Abanca Corporacion Bancaria, S.A. SWIFT/BIC code

What CAGLESMM means for a payment to Abanca Corporacion Bancaria, S.A.

The 8-character code CAGLESMM and the 11-character code CAGLESMMXXX refer to the same bank: Abanca Corporacion Bancaria, S.A. in Betanzos, Spain. Banks worldwide use BIC codes to route payments between countries to the correct bank. In daily life you usually see it on invoices from abroad, in your banking app and on the account details of Abanca Corporacion Bancaria, S.A. customers.

This page is meant to help anyone who receives money at an account at Abanca Corporacion Bancaria, S.A. and wants to get the details right. The SWIFT code on its own cannot identify a personal account; that is what the IBAN or account number .

Which of the 7 codes of Abanca Corporacion Bancaria, S.A. do you need?

Our directory lists 7 SWIFT/BIC codes for Abanca Corporacion Bancaria, S.A., spread over 4 locations. Next to the head office code CAGLESMMXXX, you will find codes for branches, departments or specific services.

In most cases you do not need to look up a branch: transfers addressed to CAGLESMMXXX are routed within Abanca Corporacion Bancaria, S.A. without problems. When you receive a branch code, stick to it instead of swapping it with the head office code.

The safest route is to copy the code straight from the account holder’s statement. Branch codes are more likely to be retired than CAGLESMMXXX when a bank merges or closes offices.

Paying someone abroad from your Abanca Corporacion Bancaria, S.A. account

The price of an international transfer has several parts, and the transfer fee is only the most visible one. You pay the fee for the transfer itself, sometimes charges from correspondent banks in between and, most importantly, the margin on the exchange rate.

Banks rarely show their exchange rate markup separately, but you pay it all the same. A simple test: set the rate you get next to the mid-market rate and work out the difference on your amount.

For many currency pairs, a transfer service turns out to be less expensive than a traditional bank transfer – mostly thanks to the rate. On GoldexPay you can compare the amount that arrives with different services, which makes the cheapest option easy to spot. Choosing a specialist does not require closing your account at Abanca Corporacion Bancaria, S.A.: you simply pay the service from your account.

Verifying the SWIFT code of Abanca Corporacion Bancaria, S.A.

The safest source for the BIC is the recipient’s own bank details. If the code you have does not match CAGLESMM or CAGLESMMXXX, stop and ask.

Mistakes in the SWIFT code tend to be costly rather than fatal. Do not forget the IBAN: a mistake there can be more difficult to correct than a wrong code.

Many banking apps check the format of IBANs and sometimes look up the BIC automatically. More and more banks compare the payee name with the account before you confirm. A small test payment can be worth it for a large first payment.

Euro (EUR) and conversion costs

Spain pays in the Euro (EUR). A payment in a foreign currency will be exchanged into EUR. There is rarely a separate charge for the conversion; it is built into the rate.

Who converts the payment matters, because each party uses its own rate. Sending the money directly in EUR often prevents an extra conversion at the receiving end, provided the rate you get is fair.

The rate for EUR changes throughout the day, so the amount you see is usually only valid for a short time. On larger amounts, even seemingly small difference in the rate adds up quickly.

Receiving money from abroad at Abanca Corporacion Bancaria, S.A.

To receive a transfer from abroad into your account at Abanca Corporacion Bancaria, S.A., the person paying you needs not just the SWIFT code. That means: your full name exactly as it appears on the account, your IBAN or account number, the BIC CAGLESMMXXX and, often, your postal address.

Certain banks also ask for the name and address of Abanca Corporacion Bancaria, S.A.. A typo in your account number can be more trouble than it looks; copy them from your banking app rather than typing.

What lands in your account is often lower than what was sent. Charges on incoming payments differ from bank to bank. For business payments, it is common to state who bears the costs to avoid a shortfall.

When will the money arrive at Abanca Corporacion Bancaria, S.A.?

There is no fixed answer for every transfer: some arrive within a day. Transfers sent after the cut-off time or just before a weekend or public holiday often go out a business day later. Extra checks by one of the banks may also cause a delay.

Many banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Every payment carries a unique reference, the UETR. Save the payment confirmation – you will need it for any trace request.

The bank that sent the money is able to start an official trace or a recall. As a recipient, you can look at your statements for a slightly lower amount.

About this information

The directory on GoldexPay is compiled from publicly available sources. It can happen that information here is no longer current. The number of codes we show are based on what is in our directory, not official figures from Abanca Corporacion Bancaria, S.A..

Use our data as a reference, rather than as the last word. GoldexPay has no connection to Abanca Corporacion Bancaria, S.A.; we are a comparison site for money transfers. If you notice a mistake, we appreciate a short note via the contact page.

Why Abanca Corporacion Bancaria, S.A. has an 8- and an 11-character code

A BIC is made up of fixed blocks: the first four letters stand for the bank, characters five and six give the country and characters seven and eight mark the location. In this case, that core is CAGLESMM.

The 11-character version adds three more characters that identify a branch or department. If the last three are XXX, they simply mean the head office, so CAGLESMMXXX and CAGLESMM are interchangeable.

Enter the code in one piece, in capitals and without separators. Look out for O versus 0 or I versus 1, a common source of typos.

Do you need CAGLESMM for a SEPA transfer?

Since Spain is in the SEPA zone, a euro transfer into Abanca Corporacion Bancaria, S.A. from within the SEPA area usually requires just an IBAN. Most banking apps no longer ask for the BIC in that case or fill it in for you.

Outside the euro and from non-SEPA countries, CAGLESMMXXX or CAGLESMM is still part of the payment details. If a payment form has a field for the BIC anyway, entering CAGLESMM does no harm.

SEPA transfers normally land within one business day; instant payments are faster if both banks offer them. Provided the payment stays in euros, a SEPA transfer is cheap; costs rise once a conversion is involved.

Protect yourself against fake payment requests

Scammers regularly send fake invoices containing changed bank details. That CAGLESMM is a real code is no guarantee that the account is legitimate; criminals use the codes of real banks too.

Do not trust contact details from the same email that contains the change. Pressure and secrecy are red flags; a genuine business can wait for you to check. Already paid? Call your bank straight away and ask them to start a recall and report the fraud.

Recipients can be targeted as well: a classic trick is a buyer who pays too much and then sends a request to send back the difference abroad. Do not act before the money is actually in your account and check with Abanca Corporacion Bancaria, S.A. if anything seems off.