When making international wire transfers, selecting the accurate SWIFT code is critical. For customers sending funds to ABANCA CORPORACION BANCARIA, S.A., using the code CAGLESMMVOP ensures precise delivery. This identifier is intrinsically linked to the bank's address details, safeguarding transaction security.
Bank Details and Location
ABANCA CORPORACION BANCARIA, S.A. is headquartered at AV. GARCIA BARBON 1 in Vigo, Spain, with postal code 36201 in the Pontevedra province. The SWIFT code efficiently directs transfer systems to route funds to designated accounts within the institution.
Understanding SWIFT/BIC Codes
SWIFT codes—alternatively called Bank Identifier Codes (BIC)—are standardized identifiers for financial institutions and their branches. These alphanumeric sequences contain 8 to 11 characters: the first 8 represent the bank's core identifier, while the optional final 3 specify particular branches. When transferring to ABANCA, including the full 11-digit code (if required for specific branch transactions) prevents processing delays.
Transaction Security Considerations
Precise SWIFT code usage provides essential safeguards in cross-border payments. However, errors may result in funds being misdirected, delayed, or returned. Financial experts recommend senders and recipients jointly verify all banking details—including the complete SWIFT code—prior to initiating transfers.
To optimize international payment processing, include supplementary transaction details such as:
- Exact transfer amount
- Beneficiary's full legal name
- Complete account information
These measures accelerate processing while creating transparent audit trails for both parties.
Global Financial Connectivity
In today's interconnected financial landscape, accurate and efficient payment systems form the backbone of international commerce. By correctly utilizing ABANCA CORPORACION BANCARIA, S.A.'s SWIFT code alongside verified banking particulars, individuals and businesses can execute seamless cross-border transactions with confidence.