SWIFT/BIC code FAVRITM1XXX
FAVRITM1XXX belongs to Farmafactoring Spv 2 SRL in Milano, Italy.
Code details
| SWIFT/BIC code | FAVRITM1XXX |
|---|---|
| 8-character code | FAVRITM1 |
| Branch code | XXX |
| Bank | Farmafactoring Spv 2 SRL |
| Branch | Head office |
| City | Milano |
| Country | Italy |
How the Farmafactoring Spv 2 SRL SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- FAVR 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 is behind BIC FAVRITM1XXX?
The code FAVRITM1XXX belongs to the main office of Farmafactoring Spv 2 SRL in Milano, Italy. Use it when a payment to Farmafactoring Spv 2 SRL does not need a specific branch.
How long does it take to send money to Farmafactoring Spv 2 SRL in Italy?
Euro transfers within SEPA usually arrive within one business day. Transfers in other currencies can take 1–3 business days.
Do I need FAVRITM1XXX to send euros to Italy?
Italy belongs to the SEPA area. When you send euros the IBAN normally suffices and many banks fill in the BIC automatically. For other currencies you do need FAVRITM1XXX.
Is FAVRITM1 and FAVRITM1XXX the same SWIFT code?
Yes. FAVRITM1 is the 8-character version of FAVRITM1XXX. XXX simply means head office, so both routes your payment to Farmafactoring Spv 2 SRL in Milano.
What happens if I use FAVRITM1XXX with a typo?
Your transfer can bounce, get stuck or cost extra. Always check FAVRITM1XXX with the recipient before sending.
Does Farmafactoring Spv 2 SRL have only one SWIFT/BIC code?
Yes, FAVRITM1XXX is the only SWIFT/BIC code listed for Farmafactoring Spv 2 SRL in Italy, so you do not need to pick a branch code.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.