SWIFT/BIC code IBGMESM1XXX
IBGMESM1XXX belongs to Ibroker Global Markets S.v., S.A. in Madrid, Spain.
Code details
| SWIFT/BIC code | IBGMESM1XXX |
|---|---|
| 8-character code | IBGMESM1 |
| Branch code | XXX |
| Bank | Ibroker Global Markets S.v., S.A. |
| Branch | Head office |
| City | Madrid |
| Country | Spain |
How the Ibroker Global Markets S.v., S.A. SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- IBGM 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 IBGMESM1XXX?
The code IBGMESM1XXX belongs to the head office of Ibroker Global Markets S.v., S.A. in Madrid, Spain. It is the code to use when a payment to Ibroker Global Markets S.v., S.A. does not need a specific branch.
Does Ibroker Global Markets S.v., S.A. have only one SWIFT/BIC code?
Yes – IBGMESM1XXX is the single SWIFT/BIC code listed for Ibroker Global Markets S.v., S.A. in Spain, so there is no branch code to choose.
What is the cheapest way to send money to Ibroker Global Markets S.v., S.A.?
Many banks add several percent 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 do the letters in IBGMESM1XXX mean?
IBGM is the institution code of Ibroker Global Markets S.v., S.A., ES stands for Spain, M1 is the location code and XXX means the main office.
Do I need IBGMESM1XXX for a euro transfer to Spain?
Spain is part of the SEPA area. When you send euros the IBAN is usually enough. For other currencies you still need IBGMESM1XXX.
How long does it take to send money to Ibroker Global Markets S.v., S.A. in Spain?
SEPA payments in euros normally arrive the next business day. Transfers 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.