When initiating an international wire transfer, the complexity of SWIFT/BIC codes often poses a challenge. This is particularly true for transactions involving Italian financial institutions. One such institution, Intesa Sanpaolo S.p.A. , requires precise identification through its unique SWIFT code to ensure seamless cross-border transactions.
The bank’s primary SWIFT code, BCITITMM 029 , serves as its global identifier in the financial network. The first eight characters ( BCITITMM ) designate the bank and its location, while the trailing three digits ( 029 ) specify a particular branch. This alphanumeric sequence is indispensable for both sending and receiving funds internationally, as it minimizes errors and delays in processing.
For instance, when transferring money to an account held at Intesa Sanpaolo, the inclusion of the complete SWIFT code ensures the funds are routed accurately. The bank’s physical address— Via Licinio Refice 75, Frosinone, FR, 03100, Italy —further aids in geographic verification, though the SWIFT code remains the critical component for electronic transactions.
It is essential to verify the most current SWIFT code before executing a transfer, as these identifiers are periodically updated. This precaution is especially vital for high-value transactions, where accuracy is paramount.
By understanding these details, individuals and businesses can navigate international payments with greater confidence and efficiency.