Sociedad Espanola de Sistemas de Pago, S.A. SWIFT/BIC code

IPAYESMM – the SWIFT/BIC code of Sociedad Espanola de Sistemas de Pago, S.A.

Whether a recipient gives you IPAYESMM or IPAYESMMXXX, it is the identical address for Sociedad Espanola de Sistemas de Pago, S.A. in Spain. A BIC does one job: it makes sure that a cross-border transfer reaches the right bank. In practice you mostly see it on invoices from abroad, in payment forms and in the bank details of Sociedad Espanola de Sistemas de Pago, S.A. customers.

This page is meant to help anyone who sends money to an account at Sociedad Espanola de Sistemas de Pago, S.A.. The SWIFT code alone cannot identify an individual account holder; for that you need the account number or IBAN .

When will the money arrive at Sociedad Espanola de Sistemas de Pago, S.A.?

How quickly a payment arrives at Sociedad Espanola de Sistemas de Pago, S.A. depends on a few things: which currency you send, how many intermediary banks are involved, cut-off times and differences in time zone. Payments made late in the day or just before a weekend or public holiday usually start a business day later. Occasionally a bank wants to know what the payment is for, which can hold things up.

If the money seems late, ask your bank about the tracking status so they can trace it along the chain. Save your transfer receipt until the recipient confirms; it contains the details a bank needs to start a trace.

Only the sending bank is able to request a trace. Ask the sender for the payment receipt – it helps your own bank look for the money.

Sending money abroad from Sociedad Espanola de Sistemas de Pago, S.A.

When you transfer money abroad through Sociedad Espanola de Sistemas de Pago, S.A., the fee you see is only part of the cost. You pay the transfer fee, sometimes fees charged by intermediary banks along the way and, above all, the exchange rate markup when the money is converted.

The markup on the rate is often the biggest cost even though it is not listed as a fee. A simple test: put the bank’s rate next to the mid-market rate and look at the difference.

For a lot of routes, a specialist provider turns out to be cheaper than a bank. GoldexPay compares what recipients receive with different providers. You can always use your account at Sociedad Espanola de Sistemas de Pago, S.A. to fund the transfer.

Head office or branch code at Sociedad Espanola de Sistemas de Pago, S.A.?

Having 3 codes in 1 cities, Sociedad Espanola de Sistemas de Pago, S.A. belongs to the banks that use separate codes for parts of the organisation and departments. The head office code remains IPAYESMMXXX.

In most cases you do not need to pick a branch: transfers sent to IPAYESMMXXX are routed within Sociedad Espanola de Sistemas de Pago, S.A. correctly. If you have been given a specific code, use it as it is rather than replacing it with the head office code.

The best way is to take the code directly from the account holder’s statement. Codes for branches are more likely to be retired than IPAYESMMXXX.

Where our SWIFT data comes from

The codes on this page are taken from publicly available data. It can happen that a code here is out of date, for example after a merger. The number of codes we show reflect what is in our directory, not official figures from Sociedad Espanola de Sistemas de Pago, S.A..

Use our data as a reference, not as the final word. GoldexPay is independent of Sociedad Espanola de Sistemas de Pago, S.A.; we are a comparison site for money transfers. If you notice something that is out of date, we appreciate a message via the contact page.

Scams that use SWIFT codes

A common scam works like this: an email arrives with a request claiming that a contact now has new bank details and that the next payment should go there. A real SWIFT code says nothing about whether the request is genuine.

Verify new bank details via a separate channel, such as a phone number you already know. Pressure or secrecy are red flags. When a payment has already gone to the wrong account, call your bank right away: the sooner they act, the better the chance of a recall.

People receiving money can be targeted as well: one known trick is an overpayment followed by a request to refund the difference abroad. Wait until the money has really arrived – ask Sociedad Espanola de Sistemas de Pago, S.A. if something looks wrong.

8 or 11 characters: IPAYESMM versus IPAYESMMXXX

A BIC is built from fixed blocks: characters one to four stand for the bank, the next two give the country and the two after that indicate the location. For Sociedad Espanola de Sistemas de Pago, S.A., that core is IPAYESMM.

The long version adds three more characters that identify a branch or department. When those three characters are XXX, they simply mean the head office.

Do not add spaces or dashes when you type IPAYESMM; the code is always written in one block. A wrong letter can send the money to another bank, so copy it carefully.

What to give a sender who pays you at Sociedad Espanola de Sistemas de Pago, S.A.

When you are waiting for a payment from another country, give the sender everything they need in one go. That means: your name exactly as it appears on the account, your account number or IBAN, the SWIFT/BIC code IPAYESMMXXX (or IPAYESMM) and, often, your postal address.

You can add Sociedad Espanola de Sistemas de Pago, S.A. and Madrid as well. Double-check each detail before you share them, because the sender’s bank usually copies them as is.

An incoming payment does not always land in full. Intermediary banks may deduct a fee and your own bank may charge for processing, and when currencies differ, an exchange rate margin comes on top. Make clear with the sender who covers the fees.

Sending EUR to Sociedad Espanola de Sistemas de Pago, S.A.

Spain pays in the Euro, with the currency code EUR. A payment in a foreign currency will be exchanged into EUR, and whoever converts it chooses the rate. Each conversion eats into something, even when no fee is shown.

Where the conversion happens has an effect on the final amount. Check what EUR arrives with several providers; the difference between options can be larger than you expect.

The EUR rate fluctuates throughout the day. If you pay regularly, a slightly better rate make a real difference over a year.

Before you send: check the Sociedad Espanola de Sistemas de Pago, S.A. code

Have the recipient copy the bank details straight from their banking app. Compare that code with IPAYESMM on this page; if they differ, ask before you pay.

An incorrect BIC may lead to delays, a returned payment or additional charges for investigation. An error in the account number is more serious because it can reach the wrong person.

Many banking apps check the structure of IBANs and sometimes look up the BIC automatically – that confirms the format, not the owner. Where available, a payee name check on the recipient adds an extra layer of safety. A small test payment can be worth it for large sums.

Paying Sociedad Espanola de Sistemas de Pago, S.A. in euros within SEPA

Spain is a member of the Single Euro Payments Area (SEPA), where euro transfers follow common rules. For a regular euro transfer from another SEPA country, you normally only need the IBAN; many banks no longer ask for the BIC.

A SWIFT code like IPAYESMM does come into play for payments in other currencies. If your banking app asks for the BIC anyway, entering IPAYESMM does no harm.

SEPA transfers usually arrive by the next business day; instant payments are faster if both banks offer them. Charges on SEPA payments are generally low.