SWIFT/BIC code SGSEESM1XXX
SGSEESM1XXX belongs to Sg Securities Madrid S.v.b., S.A. in Madrid, Spain.
Code details
| SWIFT/BIC code | SGSEESM1XXX |
|---|---|
| 8-character code | SGSEESM1 |
| Branch code | XXX |
| Bank | Sg Securities Madrid S.v.b., S.A. |
| Branch | Head office |
| City | Madrid |
| Country | Spain |
The way the Sg Securities Madrid S.v.b., S.A. SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- SGSE 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 is behind SWIFT/BIC code SGSEESM1XXX?
SGSEESM1XXX identifies the head office of Sg Securities Madrid S.v.b., S.A. in Madrid, Spain. It is the code to use when a payment to Sg Securities Madrid S.v.b., S.A. does not need a specific branch.
What does each part of SGSEESM1XXX mean?
SGSE is the bank code of Sg Securities Madrid S.v.b., S.A., ES stands for Spain, M1 is the code for the city or region and XXX marks the main office.
What is the best way to send money to Sg Securities Madrid S.v.b., S.A.?
Banks often add 1–3% to the exchange rate on top of a fee. Check the amount that arrives in Euro with specialist providers before you send.
What happens if I enter SGSEESM1XXX with a typo?
The payment may be delayed, returned or charged extra fees. Double-check SGSEESM1XXX against the details from Sg Securities Madrid S.v.b., S.A. before you confirm.
Do I need SGSEESM1XXX to send euros to Spain?
Spain belongs to the SEPA area. When you send euros the IBAN is usually enough. For other currencies you still need SGSEESM1XXX.
How long does it take to send money to Sg Securities Madrid S.v.b., S.A.?
SEPA payments in euros usually arrive within one 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.