In modern global financial transactions, SWIFT/BIC codes serve as the universal language for communication between banks worldwide. These codes play a critical role in facilitating cross-border payments efficiently and securely.
Understanding INTESA SANPAOLO SPA's Banking Details
INTESA SANPAOLO SPA, one of Italy's prominent financial institutions, operates with the SWIFT code BCITITMM050 . Headquartered in Biella, Italy, the bank's physical address is VIA ITALIA 17/C, BIELLA, BI, 13051. This information proves indispensable when initiating international transfers, particularly for sending funds from Italy to France.
When preparing a transfer to France, using INTESA SANPAOLO SPA's correct SWIFT code ensures smooth transaction processing. Current exchange rates indicate that a transfer of $10,000.00 USD from the United States would yield approximately €8,485.00 EUR for the recipient, reflecting the current dollar-to-euro exchange rate.
Transfer Options and Processing Times
Customers have multiple options for international money transfers through INTESA SANPAOLO SPA. The standard direct debit method typically completes within three business days. For those requiring faster transactions, instant transfer services may be available, though these often involve different fee structures.
The Importance of Code Verification
Accuracy in SWIFT code usage cannot be overstated. Entering an incorrect code may result in delayed processing or misdirected funds. Before initiating any international transfer, verification of the recipient bank's SWIFT code remains crucial for successful transaction completion.
Understanding various transfer methods, associated fees, and potential risks enables customers to make informed decisions about their international financial transactions. This knowledge contributes to more efficient use of funds and smoother cross-border banking experiences.