SWIFT/BIC code XMDGMGM1XXX
XMDGMGM1XXX belongs to Marche Interbancaire des Devises M.i.d. in Antananarivo, Madagascar.
Code details
| SWIFT/BIC code | XMDGMGM1XXX |
|---|---|
| 8-character code | XMDGMGM1 |
| Branch code | XXX |
| Bank | Marche Interbancaire des Devises M.i.d. |
| Branch | Head office |
| City | Antananarivo |
| Country | Madagascar |
The way the Marche Interbancaire des Devises M.i.d. SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- XMDG Bank code
- 4 letters that identify the bank.
- MG 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 SWIFT code XMDGMGM1XXX?
XMDGMGM1XXX is the SWIFT/BIC code of the headquarters of Marche Interbancaire des Devises M.i.d. in Antananarivo, Madagascar. It is the code to use when a payment to Marche Interbancaire des Devises M.i.d. does not need a specific branch.
What do I need to send money to an account at Marche Interbancaire des Devises M.i.d.?
Have ready the SWIFT/BIC code XMDGMGM1XXX, the account number or IBAN of the recipient, their full name and address. Madagascar uses international SWIFT transfers, so the BIC is required.
What is the best way to send money to Marche Interbancaire des Devises M.i.d. in Madagascar?
Many banks add 1–3% to the exchange rate on top of a fee. Compare the amount that arrives in Madagascar with transfer services before you send – the difference can be large.
What do the letters in XMDGMGM1XXX stand for?
XMDG is the institution code of Marche Interbancaire des Devises M.i.d., MG is the ISO code of Madagascar, M1 is the code for the city or region and XXX marks the main office.
How long does it take to send money to Marche Interbancaire des Devises M.i.d.?
A SWIFT payment typically takes 1–5 business days, because of correspondent banks and time zones. Specialist transfer services are often quicker than a bank.
Does Marche Interbancaire des Devises M.i.d. have only one SWIFT/BIC code?
Yes – XMDGMGM1XXX is the single SWIFT/BIC code listed for Marche Interbancaire des Devises M.i.d. in Madagascar, so there is no branch code to choose.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.