BNL Explains SWIFT BIC Codes for Secure Global Transfers

Published: 08/14/2025
international remittance SWIFT code bank information
This article provides an in-depth analysis of the SWIFT/BIC code for BANCA NAZIONALE DEL LAVORO S.P.A., highlighting its importance in international remittances. It offers recommendations for verifying bank information before making a transfer and includes information about the support services provided by Xe.
BNL Explains SWIFT BIC Codes for Secure Global Transfers

In today's globalized financial landscape, international money transfers serve as more than just transactions between individuals and businesses—they act as vital bridges connecting national economies. For anyone sending funds across borders, ensuring timely and secure delivery is paramount, and this requires careful attention to every detail, particularly the SWIFT/BIC code. This 8 to 11-character alphanumeric code serves as the key identifier for specific banks and their branches worldwide.

Selecting the correct SWIFT/BIC code is essential for all international transfers. Taking Italy's "BANCA NAZIONALE DEL LAVORO S.P.A." as an example, its SWIFT/BIC code "BNLIITRRARX" demonstrates how each component influences the security and speed of transactions.

Decoding the SWIFT/BIC Structure

  • Bank Code (BNLI): These four letters identify BANCA NAZIONALE DEL LAVORO S.P.A.
  • Country Code (IT): The two-letter designation for Italy.
  • Location Code (RR): Indicates the bank's headquarters location.
  • Branch Code (ARX): The final three characters specify a particular branch. A code ending with "XXX" denotes the bank's head office.

Essential Bank Information

Bank Name: BANCA NAZIONALE DEL LAVORO S.P.A.

SWIFT/BIC Code: BNLIITRRARX

8-Character SWIFT Code: BNLIITRR

Branch Name: BANCA NAZIONALE DEL LAVORO S.P.A.

Address: VIA GUIDO MONACO 74, AREZZO

The Importance of Accuracy in International Transfers

Incorrect SWIFT codes can lead to delayed or lost funds during international transfers. Before initiating any transaction, verify these critical details:

  • Bank Name Verification: Confirm the recipient bank's name matches the provided SWIFT code.
  • Branch Information: When using a branch-specific SWIFT code, ensure it corresponds to the recipient's branch.
  • Country Confirmation: Verify that the SWIFT code matches the country where the transfer is being sent.

Streamlining Cross-Border Transactions

In our increasingly digital and interconnected world, secure international money transfers have become more crucial than ever. The correct use of SWIFT/BIC codes remains fundamental to ensuring successful transactions across borders.

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