Banco Popular Espanol, S.A. SWIFT/BIC code

Banco Popular Espanol, S.A. SWIFT code: POPUESMM

The 8-character code POPUESMM and the 11-character code POPUESMMXXX identify one and the same institution: Banco Popular Espanol, S.A., with its head office in Madrid. The code has a single purpose: it ensures that a cross-border transfer ends up at the right bank. You will need it mostly when dealing with transfers between countries or a currency.

Below you will find the practical questions: money coming in from abroad, sending money abroad and how to verify a SWIFT code before you confirm a payment. Keep in mind that the SWIFT code just identifies the bank, not the person: the IBAN or account number takes care of that.

Sending EUR to Banco Popular Espanol, S.A.

Accounts at Banco Popular Espanol, S.A. are usually held in EUR, the local currency of Spain. Money sent in a different currency will be converted into EUR before it reaches the account. Each conversion costs the amount – usually through the rate rather than a fee.

Which bank converts the payment matters: every bank has its own margin. Often you pay less to send EUR straight away through a provider that converts near the mid-market rate, so that the receiving bank does not need to convert again.

The EUR rate fluctuates constantly, so the amount you see is usually only valid for a short time. For recurring payments, small differences in the rate make a real difference over time.

A note on our data

We gather bank codes from public sources and update our list from time to time. Institutions merge, close branches and retire codes, and a directory never catches every change immediately. Figures such as the number of codes come from our directory and may differ from what Banco Popular Espanol, S.A. publishes.

Before a payment of any size, always confirm the BIC with Banco Popular Espanol, S.A. or the recipient. GoldexPay is a comparison service and not part of Banco Popular Espanol, S.A.. Spotted outdated information? Tell us through the contact page and we will look into it.

Head office or branch code at Banco Popular Espanol, S.A.?

Our database contains 6 SWIFT/BIC codes for Banco Popular Espanol, S.A.. Besides the head office code POPUESMMXXX, you will find codes for regional offices and specialised units.

For most incoming transfers, the head office code POPUESMMXXX is the right choice. If you have been given a branch code, stick to it instead of swapping it with the head office code.

When in doubt, ask the person you are paying which code their bank gave them. Branch codes are sometimes changed or retired over time, so do not rely on old paperwork.

Transfer times and tracking a payment to Banco Popular Espanol, S.A.

How quickly a payment arrives at Banco Popular Espanol, S.A. depends on a few things: which currency you send, how many intermediary banks are involved, daily processing deadlines and differences in time zone. Payments made late in the day or on a weekend or public holiday often start the next business day. Extra checks on larger or unusual payments may also add a delay, regardless of the details.

If a transfer seems delayed, contact the sending bank about the tracking status or the UETR so they can trace it along the chain. Specialist transfer services usually provide a status online showing where the money is.

If a payment has not arrived after a few business days, the person who paid should start with the bank that sent it. As a recipient, it helps to look at your account to see a slightly lower amount.

Paying Banco Popular Espanol, S.A. in euros within SEPA

Spain belongs to the Single Euro Payments Area (SEPA), the zone for standardised euro payments. For a standard euro transfer within SEPA, you normally only need the IBAN.

A SWIFT code like POPUESMM does come into play for payments in other currencies and when the money comes from outside SEPA. If your banking app has a field for the BIC regardless, entering POPUESMM does no harm.

Euro payments within SEPA usually arrive by the next business day; instant payments are faster if both banks offer them. Fees for SEPA payments are generally low as long as everything stays in euros.

Scams that use SWIFT codes

Fraudsters often use fake invoices containing changed bank details. That POPUESMM is a real code does not mean that the account is legitimate; criminals use the codes of real banks too.

Before paying, verify changed bank details through a phone call. Pressure and secrecy tend to be warning signs. If money has already gone to the wrong account, contact your bank immediately.

Fraud also work the other way: someone claims to have sent more than agreed and wants you to refund the difference to a new account. Wait until the money is actually in your account – ask Banco Popular Espanol, S.A. if something looks wrong.

How to check POPUESMM before you pay

Ask the recipient to send you the bank details directly from a recent statement. If the code you have does not match POPUESMM or POPUESMMXXX, stop and ask.

Errors in the SWIFT code are costly more than fatal: often the payment comes back, minus fees. Remember the IBAN: an error there can be more difficult to undo than a wrong BIC.

Most online banking apps validate the format of an IBAN and sometimes look up the BIC automatically – that confirms the format, not the owner. Where available, a name check before sending gives extra certainty. A small test payment can be a sensible step for large sums.

What to give a sender who pays you at Banco Popular Espanol, S.A.

If you are waiting for money from abroad, give the sender everything they need in one go. Share the account holder’s name, your account number or IBAN, SWIFT code POPUESMMXXX and your address, which some banks require.

Their bank might also ask for the bank address of Banco Popular Espanol, S.A.. Double-check every detail before you share them.

Expect that the incoming amount is smaller than what the sender paid. Fees for incoming transfers differ from bank to bank. For business payments, it is common to agree how the fees are split to avoid a shortfall.

What a transfer from Banco Popular Espanol, S.A. abroad really costs

When you transfer money to another country via Banco Popular Espanol, S.A., the fee you see is rarely all of what you pay. You pay the transfer fee, possibly fees charged by intermediary banks in between and, above all, the exchange rate markup when the money is converted.

The real cost is often in the rate, not in the fee: many banks convert using an exchange rate that includes a margin. Check their rate with the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

Specialist money transfer services often offer rates closer to the mid-market rate and lower fees. GoldexPay lists these services side by side so you can see what actually arrives before you commit. Choosing a specialist does not require closing your account at Banco Popular Espanol, S.A.: you simply pay the service from your account.

Why Banco Popular Espanol, S.A. has an 8- and an 11-character code

Each SWIFT/BIC code has an 8-character core: a four-letter bank code, two letters for the country and two characters for the location. Together, these eight characters form POPUESMM.

Many banks and apps accept both lengths. If a form requires eleven characters, enter POPUESMMXXX; if it wants eight, use POPUESMM.

Enter the code in one piece, in capitals and without spaces. A wrong letter may route a payment to another bank.