Detailed Guide: Using BANCO FICOHSA NICARAGUA S.A. SWIFT Code for Global Transfers
When dealing with international finance, precision is paramount. The BUNONIMA Business Identifier Code (BIC) is the exclusive digital signature for BANCO FICOHSA NICARAGUA S.A. located in MANAGUA. 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 BUNONIMA 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:
- BUNO: The Bank Code representing BANCO FICOHSA NICARAGUA S.A. globally.
- NI: The Country Code, identifying that the bank is regulated under Nicaragua laws.
- MA: The Location Code, usually pointing to the MANAGUA hub.
- XXX: The Branch Code, specifying this exact physical office.
2. How to Receive Money in MANAGUA
If you are a resident or business owner in MANAGUA, you must provide the following information to your international sender. For transactions involving BANCO FICOHSA NICARAGUA 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 | BUNONIMA |
| Destination Bank | BANCO FICOHSA NICARAGUA S.A. |
| Branch Location | MANAGUA, Nicaragua |
3. Potential Fees & Intermediary Banking
It is important to note that a transfer to BANCO FICOHSA NICARAGUA S.A. might not be direct. Depending on the relationship between your sender's bank and the NI 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 MANAGUA branch code?
In most cases, BANCO FICOHSA NICARAGUA S.A. will
automatically route the funds to your account based on your Account Number/IBAN. However,
using the local BUNONIMA is recommended for faster processing
and lower risk of manual intervention.
Is BUNONIMA the same as a Routing Number?
No. Routing numbers are primarily used for domestic transfers within the USA. For international transfers to Nicaragua, 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 BUNONIMA for
BANCO FICOHSA NICARAGUA S.A. is part of the latest directory update. We
periodically refresh our database to ensure all codes for MANAGUA are compliant
with current financial standards.
Note: Financial data changes. While BUNONIMA is
verified for BANCO FICOHSA NICARAGUA S.A., always perform a small test transfer for high-value
transactions. This resource is for educational purposes regarding the banking infrastructure in
MANAGUA, Nicaragua.