SWIFT/BIC code BDEPESM1XXX
BDEPESM1XXX belongs to Banco de Depositos, S.A. in Madrid, Spain.
Code details
| SWIFT/BIC code | BDEPESM1XXX |
|---|---|
| 8-character code | BDEPESM1 |
| Branch code | XXX |
| Bank | Banco de Depositos, S.A. |
| Branch | Head office |
| City | Madrid |
| Country | Spain |
The way the Banco de Depositos, S.A. SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- BDEP 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 institution is behind SWIFT code BDEPESM1XXX?
The code BDEPESM1XXX belongs to the head office of Banco de Depositos, S.A. in Madrid, Spain. It is the code to use when a payment to Banco de Depositos, S.A. does not need a specific branch.
What is the cheapest way to send money to Banco de Depositos, S.A.?
Banks often add several percent to the exchange rate on top of a fee. Check what you receive in Euro with transfer services before you send – the difference can be large.
How long does it take to send money to Banco de Depositos, S.A. in Spain?
Euro transfers within SEPA normally arrive the next business day. Payments in other currencies can take 2–4 business days.
Do I need BDEPESM1XXX for a euro transfer to Spain?
Spain is part of the SEPA area. When you send euros the IBAN normally suffices and many banks fill in the BIC automatically. For other currencies you still need BDEPESM1XXX.
Are BDEPESM1 and BDEPESM1XXX the same code?
Yes. BDEPESM1 is the short version of BDEPESM1XXX. The XXX at the end only refers to the head office, so either version will reach Banco de Depositos, S.A. in Madrid.
What happens if I enter BDEPESM1XXX incorrectly?
Your transfer can bounce, get stuck or cost extra. Always check BDEPESM1XXX with the recipient before you confirm.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.