Detailed Guide: Using BANCO DAVIVIENDA S.A.(FORMERLY GRANBANCO BANCAFE S.A.) SWIFT Code for Global Transfers
When dealing with international finance, precision is paramount. The CAFECOBB Business Identifier Code (BIC) is the exclusive digital signature for BANCO DAVIVIENDA S.A.(FORMERLY GRANBANCO BANCAFE S.A.) located in BOGOTA. Without this precise string of characters, your international wire transfer could be delayed, routed to the wrong intermediary, or returned with significant banking fees.
1. Understanding the 11-Character Logic
The code CAFECOBB is not a random sequence. It follows a strict ISO-9362
hierarchy that tells the global financial system exactly where your money needs to land:
- CAFE: The Bank Code representing BANCO DAVIVIENDA S.A.(FORMERLY GRANBANCO BANCAFE S.A.) globally.
- CO: The Country Code, identifying that the bank is regulated under Colombia laws.
- BB: The Location Code, usually pointing to the BOGOTA hub.
- XXX: The Branch Code, specifying this exact physical office.
2. How to Receive Money in BOGOTA
If you are a resident or business owner in BOGOTA, you must provide the following information to your international sender. For transactions involving BANCO DAVIVIENDA S.A.(FORMERLY GRANBANCO BANCAFE S.A.), ensure these fields are filled accurately in the MT103 (SWIFT Message Type):
| Field Name | Required Value |
|---|---|
| Beneficiary Name | Your Full Legal Name |
| Account Number | IBAN or Regional Account Format |
| BIC/SWIFT | CAFECOBB |
| Destination Bank | BANCO DAVIVIENDA S.A.(FORMERLY GRANBANCO BANCAFE S.A.) |
| Branch Location | BOGOTA, Colombia |
3. Potential Fees & Intermediary Banking
It is important to note that a transfer to BANCO DAVIVIENDA S.A.(FORMERLY GRANBANCO BANCAFE S.A.) might not be direct. Depending on the relationship between your sender's bank and the CO banking system, an "Intermediary Bank" might be involved. These banks may deduct a "Handling Fee" ranging from $15 to $50. Always ask your sender to choose the OUR instruction if they wish to cover all costs, or SHA to share the fees with you.
4. Frequently Asked Questions (Verified Answers)
What happens if I use the Head Office SWIFT instead of the BOGOTA branch code?
In most cases, BANCO DAVIVIENDA S.A.(FORMERLY GRANBANCO BANCAFE S.A.) will
automatically route the funds to your account based on your Account Number/IBAN. However,
using the local CAFECOBB is recommended for faster processing
and lower risk of manual intervention.
Is CAFECOBB the same as a Routing Number?
No. Routing numbers are primarily used for domestic transfers within the USA. For international transfers to Colombia, the SWIFT code is the standard identifier used by the global banking network.
How can I verify if this code is still active?
The code CAFECOBB for
BANCO DAVIVIENDA S.A.(FORMERLY GRANBANCO BANCAFE S.A.) is part of the latest directory update. We
periodically refresh our database to ensure all codes for BOGOTA are compliant
with current financial standards.
Note: Financial data changes. While CAFECOBB is
verified for BANCO DAVIVIENDA S.A.(FORMERLY GRANBANCO BANCAFE S.A.), always perform a small test transfer for high-value
transactions. This resource is for educational purposes regarding the banking infrastructure in
BOGOTA, Colombia.