SWIFT/BIC code BMRCNIM1XXX
BMRCNIM1XXX belongs to Banco Mercantil in Managua, Nicaragua.
Code details
| SWIFT/BIC code | BMRCNIM1XXX |
|---|---|
| 8-character code | BMRCNIM1 |
| Branch code | XXX |
| Bank | Banco Mercantil |
| Branch | Head office |
| City | Managua |
| Country | Nicaragua |
The way the Banco Mercantil SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- BMRC Bank code
- 4 letters that identify the bank.
- NI 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 code BMRCNIM1XXX?
BMRCNIM1XXX is the SWIFT/BIC code of the main office of Banco Mercantil in Managua, Nicaragua. Use it when you send money to an account at Banco Mercantil.
What happens if I use BMRCNIM1XXX with a typo?
The payment may be delayed, returned or charged extra fees. Double-check BMRCNIM1XXX against the details from Banco Mercantil before sending.
Are BMRCNIM1 and BMRCNIM1XXX the same code?
Yes, they are. BMRCNIM1 is the short version of BMRCNIM1XXX. The XXX at the end only refers to the head office, so either version will reach Banco Mercantil in Managua.
What is the best way to send money to Banco Mercantil in Nicaragua?
Banks often add 1–3% to the exchange rate on top of a fee. Compare what you receive in Nicaragua with transfer services before you send.
What do the letters in BMRCNIM1XXX mean?
BMRC is the bank code of Banco Mercantil, NI stands for Nicaragua, M1 is the location code and XXX means the head office.
Which details do I need to send money to an account at Banco Mercantil?
Have ready the SWIFT/BIC code BMRCNIM1XXX, the IBAN or local account number of the recipient, their full name and address. Nicaragua uses international SWIFT transfers, so always include the BIC.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.