SWIFT Code OAIAECE1 — COOPERATIVA DE AHORRO Y CREDITO SAN SANTIAGO DE MOLLETURO, CUENCA

About SWIFT Code OAIAECE1 — COOPERATIVA DE AHORRO Y CREDITO SAN SANTIAGO DE MOLLETURO, CUENCA

SWIFT code OAIAECE1 is the official 8-character head-office BIC (Bank Identifier Code) for COOPERATIVA DE AHORRO Y CREDITO SAN SANTIAGO DE MOLLETURO in CUENCA, 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 SAN SANTIAGO DE MOLLETURO for all outward international remittances from CUENCA. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code OAIAECE1

The code OAIAECE1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code OAIAECE1

Receiving International Wire Transfers

To receive money from abroad at your COOPERATIVA DE AHORRO Y CREDITO SAN SANTIAGO DE MOLLETURO account in CUENCA, share SWIFT code OAIAECE1 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 SAN SANTIAGO DE MOLLETURO, CUENCA must provide SWIFT code OAIAECE1. 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 SAN SANTIAGO DE MOLLETURO in CUENCA rely on SWIFT code OAIAECE1 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 SAN SANTIAGO DE MOLLETURO →

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

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

How SWIFT Code OAIAECE1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code OAIAECE1 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 SAN SANTIAGO DE MOLLETURO.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: COOPERATIVA DE AHORRO Y CREDITO SAN SANTIAGO DE MOLLETURO receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code OAIAECE1

• Spaces or lowercase letters — Always enter OAIAECE1 uppercase with no spaces.
• Using the wrong city — This code is for CUENCA 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 OAIAECE1 directly with COOPERATIVA DE AHORRO Y CREDITO SAN SANTIAGO DE MOLLETURO's CUENCA branch or via the SWIFT BIC Directory.