SWIFT/BIC code FAPLITM1XXX
FAPLITM1XXX belongs to Farmafactoring Spv 1 SRL in Milano, Italy.
Code details
| SWIFT/BIC code | FAPLITM1XXX |
|---|---|
| 8-character code | FAPLITM1 |
| Branch code | XXX |
| Bank | Farmafactoring Spv 1 SRL |
| Branch | Head office |
| City | Milano |
| Country | Italy |
How the Farmafactoring Spv 1 SRL SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- FAPL 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 BIC FAPLITM1XXX?
The code FAPLITM1XXX belongs to the main office of Farmafactoring Spv 1 SRL in Milano, Italy. Use it when you send money to an account at Farmafactoring Spv 1 SRL.
What do the letters in FAPLITM1XXX stand for?
FAPL is the institution code of Farmafactoring Spv 1 SRL, IT is the ISO code of Italy, M1 is the location code and XXX marks the head office.
What is the best way to send money to Farmafactoring Spv 1 SRL?
Banks often add several percent to the exchange rate on top of a fee. Check the amount that arrives in Euro with specialist providers before you send – the difference can be large.
Is FAPLITM1 and FAPLITM1XXX the same code?
Yes. FAPLITM1 is the short version of FAPLITM1XXX. The XXX at the end only means head office, so both will reach Farmafactoring Spv 1 SRL in Milano.
Do I need FAPLITM1XXX to send euros to Italy?
Italy is part of the SEPA area. When you send euros the IBAN is usually enough. If you send another currency you do need FAPLITM1XXX.
How long does it take to send money to Farmafactoring Spv 1 SRL?
SEPA payments in euros normally arrive the next business day, instant payments within seconds. Payments in other currencies can take 1–3 business days.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.