SWIFT/BIC code ICROESMMXXX
ICROESMMXXX belongs to Instituto de Credito Oficial in Madrid, Spain.
Code details
| SWIFT/BIC code | ICROESMMXXX |
|---|---|
| 8-character code | ICROESMM |
| Branch code | XXX |
| Bank | Instituto de Credito Oficial |
| Branch | Head office |
| City | Madrid |
| Country | Spain |
The way the Instituto de Credito Oficial SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- ICRO 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.
- 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/BIC code ICROESMMXXX?
ICROESMMXXX is the SWIFT/BIC code of the headquarters of Instituto de Credito Oficial in Madrid, Spain. Use it when you send money to an account at Instituto de Credito Oficial.
What is the best way to send money to Instituto de Credito Oficial in Spain?
Many banks add 1–3% to the exchange rate on top of a fee. Compare the amount that arrives in Euro with transfer services before you send – the difference can be large.
Does Instituto de Credito Oficial use only one SWIFT/BIC code?
Yes, ICROESMMXXX is the single SWIFT/BIC code we have for Instituto de Credito Oficial in Spain, so there is no branch code to choose.
What does each part of ICROESMMXXX stand for?
ICRO is the institution code of Instituto de Credito Oficial, ES stands for Spain, MM is the code for the city or region and XXX marks the head office.
What happens if I use ICROESMMXXX with a typo?
The payment may be delayed, returned or charged extra fees. Double-check ICROESMMXXX with the recipient before sending.
Do I need ICROESMMXXX for a euro transfer to Spain?
Spain belongs to the SEPA area. When you send euros the IBAN normally suffices and many banks fill in the BIC automatically. For other currencies you do need ICROESMMXXX.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.