SWIFT/BIC code CGRDITM1XXX
CGRDITM1XXX belongs to Cofide Gruppo de Benedetti SPA in Milano, Italy.
Code details
| SWIFT/BIC code | CGRDITM1XXX |
|---|---|
| 8-character code | CGRDITM1 |
| Branch code | XXX |
| Bank | Cofide Gruppo de Benedetti SPA |
| Branch | Head office |
| City | Milano |
| Country | Italy |
The way the Cofide Gruppo de Benedetti SPA SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- CGRD 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 is behind SWIFT code CGRDITM1XXX?
CGRDITM1XXX identifies the main office of Cofide Gruppo de Benedetti SPA in Milano, Italy. Use it when a payment to Cofide Gruppo de Benedetti SPA does not need a specific branch.
What does each part of CGRDITM1XXX mean?
CGRD is the institution code of Cofide Gruppo de Benedetti SPA, IT stands for Italy, M1 is the code for the city or region and XXX means the main office.
Are CGRDITM1 and CGRDITM1XXX the same code?
Yes, they are. CGRDITM1 is the 8-character version of CGRDITM1XXX. XXX simply refers to the head office, so both will reach Cofide Gruppo de Benedetti SPA in Milano.
Do I need CGRDITM1XXX to send euros to Italy?
Italy is part of the SEPA area. For euro transfers the IBAN normally suffices and many banks fill in the BIC automatically. For other currencies you do need CGRDITM1XXX.
What is the cheapest way to send money to Cofide Gruppo de Benedetti SPA?
Many banks add several percent to the exchange rate on top of a fee. Compare what you receive in Euro with transfer services before you send.
How long does it take to send money to Cofide Gruppo de Benedetti SPA?
SEPA payments in euros usually arrive within one business day. Payments in other currencies can take 1–3 business days.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.