SWIFT Code MIEYECE1 — MINISTERIO DE INCLUSION ECONOMICA Y SOCIAL, QUITO

About SWIFT Code MIEYECE1 — MINISTERIO DE INCLUSION ECONOMICA Y SOCIAL, QUITO

SWIFT code MIEYECE1 is the official 8-character head-office BIC (Bank Identifier Code) for MINISTERIO DE INCLUSION ECONOMICA Y SOCIAL 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 MINISTERIO DE INCLUSION ECONOMICA Y SOCIAL 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 MIEYECE1

The code MIEYECE1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code MIEYECE1

Receiving International Wire Transfers

To receive money from abroad at your MINISTERIO DE INCLUSION ECONOMICA Y SOCIAL account in QUITO, share SWIFT code MIEYECE1 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 MINISTERIO DE INCLUSION ECONOMICA Y SOCIAL, QUITO must provide SWIFT code MIEYECE1. 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 MINISTERIO DE INCLUSION ECONOMICA Y SOCIAL in QUITO rely on SWIFT code MIEYECE1 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 MINISTERIO DE INCLUSION ECONOMICA Y SOCIAL →

For cheque clearing or NACH mandates, use the MICR code for MINISTERIO DE INCLUSION ECONOMICA Y SOCIAL →

For TDS challan deposits, find the BSR code for MINISTERIO DE INCLUSION ECONOMICA Y SOCIAL →

How SWIFT Code MIEYECE1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code MIEYECE1 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 MINISTERIO DE INCLUSION ECONOMICA Y SOCIAL.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: MINISTERIO DE INCLUSION ECONOMICA Y SOCIAL receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code MIEYECE1

• Spaces or lowercase letters — Always enter MIEYECE1 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 MIEYECE1 directly with MINISTERIO DE INCLUSION ECONOMICA Y SOCIAL's QUITO branch or via the SWIFT BIC Directory.