SWIFT/BIC code PEXSPTP1XXX
PEXSPTP1XXX belongs to Pexsettle in Lisbon, Portugal.
Code details
| SWIFT/BIC code | PEXSPTP1XXX |
|---|---|
| 8-character code | PEXSPTP1 |
| Branch code | XXX |
| Bank | Pexsettle |
| Branch | Head office |
| City | Lisbon |
| Country | Portugal |
How the Pexsettle SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- PEXS Bank code
- 4 letters that identify the bank.
- PT Country code
- 2 letters for the country (ISO 3166).
- P1 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 institution is behind SWIFT/BIC code PEXSPTP1XXX?
PEXSPTP1XXX is the SWIFT/BIC code of the head office of Pexsettle in Lisbon, Portugal. Use it when you send money to an account at Pexsettle.
What happens if I use PEXSPTP1XXX incorrectly?
The payment may be delayed, returned or charged extra fees. Double-check PEXSPTP1XXX with the recipient before sending.
Is PEXSPTP1 and PEXSPTP1XXX the same code?
Yes, they are. PEXSPTP1 is the short version of PEXSPTP1XXX. The XXX at the end only means head office, so either version will reach Pexsettle in Lisbon.
Do I need PEXSPTP1XXX to send euros to Portugal?
Portugal is part of the SEPA area. For euro transfers the IBAN is usually enough and many banks fill in the BIC automatically. If you send another currency you do need PEXSPTP1XXX.
How long does it take to send money to Pexsettle?
SEPA payments in euros normally arrive the next business day. Payments in other currencies can take 2–4 business days.
What is the best way to send money to Pexsettle in Portugal?
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.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.