In global financial transactions, accurately identifying banks and their specific branches is crucial. For those conducting business with ABANCA CORPORACION BANCARIA, S.A., understanding its SWIFT/BIC code is fundamental to ensuring secure and efficient international money transfers.
The SWIFT/BIC code for ABANCA is CAGLESMM . This unique identifier follows the standardized structure for international bank codes, with each segment serving a specific purpose:
- Bank Code (CAGL): The first four letters uniquely identify ABANCA CORPORACION BANCARIA, S.A.
- Country Code (ES): The subsequent two letters designate Spain as the bank's home country.
- Location Code (MM): These characters specify the exact location of ABANCA's headquarters in Spain.
- Branch Code (XXX): When present, the final three characters identify specific branches, with "XXX" indicating the bank's headquarters.
ABANCA's headquarters are located at PS. RECOLETOS 4 in Madrid, from where it provides comprehensive international financial services. The institution plays a significant role in facilitating global commerce through its banking network.
When initiating international wire transfers or processing cross-border payments to ABANCA accounts, using the correct SWIFT/BIC code is essential to prevent processing delays or misdirected funds. Financial professionals emphasize double-checking these codes before submitting transaction requests.
The standardized SWIFT/BIC system has become indispensable in modern banking, enabling financial institutions worldwide to communicate transaction details securely and efficiently. For businesses and individuals engaged in international finance with Spanish counterparts, understanding these banking identifiers contributes to smoother financial operations.