SWIFT/BIC code CHAGESM1XXX
CHAGESM1XXX belongs to Chemical Asset Management in Madrid, Spain.
Code details
| SWIFT/BIC code | CHAGESM1XXX |
|---|---|
| 8-character code | CHAGESM1 |
| Branch code | XXX |
| Bank | Chemical Asset Management |
| Branch | Head office |
| City | Madrid |
| Country | Spain |
The way the Chemical Asset Management SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- CHAG 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/BIC code CHAGESM1XXX?
CHAGESM1XXX identifies the head office of Chemical Asset Management in Madrid, Spain. It is the code to use when a payment to Chemical Asset Management does not need a specific branch.
What does each part of CHAGESM1XXX stand for?
CHAG is the institution code of Chemical Asset Management, ES stands for Spain, M1 is the code for the city or region and XXX means the main office.
Does Chemical Asset Management have only one SWIFT/BIC code?
Yes, CHAGESM1XXX is the only SWIFT/BIC code listed for Chemical Asset Management in Spain, so there is no branch code to choose.
Is CHAGESM1 and CHAGESM1XXX the same SWIFT code?
Yes. CHAGESM1 is the 8-character version of CHAGESM1XXX. XXX simply refers to the head office, so either version will reach Chemical Asset Management in Madrid.
What is the best way to send money to Chemical Asset Management in Spain?
Many banks add 1–3% to the exchange rate on top of a fee. Compare the amount that arrives in Euro with transfer services before you send.
Do I need CHAGESM1XXX for a euro transfer 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 CHAGESM1XXX.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.