SWIFT/BIC code GESAESM1XXX
GESAESM1XXX belongs to Gesmadrid S.a., S.g.i.i.c. in Madrid, Spain.
Code details
| SWIFT/BIC code | GESAESM1XXX |
|---|---|
| 8-character code | GESAESM1 |
| Branch code | XXX |
| Bank | Gesmadrid S.a., S.g.i.i.c. |
| Branch | Head office |
| City | Madrid |
| Country | Spain |
The way the Gesmadrid S.a., S.g.i.i.c. SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- GESA 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 is behind SWIFT code GESAESM1XXX?
The code GESAESM1XXX belongs to the headquarters of Gesmadrid S.a., S.g.i.i.c. in Madrid, Spain. Use it when you send money to an account at Gesmadrid S.a., S.g.i.i.c..
What is the cheapest way to send money to Gesmadrid S.a., S.g.i.i.c. in Spain?
Many banks add 1–3% to the exchange rate on top of a fee. Check the amount that arrives in Euro with specialist providers before you send – the difference can be large.
What happens if I use GESAESM1XXX with a typo?
Your transfer can bounce, get stuck or cost extra. Always check GESAESM1XXX with the recipient before you confirm.
Do I need GESAESM1XXX for a euro transfer to Spain?
Spain is part of the SEPA area. For euro transfers the IBAN is usually enough and many banks fill in the BIC automatically. For other currencies you do need GESAESM1XXX.
How long does it take to send money to Gesmadrid S.a., S.g.i.i.c. in Spain?
SEPA payments in euros normally arrive the next business day, instant payments within seconds. Transfers in other currencies can take 2–4 business days.
What do the letters in GESAESM1XXX mean?
GESA is the bank code of Gesmadrid S.a., S.g.i.i.c., ES stands for Spain, M1 is the location code and XXX means the head office.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.