SWIFT Code COVSESB1 — COFITUR INVERSIONES SICAV SA, BARCELONA

About SWIFT Code COVSESB1 — COFITUR INVERSIONES SICAV SA, BARCELONA

SWIFT code COVSESB1 is the official 8-character head-office BIC (Bank Identifier Code) for COFITUR INVERSIONES SICAV SA in BARCELONA, 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 COFITUR INVERSIONES SICAV SA for all outward international remittances from BARCELONA. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code COVSESB1

The code COVSESB1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code COVSESB1

Receiving International Wire Transfers

To receive money from abroad at your COFITUR INVERSIONES SICAV SA account in BARCELONA, share SWIFT code COVSESB1 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 COFITUR INVERSIONES SICAV SA, BARCELONA must provide SWIFT code COVSESB1. 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 COFITUR INVERSIONES SICAV SA in BARCELONA rely on SWIFT code COVSESB1 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 COFITUR INVERSIONES SICAV SA →

For cheque clearing or NACH mandates, use the MICR code for COFITUR INVERSIONES SICAV SA →

For TDS challan deposits, find the BSR code for COFITUR INVERSIONES SICAV SA →

How SWIFT Code COVSESB1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code COVSESB1 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 COFITUR INVERSIONES SICAV SA.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: COFITUR INVERSIONES SICAV SA receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code COVSESB1

• Spaces or lowercase letters — Always enter COVSESB1 uppercase with no spaces.
• Using the wrong city — This code is for BARCELONA 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 COVSESB1 directly with COFITUR INVERSIONES SICAV SA's BARCELONA branch or via the SWIFT BIC Directory.