SWIFT / BIC
SWIFT/BIC code of Sociedad Espanola de Sistemas de Pago, S.A.
IPAYESM2 · Spain
- BIC, 8 characters
- IPAYESM2
- BIC, 11 characters
- IPAYESM2XXX
- Country
- Spain
- Address
- C/ Marques de Villamagna 6 Floor 3 Madrid 28001 Spain
Source: ISO 9362 BIC registry, head-office codes only, no branch codes. Check the code with the bank before sending a large transfer.
How IPAYESM2 is built
| Positions | Length | Meaning |
|---|---|---|
| 1–4 | 4 | IPAY Bank code |
| 5–6 | 2 | ES Country |
| 7–8 | 2 | M2 Location |
| 9–11 | 3 | XXX Branch · XXX or omitted = head office |
Other codes of Sociedad Espanola de Sistemas de Pago, S.A.
Other SWIFT codes in Spain
How to use IPAYESM2 for a transfer
Give the sender two things: the BIC IPAYESM2 (or IPAYESM2XXX if the form asks for 11 characters) and your account number at Sociedad Espanola de Sistemas de Pago, S.A. In Spain the account number is the IBAN, 24 characters starting with ES. Check both on your bank statement before sending a large amount: a wrong code delays the transfer or sends it back with fees.
The BIC (Business Identifier Code), commonly called SWIFT code, identifies a bank or institution in international payments. It has 8 or 11 characters: 4 letters for the institution, 2 for the country, 2 for the location, and an optional 3 for the branch. XXX, or no branch code at all, means the head office.
Questions
What is the SWIFT code of Sociedad Espanola de Sistemas de Pago, S.A.?
The SWIFT/BIC code of Sociedad Espanola de Sistemas de Pago, S.A. is IPAYESM2. In the 11-character form it is IPAYESM2XXX, where XXX stands for the head office.
Is IPAYESM2 a SWIFT code or a BIC?
Both: BIC is the ISO 9362 name of the code, SWIFT the network that assigns it. IPAYESM2 is the same code under either name.
Do I also need the IBAN to receive money at Sociedad Espanola de Sistemas de Pago, S.A.?
Spain uses the IBAN: the account number to give with the BIC is the IBAN, 24 characters long and starting with ES. See the IBAN format of Spain.
Can I receive international transfers with iSwiss Pay?
Yes. The iSwiss Pay euro, US dollar and pound accounts each come with their own coordinates, including the BIC where applicable, and receive SWIFT and local transfers.
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