Have you ever faced headaches due to incorrect bank codes when making international transfers? Every bank has a unique SWIFT/BIC code, which serves as an identifier for international financial transactions and ensures your funds reach their destination quickly and securely. Today, we examine the SWIFT code for ABANCA CORPORACION BANCARIA, S.A. and how to use it correctly for cross-border transactions.
ABANCA CORPORACION BANCARIA, S.A., headquartered in La Coruña, Spain, uses the SWIFT code CAGLESMMLCO . This code is essential for fund transfers, and selecting the correct one helps avoid delays or lost payments.
The Importance of SWIFT Codes
A SWIFT (Society for Worldwide Interbank Financial Telecommunication) code typically consists of 8 to 11 characters and uniquely identifies a bank and its specific branch. The structure is precise: the first four letters represent the bank code, followed by two letters for the country code, two letters for the location code, and the final three digits or letters indicating the specific branch.
For customers sending funds to ABANCA from abroad, using the correct code, CAGLESMMLCO , is critical. To ensure smooth transactions, always verify the SWIFT code before initiating a transfer, as banks occasionally update these details due to policy changes or branch adjustments.
Key Considerations in the Transfer Process
When filling out transfer details, in addition to the SWIFT code, ensure the recipient's name, account number, and bank address are accurate. For international transfers to ABANCA, the address is:
CENTRO PROCESO DE DATOS DE ABANCA, PARC. F1, LA CORUNA, A CORUNA, 15190, SPAIN.
Even minor errors can result in delays or returned payments. Before confirming a transfer, double-check all details. If uncertain, contact the bank’s customer service for verification.
Conclusion
Whether for personal or business transactions, using the correct SWIFT code, such as CAGLESMMLCO , is crucial for seamless cross-border payments. In an increasingly globalized financial landscape, staying informed about banking details ensures efficiency and cost savings. Keeping bank information up to date safeguards every transaction.