SWIFT/BIC code IBRCESMMMIG
IBRCESMMMIG belongs to Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear) in Madrid, Spain.
Code details
| SWIFT/BIC code | IBRCESMMMIG |
|---|---|
| 8-character code | IBRCESMM |
| Branch code | MIG |
| Bank | Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear) |
| Branch | Migration To T2s |
| City | Madrid |
| Country | Spain |
How the Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear) SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- IBRC Bank code
- 4 letters that identify the bank.
- ES Country code
- 2 letters for the country (ISO 3166).
- MM Location code
- 2 characters for the city or region of the head office.
- MIG 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
What bank uses SWIFT code IBRCESMMMIG?
The code IBRCESMMMIG belongs to Migration To T2s, part of Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear) in Madrid, Spain. Only use it if the recipient or their bank explicitly asks for it.
What is the best way to send money to Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear)?
Many banks add 1–3% to the exchange rate on top of a fee. Check what you receive in Euro with transfer services before you send.
Do I need IBRCESMMMIG for a euro transfer to Spain?
Spain belongs to the SEPA area. For euro transfers the IBAN normally suffices. For other currencies you still need IBRCESMMMIG.
How long does it take to send money to Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear)?
SEPA payments in euros usually arrive within one business day. Payments in other currencies can take 1–3 business days.
What do the letters in IBRCESMMMIG stand for?
IBRC is the bank code of Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear), ES is the ISO code of Spain, MM is the location code and MIG is the code of the department Migration To T2s.
What happens if I enter IBRCESMMMIG with a typo?
Your transfer can bounce, get stuck or cost extra. Double-check IBRCESMMMIG with the recipient before sending.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.