International Consolidated Airlines Group, S.A. SWIFT/BIC code

International Consolidated Airlines Group, S.A. SWIFT code: IAGLESMM

IAGLESMM and IAGLESMMXXX are two spellings of the same bank identifier, and both point to International Consolidated Airlines Group, S.A. in Madrid. A SWIFT code tells the sending bank exactly which bank should receive the money, much like a postcode for banks. It comes up mostly when dealing with transfers between countries and payments in foreign currencies.

Below you will find the practical questions: receiving money at International Consolidated Airlines Group, S.A., paying someone in another country and how to verify the code before you confirm a payment. Keep in mind that the BIC only identifies the bank, not the person: the account number or IBAN takes care of that.

International Consolidated Airlines Group, S.A.: head office code versus branch codes

Having 5 codes, International Consolidated Airlines Group, S.A. is one of the banks that register individual codes for parts of the organisation and departments. The head office code remains IAGLESMMXXX.

Unless the recipient tells you otherwise, use IAGLESMMXXX. Branch codes are only needed when the account holder specifically mentions it.

When in doubt, ask the person you are paying which code their bank gave them. Codes are sometimes changed or retired when banks reorganise, so do not rely on old paperwork.

IAGLESMM or IAGLESMMXXX – which one to use?

A BIC is built from a few fixed parts: the first four letters stand for the bank, characters five and six show the country and characters seven and eight indicate the location. For International Consolidated Airlines Group, S.A., the 8-character core is IAGLESMM.

The long version has a three-character extension that identify a branch or department. If the last three are XXX, they simply mean the head office, which is why IAGLESMMXXX and IAGLESMM lead to the same place.

Type the code as one block, in upper case and without spaces. A single letter may route a payment to another bank.

When will the money arrive at International Consolidated Airlines Group, S.A.?

An international transfer typically takes one to a few business days – it depends on currency, route and the banks in between. Bank holidays in the sending or receiving country add a day or more, since banks do not process on those days. Extra checks by one of the banks may also cause some delay.

If a transfer seems late, contact the sending bank about the status so they can trace it along the chain. Specialist transfer services often show tracking online showing where the money is.

A missing payment is traced from the sending side, using the payment confirmation. On the receiving end, you can look at your account to see a slightly lower amount, since fees may have been deducted.

Paying International Consolidated Airlines Group, S.A. in euros within SEPA

Because Spain is in the SEPA zone, a euro transfer to International Consolidated Airlines Group, S.A. from within the SEPA area usually only needs the IBAN. Most banking apps do not require the BIC for these payments.

You still need IAGLESMMXXX when sending non-euro payments or money from outside the SEPA area. If your banking app asks for the BIC anyway, adding IAGLESMM is fine.

Instant euro transfers have become increasingly available across SEPA. Provided the payment stays in euros, a SEPA transfer is inexpensive; costs rise once a conversion is involved.

Scams that use SWIFT codes

Be alert when someone unexpectedly asks you to pay into a different account. The fact that IAGLESMM exists does not mean that the account is legitimate – fraudsters use real bank codes as well.

Never rely on a phone number in the same message that announces the new account. Urgency and requests to keep it quiet are warning signs; a genuine business can wait for you to check. Acted too fast? Contact the bank you paid from without delay and have them start a recall.

Fraud can also target the receiver: someone sends more than agreed and wants you to return the extra via a different route. Do not act before the money has really arrived and check with International Consolidated Airlines Group, S.A. if anything seems off.

Sending money abroad from International Consolidated Airlines Group, S.A.

What you pay for an international transfer has more than one component – not just the fee on your screen. Besides the transfer fee, banks in between may take a cut, and when the money changes currency, the bank often applies a rate that is less favourable than the actual market rate.

Many banks rarely show the margin on the rate separately, but you pay it all the same. Check their rate against the mid-market rate, the midpoint between buy and sell rates you see on financial sites.

For a lot of currency pairs, a transfer service turns out to be less expensive than a traditional bank transfer, mainly because of the exchange rate. GoldexPay compares what recipients receive with different providers. You can still use your account at International Consolidated Airlines Group, S.A., while a cheaper service handles the conversion.

How up to date is this code?

The directory on GoldexPay is based on publicly available sources and is updated regularly. Even so, banks merge or retire codes. Counts and locations are from our own dataset and are not confirmed by International Consolidated Airlines Group, S.A..

Before any payment that matters, always confirm the BIC with International Consolidated Airlines Group, S.A. or with the recipient. GoldexPay is independent of International Consolidated Airlines Group, S.A.. Spotted outdated information? Let us know via our contact form.

Paying into International Consolidated Airlines Group, S.A. in EUR

The local currency of Spain is the Euro (EUR). When you pay money in a different currency it has to be converted somewhere along the way: by your bank, an intermediary or International Consolidated Airlines Group, S.A. itself. Every conversion eats into the amount, even when no fee is shown.

Where the conversion happens has an effect on the final amount. In many cases you pay less to send EUR directly via a provider with a good rate.

The EUR rate fluctuates constantly and quotes are often valid only for a short time. For recurring payments, small differences in the rate make a real difference over a year.

What to give a sender who pays you at International Consolidated Airlines Group, S.A.

If you are waiting for money from abroad, give the sender a complete set of details. What they need is: your name, IBAN or account number, IAGLESMMXXX and often your home address.

The sender’s bank may also ask for the bank address of International Consolidated Airlines Group, S.A., in which case the Madrid head office is the usual answer. A typo in the IBAN can be harder to fix than you might think.

Expect that the amount credited is smaller than what the sender paid. Intermediary banks may deduct a fee, and if the money is converted, a markup on the rate comes on top. Agree with the sender who covers the fees before the money is sent.

How to check IAGLESMM before you pay

The most reliable place for the right code remains a document from the bank itself, such as a statement or the account details in online banking. If the code you have does not match IAGLESMM or IAGLESMMXXX, do not guess.

If the code is wrong, the transfer may be delayed, be returned or cost extra – sometimes after weeks of searching. Do not forget the IBAN: an error there is more difficult to undo than a wrong code.

A format check in your banking app merely tells you that the IBAN exists. Where available, a payee name check on the recipient adds extra certainty. A small test payment is a sensible step for large sums.