Imagine you are preparing to send money to Intesa Sanpaolo S.p.A., one of Italy’s largest banks. If you are unsure about the accuracy of the SWIFT code, your transaction could face delays, misdirection, or even rejection. So, what is the correct SWIFT/BIC code for Intesa Sanpaolo S.p.A.? The answer is: BCITITMM 050 .
When making international transfers, selecting the right SWIFT/BIC code is critical. These codes, defined by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), serve as unique identifiers for financial institutions, ensuring that cross-border payments are processed accurately. A SWIFT/BIC code typically consists of 8 to 11 characters. The first four letters represent the bank code, followed by two letters indicating the country. The next two characters usually denote the location, and if the code includes three additional digits, they specify a particular branch. This structured format allows for efficient routing of funds.
For Intesa Sanpaolo S.p.A., the SWIFT/BIC code is BCITITMM 050 . The bank is headquartered in Biella, Italy, with the address: Via Italia 17/C, Biella, BI, 13051 . Whether you are initiating a transfer through a traditional bank, a money transfer service, or an online platform, providing the correct SWIFT code is essential to ensure your funds reach the intended account without complications.
Before finalizing any international payment, double-check the SWIFT/BIC code. An incorrect code can lead to frustrating outcomes, such as delayed transfers, misdirected funds, or failed transactions. These issues not only waste time but may also incur additional fees. To avoid such problems, it is advisable to confirm the SWIFT/BIC code directly with the recipient before proceeding with the transfer.
In summary, verifying the SWIFT/BIC code is a crucial step in international banking. By ensuring the accuracy of this code, you can facilitate secure and timely transactions, minimizing the risk of unnecessary delays or financial losses. As global transactions become increasingly common, understanding and correctly using SWIFT/BIC codes is an essential skill for seamless cross-border payments.