SWIFT/BIC code REDEESM1XXX
REDEESM1XXX belongs to Banque Regionale D'escompte et de Depots in Madrid, Spain.
Code details
| SWIFT/BIC code | REDEESM1XXX |
|---|---|
| 8-character code | REDEESM1 |
| Branch code | XXX |
| Bank | Banque Regionale D'escompte et de Depots |
| Branch | Head office |
| City | Madrid |
| Country | Spain |
How the Banque Regionale D'escompte et de Depots SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- REDE 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 SWIFT/BIC code REDEESM1XXX?
The code REDEESM1XXX belongs to the headquarters of Banque Regionale D'escompte et de Depots in Madrid, Spain. It is the code to use when a payment to Banque Regionale D'escompte et de Depots does not need a specific branch.
Does Banque Regionale D'escompte et de Depots have only one SWIFT/BIC code?
Yes, REDEESM1XXX is the single SWIFT/BIC code we have for Banque Regionale D'escompte et de Depots in Spain, so you do not need to pick a branch code.
What is the best way to send money to Banque Regionale D'escompte et de Depots in Spain?
Banks often add several percent to the exchange rate on top of a fee. Check the amount that arrives in Euro with transfer services before you send – the difference can be large.
How long does it take to send money to Banque Regionale D'escompte et de Depots in Spain?
Euro transfers within SEPA usually arrive within one business day. Transfers in other currencies can take 1–3 business days.
Do I need REDEESM1XXX for a euro transfer to Spain?
Spain belongs to the SEPA area. For euro transfers the IBAN normally suffices. If you send another currency you still need REDEESM1XXX.
Are REDEESM1 and REDEESM1XXX the same SWIFT code?
Yes, they are. REDEESM1 is the short version of REDEESM1XXX. The XXX at the end only means head office, so both will reach Banque Regionale D'escompte et de Depots in Madrid.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.