SWIFT Code OAEIECE1 — COOPERATIVA AHORRO Y CREDITO UNION EL EJIDO, COTACACHI

About SWIFT Code OAEIECE1 — COOPERATIVA AHORRO Y CREDITO UNION EL EJIDO, COTACACHI

SWIFT code OAEIECE1 is the official 8-character head-office BIC (Bank Identifier Code) for COOPERATIVA AHORRO Y CREDITO UNION EL EJIDO in COTACACHI, 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 COOPERATIVA AHORRO Y CREDITO UNION EL EJIDO for all outward international remittances from COTACACHI. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code OAEIECE1

The code OAEIECE1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code OAEIECE1

Receiving International Wire Transfers

To receive money from abroad at your COOPERATIVA AHORRO Y CREDITO UNION EL EJIDO account in COTACACHI, share SWIFT code OAEIECE1 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 COOPERATIVA AHORRO Y CREDITO UNION EL EJIDO, COTACACHI must provide SWIFT code OAEIECE1. 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 COOPERATIVA AHORRO Y CREDITO UNION EL EJIDO in COTACACHI rely on SWIFT code OAEIECE1 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 COOPERATIVA AHORRO Y CREDITO UNION EL EJIDO →

For cheque clearing or NACH mandates, use the MICR code for COOPERATIVA AHORRO Y CREDITO UNION EL EJIDO →

For TDS challan deposits, find the BSR code for COOPERATIVA AHORRO Y CREDITO UNION EL EJIDO →

How SWIFT Code OAEIECE1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code OAEIECE1 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 COOPERATIVA AHORRO Y CREDITO UNION EL EJIDO.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: COOPERATIVA AHORRO Y CREDITO UNION EL EJIDO receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code OAEIECE1

• Spaces or lowercase letters — Always enter OAEIECE1 uppercase with no spaces.
• Using the wrong city — This code is for COTACACHI 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 OAEIECE1 directly with COOPERATIVA AHORRO Y CREDITO UNION EL EJIDO's COTACACHI branch or via the SWIFT BIC Directory.