SWIFT/BIC code AFULITM1XXX
AFULITM1XXX belongs to Absolute Funding S.r.l. in Milano, Italy.
Code details
| SWIFT/BIC code | AFULITM1XXX |
|---|---|
| 8-character code | AFULITM1 |
| Branch code | XXX |
| Bank | Absolute Funding S.r.l. |
| Branch | Head office |
| City | Milano |
| Country | Italy |
How the Absolute Funding S.r.l. SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- AFUL Bank code
- 4 letters that identify the bank.
- IT Country code
- 2 letters for the country (ISO 3166).
- M1 Location code
- 2 characters for the city or region of the head office.
- XXX Branch code
- 3 characters for a specific branch. XXX means the head office.
Check before you send
- Ask the recipient which bank and branch the account is held at.
- Use the head office code (XXX) when no branch is specified.
- Make sure the country in the code matches the country of the account.
Frequently asked questions
Which institution uses BIC AFULITM1XXX?
The code AFULITM1XXX belongs to the main office of Absolute Funding S.r.l. in Milano, Italy. Use it when a payment to Absolute Funding S.r.l. does not need a specific branch.
What does each part of AFULITM1XXX stand for?
AFUL is the bank code of Absolute Funding S.r.l., IT stands for Italy, M1 is the location code and XXX means the head office.
How long does it take to send money to Absolute Funding S.r.l.?
SEPA payments in euros normally arrive the next business day, instant payments within seconds. Transfers in other currencies can take 1–3 business days.
Do I need AFULITM1XXX for a euro transfer to Italy?
Italy is part of the SEPA area. When you send euros the IBAN normally suffices and many banks fill in the BIC automatically. If you send another currency you do need AFULITM1XXX.
Are AFULITM1 and AFULITM1XXX the same SWIFT code?
Yes, they are. AFULITM1 is the 8-character version of AFULITM1XXX. XXX simply means head office, so either version will reach Absolute Funding S.r.l. in Milano.
What happens if I use AFULITM1XXX with a typo?
Your transfer can bounce, get stuck or cost extra. Double-check AFULITM1XXX with the recipient before you confirm.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.