SWIFT/BIC code IBERESM1XXX
IBERESM1XXX belongs to Ibersecurities Sociedad de Valores S.a.u. in Madrid, Spain.
Code details
| SWIFT/BIC code | IBERESM1XXX |
|---|---|
| 8-character code | IBERESM1 |
| Branch code | XXX |
| Bank | Ibersecurities Sociedad de Valores S.a.u. |
| Branch | Head office |
| City | Madrid |
| Country | Spain |
How the Ibersecurities Sociedad de Valores S.a.u. SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- IBER 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 BIC IBERESM1XXX?
The code IBERESM1XXX belongs to the headquarters of Ibersecurities Sociedad de Valores S.a.u. in Madrid, Spain. Use it when a payment to Ibersecurities Sociedad de Valores S.a.u. does not need a specific branch.
Does Ibersecurities Sociedad de Valores S.a.u. use a single SWIFT/BIC code?
Yes – IBERESM1XXX is the only SWIFT/BIC code we have for Ibersecurities Sociedad de Valores S.a.u. in Spain, so you do not need to pick a branch code.
What happens if I use IBERESM1XXX incorrectly?
The payment may be delayed, returned or charged extra fees. Double-check IBERESM1XXX against the details from Ibersecurities Sociedad de Valores S.a.u. before sending.
What do the letters in IBERESM1XXX mean?
IBER is the bank code of Ibersecurities Sociedad de Valores S.a.u., ES is the ISO code of Spain, M1 is the location code and XXX marks the head office.
What is the best way to send money to Ibersecurities Sociedad de Valores S.a.u. in Spain?
Many banks add 1–3% to the exchange rate on top of a fee. Check the amount that arrives in Euro with transfer services before you send – the difference can be large.
Are IBERESM1 and IBERESM1XXX the same code?
Yes. IBERESM1 is the 8-character version of IBERESM1XXX. XXX simply refers to the head office, so either version routes your payment to Ibersecurities Sociedad de Valores S.a.u. in Madrid.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.