SWIFT/BIC code DEUTITM1053
DEUTITM1053 belongs to Deutsche Bank S.P.A. in Lipomo, Italy.
Code details
| SWIFT/BIC code | DEUTITM1053 |
|---|---|
| 8-character code | DEUTITM1 |
| Branch code | 053 |
| Bank | Deutsche Bank S.P.A. |
| Branch | — |
| City | Lipomo |
| Country | Italy |
The way the Deutsche Bank S.P.A. SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- DEUT 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.
- 053 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 DEUTITM1053?
The code DEUTITM1053 belongs to Deutsche Bank S.P.A., part of Deutsche Bank S.P.A. in Lipomo, Italy. Only use it if the recipient or their bank explicitly asks for it.
What is the cheapest way to send money to Deutsche Bank S.P.A.?
Banks often add 1–3% 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.
How long does it take to send money to Deutsche Bank S.P.A. in Italy?
Euro transfers within SEPA normally arrive the next business day, instant payments within seconds. Transfers in other currencies can take 2–4 business days.
Do I need DEUTITM1053 for a euro transfer to Italy?
Italy belongs to the SEPA area. For euro transfers the IBAN normally suffices. If you send another currency you do need DEUTITM1053.
What does each part of DEUTITM1053 mean?
DEUT is the institution code of Deutsche Bank S.P.A., IT stands for Italy, M1 is the code for the city or region and 053 identifies the branch Deutsche Bank S.P.A..
Can I use DEUTITM1 instead of DEUTITM1053?
DEUTITM1 is the main office of Deutsche Bank S.P.A., while DEUTITM1053 points to Deutsche Bank S.P.A.. Most international transfers work with the head office code, but follow the instructions of the recipient if they mention DEUTITM1053.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.