In global financial transactions, SWIFT/BIC codes have become indispensable tools for every remitter. These codes enable precise identification of specific banks and their branches, ensuring smooth international fund transfers. For those needing to send money to Italy's Intesa Sanpaolo SPA, understanding its SWIFT code is crucial. This information directly impacts transaction security, speed, and accuracy.
Understanding SWIFT/BIC Codes
The SWIFT code (Society for Worldwide Interbank Financial Telecommunication) serves as an international bank identifier for financial messaging. Beyond identification, it provides a standardized method to facilitate seamless fund transfers. A typical SWIFT/BIC code consists of 8 to 11 characters with the following structure:
- Bank Code (4 letters): Identifies the specific financial institution
- Country Code (2 letters): Indicates the bank's country of origin
- Location Code (2 letters/numbers): Specifies the bank's city or headquarters
- Branch Code (3 letters/numbers, optional): Identifies specific branches when required
Example:
Intesa Sanpaolo SPA's SWIFT code
BCITITMM029
breaks down as:
- Bank Code: BCIT (Intesa Sanpaolo SPA)
- Country Code: IT (Italy)
- Location Code: MM (Milan headquarters)
- Branch Code: 029 (specific branch identifier)
Intesa Sanpaolo SPA's SWIFT Code Details
The complete SWIFT/BIC information for Intesa Sanpaolo SPA includes:
- Full SWIFT/BIC Code: BCITITMM029
- 8-character SWIFT Code: BCITITMM (without branch code)
- Branch Code: 029
- Branch Name: Intesa Sanpaolo SPA
- Address: Via Licinio Refice 75, Frosinone, Italy
Ensuring Accurate Transfers
To prevent transfer issues and delays, consider these verification steps:
- Confirm bank name: Ensure the recipient bank name matches exactly with official records
- Verify branch details: When using branch-specific codes, confirm the correct branch information through official channels
- Check country code: Verify the SWIFT code's country designation matches the transfer destination
Streamlining International Transfers
Modern financial services offer significant advantages for international transfers compared to traditional banking:
- Competitive exchange rates: Often more favorable than standard bank rates
- Transparent fee structures: Clear disclosure of all transaction costs
- Expedited processing: Many services offer same-day transfers
- User-friendly platforms: Intuitive interfaces simplify the transfer process
Transfer Process Overview
A typical international transfer involves these steps:
- Account registration with verification
- Input of recipient details (including SWIFT code)
- Amount specification with rate confirmation
- Transaction review and confirmation
- Transfer tracking until completion
Common Questions
Where can I find SWIFT/BIC codes?
Most banks provide this information on their websites or through customer service channels.
What happens with incorrect SWIFT codes?
Errors may cause transfer delays or failed transactions, requiring additional verification steps.
How long do international transfers take?
Processing times vary by service provider, destination country, and banking hours, typically ranging from same-day to several business days.