SWIFT/BIC code CITIITM1008
CITIITM1008 belongs to Citibank N.a. in Milano, Italy.
Code details
| SWIFT/BIC code | CITIITM1008 |
|---|---|
| 8-character code | CITIITM1 |
| Branch code | 008 |
| Bank | Citibank N.a. |
| Branch | Citibank Milan T2s 008 |
| City | Milano |
| Country | Italy |
The way the Citibank N.a. SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- CITI 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.
- 008 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 branch is behind SWIFT code CITIITM1008?
CITIITM1008 identifies Citibank Milan T2s 008, part of Citibank N.a. in Milano, Italy. Use this branch code only when the recipient or their bank explicitly asks for it.
What is the cheapest way to send money to Citibank N.a. in Italy?
Many banks add 1–3% to the exchange rate on top of a fee. Compare what you receive in Euro with transfer services before you send – the difference can be large.
What do the letters in CITIITM1008 mean?
CITI is the institution code of Citibank N.a., IT stands for Italy, M1 is the location code and 008 identifies the department Citibank Milan T2s 008.
Can I use CITIITM1 instead of CITIITM1008?
CITIITM1 is the head office of Citibank N.a., while CITIITM1008 is Citibank Milan T2s 008. Most international transfers work with the head office code, yet follow the instructions of the recipient if they mention CITIITM1008.
How long does a transfer to Citibank N.a. take?
SEPA payments in euros usually arrive within one business day, instant payments within seconds. Transfers in other currencies can take 2–4 business days.
Do I need CITIITM1008 for a euro transfer to Italy?
Italy belongs to the SEPA area. For euro transfers the IBAN is usually enough. For other currencies you still need CITIITM1008.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.