SWIFT/BIC code BONTITM1XXX
BONTITM1XXX belongs to ING Sviluppo Gestioni SPA in Milano, Italy.
Code details
| SWIFT/BIC code | BONTITM1XXX |
|---|---|
| 8-character code | BONTITM1 |
| Branch code | XXX |
| Bank | ING Sviluppo Gestioni SPA |
| Branch | Head office |
| City | Milano |
| Country | Italy |
The way the ING Sviluppo Gestioni SPA SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- BONT 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
What bank uses SWIFT code BONTITM1XXX?
BONTITM1XXX identifies the main office of ING Sviluppo Gestioni SPA in Milano, Italy. It is the code to use when you send money to an account at ING Sviluppo Gestioni SPA.
What is the best way to send money to ING Sviluppo Gestioni SPA in Italy?
Many banks add 1–3% to the exchange rate on top of a fee. Check the amount that arrives in Euro with specialist providers before you send – the difference can be large.
What does each part of BONTITM1XXX mean?
BONT is the institution code of ING Sviluppo Gestioni SPA, IT is the ISO code of Italy, M1 is the code for the city or region and XXX marks the main office.
How long does it take to send money to ING Sviluppo Gestioni SPA in Italy?
SEPA payments in euros normally arrive the next business day. Payments in other currencies can take 1–3 business days.
Do I need BONTITM1XXX to send euros to Italy?
Italy belongs to the SEPA area. For euro transfers the IBAN normally suffices and many banks fill in the BIC automatically. If you send another currency you still need BONTITM1XXX.
Is BONTITM1 and BONTITM1XXX the same code?
Yes. BONTITM1 is the short version of BONTITM1XXX. XXX simply means head office, so both routes your payment to ING Sviluppo Gestioni SPA in Milano.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.