IPAYESMMGT1 — SOCIEDAD ESPANOLA DE SISTEMAS DE PAGO, S.A.
IPAYESMMGT1 is the SWIFT/BIC code for SOCIEDAD ESPANOLA DE SISTEMAS DE PAGO, S.A. in MADRID, Spain — an 11-character branch code under ISO 9362.
IPAYESMMGT1 is the SWIFT/BIC code for SOCIEDAD ESPANOLA DE SISTEMAS DE PAGO, S.A. in MADRID, Spain. It is an 11-character branch identifier under the ISO 9362 standard.
BIC breakdown (ISO 9362)
Head-office code: IPAYESMM
| Field | Value |
|---|---|
| Institution | SOCIEDAD ESPANOLA DE SISTEMAS DE PAGO, S.A. |
| Country | Spain (ES) |
| Location Code | MM |
| Branch | GARANTIAS |
| Type | 11-character branch code (BIC11) |
⚠️ Critical Money Transfer Warning (YMYL)
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Common Mistakes: Do not confuse the SWIFT/BIC code (identifies the bank branch) with the IBAN (identifies the specific bank account). Using an incorrect branch suffix or a deactivated code can result in payments being returned, delayed, or subject to significant administrative return fees.
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Related codes for this bank
Frequently asked questions
What bank does the SWIFT code IPAYESMMGT1 belong to?
The SWIFT code IPAYESMMGT1 identifies SOCIEDAD ESPANOLA DE SISTEMAS DE PAGO, S.A. in MADRID, Spain. This branch code is used for cross-border payments and SWIFT network routing.
What do the parts of the SWIFT code IPAYESMMGT1 mean?
The 8 or 11 characters of IPAYESMMGT1 are parsed as follows: characters 1-4 (IPAY) represent the bank code for SOCIEDAD ESPANOLA DE SISTEMAS DE PAGO, S.A.; characters 5-6 (ES) indicate the country code for Spain; characters 7-8 (MM) specify the location code; and the final characters (GT1) designate the specific branch.
Is the BIC code IPAYESMMGT1 active on the SWIFT network?
Yes, the Business Identifier Code (BIC) IPAYESMMGT1 is registered under ISO 9362 and is active for routing interbank messages. Location characters 'MM' designate it as a primary active participant.
Can I use the head office code IPAYESMM instead of IPAYESMMGT1?
Yes. The 8-character code IPAYESMM represents the primary headquarters of SOCIEDAD ESPANOLA DE SISTEMAS DE PAGO, S.A.. The 11-character code IPAYESMMGT1 targets the specific branch directly. If the branch code is unknown, sending payments to IPAYESMM (or IPAYESMMXXX) will route them to the main head office.
What is the physical address of the bank registered to IPAYESMMGT1?
The physical address registered for IPAYESMMGT1 is: C/MIGUEL ANGEL 23, FLOOR 2, 28010, MADRID, Spain. Verify this address matches your recipient's branch details before initiating a transaction.
Sources & References
- 🌐 ISO 9362: The official standard defining the Business Identifier Code (BIC) format guidelines.
- 🏢 SWIFT Registration Authority: The organization designated by ISO to register and publish BICs (swift.com).