SWIFT Code DKBBESM1 — DAI-ICHI KANGYO BANK,LTD,THE, MADRID

About SWIFT Code DKBBESM1 — DAI-ICHI KANGYO BANK,LTD,THE, MADRID

SWIFT code DKBBESM1 is the official 8-character head-office BIC (Bank Identifier Code) for DAI-ICHI KANGYO BANK,LTD,THE 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 DAI-ICHI KANGYO BANK,LTD,THE 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 DKBBESM1

The code DKBBESM1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code DKBBESM1

Receiving International Wire Transfers

To receive money from abroad at your DAI-ICHI KANGYO BANK,LTD,THE account in MADRID, share SWIFT code DKBBESM1 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 DAI-ICHI KANGYO BANK,LTD,THE, MADRID must provide SWIFT code DKBBESM1. 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 DAI-ICHI KANGYO BANK,LTD,THE in MADRID rely on SWIFT code DKBBESM1 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 DAI-ICHI KANGYO BANK,LTD,THE →

For cheque clearing or NACH mandates, use the MICR code for DAI-ICHI KANGYO BANK,LTD,THE →

For TDS challan deposits, find the BSR code for DAI-ICHI KANGYO BANK,LTD,THE →

How SWIFT Code DKBBESM1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code DKBBESM1 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 DAI-ICHI KANGYO BANK,LTD,THE.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: DAI-ICHI KANGYO BANK,LTD,THE receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code DKBBESM1

• Spaces or lowercase letters — Always enter DKBBESM1 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 DKBBESM1 directly with DAI-ICHI KANGYO BANK,LTD,THE's MADRID branch or via the SWIFT BIC Directory.