Hello everyone, I just moved to Spain not long ago and opened an N26 bank account. I find the online experience quite convenient. Recently, my family wanted to send me some money for living expenses and asked for the bank’s SWIFT Code. I couldn’t find it directly in the app, and the information on Google was a bit confusing. So, I’ve compiled the information myself and decided to share it with anyone facing the same issue.
What Exactly is N26’s SWIFT/BIC Code?
First, it’s important to understand that a SWIFT Code and a BIC (Bank Identifier Code) are essentially the same thing. For N26 Bank, its BIC is NTSBESM1.
This code is the unique identifier for the Spanish branch of N26 Bank AG. No matter which city in Spain you opened your account in, as long as it’s a Spanish N26 account, you should use this code whenever you need to provide a BIC/SWIFT for an international transfer: NTSBESM1.
I’ve organized the key information into a small table for easy reference:
| Item | Details |
|---|
| Bank Name | N26 Bank AG, Sucursal en España |
| SWIFT / BIC | NTSBESM1 |
| Bank Address | Calle Manzanares 4, 28005 Madrid, Spain |
| Your IBAN | Can be found in the N26 app, starts with ES |
| Your Name | Your full name as registered with the bank |
Important Notes for International Transfers to N26
With the information above, you should theoretically be able to receive funds from anywhere in the world. However, there are a few important points to keep in mind:
Prioritize SEPA Transfers: If you are transferring money from another bank account within the Eurozone to N26, you don’t need a SWIFT code. Simply using the IBAN is sufficient, and these transfers are typically free and fast. The SWIFT/BIC is primarily used for international transfers from outside the Eurozone, such as from China, the United States, or the United Kingdom.
Transaction Fees: International transfers via the SWIFT system often involve fees from the sending, intermediary, and receiving banks, which can be a significant cost. N26 itself, the bank you’ll be using after opening an N26 account, doesn’t charge for receiving SWIFT transfers. However, intermediary banks might ‘take a cut’ along the way, so the final amount that arrives could be slightly less than what was sent.
Wise is a Great Alternative: The N26 app actually has Wise’s service integrated. If you need to send money from Spain to a non-Eurozone country, or have family and friends send you money from abroad, consider using Wise. Its operating principle is different from a traditional wire transfer, so unlike a transfer that needs to be routed to a specific physical location like the N26 bank address, it’s much faster, and the fees are far more transparent and lower. Although it’s an extra step, it can save you a significant amount of money. In short, use Wise for smaller transfers and consider traditional SWIFT for larger sums.
