SWIFT/BIC code CMPYITM1XXX
CMPYITM1XXX belongs to Compass Banca SPA in Milano, Italy.
Code details
| SWIFT/BIC code | CMPYITM1XXX |
|---|---|
| 8-character code | CMPYITM1 |
| Branch code | XXX |
| Bank | Compass Banca SPA |
| Branch | Head office |
| City | Milano |
| Country | Italy |
The way the Compass Banca SPA SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- CMPY 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 bank is behind SWIFT code CMPYITM1XXX?
CMPYITM1XXX identifies the head office of Compass Banca SPA in Milano, Italy. Use it when a payment to Compass Banca SPA does not need a specific branch.
What is the cheapest way to send money to Compass Banca SPA in Italy?
Banks often add 1–3% to the exchange rate on top of a fee. Compare what you receive in Euro with specialist providers before you send – the difference can be large.
What does each part of CMPYITM1XXX mean?
CMPY is the institution code of Compass Banca SPA, IT stands for Italy, M1 is the code for the city or region and XXX means the main office.
Is CMPYITM1 and CMPYITM1XXX the same SWIFT code?
Yes, they are. CMPYITM1 is the short version of CMPYITM1XXX. The XXX at the end only refers to the head office, so either version routes your payment to Compass Banca SPA in Milano.
How long does a transfer to Compass Banca SPA take?
Euro transfers within SEPA usually arrive within one business day. Payments in other currencies can take 2–4 business days.
Do I need CMPYITM1XXX to send euros to Italy?
Italy is part of the SEPA area. For euro transfers the IBAN normally suffices. For other currencies you do need CMPYITM1XXX.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.