SWIFT/BIC code DEEEESM1XXX
DEEEESM1XXX belongs to Banco de Desarrollo Economico Espanol in Madrid, Spain.
Code details
| SWIFT/BIC code | DEEEESM1XXX |
|---|---|
| 8-character code | DEEEESM1 |
| Branch code | XXX |
| Bank | Banco de Desarrollo Economico Espanol |
| Branch | Head office |
| City | Madrid |
| Country | Spain |
How the Banco de Desarrollo Economico Espanol SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- DEEE 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 code DEEEESM1XXX?
DEEEESM1XXX is the SWIFT/BIC code of the headquarters of Banco de Desarrollo Economico Espanol in Madrid, Spain. Use it when you send money to an account at Banco de Desarrollo Economico Espanol.
How long does a transfer to Banco de Desarrollo Economico Espanol take?
SEPA payments in euros normally arrive the next business day, instant payments within seconds. Transfers in other currencies can take 2–4 business days.
Do I need DEEEESM1XXX to send euros to Spain?
Spain is part of the SEPA area. For euro transfers the IBAN normally suffices and many banks fill in the BIC automatically. If you send another currency you still need DEEEESM1XXX.
Are DEEEESM1 and DEEEESM1XXX the same SWIFT code?
Yes, they are. DEEEESM1 is the short version of DEEEESM1XXX. XXX simply refers to the head office, so both routes your payment to Banco de Desarrollo Economico Espanol in Madrid.
What do the letters in DEEEESM1XXX stand for?
DEEE is the institution code of Banco de Desarrollo Economico Espanol, ES stands for Spain, M1 is the location code and XXX marks the head office.
What happens if I enter DEEEESM1XXX with a typo?
The payment may be delayed, returned or charged extra fees. Always check DEEEESM1XXX against the details from Banco de Desarrollo Economico Espanol before you confirm.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.