SWIFT/BIC code DEMUITM1XXX
DEMUITM1XXX belongs to Deutsche Bank Mutui S.P.A. in Milano, Italy.
Code details
| SWIFT/BIC code | DEMUITM1XXX |
|---|---|
| 8-character code | DEMUITM1 |
| Branch code | XXX |
| Bank | Deutsche Bank Mutui S.P.A. |
| Branch | Head office |
| City | Milano |
| Country | Italy |
How the Deutsche Bank Mutui S.P.A. SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- DEMU 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 DEMUITM1XXX?
DEMUITM1XXX is the SWIFT/BIC code of the main office of Deutsche Bank Mutui S.P.A. in Milano, Italy. Use it when a payment to Deutsche Bank Mutui S.P.A. does not need a specific branch.
Does Deutsche Bank Mutui S.P.A. have a single SWIFT/BIC code?
Yes, DEMUITM1XXX is the only SWIFT/BIC code listed for Deutsche Bank Mutui S.P.A. in Italy, so there is no branch code to choose.
What do the letters in DEMUITM1XXX mean?
DEMU is the institution code of Deutsche Bank Mutui S.P.A., IT stands for Italy, M1 is the location code and XXX means the main office.
What is the cheapest way to send money to Deutsche Bank Mutui S.P.A. in Italy?
Many banks add several percent to the exchange rate on top of a fee. Check the amount that arrives in Euro with transfer services before you send – the difference can be large.
What happens if I use DEMUITM1XXX with a typo?
The payment may be delayed, returned or charged extra fees. Double-check DEMUITM1XXX with the recipient before sending.
Do I need DEMUITM1XXX to send euros to Italy?
Italy is part of the SEPA area. When you send euros the IBAN normally suffices. If you send another currency you do need DEMUITM1XXX.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.