SWIFT Code DPFAESM1 — DEPFA-BANK EUROPE, PLC, MADRID

About SWIFT Code DPFAESM1 — DEPFA-BANK EUROPE, PLC, MADRID

SWIFT code DPFAESM1 is the official 8-character head-office BIC (Bank Identifier Code) for DEPFA-BANK EUROPE, PLC 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 DEPFA-BANK EUROPE, PLC 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 DPFAESM1

The code DPFAESM1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code DPFAESM1

Receiving International Wire Transfers

To receive money from abroad at your DEPFA-BANK EUROPE, PLC account in MADRID, share SWIFT code DPFAESM1 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 DEPFA-BANK EUROPE, PLC, MADRID must provide SWIFT code DPFAESM1. 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 DEPFA-BANK EUROPE, PLC in MADRID rely on SWIFT code DPFAESM1 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 DEPFA-BANK EUROPE, PLC →

For cheque clearing or NACH mandates, use the MICR code for DEPFA-BANK EUROPE, PLC →

For TDS challan deposits, find the BSR code for DEPFA-BANK EUROPE, PLC →

How SWIFT Code DPFAESM1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code DPFAESM1 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 DEPFA-BANK EUROPE, PLC.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: DEPFA-BANK EUROPE, PLC receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code DPFAESM1

• Spaces or lowercase letters — Always enter DPFAESM1 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 DPFAESM1 directly with DEPFA-BANK EUROPE, PLC's MADRID branch or via the SWIFT BIC Directory.