SWIFT/BIC code NEWGESM1XXX
NEWGESM1XXX belongs to Newedge Group (Madrid Branch) in Madrid, Spain.
Code details
| SWIFT/BIC code | NEWGESM1XXX |
|---|---|
| 8-character code | NEWGESM1 |
| Branch code | XXX |
| Bank | Newedge Group (Madrid Branch) |
| Branch | Head office |
| City | Madrid |
| Country | Spain |
The way the Newedge Group (Madrid Branch) SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- NEWG 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 institution uses BIC NEWGESM1XXX?
NEWGESM1XXX is the SWIFT/BIC code of the main office of Newedge Group (Madrid Branch) in Madrid, Spain. It is the code to use when you send money to an account at Newedge Group (Madrid Branch).
What is the cheapest way to send money to Newedge Group (Madrid Branch) in Spain?
Banks often add several percent to the exchange rate on top of a fee. Check the amount that arrives in Euro with transfer services before you send.
Does Newedge Group (Madrid Branch) use a single SWIFT/BIC code?
Yes – NEWGESM1XXX is the single SWIFT/BIC code we have for Newedge Group (Madrid Branch) in Spain, so you do not need to pick a branch code.
What does each part of NEWGESM1XXX stand for?
NEWG is the bank code of Newedge Group (Madrid Branch), ES is the ISO code of Spain, M1 is the location code and XXX means the head office.
Are NEWGESM1 and NEWGESM1XXX the same code?
Yes. NEWGESM1 is the 8-character version of NEWGESM1XXX. The XXX at the end only refers to the head office, so both routes your payment to Newedge Group (Madrid Branch) in Madrid.
How long does a transfer to Newedge Group (Madrid Branch) take in Spain?
SEPA payments in euros normally arrive the next business day. 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.