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SWIFT/BIC code ESPBESM1OFI

ESPBESM1OFI belongs to Banco de Espana in Madrid, Spain.

ESPBESM1OFI

Code details

SWIFT/BIC codeESPBESM1OFI
8-character codeESPBESM1
Branch codeOFI
BankBanco de Espana
BranchOfi
CityMadrid
CountrySpain

How the Banco de Espana SWIFT/BIC works

A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:

ESPB 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.
OFI 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 is behind SWIFT code ESPBESM1OFI?

ESPBESM1OFI identifies Ofi, a unit of Banco de Espana in Madrid, Spain. Use this branch code only when the account is held at this specific branch.

Does Banco de Espana have other SWIFT/BIC codes?

Yes – we list 56 SWIFT/BIC codes for Banco de Espana in Spain. All of them are listed on the page of Banco de Espana.

What happens if I use ESPBESM1OFI incorrectly?

The payment may be delayed, returned or charged extra fees. Always check ESPBESM1OFI with the recipient before you confirm.

Can I use ESPBESM1 instead of ESPBESM1OFI?

ESPBESM1 points to the head office of Banco de Espana, while ESPBESM1OFI is Ofi. For a normal transfer the head office code is usually fine, but use ESPBESM1OFI if the recipient asks for it.

Do I need ESPBESM1OFI to send euros to Spain?

Spain belongs to the SEPA area. When you send euros the IBAN normally suffices. If you send another currency you do need ESPBESM1OFI.

How long does a transfer to Banco de Espana take in Spain?

Euro transfers within SEPA normally arrive the next business day. Payments in other currencies can take 1–3 business days.

Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.