When conducting international wire transfers, one of the most critical pieces of information required is the SWIFT code of the recipient's bank branch. Whether for personal transactions or large-scale business payments, ensuring the accuracy of this code is essential for secure and successful fund transfers. For those banking with Banca Di San Marino Spa, this guide provides a detailed breakdown of each branch's SWIFT code to facilitate seamless international transactions.
What Is a SWIFT Code?
A SWIFT code, also known as a Bank Identifier Code (BIC), is a unique identification number assigned to financial institutions by the Society for Worldwide Interbank Financial Telecommunication (SWIFT). Comprising 8 to 11 characters, the code specifies the bank's location, country, and branch. It serves as a global standard for identifying banks during cross-border transactions, ensuring funds reach the intended destination without errors.
Overview of Banca Di San Marino Spa
Founded in 1885, Banca Di San Marino Spa is a well-established financial institution offering a range of services, including personal and corporate banking, investments, and wealth management. With a network extending across San Marino and into Italy, the bank provides reliable financial solutions tailored to diverse client needs.
Branch-Specific SWIFT Codes
Below is a comprehensive list of Banca Di San Marino Spa's branches along with their corresponding SWIFT codes:
- MAOISMSM001 – VIA GINO GIACOMINI, 128, SAN MARINO, FC, 47890
- MAOISMSM002 – VIA TRE SETTEMBRE, 252, DOGANA, FC, 47891
- MAOISMSM003 – VIA 25 MARZO, 4, DOMAGNANO, FC, 47895
- MAOISMSM005 – VIA O. SCARITO, 68, VALDRAGONE, FC, 47893
- MAOISMSM006 – VIA STRADA DELLA CROCE, 39, FAETANO, FC, 47896
- MAOISMSM009 – VIA F. DA MONTEBELLO, 22, GUALDICCIOLO, FC, 47892
- MAOISMSM010 – VIA CAMPOLUNGO, 59, DOGANA, FC, 47891
- MAOISMSM011 – VIA DEL SERRONE, 67/B, MURATA, FC, 47890
For transactions where a specific branch code is unavailable, the bank's headquarters' SWIFT code can be used to route funds through its central processing system.
Preparing for an International Transfer
Before initiating a transfer, consider the following steps to avoid delays or errors:
- Verify the SWIFT code : Confirm the accuracy of the recipient bank's SWIFT code through official sources.
- Double-check recipient details : Ensure the recipient's full name, address, and account number are correct.
- Specify the purpose : Some banks require a clear description of the transaction's purpose for compliance.
- Review fees and exchange rates : Understand all applicable charges and the prevailing exchange rate to avoid unexpected costs.
Key Considerations for International Transfers
To ensure a smooth transaction, keep these points in mind:
- Transfers typically take 1–5 business days, depending on the destination.
- Retain transaction receipts for reference and dispute resolution.
- Monitor exchange rate fluctuations, as they may affect the final amount received.
Frequently Asked Questions
What happens if I enter an incorrect SWIFT code?
An incorrect code may result in delayed or failed transfers. Always verify the code before submission.
Can I track my international transfer?
Yes, most banks and transfer services provide tracking options using a unique transaction reference number.
Are international transfers reversible?
Once processed, transfers are generally irreversible. Contact your bank immediately if an error occurs.
What if the recipient hasn't received the funds?
Contact your bank or service provider with the transaction details to initiate an investigation.
Conclusion
Accurate SWIFT codes are indispensable for successful international wire transfers. Banca Di San Marino Spa's extensive branch network and clear identification system streamline cross-border transactions for individuals and businesses alike. By adhering to the guidelines outlined above, users can minimize risks and ensure timely delivery of funds.