SWIFT/BIC code SHSAESM1XXX
SHSAESM1XXX belongs to Banco Sygma Hispania in Madrid, Spain.
Code details
| SWIFT/BIC code | SHSAESM1XXX |
|---|---|
| 8-character code | SHSAESM1 |
| Branch code | XXX |
| Bank | Banco Sygma Hispania |
| Branch | Head office |
| City | Madrid |
| Country | Spain |
How the Banco Sygma Hispania SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- SHSA 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 SHSAESM1XXX?
SHSAESM1XXX identifies the headquarters of Banco Sygma Hispania in Madrid, Spain. It is the code to use when a payment to Banco Sygma Hispania does not need a specific branch.
What does each part of SHSAESM1XXX stand for?
SHSA is the bank code of Banco Sygma Hispania, ES stands for Spain, M1 is the code for the city or region and XXX means the main office.
Does Banco Sygma Hispania have only one SWIFT/BIC code?
Yes – SHSAESM1XXX is the single SWIFT/BIC code listed for Banco Sygma Hispania in Spain, so there is no branch code to choose.
What is the cheapest way to send money to Banco Sygma Hispania in Spain?
Many banks add several percent to the exchange rate on top of a fee. Check what you receive in Euro with specialist providers before you send – the difference can be large.
What happens if I enter SHSAESM1XXX with a typo?
The payment may be delayed, returned or charged extra fees. Always check SHSAESM1XXX with the recipient before you confirm.
Do I need SHSAESM1XXX for a euro transfer to Spain?
Spain is part of the SEPA area. When you send euros the IBAN is usually enough and many banks fill in the BIC automatically. For other currencies you do need SHSAESM1XXX.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.