When conducting international wire transfers, selecting the correct SWIFT/BIC code is essential to ensure funds reach their intended destination without delays or errors. For instance, the SWIFT code BSABESBBXXX belongs to Banco de Sabadell, S.A., a prominent Spanish financial institution. This code guarantees that transfers are processed efficiently and accurately.
To initiate a transfer to Banco de Sabadell, S.A., the following details are required:
- Bank Name: Banco de Sabadell, S.A.
- City: Sant Cugat del Vallès
- Address: C/Sena 12, Sant Cugat del Vallès, Barcelona, 08174
- Country: Spain
The SWIFT code BSABESBBXXX has been verified and regularly updated for international transactions, ensuring secure and timely delivery of funds. Users can rely on this code for seamless cross-border transfers.
Understanding SWIFT/BIC Code Structure
SWIFT/BIC codes consist of 8 to 11 alphanumeric characters, each segment providing specific information about the bank and its location. Breaking down Banco de Sabadell's code:
- Bank Code: BSAB (identifies Banco de Sabadell)
- Country Code: ES (represents Spain)
- Location Code: BB (denotes the bank’s primary office)
- Branch Code: XXX (indicates the head office or a specific branch)
To minimize risks and enhance transaction efficiency, always verify the SWIFT code with the recipient bank before initiating a transfer. Familiarizing yourself with the structure and details of these codes is a critical step in safeguarding your international transactions.
In summary, accurate SWIFT/BIC codes streamline the wire transfer process and significantly improve success rates. By leveraging this information, individuals and businesses can execute international transactions with confidence, enjoying the benefits of global financial connectivity.