SWIFT Code BNFEECEQ — BANCO NACIONAL DE FOMENTO, QUITO

About SWIFT Code BNFEECEQ — BANCO NACIONAL DE FOMENTO, QUITO

SWIFT code BNFEECEQ is the official 8-character head-office BIC (Bank Identifier Code) for BANCO NACIONAL DE FOMENTO 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 NACIONAL DE FOMENTO 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 BNFEECEQ

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

When to Use SWIFT Code BNFEECEQ

Receiving International Wire Transfers

To receive money from abroad at your BANCO NACIONAL DE FOMENTO account in QUITO, share SWIFT code BNFEECEQ 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 NACIONAL DE FOMENTO, QUITO must provide SWIFT code BNFEECEQ. 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 NACIONAL DE FOMENTO in QUITO rely on SWIFT code BNFEECEQ 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 NACIONAL DE FOMENTO →

For cheque clearing or NACH mandates, use the MICR code for BANCO NACIONAL DE FOMENTO →

For TDS challan deposits, find the BSR code for BANCO NACIONAL DE FOMENTO →

How SWIFT Code BNFEECEQ Routes an International Transfer

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

Common Mistakes When Using SWIFT Code BNFEECEQ

• Spaces or lowercase letters — Always enter BNFEECEQ 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 BNFEECEQ directly with BANCO NACIONAL DE FOMENTO's QUITO branch or via the SWIFT BIC Directory.