SWIFT Code DEUTESM1 — DEUTSCHE BANK AG, MADRID

About SWIFT Code DEUTESM1 — DEUTSCHE BANK AG, MADRID

SWIFT code DEUTESM1 is the official 8-character head-office BIC (Bank Identifier Code) for DEUTSCHE BANK AG 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 DEUTSCHE BANK AG 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 DEUTESM1

The code DEUTESM1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code DEUTESM1

Receiving International Wire Transfers

To receive money from abroad at your DEUTSCHE BANK AG account in MADRID, share SWIFT code DEUTESM1 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 DEUTSCHE BANK AG, MADRID must provide SWIFT code DEUTESM1. 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 DEUTSCHE BANK AG in MADRID rely on SWIFT code DEUTESM1 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 DEUTSCHE BANK AG →

For cheque clearing or NACH mandates, use the MICR code for DEUTSCHE BANK AG →

For TDS challan deposits, find the BSR code for DEUTSCHE BANK AG →

How SWIFT Code DEUTESM1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code DEUTESM1 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 DEUTSCHE BANK AG.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: DEUTSCHE BANK AG receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code DEUTESM1

• Spaces or lowercase letters — Always enter DEUTESM1 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 DEUTESM1 directly with DEUTSCHE BANK AG's MADRID branch or via the SWIFT BIC Directory.