SWIFT Code CODPDOS1 — CORPORACION DE CREDITO PREINDESA, COTUI

About SWIFT Code CODPDOS1 — CORPORACION DE CREDITO PREINDESA, COTUI

SWIFT code CODPDOS1 is the official 8-character head-office BIC (Bank Identifier Code) for CORPORACION DE CREDITO PREINDESA in COTUI, Dominican Republic. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by CORPORACION DE CREDITO PREINDESA for all outward international remittances from COTUI. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code CODPDOS1

The code CODPDOS1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code CODPDOS1

Receiving International Wire Transfers

To receive money from abroad at your CORPORACION DE CREDITO PREINDESA account in COTUI, share SWIFT code CODPDOS1 with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at CORPORACION DE CREDITO PREINDESA, COTUI must provide SWIFT code CODPDOS1. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using CORPORACION DE CREDITO PREINDESA in COTUI rely on SWIFT code CODPDOS1 for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for CORPORACION DE CREDITO PREINDESA →

For cheque clearing or NACH mandates, use the MICR code for CORPORACION DE CREDITO PREINDESA →

For TDS challan deposits, find the BSR code for CORPORACION DE CREDITO PREINDESA →

How SWIFT Code CODPDOS1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code CODPDOS1 and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to CORPORACION DE CREDITO PREINDESA.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: CORPORACION DE CREDITO PREINDESA receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code CODPDOS1

• Spaces or lowercase letters — Always enter CODPDOS1 uppercase with no spaces.
• Using the wrong city — This code is for COTUI only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within Dominican Republic.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm CODPDOS1 directly with CORPORACION DE CREDITO PREINDESA's COTUI branch or via the SWIFT BIC Directory.