In today's globalized economy, ensuring secure and efficient international money transfers has become essential. The SWIFT/BIC code serves as a critical link between banks, facilitating the smooth movement of funds across borders. For those conducting business with Intesa Sanpaolo SPA, Italy's prominent banking institution, understanding its specific SWIFT code is fundamental.
Intesa Sanpaolo SPA's SWIFT Code Details
The official SWIFT code for Intesa Sanpaolo SPA is BCITITMM029 . The bank's branch is located at Via Licinio Refice 75 in Frosinone, Italy, with the postal code 03100. This alphanumeric identifier is indispensable for various financial operations including wire transfers, bill payments, and other cross-border transactions.
Decoding SWIFT/BIC Structure
SWIFT/BIC codes typically consist of 8 to 11 characters, each serving a specific purpose in identifying the financial institution. The first four letters represent the bank code, followed by two-character country code, two-character location code, and an optional three-character branch code. Notably, when a BIC code ends with "XXX," this indicates the institution serves as the primary office, often translating to enhanced transaction reliability.
Ensuring Transaction Success
Financial experts emphasize the importance of verifying both the recipient bank's name and its current SWIFT/BIC code before initiating international transfers. Even minor discrepancies in this information can result in delayed or failed transactions. Account holders are advised to confirm their bank's latest transfer requirements and associated fees to prevent unexpected complications.
Banking institutions typically require complete and accurate information for international transfers, including the recipient's account number, full name, and the precise SWIFT code. Providing incomplete details may result in processing delays or additional verification steps.
Protecting Your Financial Transactions
Whether conducting personal remittances or corporate transactions, safeguarding funds remains paramount. Understanding and correctly applying SWIFT/BIC codes like BCITITMM029 for Intesa Sanpaolo SPA not only enhances financial literacy but also ensures seamless monetary transfers. Maintaining accurate records of these banking identifiers contributes to more efficient and secure international financial operations.