SWIFT/BIC code ESCCESM1XXX
ESCCESM1XXX belongs to Espaclear, Sistemas de Compensacion de Activos Financieros SA/Av in Madrid, Spain.
Code details
| SWIFT/BIC code | ESCCESM1XXX |
|---|---|
| 8-character code | ESCCESM1 |
| Branch code | XXX |
| Bank | Espaclear, Sistemas de Compensacion de Activos Financieros SA/Av |
| Branch | Head office |
| City | Madrid |
| Country | Spain |
How the Espaclear, Sistemas de Compensacion de Activos Financieros SA/Av SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- ESCC 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 uses BIC ESCCESM1XXX?
The code ESCCESM1XXX belongs to the main office of Espaclear, Sistemas de Compensacion de Activos Financieros SA/Av in Madrid, Spain. Use it when a payment to Espaclear, Sistemas de Compensacion de Activos Financieros SA/Av does not need a specific branch.
How long does a transfer to Espaclear, Sistemas de Compensacion de Activos Financieros SA/Av take in Spain?
Euro transfers within SEPA normally arrive the next business day, instant payments within seconds. Payments in other currencies can take 2–4 business days.
Do I need ESCCESM1XXX for a euro transfer to Spain?
Spain is part of the SEPA area. When you send euros the IBAN is usually enough and many banks fill in the BIC automatically. For other currencies you do need ESCCESM1XXX.
Are ESCCESM1 and ESCCESM1XXX the same SWIFT code?
Yes. ESCCESM1 is the 8-character version of ESCCESM1XXX. The XXX at the end only refers to the head office, so both will reach Espaclear, Sistemas de Compensacion de Activos Financieros SA/Av in Madrid.
Does Espaclear, Sistemas de Compensacion de Activos Financieros SA/Av use only one SWIFT/BIC code?
Yes, ESCCESM1XXX is the single SWIFT/BIC code we have for Espaclear, Sistemas de Compensacion de Activos Financieros SA/Av in Spain, so you do not need to pick a branch code.
What happens if I enter ESCCESM1XXX incorrectly?
The payment may be delayed, returned or charged extra fees. Double-check ESCCESM1XXX against the details from Espaclear, Sistemas de Compensacion de Activos Financieros SA/Av before sending.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.