SWIFT/BIC code SIPNUYM1XXX
SIPNUYM1XXX belongs to Sistema de Pagos Interbancarios in Montevideo, Uruguay.
Code details
| SWIFT/BIC code | SIPNUYM1XXX |
|---|---|
| 8-character code | SIPNUYM1 |
| Branch code | XXX |
| Bank | Sistema de Pagos Interbancarios |
| Branch | Head office |
| City | Montevideo |
| Country | Uruguay |
The way the Sistema de Pagos Interbancarios SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- SIPN Bank code
- 4 letters that identify the bank.
- UY 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 SIPNUYM1XXX?
SIPNUYM1XXX identifies the headquarters of Sistema de Pagos Interbancarios in Montevideo, Uruguay. It is the code to use when a payment to Sistema de Pagos Interbancarios does not need a specific branch.
How long does a transfer to Sistema de Pagos Interbancarios take?
A SWIFT payment usually takes 2–5 business days, because of intermediary banks and cut-off times. Money transfer services are often quicker and cheaper.
Are SIPNUYM1 and SIPNUYM1XXX the same code?
Yes, they are. SIPNUYM1 is the short version of SIPNUYM1XXX. The XXX at the end only refers to the head office, so both routes your payment to Sistema de Pagos Interbancarios in Montevideo.
What does each part of SIPNUYM1XXX stand for?
SIPN is the bank code of Sistema de Pagos Interbancarios, UY stands for Uruguay, M1 is the location code and XXX means the main office.
Which details do I need to send money to an account at Sistema de Pagos Interbancarios?
Have ready the SWIFT/BIC code SIPNUYM1XXX, the account number or IBAN of the recipient, their full name and address. Uruguay is not part of SEPA, so the BIC is required.
What is the best way to send money to Sistema de Pagos Interbancarios?
Banks often add several percent to the exchange rate on top of a fee. Compare what you receive in Uruguay with specialist providers before you send.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.