Bancoval Securities Services S.A. SWIFT/BIC code

BVALESMM – the SWIFT/BIC code of Bancoval Securities Services S.A.

Whether you are given BVALESMM or BVALESMMXXX, it is the same address for Bancoval Securities Services S.A. in Spain. The code has a single purpose: it ensures that an international payment ends up at the right bank. In practice you mostly come across the code on international invoices, in payment forms and in the bank details that Bancoval Securities Services S.A. provides.

This page is meant to help people who sends money to an account at Bancoval Securities Services S.A. without mistakes. The SWIFT code on its own cannot identify an individual account holder; that is what the account number or IBAN is for.

Verifying the SWIFT code of Bancoval Securities Services 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 against BVALESMM on this page; if they differ, ask before you pay.

Errors in the SWIFT code tend to be annoying more than fatal – usually the money comes back, minus fees and time lost. An error in the account number is more serious.

Many banking apps validate the format of an IBAN and sometimes look up the BIC automatically. More and more banks compare the payee name against the account; take any warning seriously. Sending a small amount first can be worth it for large sums, even if it costs an extra fee.

What a transfer from Bancoval Securities Services S.A. abroad really costs

If you transfer money to another country via Bancoval Securities Services S.A., the fee you see is rarely all of what you pay. There is the transfer fee, possibly fees charged by intermediary banks along the way and, most importantly, the margin on the exchange rate when the money is converted.

The markup on the rate is often the biggest item because it is hidden in the rate. An easy check: set the bank’s rate against the mid-market rate and look at the difference.

For a lot of routes, a specialist provider turns out to be cheaper than a bank. On GoldexPay you can compare what recipients receive across providers, which makes the cheapest option easy to spot. You can still use your account at Bancoval Securities Services S.A., while a cheaper service handles the conversion.

A note on our data

We collect bank codes using public sources and check them regularly. It can happen that information here is no longer current. Figures such as the number of codes are from our directory and are not confirmed by Bancoval Securities Services S.A..

Use this page as a reference, rather than as the last word – the bank details from the recipient are leading. We are a comparison service for money transfers and not part of Bancoval Securities Services S.A.. Should you notice a mistake, we appreciate a short note.

Bancoval Securities Services S.A.: head office code versus branch codes

With 2 codes, Bancoval Securities Services S.A. belongs to the banks that use separate codes for branches and departments. The main code is BVALESMMXXX.

Usually there is no need to look up a branch: payments addressed to BVALESMMXXX are routed within Bancoval Securities Services S.A. without problems. If you have been given a specific code, stick to it rather than replacing it with the head office code.

The best way is to copy the code directly from the recipient’s invoice. Branch codes are more prone to be retired than BVALESMMXXX.

Why Bancoval Securities Services S.A. has an 8- and an 11-character code

The structure of every SWIFT code never changes: a bank code of four letters, a two-letter country code and two for the location, sometimes followed by a branch code. For Bancoval Securities Services S.A., the 8-character core is BVALESMM.

The 11-character version adds three more characters that identify a branch or department. When those three characters are XXX, the code points to the head office, which is why BVALESMMXXX and BVALESMM lead to the same place.

Leave out spaces or dashes when you enter BVALESMM; the code is always written in one block. Copying the code is safer than typing it by hand.

Changed bank details? Be careful

Fraudsters regularly use payment requests with changed bank details, sometimes in an email that looks completely genuine. The fact that BVALESMM exists does not mean that the account is legitimate.

Always confirm a change of bank details by phone, using a number you already had. Urgency or secrecy are warning signs; a genuine business can wait for you to check. Acted too fast? Call your bank without delay and ask them to start a recall; also report it to the police.

Fraud can also target the receiver. Someone claims to have sent more than agreed and wants you to refund the extra. A payment confirmation from the sender proves nothing – check your own account.

What to give a sender who pays you at Bancoval Securities Services S.A.

When you are waiting for a payment from another country, send the payer everything they need in one go. What they need is: the account holder’s name, IBAN or account number, BVALESMMXXX or BVALESMM and in many cases your postal address.

Certain sending banks also ask for the address of Bancoval Securities Services S.A.; it does no harm to include it. Check every detail before you send them, because the sender’s bank usually copies them as is.

What lands in your account can be less than the amount sent. Correspondent banks can take a fee, Bancoval Securities Services S.A. may charge for incoming payments, and if the money is converted, an exchange rate margin comes on top. Agree with the sender who covers the fees.

Do you need BVALESMM for a SEPA transfer?

Because Spain is part of SEPA, a euro transfer to Bancoval Securities Services S.A. from another SEPA country normally only needs the IBAN. Many banks no longer ask for the BIC in that case or fill it in for you.

The BIC still matter when the currency is not euros, and for transfers from outside SEPA. A few banks and apps also ask for the BIC out of habit; in that case, fill in BVALESMM or BVALESMMXXX.

Euro payments within SEPA usually arrive by the next business day. Fees for SEPA transfers tend to be low.

When will the money arrive at Bancoval Securities Services S.A.?

There is no single delivery time: many arrive the same day or the next. Bank holidays in either country can add extra days. Sometimes a bank wants to know about the purpose of a payment, which can hold things up.

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

If the money does not arrive within the expected time, the person who paid should contact their own bank, not the receiving bank. As a recipient, it helps to look at your account for a slightly lower amount.

The Euro and what conversion costs you

Accounts at Bancoval Securities Services S.A. are usually held in EUR, the local currency. Money sent in a different currency is exchanged into EUR on its way to Bancoval Securities Services S.A., and whoever converts it chooses the rate. Every conversion eats into the amount, even when no fee is shown.

Which bank converts the money makes a difference, because each party uses its own rate. Transferring the money directly in EUR often avoids an extra conversion by Bancoval Securities Services S.A. – as long as your own rate is good.

Exchange rates change all the time, and some providers let you lock in a rate. With bigger transfers, even seemingly small difference in the rate adds up quickly.