In international money transfers, a seemingly cryptic combination of letters and numbers—the SWIFT/BIC code—plays an indispensable role. These codes ensure that funds move securely and efficiently between financial institutions worldwide. Among global banks, Italy's INTESA SANPAOLO SPA stands out with its unique identifier: BCITITMM015.
Decoding the SWIFT/BIC Structure
SWIFT codes typically consist of 8 to 11 characters that uniquely identify banks and their branches globally. The code BCITITMM015 for INTESA SANPAOLO SPA breaks down as follows:
- BCIT : The bank code and country identifier (IT for Italy)
- ITMM : Specifies the bank's primary location and institution type
- 015 : Identifies the specific branch in Alessandria
Located at VIA MARENGO 28, ALESSANDRIA, AL, 15100, Italy, this particular branch of INTESA SANPAOLO SPA relies on its precise SWIFT code to facilitate seamless cross-border transactions. When initiating transfers to this institution, using the exact code BCITITMM015 guarantees accurate routing of funds.
Ensuring Transfer Accuracy
Verifying SWIFT codes before initiating international transfers remains crucial. Correct codes minimize processing risks and accelerate fund delivery. Understanding these identifiers empowers individuals and businesses to make informed decisions in global financial transactions, optimizing the flow of capital across borders.