When sending or receiving international wire transfers, ensuring funds reach the correct destination requires precise banking details. One critical element is the SWIFT/BIC code , a unique identifier for financial institutions worldwide.
For transactions involving ABANCA CORPORACION BANCARIA, S.A. in Spain, the required SWIFT code is CAGLESMM COP . This code specifically identifies the bank's branch in La Coruña , located at: Back.Office COMEX, Rua Nueva 30-1, Planta 74, ABANCA, La Coruña, A Coruña, 15003 .
Why SWIFT Codes Matter
SWIFT codes serve as a global standard for identifying banks and branches in cross-border transactions. They ensure funds are routed securely and efficiently through the SWIFT network , minimizing delays and potential errors.
Whether initiating or receiving an international transfer, verifying the correct SWIFT/BIC code is essential. Inaccuracies can lead to processing delays, additional fees, or even failed transactions.
ABANCA's SWIFT Code: Key Details
The code CAGLESMMCOP is designated for ABANCA's La Coruña branch and must be used for all international wire transfers involving this institution. Banks periodically update their SWIFT codes, so confirming the current code before initiating a transaction is strongly advised.
Providing complete and accurate banking details, including the correct SWIFT code, remains the foundation of successful cross-border payments. For transactions with ABANCA CORPORACION BANCARIA, S.A., ensuring the use of CAGLESMMCOP will facilitate a smooth transfer process.