When making an international bank transfer, selecting the correct SWIFT/BIC code is critical. A single error in the bank code can lead to delays or even loss of funds. For those sending money to Spain, understanding the SWIFT/BIC code for ABANCA CORPORACION BANCARIA, S.A. is essential to ensure a smooth transaction.
ABANCA CORPORACION BANCARIA, S.A., a well-known Spanish bank headquartered in Madrid, uses the SWIFT/BIC code CAGLESMMVIG . Breaking down this code reveals its structure:
- CAGL – The unique bank identifier for ABANCA.
- ES – The country code for Spain.
- MM – The location code for Madrid.
- VIG – Optional branch-specific details, if applicable.
Accuracy in entering the SWIFT/BIC code is paramount. Even minor discrepancies can result in processing delays or failed transactions. Those transferring funds through ABANCA should verify that the correct code, CAGLESMMVIG , is used, along with the recipient’s account details.
SWIFT/BIC codes typically consist of 8 to 11 characters, providing precise information about the bank, country, and city. Ensuring the correct code is used helps guarantee that funds reach their destination securely and promptly.
Before initiating any transfer, it is advisable to confirm the validity of the SWIFT/BIC code. While the provided code was accurate at the time of publication, banks may occasionally update their details. Verifying the code through ABANCA’s official channels is recommended.
For individuals unfamiliar with international transfers, understanding the significance of SWIFT/BIC codes can prevent unnecessary complications. A correct code not only facilitates timely transactions but also minimizes potential fees or penalties. Knowing ABANCA CORPORACION BANCARIA, S.A.’s SWIFT/BIC code, CAGLESMMVIG , simplifies the process, ensuring a seamless transfer experience.