SWIFT/BIC code EFGSITM1XXX
EFGSITM1XXX belongs to Sai Asset Management Societa' di Gestione del Risparmio S.P.A. in Milano, Italy.
Code details
| SWIFT/BIC code | EFGSITM1XXX |
|---|---|
| 8-character code | EFGSITM1 |
| Branch code | XXX |
| Bank | Sai Asset Management Societa' di Gestione del Risparmio S.P.A. |
| Branch | Head office |
| City | Milano |
| Country | Italy |
How the Sai Asset Management Societa' di Gestione del Risparmio S.P.A. SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- EFGS 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 SWIFT/BIC code EFGSITM1XXX?
EFGSITM1XXX identifies the main office of Sai Asset Management Societa' di Gestione del Risparmio S.P.A. in Milano, Italy. Use it when a payment to Sai Asset Management Societa' di Gestione del Risparmio S.P.A. does not need a specific branch.
How long does a transfer to Sai Asset Management Societa' di Gestione del Risparmio S.P.A. take?
SEPA payments in euros normally arrive the next business day. Payments in other currencies can take 1–3 business days.
Do I need EFGSITM1XXX to send euros to Italy?
Italy belongs to the SEPA area. For euro transfers the IBAN normally suffices. For other currencies you do need EFGSITM1XXX.
Are EFGSITM1 and EFGSITM1XXX the same SWIFT code?
Yes. EFGSITM1 is the 8-character version of EFGSITM1XXX. XXX simply refers to the head office, so either version will reach Sai Asset Management Societa' di Gestione del Risparmio S.P.A. in Milano.
What is the best way to send money to Sai Asset Management Societa' di Gestione del Risparmio S.P.A. in Italy?
Many banks add 1–3% to the exchange rate on top of a fee. Check what you receive in Euro with transfer services before you send – the difference can be large.
What does each part of EFGSITM1XXX stand for?
EFGS is the institution code of Sai Asset Management Societa' di Gestione del Risparmio S.P.A., IT is the ISO code of Italy, M1 is the location code and XXX means the main office.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.