SWIFT/BIC code WELAESMMFUN
WELAESMMFUN belongs to Portigon AG in Madrid, Spain.
Code details
| SWIFT/BIC code | WELAESMMFUN |
|---|---|
| 8-character code | WELAESMM |
| Branch code | FUN |
| Bank | Portigon AG |
| Branch | Funding Unit |
| City | Madrid |
| Country | Spain |
How the Portigon AG SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- WELA Bank code
- 4 letters that identify the bank.
- ES Country code
- 2 letters for the country (ISO 3166).
- MM Location code
- 2 characters for the city or region of the head office.
- FUN 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 is behind BIC WELAESMMFUN?
WELAESMMFUN identifies Funding Unit, a unit of Portigon AG in Madrid, Spain. Only use it if the account is held at this specific branch.
What does each part of WELAESMMFUN stand for?
WELA is the institution code of Portigon AG, ES is the ISO code of Spain, MM is the location code and FUN identifies the department Funding Unit.
What happens if I use WELAESMMFUN with a typo?
The payment may be delayed, returned or charged extra fees. Always check WELAESMMFUN with the recipient before you confirm.
Can I use WELAESMM instead of WELAESMMFUN?
WELAESMM is the head office of Portigon AG, while WELAESMMFUN points to Funding Unit. For a normal transfer the head office code is usually fine, but follow the instructions of the recipient if they mention WELAESMMFUN.
What is the best way to send money to Portigon AG?
Banks often add 1–3% to the exchange rate on top of a fee. Check what you receive in Euro with transfer services before you send.
How long does a transfer to Portigon AG take?
SEPA payments in euros usually arrive within one business day, instant payments within seconds. Transfers in other currencies can take 2–4 business days.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.