SWIFT codes in Peru
PE · PEN
19 banks in Peru, from BANCO DE CREDITO DEL PERU (BCPLPEPL) onward; every code carries PE as its country part.
Banks
19
SWIFT codes
1
Branches
1
Currency
PEN
Banks and SWIFT codes in Peru
BBANCO DE CREDITO DEL PERU
| SWIFT/BIC | City |
|---|---|
BCPLPEPLXXX | LIMA |
Peru SWIFT code questions
What does a Peru SWIFT code look like?
BCPLPEPLXXX (BANCO DE CREDITO DEL PERU): bank BCPL, country PE, location PL, branch XXX.
What are the SWIFT codes for major Peruvian banks?
Key Peruvian bank SWIFT codes include: Banco de Crédito del Perú (BCP) — BCPLPEPL, Interbank — BINPPEPL, Scotiabank Perú — BSUDPEPL, BanBif — BFCAPEPL, and Citibank Perú — CITIPEPL.
Can I receive USD directly in a Peruvian bank account?
Yes. This is one of Peru's most foreigner-friendly banking features: individuals can hold USD accounts (cuentas en dólares) at local Peruvian banks. Inbound USD transfers can be credited directly to a dollar account without mandatory conversion to PEN. This allows recipients to hold USD savings in Peru, convert at a favorable time, or make USD payments from their account.
How long does a SWIFT transfer to Peru take?
SWIFT transfers to Peru typically arrive within one to three business days. Transfers from the United States and Spain — major corridors for the Peruvian diaspora — usually settle within one to two business days. BCP, as the largest bank, has the most developed correspondent banking network and typically provides the fastest processing for inbound USD wires.
Are there SBS or BCRP regulations affecting large inbound transfers?
Yes. Peru's SBS (Superintendencia de Banca, Seguros y AFP) requires that inbound transfers above USD 10,000 be accompanied by documentation of the source of funds. The receiving bank files a report with the UIF (Unidad de Inteligencia Financiera del Perú) for large or suspicious transfers. Business transfers require supporting invoices or contracts. Peru does not impose withholding tax on personal remittances.
What is the CCE system and how does it differ from SWIFT?
CCE (Cámara de Compensación Electrónica) is Peru's domestic interbank clearing system, handling PEN transfers between Peruvian banks. It is entirely separate from SWIFT and cannot receive international payments. SWIFT is for cross-border wire transfers. After an international transfer arrives via SWIFT at a Peruvian bank, the bank credits the recipient's account through its internal systems.
Does Peru charge any tax on receiving international wire transfers?
Peru does not impose withholding tax on personal inbound remittances. Business payments may attract income tax obligations depending on the nature of the underlying transaction (service payments, dividends, royalties, etc.), but the transfer itself is not taxed at the point of receipt. The receiving bank does not deduct taxes on incoming wire transfers for individuals.
Are there fees for receiving a SWIFT transfer in Peru?
Peruvian banks typically charge an inbound wire processing fee, often USD 10–20 per transfer. Currency conversion from a foreign currency to PEN includes an additional spread if the recipient holds a standard PEN account. Since USD accounts are readily available, many recipients choose to receive in USD and convert at their preferred timing, avoiding immediate bank conversion costs.
How SWIFT works in Peru
The Banco Central de Reserva del Perú (BCRP) manages monetary policy and foreign exchange reserves. Peru's banking regulator, the SBS (Superintendencia de Banca, Seguros y AFP), oversees all licensed banks. Domestic transfers in PEN use the CCE (Cámara de Compensación Electrónica) clearing system. For international inbound transfers, Peru's major banks are well-connected to SWIFT, and Peru's relatively open foreign exchange system makes receiving international wires straightforward.
- Peru's four main SWIFT-connected banks are Banco de Crédito del Perú (BCP, BCPLPEPL), BBVA Perú, Interbank (BINPPEPL), and Scotiabank Perú. BCP is the largest Peruvian bank by assets and processes the highest volume of inbound international wires. Interbank has strong digital banking capabilities and is popular among retail customers receiving remittances.
- Peru permits individuals to hold USD accounts at local banks, and inbound USD transfers can be credited directly to a dollar account (cuenta en dólares) without mandatory conversion to PEN. This is a significant advantage for recipients who want to avoid converting at the bank's exchange rate or who need to make USD payments from their account.
- SBS regulations require that inbound transfers above USD 10,000 be accompanied by a declaration of origin of funds. The receiving bank handles the regulatory filing, but the transfer purpose should be clearly stated in the payment reference. Peru does not impose withholding tax on personal remittances. Business transfers require invoice documentation, particularly for imports or service payments.
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