SWIFT/BIC code MAGAESM1XXX
MAGAESM1XXX belongs to Martinez Gil y Asociados Agencia Valores Bolsa SA in Madrid, Spain.
Code details
| SWIFT/BIC code | MAGAESM1XXX |
|---|---|
| 8-character code | MAGAESM1 |
| Branch code | XXX |
| Bank | Martinez Gil y Asociados Agencia Valores Bolsa SA |
| Branch | Head office |
| City | Madrid |
| Country | Spain |
How the Martinez Gil y Asociados Agencia Valores Bolsa SA SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- MAGA 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
What bank is behind SWIFT code MAGAESM1XXX?
The code MAGAESM1XXX belongs to the main office of Martinez Gil y Asociados Agencia Valores Bolsa SA in Madrid, Spain. Use it when you send money to an account at Martinez Gil y Asociados Agencia Valores Bolsa SA.
Does Martinez Gil y Asociados Agencia Valores Bolsa SA have only one SWIFT/BIC code?
Yes, MAGAESM1XXX is the single SWIFT/BIC code listed for Martinez Gil y Asociados Agencia Valores Bolsa SA in Spain, so there is no branch code to choose.
What happens if I enter MAGAESM1XXX incorrectly?
The payment may be delayed, returned or charged extra fees. Always check MAGAESM1XXX with the recipient before sending.
What is the cheapest way to send money to Martinez Gil y Asociados Agencia Valores Bolsa SA?
Banks often add 1–3% to the exchange rate on top of a fee. Compare what you receive in Euro with transfer services before you send – the difference can be large.
Are MAGAESM1 and MAGAESM1XXX the same code?
Yes. MAGAESM1 is the 8-character version of MAGAESM1XXX. The XXX at the end only refers to the head office, so both will reach Martinez Gil y Asociados Agencia Valores Bolsa SA in Madrid.
Do I need MAGAESM1XXX for a euro transfer to Spain?
Spain is part of the SEPA area. For euro transfers the IBAN normally suffices. If you send another currency you do need MAGAESM1XXX.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.