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Wafabank Swift Code in Madrid city of Spain

Branch Wise List Of Wafabank Swift Code, BIc Code In Madrid City Along With Wafabank Madrid All Branches Addresses In Spain quickly to use for Society for Worldwide Interbank Financial Telecommunication

The SWIFT code of Wafabank Madrid City is WAFAESM1. The branch located in Madrid City, Of Spain (ES).

Wafabank SWIFT Code: WAFAESM1

Wafabank Madrid City Swift/BIc Code Details

Bank NameWafabank
Swift CodeWAFAESM1
Branch Not Available
CountrySpain ES
CityMadrid
Branch Code SM1
SWIFT code (8 characters) WAFAESM1
BIC Code analysis8-letter swift code: WAFAESM1
Branch code:
Institution s 4-letter code: WAFA
Country code: ES
Location code: M1

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) (also known as ISO 9362, SWIFT-BIC, BIC code, SWIFT ID or SWIFT code) is a standard format of Business Identifier Codes approved by the International Organization for Standardization (ISO). It is a unique identification code for both financial and non-financial institutions. (When assigned to a non-financial institution, a code may also be known as a Business Entity Identifier or BEI.) These codes are used when transferring money between banks, particularly for international wire transfers, and also for the exchange of other messages between banks. The codes can sometimes be found on account statements. SWIFT and BIC codes are basically the same.

The SWIFT code is 8 or 11 characters?

Example: WAFAESM1
  • WAFA4 letters: Institution Code or bank code.
  • ES2 letters: ISO 3166-1 alpha-2 country code.
  • M12 letters or digits: location code
  • If the second character is "0", then it is typically a test BIC as opposed to a BIC used on the live network.
  • If the second character is "1", then it denotes a passive participant in the SWIFT network
  • If the second character is "2", then it typically indicates a reverse billing BIC, where the recipient pays for the message as opposed to the more usual mode whereby the sender pays for the message.
  • last 3 letters or digits: branch code.
  • Where an 8-digit code is given, it may be assumed that it refers to the primary office.