SWIFT/BIC code INSGESM1XXX
INSGESM1XXX belongs to Inverseguros Sociedad de Valores, S.a.u. in Madrid, Spain.
Code details
| SWIFT/BIC code | INSGESM1XXX |
|---|---|
| 8-character code | INSGESM1 |
| Branch code | XXX |
| Bank | Inverseguros Sociedad de Valores, S.a.u. |
| Branch | Head office |
| City | Madrid |
| Country | Spain |
How the Inverseguros Sociedad de Valores, S.a.u. SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- INSG 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 BIC INSGESM1XXX?
INSGESM1XXX identifies the head office of Inverseguros Sociedad de Valores, S.a.u. in Madrid, Spain. It is the code to use when a payment to Inverseguros Sociedad de Valores, S.a.u. does not need a specific branch.
Is INSGESM1 and INSGESM1XXX the same code?
Yes, they are. INSGESM1 is the 8-character version of INSGESM1XXX. The XXX at the end only refers to the head office, so either version routes your payment to Inverseguros Sociedad de Valores, S.a.u. in Madrid.
What happens if I use INSGESM1XXX with a typo?
The payment may be delayed, returned or charged extra fees. Double-check INSGESM1XXX against the details from Inverseguros Sociedad de Valores, S.a.u. before you confirm.
Do I need INSGESM1XXX for a euro transfer to Spain?
Spain is part of the SEPA area. When you send euros the IBAN is usually enough and many banks fill in the BIC automatically. For other currencies you do need INSGESM1XXX.
How long does a transfer to Inverseguros Sociedad de Valores, S.a.u. take in Spain?
Euro transfers within SEPA usually arrive within one business day, instant payments within seconds. Payments in other currencies can take 2–4 business days.
What does each part of INSGESM1XXX stand for?
INSG is the institution code of Inverseguros Sociedad de Valores, S.a.u., ES is the ISO code of Spain, M1 is the location code and XXX marks the head office.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.