Commerzbank AG SWIFT/BIC code

SWIFT/BIC code of Commerzbank AG

COBAESMX and COBAESMXXXX are two spellings of the same bank identifier, and both point to Commerzbank AG in Madrid. A SWIFT code tells the sending bank exactly which bank is meant to get the money, a bit like a postal address for banks. You will need it mostly when dealing with payments that cross a border.

On this page we explain how the code means, when you need it and what else you need for a transfer to or from Commerzbank AG. The SWIFT code on its own cannot identify a personal account; for that you need the account number or IBAN .

Sending EUR to Commerzbank AG

Spain uses the Euro. If you send money in a different currency, the amount gets converted at some point. Every conversion eats into the amount – usually through the rate rather than a fee.

Who converts the payment makes a difference. Sending the money already in EUR often prevents a second conversion, provided the rate you get is fair.

Rates for EUR change during the day. With bigger transfers, even small gap in the rate can be worth more than the fee.

About this information

The directory on GoldexPay draws on public sources. Even so, banks merge or change codes and our data may lag behind. The number of codes on this page reflect what is in our directory, not official figures from Commerzbank AG.

See our directory on this page as a handy check, and let the details from the recipient or Commerzbank AG have the final say. We are an independent comparison service and not affiliated with Commerzbank AG. If you notice a mistake, we appreciate a short note.

When will the money arrive at Commerzbank AG?

A SWIFT payment usually takes one to a few business days, depending on the currency, the route and the banks involved. Weekends and public holidays in either country add extra days to the journey. Compliance checks by one of the banks can also add a delay, even when all details are correct.

Many banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Each payment carries a unique transaction reference, the UETR that banks can use to trace it. Specialist transfer services usually provide a status online so you can see how far the payment is.

If a payment has not arrived after a few business days, the sender needs to contact their own bank. Request from the sender the payment receipt including the reference.

Paying someone abroad from your Commerzbank AG account

The price of an international transfer has more than one component – not just the fee on your screen. There is the fee for the transfer itself, possibly charges from correspondent banks along the way and, above all, the exchange rate markup when the money is converted.

Most of the cost usually sits in the exchange rate, rather than in the fee: the bank converts at a rate with a margin built in. Check the rate you are offered with the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

Specialist money transfer services often offer rates closer to the mid-market rate with clearer fees. GoldexPay compares these services next to each other so you can see what actually arrives before you commit. You can still keep your account at Commerzbank AG, while a cheaper service handles the conversion.

Commerzbank AG: head office code versus branch codes

Having 3 codes in 2 locations, Commerzbank AG is one of the banks that use individual codes for branches and departments. The head office code is COBAESMXXXX.

In most cases there is no need to pick a branch: payments sent to COBAESMXXXX reach Commerzbank AG without problems. Only use a branch code when the recipient explicitly asks for it.

When in doubt, ask the person you are paying for the exact BIC in their bank details. Branch codes are more likely to be retired than COBAESMXXXX.

Do you need COBAESMX for a SEPA transfer?

Spain is part of the SEPA area. When you send euros within SEPA, you normally only need the IBAN; many banks no longer ask for the BIC.

For anything other than euros and from non-SEPA countries, COBAESMXXXX remains required. Some banks and apps still show a field for the BIC; in that case, enter COBAESMX.

Instant payments in euros have become increasingly supported within SEPA. As long as the payment stays in euros, a SEPA transfer is cheap.

Verifying the SWIFT code of Commerzbank AG

The most reliable source for the BIC is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. Check that code with COBAESMX on this page; if they differ, ask before you pay.

Errors in the SWIFT code are costly more than disastrous. Remember the IBAN: a mistake there can be harder to correct than a wrong BIC.

Many banking apps validate the structure of IBANs and some suggest the matching BIC, but that does not prove the account belongs to the right person. If your bank offers it, a payee name check before sending gives extra certainty. When you pay someone new, some people start with a small test amount.

COBAESMX or COBAESMXXXX – which one to use?

Every SWIFT/BIC code has the same eight core characters: a four-letter bank code, a two-letter country code and two characters for the location. For Commerzbank AG, that core is COBAESMX.

The full version has three more characters for a branch or department. If the last three are XXX, the code points to the head office, so COBAESMXXXX and COBAESMX are interchangeable.

Type the code in one piece, in capitals and without spaces. Watch for the letter O and the digit 0 or I versus 1; they are easy to mix up.

Protect yourself against fake payment requests

Scammers often send payment requests with changed bank details sent from what looks like a familiar address. The fact that COBAESMX exists does not mean that the account is legitimate.

Do not rely on a phone number from the same email that contains the new account. Be suspicious of urgent requests, odd spelling or an email address that differs by one letter. Already paid? Contact your bank without delay and have them start a recall and report the fraud.

People receiving money can be targeted as well: a classic trick is an overpayment and then sends a request to send back the difference to another account. A payment confirmation from the sender proves nothing; only your own account shows what has arrived.

Incoming international payments to Commerzbank AG

If you expect money from abroad, send the payer all details at once. That means: your name exactly as it appears on the account, your IBAN or account number, the SWIFT/BIC code COBAESMXXXX (or COBAESMX) and, often, your address.

Their bank may request the address of your bank; the head office in Madrid is usually fine. A typo in your account number is more trouble than it looks.

What lands in your account can be lower than what was sent. Charges on incoming payments vary per bank. Agree with the sender who covers the fees before the money is sent.