With Fonmoney you can send money to Venezuela to any bank account – securely and entirely online. This guide explains which banks you can transfer to, how a Venezuelan account number is structured and what recipient details you need.
Which banks in Venezuela can you send money to?
With Fonmoney you can send money to any bank in Venezuela, to any bank account. The largest and most well-known institutions include:
| Bank | Type | Website |
|---|---|---|
| Banco de Venezuela (BDV) | state-owned | bancodevenezuela.com |
| Banesco | private | banesco.com |
| BBVA Provincial | private | provincial.com |
| Banco Nacional de Crédito (BNC) | private | bncenlinea.com |
| Mercantil Banco | private | mercantilbanco.com |
| Banco del Tesoro | state-owned | bt.com.ve |
| Banco Digital de los Trabajadores (BDT) | state-owned | bdt.com.ve |
| Bancaribe | private | bancaribe.com.ve |
| Bancamiga | private | bancamiga.com |
| Banco Exterior | private | bancoexterior.com |
| Banco Caroní | private | bancocaroni.com.ve |
This list is not exhaustive – with Fonmoney you can also reach any other active bank in Venezuela.
How a Venezuelan account number is structured
A Venezuelan bank account has 20 digits. The first four form the bank code (Código bancario) and identify the bank – similar to a routing number.
- Bank code (4 digits) – e.g. 0102 for Banco de Venezuela, 0105 for Mercantil, 0108 for BBVA Provincial.
- Branch code (4 digits) – the branch office.
- Account type (2 digits) – e.g. 01 for a current account, 03 for a savings account.
- Account number (10 digits) – the individual number.
Recipients also usually provide their Cédula de Identidad (Venezuelan national ID number). Venezuelans living abroad may supply their passport number instead.
Pago Móvil: mobile payments in Venezuela
In Venezuela, Pago Móvil is the most widely used payment method – real-time transfers via mobile phone, supported by nearly all banks. The recipient only needs an active bank account and a phone number to receive and manage money instantly. You send the funds to the bank account; the recipient handles the rest via Pago Móvil.
What recipient details do you need?
- Full name of the recipient – exactly as it appears on the Cédula, including accents.
- Cédula de Identidad or passport number.
- 20-digit account number including the bank code.
- Bank name – and the bank must be active.
- Phone number of the recipient (optional, for notifications).
Common mistakes to avoid
- Enter the name exactly: even a single incorrect character can cause the transfer to be returned.
- Only choose active banks: accounts at closed banks no longer receive credits.
- Check the exchange rate: the bolívar fluctuates frequently. Fonmoney shows the rate transparently before you confirm payment.
Banks that are no longer active
Some banks have been closed or merged. Do not use these accounts:
- Banco Occidental de Descuento (BOD): closed in 2022 by the banking regulator Sudeban; accounts were migrated to Banco Nacional de Crédito (BNC).
- Banco Industrial de Venezuela (BIV): liquidated, no longer operating.
If in doubt, ask your family whether the account is still active.
Currency: the bolívar (VES)
The national currency is the bolívar digital (VES). The exchange rate changes constantly; fixed-rate promises are unreliable. With Fonmoney, before every transfer to Venezuela you can see the current rate and the exact amount the recipient will receive.
How to send money with Fonmoney
- Register with Fonmoney or log in.
- Select Venezuela and "Bank transfer".
- Enter the recipient's bank and account details.
- Enter the amount – the exchange rate is shown straight away.
- Pay and track your transfer.
Frequently asked questions
Which banks in Venezuela can I send money to?
Any active bank, including Banco de Venezuela, Banesco, BBVA Provincial, BNC and Mercantil. With Fonmoney your money reaches any bank account in Venezuela.
How long does a transfer to Venezuela take?
The money usually arrives within minutes. In individual cases it can take up to 24 hours, depending on the recipient's bank.
What details do I need from the recipient?
The full name (as shown on the Cédula), the Cédula or passport number, the 20-digit account number including bank code and the bank name.
What is the bank code?
The first four digits of the 20-digit account number. They identify the bank – for example, 0102 stands for Banco de Venezuela.
Can I send money to the BOD?
No. The BOD was closed in 2022 and accounts were migrated to BNC. Do not enter a BOD account.
In what currency does the money arrive?
In bolívares (VES), at the current exchange rate. The exact amount is shown before you pay.
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