BNL SPA SWIFTBIC Code Key Details Explained

This article provides a detailed overview of the SWIFT/BIC code for BANCA NAZIONALE DEL LAVORO S.P.A., including its components and significance in international remittance. It also offers practical advice for verifying transfer information to ensure the security and accuracy of transactions.
BNL SPA SWIFTBIC Code Key Details Explained

In global financial transactions, the accuracy and security of wire transfers are paramount, and SWIFT/BIC codes serve as indispensable tools in this process. When initiating an international transfer, one critical piece of information you’ll need is the correct SWIFT/BIC code for the recipient’s bank. For BANCA NAZIONALE DEL LAVORO S.P.A., a prominent Italian bank, this code plays a vital role in ensuring funds reach their intended destination swiftly and securely.

Understanding SWIFT/BIC Codes

A SWIFT/BIC code is an 8–11 character alphanumeric identifier used to pinpoint specific banks and their branches worldwide. For BANCA NAZIONALE DEL LAVORO S.P.A., the code breaks down as follows:

  • Bank Code (BNLI) : Identifies BANCA NAZIONALE DEL LAVORO S.P.A.
  • Country Code (IT) : Confirms the bank’s location in Italy.
  • Location Code (RR) : Points to the bank’s headquarters city.
  • Branch Code (BAG) : Specifies a particular branch (if applicable).

The full SWIFT/BIC code for BANCA NAZIONALE DEL LAVORO S.P.A. is BNLIITRRBAG , where "BNLIITRR" typically refers to the bank’s primary address, and "BAG" designates a specific branch. A code ending with "XXX" usually indicates the bank’s headquarters.

Key Considerations for Accurate Transfers

To avoid delays or errors in international wire transfers, verifying the SWIFT/BIC code is essential. Here are critical steps to follow:

  • Confirm the Bank Name : Ensure the recipient’s bank name matches exactly to prevent misdirected funds.
  • Verify the Branch : If using a branch-specific code, double-check that it aligns with the recipient’s branch.
  • Check the Country Cross-validate that the SWIFT code’s country designation matches the recipient bank’s location.

By understanding the structure and significance of SWIFT/BIC codes, individuals and businesses can execute international transactions with confidence. For BANCA NAZIONALE DEL LAVORO S.P.A. and other financial institutions, these codes are the backbone of secure and efficient cross-border payments.