SWIFT/BIC code MGVAESM1XXX
MGVAESM1XXX belongs to Mercados y Gestion de Valores A.v.b. S.A. in Madrid, Spain.
Code details
| SWIFT/BIC code | MGVAESM1XXX |
|---|---|
| 8-character code | MGVAESM1 |
| Branch code | XXX |
| Bank | Mercados y Gestion de Valores A.v.b. S.A. |
| Branch | Head office |
| City | Madrid |
| Country | Spain |
The way the Mercados y Gestion de Valores A.v.b. S.A. SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- MGVA 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 uses SWIFT code MGVAESM1XXX?
MGVAESM1XXX identifies the main office of Mercados y Gestion de Valores A.v.b. S.A. in Madrid, Spain. It is the code to use when you send money to an account at Mercados y Gestion de Valores A.v.b. S.A..
What does each part of MGVAESM1XXX stand for?
MGVA is the institution code of Mercados y Gestion de Valores A.v.b. S.A., ES is the ISO code of Spain, M1 is the location code and XXX means the head office.
What is the cheapest way to send money to Mercados y Gestion de Valores A.v.b. S.A.?
Many banks add 1–3% to the exchange rate on top of a fee. Check what you receive in Euro with specialist providers before you send.
Are MGVAESM1 and MGVAESM1XXX the same code?
Yes, they are. MGVAESM1 is the 8-character version of MGVAESM1XXX. XXX simply means head office, so both will reach Mercados y Gestion de Valores A.v.b. S.A. in Madrid.
How long does it take to send money to Mercados y Gestion de Valores A.v.b. S.A. in Spain?
SEPA payments in euros usually arrive within one business day, instant payments within seconds. Transfers in other currencies can take 1–3 business days.
Do I need MGVAESM1XXX to send euros to Spain?
Spain is part of the SEPA area. For euro transfers the IBAN is usually enough. For other currencies you do need MGVAESM1XXX.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.