SWIFT Code COFBECE1GYE — BANCO COFIEC C.A., GUAYAQUIL

About SWIFT Code COFBECE1GYE — BANCO COFIEC C.A., GUAYAQUIL

SWIFT code COFBECE1GYE is the official 11-character branch-specific BIC (Bank Identifier Code) for BANCO COFIEC C.A. in GUAYAQUIL, Ecuador. 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 BANCO COFIEC C.A. for all outward international remittances from GUAYAQUIL. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code COFBECE1GYE

The code COFBECE1GYE follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code COFBECE1GYE

Receiving International Wire Transfers

To receive money from abroad at your BANCO COFIEC C.A. account in GUAYAQUIL, share SWIFT code COFBECE1GYE 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 BANCO COFIEC C.A., GUAYAQUIL must provide SWIFT code COFBECE1GYE. 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 BANCO COFIEC C.A. in GUAYAQUIL rely on SWIFT code COFBECE1GYE 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 BANCO COFIEC C.A. →

For cheque clearing or NACH mandates, use the MICR code for BANCO COFIEC C.A. →

For TDS challan deposits, find the BSR code for BANCO COFIEC C.A. →

How SWIFT Code COFBECE1GYE Routes an International Transfer

1. Initiation: The sender provides SWIFT code COFBECE1GYE 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 BANCO COFIEC C.A..
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: BANCO COFIEC C.A. receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code COFBECE1GYE

• Spaces or lowercase letters — Always enter COFBECE1GYE uppercase with no spaces.
• Using the wrong city — This code is for GUAYAQUIL 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 Ecuador.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm COFBECE1GYE directly with BANCO COFIEC C.A.'s GUAYAQUIL branch or via the SWIFT BIC Directory.