SWIFT/BIC code DESMITM1XXX
DESMITM1XXX belongs to Deutsche Bank Sim SPA in Milano, Italy.
Code details
| SWIFT/BIC code | DESMITM1XXX |
|---|---|
| 8-character code | DESMITM1 |
| Branch code | XXX |
| Bank | Deutsche Bank Sim SPA |
| Branch | Head office |
| City | Milano |
| Country | Italy |
How the Deutsche Bank Sim SPA SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- DESM 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 uses BIC DESMITM1XXX?
The code DESMITM1XXX belongs to the headquarters of Deutsche Bank Sim SPA in Milano, Italy. It is the code to use when you send money to an account at Deutsche Bank Sim SPA.
How long does a transfer to Deutsche Bank Sim SPA take?
SEPA payments in euros normally arrive the next business day. Transfers in other currencies can take 2–4 business days.
Do I need DESMITM1XXX to send euros to Italy?
Italy is part of the SEPA area. When you send euros the IBAN normally suffices and many banks fill in the BIC automatically. If you send another currency you do need DESMITM1XXX.
Are DESMITM1 and DESMITM1XXX the same code?
Yes, they are. DESMITM1 is the 8-character version of DESMITM1XXX. XXX simply refers to the head office, so both will reach Deutsche Bank Sim SPA in Milano.
What happens if I enter DESMITM1XXX with a typo?
Your transfer can bounce, get stuck or cost extra. Always check DESMITM1XXX against the details from Deutsche Bank Sim SPA before sending.
What do the letters in DESMITM1XXX mean?
DESM is the institution code of Deutsche Bank Sim SPA, IT stands for Italy, M1 is the location code and XXX marks the head office.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.