SWIFT/BIC code MERRESM1XXX
MERRESM1XXX belongs to Mercavalor Sociedad de Valores SA in Madrid, Spain.
Code details
| SWIFT/BIC code | MERRESM1XXX |
|---|---|
| 8-character code | MERRESM1 |
| Branch code | XXX |
| Bank | Mercavalor Sociedad de Valores SA |
| Branch | Head office |
| City | Madrid |
| Country | Spain |
The way the Mercavalor Sociedad de Valores SA SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- MERR 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 bank is behind SWIFT/BIC code MERRESM1XXX?
MERRESM1XXX identifies the main office of Mercavalor Sociedad de Valores SA in Madrid, Spain. It is the code to use when a payment to Mercavalor Sociedad de Valores SA does not need a specific branch.
Does Mercavalor Sociedad de Valores SA use only one SWIFT/BIC code?
Yes – MERRESM1XXX is the only SWIFT/BIC code we have for Mercavalor Sociedad de Valores SA in Spain, so there is no branch code to choose.
What happens if I use MERRESM1XXX with a typo?
Your transfer can bounce, get stuck or cost extra. Double-check MERRESM1XXX against the details from Mercavalor Sociedad de Valores SA before you confirm.
What do the letters in MERRESM1XXX mean?
MERR is the institution code of Mercavalor Sociedad de Valores SA, ES is the ISO code of Spain, M1 is the code for the city or region and XXX means the head office.
Is MERRESM1 and MERRESM1XXX the same code?
Yes, they are. MERRESM1 is the 8-character version of MERRESM1XXX. The XXX at the end only means head office, so both will reach Mercavalor Sociedad de Valores SA in Madrid.
How long does a transfer to Mercavalor Sociedad de Valores SA take?
SEPA payments in euros normally arrive the next business day, instant payments within seconds. Payments in other currencies can take 1–3 business days.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.