SWIFT Code STNCESM1 — STIFEL NICOLAUS LTD, MADRID

About SWIFT Code STNCESM1 — STIFEL NICOLAUS LTD, MADRID

SWIFT code STNCESM1 is the official 8-character head-office BIC (Bank Identifier Code) for STIFEL NICOLAUS LTD 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 STIFEL NICOLAUS LTD 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 STNCESM1

The code STNCESM1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code STNCESM1

Receiving International Wire Transfers

To receive money from abroad at your STIFEL NICOLAUS LTD account in MADRID, share SWIFT code STNCESM1 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 STIFEL NICOLAUS LTD, MADRID must provide SWIFT code STNCESM1. 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 STIFEL NICOLAUS LTD in MADRID rely on SWIFT code STNCESM1 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 STIFEL NICOLAUS LTD →

For cheque clearing or NACH mandates, use the MICR code for STIFEL NICOLAUS LTD →

For TDS challan deposits, find the BSR code for STIFEL NICOLAUS LTD →

How SWIFT Code STNCESM1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code STNCESM1 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 STIFEL NICOLAUS LTD.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: STIFEL NICOLAUS LTD receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code STNCESM1

• Spaces or lowercase letters — Always enter STNCESM1 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 STNCESM1 directly with STIFEL NICOLAUS LTD's MADRID branch or via the SWIFT BIC Directory.