Bancaeus (Ancient Greek: Βαγκαῖος) or Bagaeus (Ancient Greek: Βαγαῖος) was a Persian man of the 4th and 5th centuries BCE.
He was a half-brother of the satrap Pharnabazus II, is mentioned by the writer Xenophon as co-commander of a body of Persian cavalry, with Rathines, which, in a skirmish near Dascylium, defeated the cavalry of the Spartan king Agesilaus II, in the first year of his invasion of Asia, in 396 BCE.
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This article incorporates text from a publication now in the public domain: Elder, Edward (1870). "Bagaeus". In Smith, William (ed.). Dictionary of Greek and Roman Biography and Mythology. Vol. 1. p. 453.