Free directory of all 16 correspondent bank SWIFT/BIC codes registered in BENIN. Click any bank to view its full record and track an international SWIFT payment routed through it.
Benin uses the XOF franc and Cotonou's port serves as a major entry point for goods destined for landlocked Niger and Burkina Faso. Ecobank Benin, Bank of Africa Benin, and BSIC Benin are the primary SWIFT correspondents, processing cotton export proceeds, re-export trade finance payments, and transit transport revenue flows. Benin has developed a growing fintech sector in Cotonou, attracting mobile money investment.
| RTGS / Settlement System | STAR-UEMOA (BCEAO) |
|---|---|
| Currency | XOF — West African CFA Franc |
| Central Bank | Banque Centrale des États de l'Afrique de l'Ouest (BCEAO) |
| Typical SWIFT Timing | 3–7 days (international SWIFT) |
Most international SWIFT wires arrive in Benin within 2–5 business days. Payments cleared through correspondent banks may take longer depending on intermediary routing and local cut-off times.
Benin processes large-value interbank settlements through STAR-UEMOA/BCEAO. Retail transfers typically use ACH or local clearing networks, while cross-border wires enter via SWIFT.
The primary settlement currency is XOF — CFA Franc. Foreign-currency wires are converted at the receiving bank's prevailing rate unless a specific currency account is held at the beneficiary institution.
Total correspondent banks indexed: 16