SWIFT Code BSCHESMM — BANCO SANTANDER S.A., MADRID

About SWIFT Code BSCHESMM — BANCO SANTANDER S.A., MADRID

SWIFT code BSCHESMM is the official 8-character head-office BIC (Bank Identifier Code) for BANCO SANTANDER S.A. in MADRID, 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 BANCO SANTANDER S.A. for all outward international remittances from MADRID. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code BSCHESMM

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

When to Use SWIFT Code BSCHESMM

Receiving International Wire Transfers

To receive money from abroad at your BANCO SANTANDER S.A. account in MADRID, share SWIFT code BSCHESMM 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 BANCO SANTANDER S.A., MADRID must provide SWIFT code BSCHESMM. 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 BANCO SANTANDER S.A. in MADRID rely on SWIFT code BSCHESMM 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 BANCO SANTANDER S.A. →

For cheque clearing or NACH mandates, use the MICR code for BANCO SANTANDER S.A. →

For TDS challan deposits, find the BSR code for BANCO SANTANDER S.A. →

How SWIFT Code BSCHESMM Routes an International Transfer

1. Initiation: The sender provides SWIFT code BSCHESMM 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 BANCO SANTANDER S.A..
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: BANCO SANTANDER S.A. receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code BSCHESMM

• Spaces or lowercase letters — Always enter BSCHESMM uppercase with no spaces.
• Using the wrong city — This code is for MADRID 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 BSCHESMM directly with BANCO SANTANDER S.A.'s MADRID branch or via the SWIFT BIC Directory.