SWIFT Code BFRAVE21 — BANCO DE FOMENTO REGIONAL LOS ANDES, SAN CRISTOBAL

About SWIFT Code BFRAVE21 — BANCO DE FOMENTO REGIONAL LOS ANDES, SAN CRISTOBAL

SWIFT code BFRAVE21 is the official 8-character head-office BIC (Bank Identifier Code) for BANCO DE FOMENTO REGIONAL LOS ANDES in SAN CRISTOBAL, 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 LOS ANDES for all outward international remittances from SAN CRISTOBAL. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code BFRAVE21

The code BFRAVE21 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code BFRAVE21

Receiving International Wire Transfers

To receive money from abroad at your BANCO DE FOMENTO REGIONAL LOS ANDES account in SAN CRISTOBAL, share SWIFT code BFRAVE21 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 LOS ANDES, SAN CRISTOBAL must provide SWIFT code BFRAVE21. 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 LOS ANDES in SAN CRISTOBAL rely on SWIFT code BFRAVE21 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 LOS ANDES →

For cheque clearing or NACH mandates, use the MICR code for BANCO DE FOMENTO REGIONAL LOS ANDES →

For TDS challan deposits, find the BSR code for BANCO DE FOMENTO REGIONAL LOS ANDES →

How SWIFT Code BFRAVE21 Routes an International Transfer

1. Initiation: The sender provides SWIFT code BFRAVE21 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 LOS ANDES.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: BANCO DE FOMENTO REGIONAL LOS ANDES receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code BFRAVE21

• Spaces or lowercase letters — Always enter BFRAVE21 uppercase with no spaces.
• Using the wrong city — This code is for SAN CRISTOBAL 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 BFRAVE21 directly with BANCO DE FOMENTO REGIONAL LOS ANDES's SAN CRISTOBAL branch or via the SWIFT BIC Directory.