SWIFT/BIC code SCSUESM1XXX
SCSUESM1XXX belongs to Schroder Securities Sv SA in Madrid, Spain.
Code details
| SWIFT/BIC code | SCSUESM1XXX |
|---|---|
| 8-character code | SCSUESM1 |
| Branch code | XXX |
| Bank | Schroder Securities Sv SA |
| Branch | Head office |
| City | Madrid |
| Country | Spain |
How the Schroder Securities Sv SA SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- SCSU 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 SCSUESM1XXX?
The code SCSUESM1XXX belongs to the main office of Schroder Securities Sv SA in Madrid, Spain. Use it when a payment to Schroder Securities Sv SA does not need a specific branch.
What does each part of SCSUESM1XXX stand for?
SCSU is the bank code of Schroder Securities Sv SA, ES stands for Spain, M1 is the location code and XXX means the main office.
What is the best way to send money to Schroder Securities Sv SA in Spain?
Banks often add 1–3% to the exchange rate on top of a fee. Check the amount that arrives in Euro with specialist providers before you send.
Are SCSUESM1 and SCSUESM1XXX the same SWIFT code?
Yes. SCSUESM1 is the 8-character version of SCSUESM1XXX. XXX simply refers to the head office, so both routes your payment to Schroder Securities Sv SA in Madrid.
How long does it take to send money to Schroder Securities Sv SA?
Euro transfers within SEPA normally arrive the next business day, instant payments within seconds. Transfers in other currencies can take 1–3 business days.
Do I need SCSUESM1XXX to send euros to Spain?
Spain belongs to the SEPA area. For euro transfers the IBAN is usually enough. For other currencies you do need SCSUESM1XXX.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.