When conducting international wire transfers, correctly using SWIFT/BIC codes is critical to ensure funds reach their destination securely and efficiently. This applies particularly to transactions involving Banco de Sabadell, S.A., one of Spain's prominent financial institutions.
Key Bank Details
- Bank Name: Banco de Sabadell, S.A.
- City: Sant Cugat del Vallès
- Address: C/Sena 12, Sant Cugat del Vallès, Barcelona, 08174
- Country: Spain
- SWIFT/BIC Code: BSABESBBXXX
The SWIFT/BIC code BSABESBBXXX must be used for international wire transfers to Banco de Sabadell. This alphanumeric identifier facilitates accurate routing through the SWIFT network, specifying both the recipient bank and its branch.
While SWIFT codes are essential for most cross-border transactions, some countries or payment types may not require them. Verifying this requirement with the recipient or their bank beforehand can prevent processing delays.
Decoding the SWIFT/BIC Structure
The code BSABESBBXXX follows the standardized SWIFT format:
- BSAB – Bank identifier for Banco de Sabadell
- ES – Country code for Spain
- BB – Location code for Sabadell
- XXX – Typically denotes the head office or primary branch
SWIFT codes serve as unique identifiers in international banking transactions, enhancing security by minimizing errors and processing delays. Their proper use is indispensable for various financial activities including overseas investments, real estate purchases, and educational payments.
Mastering SWIFT/BIC codes enables more precise and expedited international transfers, providing confidence in navigating today's complex global financial landscape.