In today's globalized digital economy, international money transfers have become an essential part of both personal and business transactions. For many, however, the process can seem daunting, particularly when selecting financial institutions and transfer methods. One crucial piece of information for seamless cross-border payments is the bank's SWIFT/BIC code.
ABANCA's SWIFT Code and Banking Details
ABANCA CORPORACION BANCARIA, S.A. operates with the SWIFT/BIC code CAGLESMMBME . The bank is headquartered at PASEO RECOLETOS 4, MADRID, MADRID, 28001, Spain , offering comprehensive financial services to meet diverse customer needs.
When initiating an international transfer, verifying the correct SWIFT code is paramount to ensure funds reach their intended destination without delays or complications.
Transaction Example: Sending Funds to France
Consider a scenario where you need to transfer $10,000 USD to France, with the recipient receiving the amount in euros ( EUR ). While the sender remits dollars, the received amount will automatically convert to euros at the prevailing exchange rate.
ABANCA offers multiple payment options for such transactions. The recommended methods are:
Automatic Debit: Typically processes within three business days
Bank Transfer: Generally completes within 24 hours
Both options carry no additional fees, providing cost-effective solutions for international money transfers.
Key Considerations for International Transfers
All transfers through ABANCA are deposited directly into the recipient's bank account, with funds typically available within three business days. This combination of speed and cost efficiency makes ABANCA a competitive option for cross-border payments.
Before initiating any international transfer, customers should double-check:
- The complete and accurate SWIFT/BIC code
- Recipient bank details (name, address, account number)
- Transfer amount and currency conversion details
Proper preparation with these details helps prevent unnecessary delays and ensures smooth, efficient international money transfers.