SWIFT/BIC code BAOFESM1XXX
BAOFESM1XXX belongs to Bancofar S.A. in Madrid, Spain.
Code details
| SWIFT/BIC code | BAOFESM1XXX |
|---|---|
| 8-character code | BAOFESM1 |
| Branch code | XXX |
| Bank | Bancofar S.A. |
| Branch | Head office |
| City | Madrid |
| Country | Spain |
The way the Bancofar S.A. SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- BAOF Bank code
- 4 letters that identify the bank.
- ES Country code
- 2 letters for the country (ISO 3166).
- M1 Location code
- 2 characters for the city or region of the head office.
- XXX Branch code
- 3 characters for a specific branch. XXX means the head office.
Check before you send
- Ask the recipient which bank and branch the account is held at.
- Use the head office code (XXX) when no branch is specified.
- Make sure the country in the code matches the country of the account.
Frequently asked questions
Which bank uses SWIFT/BIC code BAOFESM1XXX?
BAOFESM1XXX identifies the headquarters of Bancofar S.A. in Madrid, Spain. It is the code to use when a payment to Bancofar S.A. does not need a specific branch.
What happens if I use BAOFESM1XXX with a typo?
The payment may be delayed, returned or charged extra fees. Double-check BAOFESM1XXX against the details from Bancofar S.A. before you confirm.
Does Bancofar S.A. use a single SWIFT/BIC code?
Yes – BAOFESM1XXX is the only SWIFT/BIC code listed for Bancofar S.A. in Spain, so there is no branch code to choose.
What do the letters in BAOFESM1XXX mean?
BAOF is the institution code of Bancofar S.A., ES is the ISO code of Spain, M1 is the code for the city or region and XXX means the head office.
What is the best way to send money to Bancofar S.A. in Spain?
Many banks add several percent to the exchange rate on top of a fee. Compare what you receive in Euro with specialist providers before you send – the difference can be large.
Is BAOFESM1 and BAOFESM1XXX the same SWIFT code?
Yes, they are. BAOFESM1 is the 8-character version of BAOFESM1XXX. XXX simply refers to the head office, so either version routes your payment to Bancofar S.A. in Madrid.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.