Ebn Banco de Negocios,s.a.(Ebn Banco) SWIFT/BIC code

SWIFT/BIC code of Ebn Banco de Negocios,s.a.(Ebn Banco)

PROAESMM and PROAESMMXXX are the short and the long form of the same bank identifier, and both point to Ebn Banco de Negocios,s.a.(Ebn Banco) in Madrid. Banks worldwide use these codes to direct payments between countries to the correct bank. In practice you mostly see it on international invoices, in payment forms and in the bank details of Ebn Banco de Negocios,s.a.(Ebn Banco) customers.

On this page you will find what the code means, when you need it and which other details you need for a transfer to or from Ebn Banco de Negocios,s.a.(Ebn Banco). The SWIFT code on its own cannot identify a personal account; that is what the account number or IBAN .

Protect yourself against fake payment requests

Criminals often use fake invoices with changed bank details. The fact that PROAESMM exists does not mean that a request mentioning it is genuine – fraudsters use real bank codes as well.

Verify changed bank details via a different channel like a call to a number from an earlier contract. Be suspicious of time pressure, odd spelling or an email address that differs by one letter. 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 target the receiver: someone claims to have sent more than agreed and asks you to return the extra via a different route. A screenshot of a transfer is no proof; only your own account shows what has arrived.

Euro (EUR) and conversion costs

The currency of Spain is the Euro (EUR). Money sent in a different currency will be exchanged into EUR on its way to Ebn Banco de Negocios,s.a.(Ebn Banco) – and the bank that does it picks the rate. Every conversion eats into something.

Who does the conversion affects how much arrives, as rates and margins differ per bank. Often it is cheaper to send EUR straight away via a provider that converts near the mid-market rate, so that the receiving bank does not need to convert again.

Rates for EUR move all the time, and some providers let you lock in a rate. For regular payments, a slightly better rate add up over a year.

8 or 11 characters: PROAESMM versus PROAESMMXXX

The layout of a BIC never changes: four characters for the institution, two for the country and two for the location, sometimes followed by a branch code. Combined, those parts form PROAESMM.

XXX at the end of PROAESMMXXX is not a placeholder or an error: it stands for the head office of Ebn Banco de Negocios,s.a.(Ebn Banco). Some banking apps insist on 11 characters, and then you can add XXX behind PROAESMM.

Type the code in one piece, in capitals and without separators. A wrong character can send a payment to another bank.

How long does an international transfer to Ebn Banco de Negocios,s.a.(Ebn Banco) take?

An international transfer usually needs anywhere from one to several business days – it depends on currency, route and the banks in between. Weekends and public holidays in either country can add extra days, since banks do not process on those days. Compliance checks by one of the banks can also cause some delay, even when all details are correct.

If a transfer seems late, ask the sending bank about the status and the transaction reference; with that reference banks can see where the payment is. Save your transfer receipt until the recipient confirms – you will need it for any trace request.

A missing payment is investigated by the sending bank, using the payment confirmation. As a recipient, it helps to look at your account for a slightly lower amount.

What to give a sender who pays you at Ebn Banco de Negocios,s.a.(Ebn Banco)

If you are waiting for a payment from another country, give the sender everything they need in one go. Give them your name as the bank knows it, your account number or IBAN, the BIC PROAESMMXXX and your address.

Some sending banks want the name and address of Ebn Banco de Negocios,s.a.(Ebn Banco) in Madrid. A mistake in the IBAN can be harder to fix than it looks; copy them from your banking app rather than typing.

An incoming payment will not always land in full. Charges on incoming payments vary from bank to bank. For business payments, it is common to agree how the fees are split, so that nobody is left short.

Which of the 2 codes of Ebn Banco de Negocios,s.a.(Ebn Banco) do you need?

We have 2 SWIFT/BIC codes for Ebn Banco de Negocios,s.a.(Ebn Banco) in 1 places. Besides the head office code PROAESMMXXX, you will find codes for branches, departments or specific services.

Unless the recipient tells you otherwise, use PROAESMMXXX or its short form PROAESMM. Just use a branch code when the recipient gives you that exact code, for example on a letter or invoice.

When in doubt, check with the recipient for the exact BIC in their bank details. Branch codes are more likely to be retired than the head office code.

SEPA payments and the Ebn Banco de Negocios,s.a.(Ebn Banco) BIC

Spain is a member of the Single Euro Payments Area (SEPA), where euro transfers follow common rules. When you send euros from another SEPA country, you normally only need the IBAN and the BIC is often filled in automatically.

The BIC still come into play when the currency is not euros, and for transfers from outside SEPA. If your banking app asks for the BIC anyway, adding PROAESMM does no harm.

Instant euro transfers have become widely available across SEPA. As long as no currency is converted, a SEPA transfer tends to be cheap; costs rise once a conversion is involved.

How up to date is this code?

The details on this page are taken from publicly available data. Institutions reorganise, close branches and retire codes. The figures on this page are based on our own data, not official figures from Ebn Banco de Negocios,s.a.(Ebn Banco).

Before any payment that matters, confirm the BIC with the recipient’s bank or with the recipient. We are a comparison site and not affiliated with Ebn Banco de Negocios,s.a.(Ebn Banco). Spotted an error? Tell us via our contact form.

Before you send: check the Ebn Banco de Negocios,s.a.(Ebn Banco) code

The most reliable place for the right code is paperwork issued by the bank. Check that code against PROAESMM on this page; if they differ, ask before you pay.

If the code is wrong, the transfer might be delayed, bounce back or cost extra. An error in the IBAN or account number is a bigger problem because it can reach the wrong person.

An automatic check by your bank merely confirms that the IBAN is valid, not that it is the right account. Some banks now compare the payee name with the account before you confirm; take any warning seriously. A small test payment is a sensible step for large sums.

Sending money abroad from Ebn Banco de Negocios,s.a.(Ebn Banco)

When you transfer money abroad through Ebn Banco de Negocios,s.a.(Ebn Banco), the visible fee is rarely all of the cost. There is the fee for the transfer itself, possibly charges from correspondent banks in between and, most importantly, the margin on the exchange rate if the currency changes.

Banks do not show the margin on the rate as a cost – you only notice it if you compare. Check the rate you are offered against the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

For a lot of routes, a transfer service is less expensive than a bank – mostly thanks to the rate. GoldexPay compares transfer providers next to each other so you can see the amount the recipient gets. Choosing a specialist does not require closing your account at Ebn Banco de Negocios,s.a.(Ebn Banco).