SWIFT/BIC code IPAYESMMXXX
IPAYESMMXXX belongs to Sociedad Espanola de Sistemas de Pago, S.A. in Madrid, Spain.
Code details
| SWIFT/BIC code | IPAYESMMXXX |
|---|---|
| 8-character code | IPAYESMM |
| Branch code | XXX |
| Bank | Sociedad Espanola de Sistemas de Pago, S.A. |
| Branch | Head office |
| City | Madrid |
| Country | Spain |
The way the Sociedad Espanola de Sistemas de Pago, S.A. SWIFT/BIC is built up
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.
- 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 bank is behind SWIFT code IPAYESMMXXX?
The code IPAYESMMXXX belongs to the main office of Sociedad Espanola de Sistemas de Pago, S.A. in Madrid, Spain. Use it when a payment to Sociedad Espanola de Sistemas de Pago, S.A. does not need a specific branch.
How long does a transfer to Sociedad Espanola de Sistemas de Pago, S.A. take?
Euro transfers within SEPA usually arrive within one business day, instant payments within seconds. Transfers in other currencies can take 1–3 business days.
Do I need IPAYESMMXXX to send euros 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 IPAYESMMXXX.
Are IPAYESMM and IPAYESMMXXX the same code?
Yes, they are. IPAYESMM is the 8-character version of IPAYESMMXXX. The XXX at the end only refers to the head office, so both will reach Sociedad Espanola de Sistemas de Pago, S.A. in Madrid.
What do the letters in IPAYESMMXXX mean?
IPAY is the institution code of Sociedad Espanola de Sistemas de Pago, S.A., ES is the ISO code of Spain, MM is the location code and XXX marks the head office.
What happens if I use IPAYESMMXXX incorrectly?
The payment may be delayed, returned or charged extra fees. Double-check IPAYESMMXXX 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.