SWIFT/BIC code FGDEESM1XXX
FGDEESM1XXX belongs to Fondo de Garantia de Depositos de Entidades de Credito in Madrid, Spain.
Code details
| SWIFT/BIC code | FGDEESM1XXX |
|---|---|
| 8-character code | FGDEESM1 |
| Branch code | XXX |
| Bank | Fondo de Garantia de Depositos de Entidades de Credito |
| Branch | Head office |
| City | Madrid |
| Country | Spain |
How the Fondo de Garantia de Depositos de Entidades de Credito SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- FGDE Bank code
- 4 letters that identify the bank.
- ES Country code
- 2 letters for the country (ISO 3166).
- M1 Location code
- 2 characters for the city or region of the head office.
- XXX Branch code
- 3 characters for a specific branch. XXX means the head office.
Check before you send
- Ask the recipient which bank and branch the account is held at.
- Use the head office code (XXX) when no branch is specified.
- Make sure the country in the code matches the country of the account.
Frequently asked questions
Which institution uses SWIFT code FGDEESM1XXX?
FGDEESM1XXX is the SWIFT/BIC code of the headquarters of Fondo de Garantia de Depositos de Entidades de Credito in Madrid, Spain. Use it when a payment to Fondo de Garantia de Depositos de Entidades de Credito does not need a specific branch.
Does Fondo de Garantia de Depositos de Entidades de Credito use only one SWIFT/BIC code?
Yes – FGDEESM1XXX is the only SWIFT/BIC code we have for Fondo de Garantia de Depositos de Entidades de Credito in Spain, so there is no branch code to choose.
What does each part of FGDEESM1XXX stand for?
FGDE is the institution code of Fondo de Garantia de Depositos de Entidades de Credito, ES is the ISO code of Spain, M1 is the location code and XXX marks the head office.
Are FGDEESM1 and FGDEESM1XXX the same SWIFT code?
Yes. FGDEESM1 is the 8-character version of FGDEESM1XXX. The XXX at the end only means head office, so either version will reach Fondo de Garantia de Depositos de Entidades de Credito in Madrid.
Do I need FGDEESM1XXX for a euro transfer to Spain?
Spain belongs to the SEPA area. When you send euros the IBAN is usually enough. For other currencies you still need FGDEESM1XXX.
How long does a transfer to Fondo de Garantia de Depositos de Entidades de Credito take?
Euro transfers within SEPA usually arrive within one business day. Payments in other currencies can take 2–4 business days.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.