BANCO BMG S.A., AVENIDA ALVARES CABRAL 1707, BELO HORIZONTE, Brazil
| BIC Name / Bank name / Institution Name | BANCO BMG S.A. |
| Bank Code / Institution Code | BMBC |
| Country | BRAZIL |
| Country Code (ISO 3166) | BR |
| City | BELO HORIZONTE |
| City Code | R1 The City Code are Institution Specific, different BIC has allotted different City Code for same city. |
| Office Type | Primary Office / Head Office / Main Office |
| Branch Code | XXX |
| Swift Code / BIC Code |
BMBCBRR1
|
| Swift Code / BIC Code 11 Characters | BMBCBRR1XXX Note:If Swift Code is of 8 Characters then suffix XXX for branch code in the Swift Code. |
| Address | AVENIDA ALVARES CABRAL 1707 |
| Zip Code / Postal Code | 30170-001 |
| Note: Before Transferring payment to the Bank Branch, confirm from the payment receiver, if the Bank Branch is Active | |
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| Whether Bank IBAN Compliant | Yes, BANCO BMG S.A., is IBAN Compliant. |
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What is a SWIFT Code / BIC code?
Business Identifier Codes (BIC) has been developed by Society for Worldwide Interbank Financial Telecommunication (SWIFT) to identify banks and financial institutions globally. That is why BIC Codes are also known as SWIFT Codes.SWIFT Codes / BIC Codes are used for transferring money between banks of different countries or SEPA payments. Banks also use these codes for exchanging financial messages.
SWIFT Code / BIC Code is formed of 8 or 11 characters in following system:
- First four characters in the SWIFT Code / BIC Code from left depicts bank code. In the case of BANCO BMG S.A. the first four characters from left BMBC indicates that it is BANCO BMG S.A..
- Characters 5-6 from left in the SWIFT Code / BIC Code, depicts Country code of the bank. In the case of BANCO BMG S.A. characters 5 and 6 from left BR indicates that bank is in BRAZIL. It means that all the banks located in BRAZIL will have BR at 5th and 6th place from left in their Swift Codes / BIC Codes.
- Characters 7-8 from left in the SWIFT Code / BIC Code, depicts City Code of the Bank. In the case of BANCO BMG S.A. characters 7 and 8 from left R1 indicates that bank is in BELO HORIZONTE. It means that all the branches of BANCO BMG S.A. located in BELO HORIZONTE will have R1 at 7th and 8th place from left in their Swift Codes / BIC Codes.
- Characters 9-11 from left in the SWIFT Code / BIC Code, depicts Branch Code of the Bank.In the case of BANCO BMG S.A. the length of SWIFT Code is 8 Characters, means BANCO BMG S.A. Head Office of the Financial Institution.
- Many Banks has taken only one SWIFT Code per country or have one SWIFT Code per city, for processing International Payments of all the Branches of the country / city through SWIFT enabled branch. So, if your Bank Branch is not depicting in the list, contact your Bank Branch for the SWIFT Code transactions.