SWIFT Code BMARES2M — BANCA MARCH, SA, PALMA DE MALLORCA

About SWIFT Code BMARES2M — BANCA MARCH, SA, PALMA DE MALLORCA

SWIFT code BMARES2M is the official 8-character head-office BIC (Bank Identifier Code) for BANCA MARCH, SA in PALMA DE MALLORCA, Spain. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by BANCA MARCH, SA for all outward international remittances from PALMA DE MALLORCA. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code BMARES2M

The code BMARES2M follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code BMARES2M

Receiving International Wire Transfers

To receive money from abroad at your BANCA MARCH, SA account in PALMA DE MALLORCA, share SWIFT code BMARES2M with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at BANCA MARCH, SA, PALMA DE MALLORCA must provide SWIFT code BMARES2M. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using BANCA MARCH, SA in PALMA DE MALLORCA rely on SWIFT code BMARES2M for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for BANCA MARCH, SA →

For cheque clearing or NACH mandates, use the MICR code for BANCA MARCH, SA →

For TDS challan deposits, find the BSR code for BANCA MARCH, SA →

How SWIFT Code BMARES2M Routes an International Transfer

1. Initiation: The sender provides SWIFT code BMARES2M and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to BANCA MARCH, SA.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: BANCA MARCH, SA receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code BMARES2M

• Spaces or lowercase letters — Always enter BMARES2M uppercase with no spaces.
• Using the wrong city — This code is for PALMA DE MALLORCA only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within Spain.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm BMARES2M directly with BANCA MARCH, SA's PALMA DE MALLORCA branch or via the SWIFT BIC Directory.