Code of XP Bank for TED: which one to use?

Banco XP is a multiple-service bank founded in 2019 by XP Investimentos, one of Brazil's largest securities brokerage firms. The bank offers a wide range of financial products and services, including checking accounts, credit cards, investments, insurance, and credit.

In order for you to make a TED or DOC transfer to the Banco XP, the required bank code is 348.

Find out everything about bank transfers at Banco XP Investimentos.

• Code for national transfers (COMPE)
• Code for international transfers (Swift or Bic)
• Iban Code

XP Bank: TED and DOC

The rules for TED and DOC transfers are generally the same for banks. What usually differs is the fees charged by each institution. Here's how it works at Banco XP:

One of the great advantages of XP Investimentos is that there are no costs for TED and DOC transactions.

How do I make TED and DOC transfers through Banco XP?

Check out how you can make a free transfer through Banco XP Investimento and send your money:

1. Access the Banco XP app or the internet banking portal.
2. Log in with your CPF or email and password.
3. Tap or click on the “Transfers” option.
4. Choose between “TED” or “DOC”.
5. Enter the beneficiary's details: full name, CPF or CNPJ, account number, branch and bank.
6. Enter the transfer amount.
7. If you are making a TED, you can also enter a message for the beneficiary.
8. Tap or click “Confirm”.

The transfer will be processed and the amount will be credited to the beneficiary's account within 1 business day for TEDs and up to 2 business days for DOCs.

How much does a transfer cost at Banco XP?

According to the bank itself, one of the biggest advantages is that there are no costs for transferring money to other bank accounts through your XP Investimento account.

In other words, you can transfer your money without having to pay anything for it.

So, if you have an account at Banco XP, take advantage of this benefit.

XP Bank COMPE Code

The COMPE code is used when you want to make a transfer via TED or DOC to another bank. The same applies to XP. Another option, though less common, is to use ISPB, which performs the same function.

To ensure the accuracy of your bank transfers to XP Bank, please check the two codes that are essential for you to know when making transactions:

• COMPE Code: 348
• ISPB Code: 33264668

XP Swift Bank Code or BIC

If you wish to carry out international transactions involving receiving funds from abroad, it is essential to provide the person making the transfer with the SWIFT code, also known as the BIC code.

This code is specifically designed to ensure that funds are directed to the correct account. Check the XP bank's SWIFT code to receive your funds:

1. XP Bank Swift Code: BCXPBRSPXXX

XP Bank IBAN Code

The IBAN is an international bank account identification code. It's used to transfer money between banks in different countries. Banco XP's IBAN consists of 23 characters, including the country code, bank code, branch code, and account number.

To get the IBAN for Banco XP, you can follow these steps:

1. Access the Banco XP app or the internet banking portal.
2. Log in with your CPF or email and password.
3. Tap or click on the “Account” option.
4. Under “Account Information” you will see your IBAN.

You can also contact Banco XP customer service to request your IBAN code directly.

Frequently Asked Questions

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