BNP PARIBAS S.A. SUCURSAL EN ESPANA, BIC/SWIFT Code Details
Address: CALLE EMILIO VARGAS 4 MADRID, 28043 SPAIN
General instructions for international payments to banks in SPAIN:
Overview:
Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g., SWIFT BIC, IBAN, and beneficiary bank address). Ensure to include the SWIFT BIC with branch identifier, along with full name and address of the beneficiary bank. For additional information, refer to Banco de España.
Country Requirements/Restrictions:
Payment Restrictions: Transactions between residents and non-residents above EUR 50,000 must be reported to the Banco de España. For accounts held abroad, transactions exceeding EUR 3,000,000 in a month or EUR 6,000,000 in a year must also be reported. Payments made to and from accounts held by residents abroad must be reported.
Account Restrictions: Residents and non-residents may open and maintain domestic or foreign currency accounts locally or abroad. Residents must report the opening or closing of accounts held abroad to the Banco de España.
SEPA: Strict formatting standards and SEPA guidelines are required for cross-border payments in Europe. IBAN and SWIFT BIC are necessary for all euro payments. SEPA standards apply for euro payments to beneficiaries with accounts in Spain.
Payment Formatting Rules for EUR:
Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary.
Beneficiary Customer (SWIFT MT103 F59): Include account number (IBAN), full name (no initials), and address of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary. IBAN numbers for beneficiaries with accounts in Spain must be included in the payment instruction. SWIFT BIC is comprised of 8 or 11 alphanumeric characters: xxxxESxx or xxxxESxxxxx. Payments will be applied as soon as possible in accordance with the receiving bank’s normal practice.
IBAN: In Spain, the IBAN consists of 24 characters. The structure is ES2!n4!n4!n1!n10!n, where 'ES' is the country code, followed by a 2-digit check number, 4-digit bank code, 4-digit branch code, 1-digit national check digit, and a 10-digit account number. Example: Electronic Format: ES9812345678912345678912, Print Format: ES98 1234 5678 9123 4567 8912.
Standard Settlement Instructions (SSI) contain the list of correspondent banks of BNP PARIBAS S.A. SUCURSAL EN ESPANA for each currency.
To track a SWIFT cross-border payment to or from BNP PARIBAS S.A. SUCURSAL EN ESPANA, you need a UETR code, reference number, amount, payment date, and currency. This information is typically found in an MT103 form.
We are doing our best to demystify cross-border payments, however TrackMySwift is not responsible for any delays or losses related to usage of the information and services from our web site. Please contact your banks to receive a safe advise. Country-specific payment instructions have been prepared based on Global Wires Payments Formatting Requirements Guide from J.P.Morgan.