SWIFT/BIC code MADRESMMXXX
MADRESMMXXX belongs to Banco de Madrid S.A. in Madrid, Spain.
Code details
| SWIFT/BIC code | MADRESMMXXX |
|---|---|
| 8-character code | MADRESMM |
| Branch code | XXX |
| Bank | Banco de Madrid S.A. |
| Branch | Head office |
| City | Madrid |
| Country | Spain |
How the Banco de Madrid S.A. SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- MADR 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
What bank uses BIC MADRESMMXXX?
The code MADRESMMXXX belongs to the headquarters of Banco de Madrid S.A. in Madrid, Spain. Use it when you send money to an account at Banco de Madrid S.A..
How long does a transfer to Banco de Madrid S.A. take?
SEPA payments in euros usually arrive within one business day. Transfers in other currencies can take 1–3 business days.
Does Banco de Madrid S.A. have only one SWIFT/BIC code?
Yes – MADRESMMXXX is the only SWIFT/BIC code we have for Banco de Madrid S.A. in Spain, so you do not need to pick a branch code.
Do I need MADRESMMXXX to send euros to Spain?
Spain is part of the SEPA area. When you send euros the IBAN normally suffices. For other currencies you do need MADRESMMXXX.
Are MADRESMM and MADRESMMXXX the same code?
Yes. MADRESMM is the 8-character version of MADRESMMXXX. The XXX at the end only means head office, so both routes your payment to Banco de Madrid S.A. in Madrid.
What do the letters in MADRESMMXXX mean?
MADR is the bank code of Banco de Madrid S.A., ES is the ISO code of Spain, MM is the location code and XXX means the head office.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.