Banco Nacional de Mexico S.A. SWIFT/BIC code

BNMXMXMM – the SWIFT/BIC code of Banco Nacional de Mexico S.A.

The short code BNMXMXMM and the full code BNMXMXMMXXX refer to one and the same institution: Banco Nacional de Mexico S.A. in Mexico, Mexico. Banks worldwide use these codes to direct international transfers to the right institution. You will need it mainly when dealing with payments that cross a border or a currency.

We wrote this page to help anyone who receives money at an account at Banco Nacional de Mexico S.A. and wants to get the details right. Keep in mind that the SWIFT code just identifies the bank, not the account: the account number or IBAN takes care of that.

BNMXMXMM or BNMXMXMMXXX – which one to use?

A BIC is made up of a few fixed parts: the first four letters stand for the bank, the next two give the country and the two after that indicate the location. Combined, these eight characters form BNMXMXMM.

XXX at the end of BNMXMXMMXXX does not stand for a placeholder or a mistake: it stands for the head office of Banco Nacional de Mexico S.A.. Some forms ask for 11 characters, in which case you simply enter XXX behind BNMXMXMM.

Do not add spaces, dots when you type BNMXMXMM; the code is always written in one block. Copying the code is safer than typing it by hand, because one wrong letter changes the bank.

Transfer times and tracking a payment to Banco Nacional de Mexico S.A.

An international transfer typically needs anywhere from one to several business days, depending on the currency, the route and the banks involved. Payments made late in the day or on a weekend or public holiday often go out a business day later. Compliance checks by one of the banks can also add some delay, even when all details are correct.

A growing number of banks are connected to SWIFT gpi. Each payment carries a unique reference, the UETR that banks can use to trace it. Save your transfer receipt until the recipient confirms – you will need it for any trace request.

The bank that sent the money can request a trace or a recall – the recipient’s bank often cannot see a payment that has not arrived. As a recipient, you can check your statements for a slightly lower amount because fees can reduce the amount.

What a transfer from Banco Nacional de Mexico S.A. abroad really costs

The price of a payment abroad is made up of several parts – not just the fee on your screen. On top of the transfer fee, banks in between may deduct a fee, and when currencies are converted, the bank usually uses a rate that is less favourable than the actual market rate.

Many banks rarely list the margin on the rate separately, but you pay it all the same. An easy check: set the bank’s rate next to the mid-market rate and look at the difference.

Money transfer services often use rates closer to the mid-market rate with clearer fees. Before your next transfer, take a minute to compare what arrives via GoldexPay instead of going straight to your bank. Using a transfer service does not require leaving Banco Nacional de Mexico S.A..

Getting paid from abroad into a Banco Nacional de Mexico S.A. account

For an international payment at Banco Nacional de Mexico S.A., the person paying you needs more than the BIC. The basics are: your name, IBAN or account number, BNMXMXMMXXX or BNMXMXMM and, for some countries, your postal address.

The sender’s bank might request the bank address of Banco Nacional de Mexico S.A., in which case the Mexico head office is the usual answer. Double-check the details before you share them – a sender rarely spots a mistake in someone else’s details.

The amount you receive is often less than what was sent. Fees for incoming transfers differ per bank – the price list of Banco Nacional de Mexico S.A. tells you what applies. Make clear with the sender who covers the fees.

Scams that use SWIFT codes

One of the most common tricks works like this: you receive a request claiming that a supplier has a new bank account. A correct SWIFT code says nothing about who owns the account.

Verify new payment details via a separate channel, such as a phone number you already know, not by replying to the message. Be suspicious of time pressure, unusual wording or an email address that differs by one letter. If money was sent to a fraudster, call your bank right away – speed improves the chance of getting it back.

Recipients can be targeted as well: one known trick is an overpayment and then sends a request to send back the difference. A screenshot of a transfer is no proof; only your own account shows what has arrived.

Sending MXN to Banco Nacional de Mexico S.A.

Mexico pays in the Mexican Peso (MXN). If you send another currency, the amount gets converted somewhere along the way: by your bank, an intermediary or Banco Nacional de Mexico S.A. itself. Every conversion costs the amount, even when no fee is shown.

Which bank converts the money matters, because each party uses its own rate. Often it is cheaper if you send MXN directly through a provider that converts near the mid-market rate rather than letting the receiving bank convert.

Exchange rates change during the day – some services let you fix a rate in advance. If you pay regularly, small differences in the rate make a real difference over time.

Which of the 9 codes of Banco Nacional de Mexico S.A. do you need?

Banco Nacional de Mexico S.A. uses 9 separate SWIFT/BIC codes across 5 cities. One of them is the head office code; the others belong to branches.

For the vast majority of incoming transfers, the head office code BNMXMXMMXXX is the right choice. When you receive a specific code, use it as it is instead of replacing it for the head office code.

Not sure which code applies? Check with the recipient or the bank itself. Branch codes are more prone to be retired than BNMXMXMMXXX when a bank merges or closes offices.

About this information

We gather SWIFT/BIC codes using public sources and check our list regularly. Still, banks merge or retire codes and our data may lag behind. The number of codes we show reflect our own data and not on information from Banco Nacional de Mexico S.A. itself.

Treat the information on this page as a handy check, and let the details from the recipient or Banco Nacional de Mexico S.A. have the final say. GoldexPay is an independent comparison service and not part of Banco Nacional de Mexico S.A.. Spotted an error? Tell us via our contact form so we can correct it.

Verifying the SWIFT code of Banco Nacional de Mexico S.A.

The safest source for a SWIFT code is the recipient’s own bank details: an invoice, a bank statement or their online banking. Compare it with BNMXMXMM here.

Mistakes in the SWIFT code tend to be annoying rather than disastrous. An error in the IBAN or account number is more serious; check it just as carefully.

An automatic check by your bank only confirms that the code exists, not that it is the right account. More and more banks compare the payee name against the account before you confirm – do not ignore a mismatch warning. When you pay someone new, many people start with a small test amount before sending the rest.