Have you ever been confused by the different bank codes when making international transfers? For those looking to send funds safely and efficiently to Italy, understanding the SWIFT/BIC codes of financial institutions is crucial. This article provides a detailed breakdown of Intesa Sanpaolo SPA's SWIFT code to help streamline your cross-border transactions.
Intesa Sanpaolo's SWIFT/BIC Code Explained
The SWIFT/BIC code for Intesa Sanpaolo SPA is BCITITMM 071 , used to identify the bank in international financial transactions. SWIFT codes typically consist of four components:
- Bank Code (BCIT) : Identifies Intesa Sanpaolo
- Country Code (IT) : Represents Italy
- Location Code (MM) : Specifies the bank's primary location
- Branch Code (071) : Identifies a specific service location
Bank Headquarters and Operational Details
Intesa Sanpaolo SPA's operational address is located in Assago, near Milan:
Palazzo B 7 Floor 5, Strada Milanofiori 3, Assago, MI, 20090, Italy
This location serves as one of the bank's key headquarters and a central hub for its international operations. Whether you're making personal transfers or conducting business transactions, using the correct SWIFT code ensures successful completion of your financial operations.
The Importance of Accurate SWIFT Codes
The BCITITMM 071 code plays a critical role in international money transfers. When initiating cross-border transactions, banking systems rely on SWIFT codes to precisely identify recipient banks, guaranteeing both security and efficiency in fund transfers. Incorrect or missing SWIFT information may lead to processing delays or, in rare cases, misdirected funds.
Before initiating any international transfer, it's advisable to verify the most current SWIFT code with your financial institution. For customers conducting transactions within Italy or internationally, understanding SWIFT codes is essential - it directly impacts both transaction speed and financial security.
Ensuring Smooth International Transactions
By familiarizing yourself with Intesa Sanpaolo's SWIFT/BIC code, you gain the knowledge needed for seamless and secure international transfers. This understanding helps minimize potential errors while enhancing the convenience of your financial transactions. Comprehensive knowledge of banking details facilitates smoother international money movement.