SWIFT/BIC code IPAYESMMGT1
IPAYESMMGT1 belongs to Sociedad Espanola de Sistemas de Pago, S.A. in Madrid, Spain.
Code details
| SWIFT/BIC code | IPAYESMMGT1 |
|---|---|
| 8-character code | IPAYESMM |
| Branch code | GT1 |
| Bank | Sociedad Espanola de Sistemas de Pago, S.A. |
| Branch | Garantias |
| City | Madrid |
| Country | Spain |
How the Sociedad Espanola de Sistemas de Pago, S.A. SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- IPAY 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.
- GT1 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 bank uses SWIFT/BIC code IPAYESMMGT1?
The code IPAYESMMGT1 belongs to Garantias, a branch or department of Sociedad Espanola de Sistemas de Pago, S.A. in Madrid, Spain. Only use it if the recipient or their bank explicitly asks for it.
What is the cheapest way to send money to Sociedad Espanola de Sistemas de Pago, 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.
Does Sociedad Espanola de Sistemas de Pago, S.A. have more SWIFT/BIC codes?
Yes – our database contains 3 SWIFT/BIC codes for Sociedad Espanola de Sistemas de Pago, S.A. in Spain, for the head office and several branches or departments. All of them are listed on the page of Sociedad Espanola de Sistemas de Pago, S.A..
How long does it take to send money to Sociedad Espanola de Sistemas de Pago, S.A.?
SEPA payments in euros usually arrive within one business day, instant payments within seconds. Payments in other currencies can take 1–3 business days.
Do I need IPAYESMMGT1 to send euros to Spain?
Spain is part of the SEPA area. For euro transfers the IBAN normally suffices. For other currencies you still need IPAYESMMGT1.
What happens if I use IPAYESMMGT1 with a typo?
The payment may be delayed, returned or charged extra fees. Always check IPAYESMMGT1 with the recipient before you confirm.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.