SWIFT Code BCOEESMM070 — CAIXA RURAL GALEGA, LUGO

About SWIFT Code BCOEESMM070 — CAIXA RURAL GALEGA, LUGO

SWIFT code BCOEESMM070 is the official 11-character branch-specific BIC (Bank Identifier Code) for CAIXA RURAL GALEGA in LUGO, 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 CAIXA RURAL GALEGA for all outward international remittances from LUGO. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code BCOEESMM070

The code BCOEESMM070 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code BCOEESMM070

Receiving International Wire Transfers

To receive money from abroad at your CAIXA RURAL GALEGA account in LUGO, share SWIFT code BCOEESMM070 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 CAIXA RURAL GALEGA, LUGO must provide SWIFT code BCOEESMM070. 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 CAIXA RURAL GALEGA in LUGO rely on SWIFT code BCOEESMM070 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 CAIXA RURAL GALEGA →

For cheque clearing or NACH mandates, use the MICR code for CAIXA RURAL GALEGA →

For TDS challan deposits, find the BSR code for CAIXA RURAL GALEGA →

How SWIFT Code BCOEESMM070 Routes an International Transfer

1. Initiation: The sender provides SWIFT code BCOEESMM070 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 CAIXA RURAL GALEGA.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: CAIXA RURAL GALEGA receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code BCOEESMM070

• Spaces or lowercase letters — Always enter BCOEESMM070 uppercase with no spaces.
• Using the wrong city — This code is for LUGO 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 BCOEESMM070 directly with CAIXA RURAL GALEGA's LUGO branch or via the SWIFT BIC Directory.