SWIFT/BIC code FAVLITM1XXX
FAVLITM1XXX belongs to Fiano Spv S.r.l. in Milano, Italy.
Code details
| SWIFT/BIC code | FAVLITM1XXX |
|---|---|
| 8-character code | FAVLITM1 |
| Branch code | XXX |
| Bank | Fiano Spv S.r.l. |
| Branch | Head office |
| City | Milano |
| Country | Italy |
How the Fiano Spv S.r.l. SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- FAVL 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 FAVLITM1XXX?
The code FAVLITM1XXX belongs to the main office of Fiano Spv S.r.l. in Milano, Italy. It is the code to use when you send money to an account at Fiano Spv S.r.l..
What is the cheapest way to send money to Fiano Spv S.r.l. in Italy?
Banks often 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 happens if I use FAVLITM1XXX incorrectly?
Your transfer can bounce, get stuck or cost extra. Always check FAVLITM1XXX with the recipient before you confirm.
Is FAVLITM1 and FAVLITM1XXX the same code?
Yes, they are. FAVLITM1 is the 8-character version of FAVLITM1XXX. The XXX at the end only means head office, so either version will reach Fiano Spv S.r.l. in Milano.
What do the letters in FAVLITM1XXX mean?
FAVL is the institution code of Fiano Spv S.r.l., IT is the ISO code of Italy, M1 is the location code and XXX marks the main office.
How long does it take to send money to Fiano Spv S.r.l. in Italy?
Euro transfers within SEPA usually arrive within one business day, instant payments within seconds. Transfers in other currencies can take 2–4 business days.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.