Banco Santander SWIFT Code: BSCHESMM

The SWIFT/BIC code for Banco Santander is BSCHESMM. BSCH stands for Banco Santander Central Hispano (the bank's former name), ES indicates Spain, and MM is the location code for Madrid, where the bank's headquarters is located.

Santander is the largest bank in the eurozone by market capitalization and operates in over 30 countries, with a particularly strong presence in Spain, the UK, Brazil, Mexico, and the US. Each country subsidiary has its own SWIFT code — for example, ABBYGB2L for Santander UK.

Sending a Wire to Banco Santander

To send an international wire to a Santander Spain account, you'll need the recipient's IBAN (Spanish IBANs start with ES followed by 22 characters), the SWIFT code BSCHESMM, and the recipient's full name. The bank's headquarters address is Ciudad Grupo Santander, 28660 Boadilla del Monte, Madrid, Spain.

EUR transfers within SEPA settle within one business day. International wires from outside the SEPA zone typically take 2 to 4 business days depending on the sending bank and currency.

Santander Transfer Fees and Network

Santander charges between €6 and €45 for outgoing international wires from Spain, depending on the destination and currency. SEPA transfers in EUR are significantly cheaper — often free or under €1. Incoming wire fees vary by account type.

Santander's global network means transfers between Santander entities in different countries (e.g., Spain to Brazil) may benefit from internal routing, which can reduce fees and settlement times compared to transfers through unrelated correspondent banks.

How Slash fits in

Slash gives your finance team a real-time view of every international payment, including wires through Santander. Transactions are auto-categorized and synced to your books, cutting out the manual reconciliation work.

Banco Santander SWIFT Code: BSCHESMM