In order to send a SWIFT payment to GUATEMALA it is highly recommended to meet the following recommendations:
Overview
Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g., SWIFT BIC, IBAN, and beneficiary bank address). For additional information, please refer to www.banguat.gob.gt.
Payment Formatting Rules for GTQ
Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary.
Beneficiary Customer (SWIFT MT103 F59): Include account number (IBAN), full name (no initials), and address of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary. IBAN numbers for beneficiaries with accounts in Guatemala must be included in the payment instructions.
Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier, full name, and address of the beneficiary bank. Exact location of the bank must be provided. SWIFT BIC is 8 or 11 alphanumeric characters: xxxxGTxx or xxxxGTxxxxx.
Reason for Payment (SWIFT MT103 F70): Purpose of the payment is recommended.
FX GTQ payments to individuals can only be made if the beneficiary account is with Banco Industrial.
For the following financial institutions in GUATEMALA you can find a list of their correspondent banks with the currencies and nostro accounts. Also you will find an instructions how to track the payments and other useful information which will help you to send/receive a SWIFT funds transfer or investigate a status of existing payment.