SWIFT Code BFRCVE21 — BANCO DE FOMENTO REGIONAL CORO, C.A., CORO

About SWIFT Code BFRCVE21 — BANCO DE FOMENTO REGIONAL CORO, C.A., CORO

SWIFT code BFRCVE21 is the official 8-character head-office BIC (Bank Identifier Code) for BANCO DE FOMENTO REGIONAL CORO, C.A. in CORO, Venezuela. 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 DE FOMENTO REGIONAL CORO, C.A. for all outward international remittances from CORO. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code BFRCVE21

The code BFRCVE21 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code BFRCVE21

Receiving International Wire Transfers

To receive money from abroad at your BANCO DE FOMENTO REGIONAL CORO, C.A. account in CORO, share SWIFT code BFRCVE21 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 DE FOMENTO REGIONAL CORO, C.A., CORO must provide SWIFT code BFRCVE21. 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 DE FOMENTO REGIONAL CORO, C.A. in CORO rely on SWIFT code BFRCVE21 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 DE FOMENTO REGIONAL CORO, C.A. →

For cheque clearing or NACH mandates, use the MICR code for BANCO DE FOMENTO REGIONAL CORO, C.A. →

For TDS challan deposits, find the BSR code for BANCO DE FOMENTO REGIONAL CORO, C.A. →

How SWIFT Code BFRCVE21 Routes an International Transfer

1. Initiation: The sender provides SWIFT code BFRCVE21 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 DE FOMENTO REGIONAL CORO, C.A..
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: BANCO DE FOMENTO REGIONAL CORO, C.A. receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code BFRCVE21

• Spaces or lowercase letters — Always enter BFRCVE21 uppercase with no spaces.
• Using the wrong city — This code is for CORO 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 Venezuela.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm BFRCVE21 directly with BANCO DE FOMENTO REGIONAL CORO, C.A.'s CORO branch or via the SWIFT BIC Directory.