SWIFT Code OARFECE1 — COOPERATIVA DE AHORRO Y CREDITO FUNDAR, VINCES

About SWIFT Code OARFECE1 — COOPERATIVA DE AHORRO Y CREDITO FUNDAR, VINCES

SWIFT code OARFECE1 is the official 8-character head-office BIC (Bank Identifier Code) for COOPERATIVA DE AHORRO Y CREDITO FUNDAR in VINCES, 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 DE AHORRO Y CREDITO FUNDAR for all outward international remittances from VINCES. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code OARFECE1

The code OARFECE1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code OARFECE1

Receiving International Wire Transfers

To receive money from abroad at your COOPERATIVA DE AHORRO Y CREDITO FUNDAR account in VINCES, share SWIFT code OARFECE1 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 DE AHORRO Y CREDITO FUNDAR, VINCES must provide SWIFT code OARFECE1. 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 DE AHORRO Y CREDITO FUNDAR in VINCES rely on SWIFT code OARFECE1 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 DE AHORRO Y CREDITO FUNDAR →

For cheque clearing or NACH mandates, use the MICR code for COOPERATIVA DE AHORRO Y CREDITO FUNDAR →

For TDS challan deposits, find the BSR code for COOPERATIVA DE AHORRO Y CREDITO FUNDAR →

How SWIFT Code OARFECE1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code OARFECE1 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 DE AHORRO Y CREDITO FUNDAR.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: COOPERATIVA DE AHORRO Y CREDITO FUNDAR receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code OARFECE1

• Spaces or lowercase letters — Always enter OARFECE1 uppercase with no spaces.
• Using the wrong city — This code is for VINCES 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 OARFECE1 directly with COOPERATIVA DE AHORRO Y CREDITO FUNDAR's VINCES branch or via the SWIFT BIC Directory.