SWIFT Code BAAZECE10EQ — BANCO DEL AZUAY, QUITO

About SWIFT Code BAAZECE10EQ — BANCO DEL AZUAY, QUITO

SWIFT code BAAZECE10EQ is the official 11-character branch-specific BIC (Bank Identifier Code) for BANCO DEL AZUAY in QUITO, 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 DEL AZUAY for all outward international remittances from QUITO. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code BAAZECE10EQ

The code BAAZECE10EQ follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code BAAZECE10EQ

Receiving International Wire Transfers

To receive money from abroad at your BANCO DEL AZUAY account in QUITO, share SWIFT code BAAZECE10EQ 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 DEL AZUAY, QUITO must provide SWIFT code BAAZECE10EQ. 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 DEL AZUAY in QUITO rely on SWIFT code BAAZECE10EQ 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 DEL AZUAY →

For cheque clearing or NACH mandates, use the MICR code for BANCO DEL AZUAY →

For TDS challan deposits, find the BSR code for BANCO DEL AZUAY →

How SWIFT Code BAAZECE10EQ Routes an International Transfer

1. Initiation: The sender provides SWIFT code BAAZECE10EQ 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 DEL AZUAY.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: BANCO DEL AZUAY receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code BAAZECE10EQ

• Spaces or lowercase letters — Always enter BAAZECE10EQ uppercase with no spaces.
• Using the wrong city — This code is for QUITO 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 BAAZECE10EQ directly with BANCO DEL AZUAY's QUITO branch or via the SWIFT BIC Directory.