Beta Capital S.v.b., S.A. SWIFT/BIC code

Beta Capital S.v.b., S.A. SWIFT code: BECAESM1

The 8-character code BECAESM1 and the full code BECAESM1XXX identify one and the same institution: Beta Capital S.v.b., S.A. in Madrid, Spain. Every bank on the SWIFT network uses BIC codes to direct international transfers to the correct institution. You will need it mostly when dealing with payments that cross a border.

On this page you can read what the code means, when it matters and which other details you need for a transfer to or from Beta Capital S.v.b., S.A.. Keep in mind that the BIC just identifies the bank, not the person: the account number or IBAN takes care of that.

How long does an international transfer to Beta Capital S.v.b., S.A. take?

An international transfer typically needs one to a few business days. Bank holidays in either country can add a day or more to the journey. Occasionally a bank wants to know what the payment is for, which can hold things up.

Many banks use SWIFT gpi. Each payment gets a unique reference, the UETR. Save the payment confirmation until the recipient confirms.

If the money does not arrive after a few business days, the person who paid needs to start with their own bank, not the receiving bank. On the receiving end, you can look at your account to see a partial amount because fees can reduce the amount.

What the XXX in BECAESM1XXX means

The layout of a BIC is always the same: four characters for the institution, two for the country and two for the location, plus an optional branch code. Together, those parts form BECAESM1, the code most people search for.

The long version adds a three-character extension for a branch or department. If the last three are XXX, the code points to the head office.

Type the code in one piece, in upper case and without spaces. Copying the code is safer than retyping it: a typo can point to another bank.

Euro transfers to Beta Capital S.v.b., S.A.: is a BIC needed?

Inside SEPA, euro payments to Beta Capital S.v.b., S.A. follow the same rules, so the IBAN does the job in most cases. The BIC field is usually optional or missing in that case.

You still need BECAESM1XXX when sending payments in other currencies or transfers from countries outside SEPA. A few forms also show a field for the BIC out of habit; if so, enter BECAESM1 or BECAESM1XXX.

Euro payments within SEPA usually arrive by the next business day; instant payments are faster if both banks offer them. Charges on SEPA transfers tend to be low, as long as no currency conversion is involved.

Which of the 2 codes of Beta Capital S.v.b., S.A. do you need?

With 2 codes in 2 cities, Beta Capital S.v.b., S.A. is one of the banks that use separate codes for parts of the organisation. The head office code is BECAESM1XXX.

For the vast majority of payments to a private or business account, the head office code BECAESM1XXX is what you need. Only use a branch code when the recipient explicitly asks for it.

The safest approach is to take the code directly from the recipient’s invoice. Codes are sometimes changed or retired over time, so a code from an old document is not always valid.

Paying into Beta Capital S.v.b., S.A. in EUR

The currency of Spain is the Euro (EUR). A payment in a foreign currency is converted into EUR before it reaches the account – and the bank that does it picks the rate. There is rarely a separate line for that conversion; it is built into the rate.

Who converts the payment matters, because each party uses its own rate. Sending the amount already in EUR usually prevents an extra conversion, provided the rate you get is fair.

Exchange rates move during the day. With bigger transfers, even seemingly small difference in the rate adds up quickly.

Incoming international payments to Beta Capital S.v.b., S.A.

To receive a transfer from abroad at Beta Capital S.v.b., S.A., the person paying you needs more than the BIC. What they need is: the account holder’s name, IBAN or account number, BECAESM1XXX and often your home address.

The sender’s bank may request the address of your bank. Check the details before you share them – a sender rarely spots a mistake in someone else’s details.

What lands in your account is often less than what was sent. Correspondent banks can take a fee, and if the money is converted, an exchange rate margin comes on top. On invoices, you can state how the fees are split, so that nobody is left short.

How up to date is this code?

We collect bank codes from publicly available data and update them from time to time. It can happen that a code here is no longer current after a merger or reorganisation. Figures such as the number of codes come from our own dataset and may differ from what Beta Capital S.v.b., S.A. publishes.

Treat our data as a starting point, not as the final word: the recipient’s bank details come first. GoldexPay is not affiliated with Beta Capital S.v.b., S.A.. Spotted an error? Let us know via our contact form.

What a transfer from Beta Capital S.v.b., S.A. abroad really costs

A bank transfer abroad can cost more than the fee suggests. Besides the transfer fee, correspondent or intermediary banks may deduct a fee, and if the money changes currency the bank usually applies a rate below the real market rate.

Most of the cost usually sits in the exchange rate: the bank converts at a rate with a margin built in. A simple test: put the bank’s rate against the mid-market rate for the same moment and work out the difference on your amount.

Specialist money transfer services often offer a rate near the mid-market rate with clearer fees. GoldexPay compares the amount that arrives with different services, so you can pick the cheapest route. You can always use your account at Beta Capital S.v.b., S.A. to fund the transfer; only the conversion and sending happen elsewhere.

Watch out for payment fraud

One of the most common tricks goes like this: an email arrives with a message claiming that a company has a new bank account and that the next payment should go there. That BECAESM1 is a real code is no guarantee that the account is genuine.

Always verify a change of bank details by phone on a number you know, not one from the message. Urgency or secrecy are warning signs – a real supplier can wait a day. If a payment was sent to the wrong account, call your bank right away: the sooner they act, the better the chance of a recall.

Fraud also work the other way. Someone sends more than agreed and wants you to return the difference. A payment confirmation from the sender proves nothing; only your own account shows what has arrived.

Before you send: check the Beta Capital S.v.b., S.A. code

Have the recipient copy the bank details directly from a recent statement. If the code you have differs from BECAESM1 or BECAESM1XXX, do not guess.

An incorrect BIC may lead to delays, a payment being sent back or additional charges along the way. Remember the account number: an error there can be harder to correct than a wrong BIC.

Most online banking apps validate the structure of IBANs and sometimes look up the BIC automatically. Some banks now check the name against the account before you confirm. Sending a small amount first can be a sensible step for a large first payment.