Navigating international payments can often be confusing, particularly when it comes to providing accurate banking details. The SWIFT/BIC code serves as a crucial solution to this challenge, ensuring funds reach their designated bank securely and efficiently.
Decoding ABANCA's SWIFT/BIC: CAGLESMMBME
ABANCA CORPORACION BANCARIA, S.A. operates with the SWIFT/BIC code CAGLESMMBME . This alphanumeric sequence contains specific information about the financial institution:
- Bank Code (CAGL): The first four letters uniquely identify ABANCA as the financial institution.
- Country Code (ES): These two letters clearly indicate the bank's location in Spain.
- Location Code (MM): Specifies the bank's physical location for transaction accuracy.
- Branch Code (BME): The final three letters designate a specific branch. When a code ends with "XXX," it typically refers to the bank's headquarters.
Precision in International Transactions
For individuals or businesses conducting international transactions with ABANCA, correct usage of the SWIFT/BIC code CAGLESMMBME is essential. The branch identifier BME specifically corresponds to ABANCA's Madrid location at PASEO RECOLETOS 4, MADRID .
Verification of this information helps prevent potential delays or misdirected funds during banking transactions. Both personal and corporate clients benefit from understanding SWIFT/BIC codes when initiating cross-border financial operations.
Proper utilization of these international banking codes remains fundamental to seamless global financial transactions, ensuring funds reach their intended destinations without complications.