In international money transfers, ensuring the safety and accuracy of funds reaching the intended recipient is a top priority. One critical tool for achieving this is the SWIFT/BIC code, a standardized format that facilitates seamless cross-border transactions.
This article provides essential information about the SWIFT/BIC code for Banca Nazionale del Lavoro S.p.A., along with key considerations for international transfers.
The SWIFT/BIC Code for Banca Nazionale del Lavoro S.p.A.
Bank Name: Banca Nazionale del Lavoro S.p.A.
SWIFT/BIC Code: BNLIITRRAVX
City: Avellino
Address: Via Salvatore De Renzi 34-40, Avellino, AV, 83100
Country: Italy
Understanding SWIFT/BIC Codes
SWIFT codes, also known as Bank Identifier Codes (BIC), serve as unique identifiers for financial institutions worldwide. These codes play a vital role in international wire transfers by:
- Ensuring funds reach the correct bank and branch
- Facilitating faster processing of transactions
- Reducing the risk of errors in fund routing
When sending money to Banca Nazionale del Lavoro S.p.A.'s Avellino branch, using the correct SWIFT code (BNLIITRRAVX) is essential for successful transaction completion.
Best Practices for International Transfers
To ensure smooth and secure international money transfers:
- Always verify the recipient's SWIFT/BIC code before initiating a transfer
- Confirm the accuracy of all account details, including the recipient's name and account number
- Be aware that SWIFT/BIC codes may be updated periodically, so verify their current validity
- Consider potential processing times and fees associated with international transfers
Whether conducting business transactions or sending personal remittances, proper use of SWIFT/BIC codes provides an additional layer of security and efficiency for international banking operations.