SWIFT/BIC code COYTESM1XXX
COYTESM1XXX belongs to Sociedad Estatal Correos y Telegrafos, S.A. in Madrid, Spain.
Code details
| SWIFT/BIC code | COYTESM1XXX |
|---|---|
| 8-character code | COYTESM1 |
| Branch code | XXX |
| Bank | Sociedad Estatal Correos y Telegrafos, S.A. |
| Branch | Head office |
| City | Madrid |
| Country | Spain |
The way the Sociedad Estatal Correos y Telegrafos, S.A. SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- COYT 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 is behind SWIFT/BIC code COYTESM1XXX?
The code COYTESM1XXX belongs to the main office of Sociedad Estatal Correos y Telegrafos, S.A. in Madrid, Spain. It is the code to use when a payment to Sociedad Estatal Correos y Telegrafos, S.A. does not need a specific branch.
What happens if I use COYTESM1XXX with a typo?
The payment may be delayed, returned or charged extra fees. Always check COYTESM1XXX against the details from Sociedad Estatal Correos y Telegrafos, S.A. before you confirm.
Are COYTESM1 and COYTESM1XXX the same SWIFT code?
Yes. COYTESM1 is the 8-character version of COYTESM1XXX. XXX simply refers to the head office, so both will reach Sociedad Estatal Correos y Telegrafos, S.A. in Madrid.
How long does a transfer to Sociedad Estatal Correos y Telegrafos, S.A. take?
SEPA payments in euros usually arrive within one business day. Transfers in other currencies can take 2–4 business days.
Do I need COYTESM1XXX for a euro transfer to Spain?
Spain is part of the SEPA area. For euro transfers the IBAN is usually enough. If you send another currency you do need COYTESM1XXX.
What does each part of COYTESM1XXX stand for?
COYT is the bank code of Sociedad Estatal Correos y Telegrafos, S.A., ES stands for Spain, M1 is the code for the city or region and XXX marks the main office.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.