ARPRVEC1 SWIFT/BIC Code

The SWIFT number ARPRVEC1 was issued by ARRENDADORA PROVINCIAL in CARACAS.

SWIFT/BIC NumberARPRVEC1
Bank NameARRENDADORA PROVINCIAL
Bank CityCARACAS
Bank Branch

What is a SWIFT code?

A SWIFT/BIC code is a standard format to uniquely identify all banks and financial institutions globally. SWIFT codes are a standard format for Business Identifier Codes - commonly referred to as a BIC.

If you send money across international lines you nearly always need to use a SWIFT code, as it’s the way banks and money transfer services figure out where the money needs to go. You can think of a BIC code a bit like a ZIP/postal code. Your bank uses the code to send the money to the right bank in another country. Like sending post to an incorrect ZIP code means it could go missing, the same thing can apply for your money and the wrong SWIFT code.

What does a SWIFT look like?

A BIC/SWIFT code is either 8 or 11 characters in length:

AAAA BB CC DDD

  • AAAA: 4 character bank code.This section can only be A-Z letters.
  • BB: 2 character country code. ISO alpha-2 country code.
  • CC: 2 character location code.
  • DDD: 3 character branch code. This is optional and can be letters or digits. An XXX here would refer to the primary office.

More info about SWIFT/BIC codes

There are 2 types of SWIFT code: live and passive. Live codes are for financial institutions who are actively connected to the SWIFT network while passive Codes are used for manual transactions. Passive SWIFT codes will have a 1 as the second digit of the 2 character location code.

SWIFT code registrations and management are the responsibility of "Society for Worldwide Interbank Financial Telecommunication" (“SWIFT”) which is located in La Hulpe, Belgium.

SWIFT is the registered trademark of S.W.I.F.T. SCRL with a registered address at Avenue Adèle 1, B-1310 La Hulpe, Belgium.