
When conducting international wire transfers, selecting the correct bank code is crucial. The SWIFT/BIC code serves as a vital identifier to ensure funds reach their intended destination without delays or errors.
For those transferring funds to Banca Nazionale del Lavoro S.p.A. in Italy, the primary SWIFT code is BNLIITRRBAG . This corresponds to the bank's branch located at Via G. B. Verci 34, 36061 Bassano del Grappa, Italy.
While this universal code facilitates most transactions, some specific branch transfers may require more detailed SWIFT information. Verifying the complete code with the recipient before initiating any transfer is strongly recommended.
These standardized codes, developed by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), enable financial institutions to identify each other securely across borders. The system has become the backbone of global financial transactions, processing millions of instructions daily.
Errors in SWIFT code entry can result in significant delays, with funds potentially being routed incorrectly or returned to the sender. In some cases, retrieving misdirected payments may require lengthy investigations and additional fees.
Both individual senders and corporate entities should treat SWIFT code verification as a critical step in the transfer process. Many banking institutions now offer code validation tools within their online platforms, reducing the margin for error.
For those regularly conducting cross-border transactions, maintaining an updated database of frequently used SWIFT codes can streamline operations. However, periodic reconfirmation remains essential, as financial institutions occasionally update their codes due to mergers, acquisitions, or operational changes.