ABANCA Simplifies Secure International Transfers With SWIFTBIC Code

This article analyzes the SWIFT/BIC code CAGLESMMXXX of ABANCA CORPORACION BANCARIA, S.A., detailing its structure and related information. It also offers practical advice for secure and efficient international remittances, assisting readers in ensuring smooth fund transfers.
ABANCA Simplifies Secure International Transfers With SWIFTBIC Code

International money transfers can often be fraught with delays or failed transactions, leaving senders and recipients frustrated. One critical factor in ensuring smooth cross-border payments is the correct use of SWIFT/BIC codes. This article provides an in-depth look at the SWIFT/BIC code for ABANCA CORPORACION BANCARIA, S.A.— CAGLESMMXXX —and explains how accurate coding can streamline your transactions.

What Is a SWIFT/BIC Code?

A SWIFT/BIC code is an 8- to 11-character identifier that uniquely represents a bank and its branch in global financial transactions. These codes play a crucial role in securing funds and expediting transfers by ensuring payments reach the correct institution without unnecessary hold-ups.

Decoding ABANCA’s SWIFT/BIC: CAGLESMMXXX

The SWIFT/BIC code for ABANCA CORPORACION BANCARIA, S.A. is CAGLESMMXXX . Here’s a breakdown of its components:

  • Bank Code (CAGL): Identifies ABANCA as the financial institution.
  • Country Code (ES): Indicates the bank is located in Spain.
  • Location Code (MM): Specifies the bank’s headquarters.
  • Branch Code (XXX): Denotes the primary office rather than a specific branch.

Key Details for ABANCA Transfers

Bank Name: ABANCA CORPORACION BANCARIA, S.A.
SWIFT/BIC Code: CAGLESMMXXX
Address: CANTON CLAUDINO PITA 2
City: BETANZOS

Ensuring a Smooth Transfer

To minimize errors and delays when sending money internationally, follow these steps:

  • Verify the Bank Name: Confirm the recipient’s bank name matches the SWIFT/BIC code.
  • Check the Branch: If using a branch-specific code, ensure it aligns with the recipient’s account location.
  • Confirm the Country: Double-check that the SWIFT/BIC code corresponds to the correct country.

Optimizing International Transfers

When sending funds to ABANCA, comparing exchange rates and fees can help maximize the value of your transfer. Many financial service providers offer competitive rates and faster processing times than traditional banks. Transparent fee structures and same-day transfers are among the benefits that can enhance the efficiency of cross-border payments.

Conclusion

Accurate SWIFT/BIC codes are essential for secure and timely international transactions. By understanding the structure of ABANCA’s code— CAGLESMMXXX —and verifying key details before initiating a transfer, individuals and businesses can reduce risks and ensure their funds reach the intended destination without complications.