SWIFT/BIC code ROYCESM1XXX
ROYCESM1XXX belongs to Royal Bank of Canada in Madrid, Spain.
Code details
| SWIFT/BIC code | ROYCESM1XXX |
|---|---|
| 8-character code | ROYCESM1 |
| Branch code | XXX |
| Bank | Royal Bank of Canada |
| Branch | Head office |
| City | Madrid |
| Country | Spain |
How the Royal Bank of Canada SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- ROYC 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
What bank is behind BIC ROYCESM1XXX?
The code ROYCESM1XXX belongs to the head office of Royal Bank of Canada in Madrid, Spain. Use it when a payment to Royal Bank of Canada does not need a specific branch.
How long does a transfer to Royal Bank of Canada take?
SEPA payments in euros normally arrive the next business day. Transfers in other currencies can take 2–4 business days.
Do I need ROYCESM1XXX to send euros to Spain?
Spain belongs to the SEPA area. When you send euros the IBAN normally suffices and many banks fill in the BIC automatically. If you send another currency you do need ROYCESM1XXX.
What do the letters in ROYCESM1XXX stand for?
ROYC is the institution code of Royal Bank of Canada, ES stands for Spain, M1 is the location code and XXX marks the main office.
Is ROYCESM1 and ROYCESM1XXX the same SWIFT code?
Yes. ROYCESM1 is the 8-character version of ROYCESM1XXX. The XXX at the end only means head office, so either version routes your payment to Royal Bank of Canada in Madrid.
What is the cheapest way to send money to Royal Bank of Canada?
Many banks add several percent to the exchange rate on top of a fee. Check the amount that arrives in Euro with specialist providers before you send – the difference can be large.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.