SWIFT/BIC code CADRESM1XXX
CADRESM1XXX belongs to M and B Capital Advisers, Sociedad de Valores, S.. in Madrid, Spain.
Code details
| SWIFT/BIC code | CADRESM1XXX |
|---|---|
| 8-character code | CADRESM1 |
| Branch code | XXX |
| Bank | M and B Capital Advisers, Sociedad de Valores, S.. |
| Branch | Head office |
| City | Madrid |
| Country | Spain |
The way the M and B Capital Advisers, Sociedad de Valores, S.. SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- CADR 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
What bank uses SWIFT code CADRESM1XXX?
CADRESM1XXX identifies the main office of M and B Capital Advisers, Sociedad de Valores, S.. in Madrid, Spain. It is the code to use when a payment to M and B Capital Advisers, Sociedad de Valores, S.. does not need a specific branch.
What do the letters in CADRESM1XXX mean?
CADR is the bank code of M and B Capital Advisers, Sociedad de Valores, S.., ES stands for Spain, M1 is the code for the city or region and XXX means the main office.
What is the best way to send money to M and B Capital Advisers, Sociedad de Valores, S.. in Spain?
Banks often add 1–3% to the exchange rate on top of a fee. Check the amount that arrives in Euro with specialist providers before you send – the difference can be large.
Does M and B Capital Advisers, Sociedad de Valores, S.. use only one SWIFT/BIC code?
Yes – CADRESM1XXX is the single SWIFT/BIC code listed for M and B Capital Advisers, Sociedad de Valores, S.. in Spain, so there is no branch code to choose.
What happens if I use CADRESM1XXX incorrectly?
The payment may be delayed, returned or charged extra fees. Double-check CADRESM1XXX against the details from M and B Capital Advisers, Sociedad de Valores, S.. before you confirm.
Do I need CADRESM1XXX to send euros to Spain?
Spain belongs to the SEPA area. For euro transfers the IBAN is usually enough and many banks fill in the BIC automatically. For other currencies you still need CADRESM1XXX.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.