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Which is the SWIFT / BIC code of the bank Bankia?
Always check with your bank which code you should use.
What is swift code?
SWIFT is the acronym for the acronym “Society for Worldwide Interbank Financial Telecommunication”. It is used to send money internationally since they ask you to tell your bank or transfer service where you want to send the money.
It consists of between 8 and 11 characters, which ensure that the transferred money is received by the correct recipient. We explain their figures:
The first section indicates the entity of your provider and indicates the initials of your bank. The following sections are to indicate the country code. For example, ES for Spain. After this, there is another section with which, through a location code, they indicate the town where the headquarters of the bank are located. Finally, there is another section that corresponds to the specific branch associated with your bank account.
Why was the SWIFT/BIC code system created?
The SWIFT system was designed to ensure a secure and universal way to send money internationally. SWIFT is, in short, a messaging network that allows banks to send and receive information electronically. Thanks to its standardized format, it avoids errors between banks in different countries, speeds up and simplifies the payment process and reduces the margin of confusion when carrying out an operation.
Who uses the SWIFT code system?
The SWIFT/BIC system is used by more than 200 countries and 11,000 institutions, making it one of the largest international payment networks in the world. As the codes are processed, their characters are checked against a global database to see where the transmission should be sent. If you decide to send or receive money abroad through a bank, you will most likely have to enter the SWIFT or BIC code.
Tips for use
Remember that each bank may have a different code depending on the type of service they offer, so make sure directly with your bank what Swift Code you should use.
you can find your Bankia SWIFT code within your bank statements, in your online banking, or make an inquiry with your bank directly.
Do I need to know the SWIFT code of each branch?
Every bank office has a different code, but if you don't have the branch code, you can use the central office code. This is usually made up of the bank code, country and the central city, using the XXX digits instead of the branch code.
Where can I find the Bankia SWIFT code?
you can find the Swift Code from a foreign bank in some account statements, in your online banking, consulting your bank's frequently asked questions or requesting it directly by calling your bank or at your branch.
Do you want to know more about SWIFT codes?
At Fazil, we believe that managing our money does not have to be complicated or difficult to understand. If you want more information about the SWIFT / BIC codes read our guide on what is swift code.
In addition, if you want to make your purchases online without registration costs, maintenance or commissions, we recommend you read our post about free virtual cards to have all the advantages of this type of financial instrument.