Haitong Bank, SA Sucursal Espana SWIFT/BIC code

ESSIESMM – the SWIFT/BIC code of Haitong Bank, SA Sucursal Espana

Whether a recipient gives you ESSIESMM or ESSIESMMXXX, you are looking at the same address for Haitong Bank, SA Sucursal Espana in Spain. A SWIFT code shows every bank in the chain which institution is meant to get the money. In daily life you mostly come across it on international invoices, in payment forms and on the account details that Haitong Bank, SA Sucursal Espana provides.

On this page we explain how the code is put together, when you need it and which other details you need for a transfer to or from Haitong Bank, SA Sucursal Espana. The BIC identifies a bank or branch, never a specific account.

Which of the 2 codes of Haitong Bank, SA Sucursal Espana do you need?

Our database contains 2 SWIFT/BIC codes for Haitong Bank, SA Sucursal Espana in 1 places. Besides the head office code ESSIESMMXXX, there are codes for individual branches and departments.

In most cases you do not need to look up a branch: transfers sent to ESSIESMMXXX are routed within Haitong Bank, SA Sucursal Espana correctly. Only use a branch code when the recipient explicitly asks for it, for example on an invoice or in their bank details.

If you are not sure, check with the recipient for the exact BIC in their bank details. Branch codes are sometimes changed or retired when banks reorganise, so do not rely on old paperwork.

Paying into Haitong Bank, SA Sucursal Espana in EUR

Accounts at Haitong Bank, SA Sucursal Espana are usually held in EUR, the local currency of Spain. A payment in a foreign currency will be converted into EUR. Every conversion eats into something, even when no fee is shown.

Who converts the money matters. Transferring the amount directly in EUR often prevents a second conversion.

Exchange rates move all the time. On larger amounts, a small gap in the rate can be worth more than the fee.

Transfer times and tracking a payment to Haitong Bank, SA Sucursal Espana

How fast a payment reaches Haitong Bank, SA Sucursal Espana depends on a few things: the currency, the number of banks in between, cut-off times and differences in time zone. Bank holidays in either country can add extra days. Occasionally a bank wants to know about the purpose of a payment, which can hold things up.

A growing number of banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Each gpi transfer gets a unique transaction reference, the UETR that banks can use to trace it. Keep the payment confirmation; it contains the details a bank needs to start a trace.

The bank that sent the money can request a trace or a recall. On the receiving end, it helps to look at your account to see a partial amount because fees can reduce the amount.

A note on our data

The details here come from publicly available data. Still, banks merge, rename themselves or retire codes. Counts and locations are from our directory.

Treat our data as a starting point, rather than as the last word. GoldexPay is not affiliated with Haitong Bank, SA Sucursal Espana. If you notice something that is out of date, we welcome a short note via the contact page.

What to give a sender who pays you at Haitong Bank, SA Sucursal Espana

For a transfer from abroad into your account at Haitong Bank, SA Sucursal Espana, the sender needs not just the SWIFT code. Give them your name as the bank knows it, your account number or IBAN, SWIFT code ESSIESMMXXX and your address, which some banks require.

You can include the bank name and its city too, because some payment forms have separate fields for them. A mistake in your account number is more trouble than it looks.

An incoming payment does not always arrive in full. Fees for incoming transfers differ per bank; check the price list of Haitong Bank, SA Sucursal Espana. On invoices, you can agree who bears the costs, so that nobody is left short.

Is ESSIESMM still correct? How to check

Have the recipient send you the bank details directly from their online banking. Check that code against ESSIESMM on this page.

Errors in the BIC tend to be costly more than disastrous: often the payment comes back, minus fees. Do not forget the IBAN: a mistake there is more difficult to correct than a wrong code.

An automatic check by your bank only confirms that the code exists. More and more banks check the payee name with the account. Sending a small amount first is a sensible step for a large first payment.

International transfers from Haitong Bank, SA Sucursal Espana: the real cost

If you transfer money abroad through Haitong Bank, SA Sucursal Espana, the visible fee is only part of the cost. On top of a fixed fee, correspondent or intermediary banks can take a cut, and if the money changes currency the bank usually applies a rate below the actual market rate.

Most of the cost usually sits in the exchange rate, not in the fee: the bank converts at a rate with a margin built in. An easy check: set the bank’s rate against the mid-market rate and work out the difference on your amount.

Money transfer services frequently offer a rate near the mid-market rate. GoldexPay compares what recipients receive across services. You can still keep your account at Haitong Bank, SA Sucursal Espana, while a cheaper service handles the conversion.

Watch out for payment fraud

Stay wary when someone suddenly asks you to pay into a different account. The fact that ESSIESMM exists is no guarantee that the account is legitimate.

Before paying, confirm a change of bank details through a phone call, using a number you already had. Urgency and secrecy tend to be warning signs – a real supplier can wait a day. Already paid? Contact your bank straight away and have them try to recall the payment and report the fraud.

Scams also target the receiver: someone claims to have sent more than agreed and wants you to return the extra via a different route. A payment confirmation from the sender is no proof.

Paying Haitong Bank, SA Sucursal Espana in euros within SEPA

Since Spain is in the SEPA zone, a euro payment to Haitong Bank, SA Sucursal Espana from within the SEPA area usually only needs an IBAN. Many banks no longer ask for the BIC in that case or fill it in for you.

A SWIFT code like ESSIESMM still come into play when the currency is not euros, and for transfers from outside SEPA. If your banking app asks for the BIC regardless, entering ESSIESMM is fine.

SEPA transfers normally land by the next business day. As long as the payment stays in euros, a SEPA transfer is cheap; it is the conversion that costs money.

What the XXX in ESSIESMMXXX means

The layout of every SWIFT code is always the same: four characters for the institution, a two-letter country code and two for the location, plus an optional branch code. The result is ESSIESMM, the short form of the code.

The 11-character version has three more characters for a branch or department. When those three characters are XXX, the code points to the head office.

Type the code in one piece, in upper case and without spaces. A single character can send a payment to a different institution.