SWIFT/BIC code GAEOITM1XXX
GAEOITM1XXX belongs to Banca Galileo SPA in Milano, Italy.
Code details
| SWIFT/BIC code | GAEOITM1XXX |
|---|---|
| 8-character code | GAEOITM1 |
| Branch code | XXX |
| Bank | Banca Galileo SPA |
| Branch | Head office |
| City | Milano |
| Country | Italy |
The way the Banca Galileo SPA SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- GAEO 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 is behind BIC GAEOITM1XXX?
The code GAEOITM1XXX belongs to the head office of Banca Galileo SPA in Milano, Italy. It is the code to use when a payment to Banca Galileo SPA does not need a specific branch.
What do the letters in GAEOITM1XXX stand for?
GAEO is the institution code of Banca Galileo SPA, IT is the ISO code of Italy, M1 is the code for the city or region and XXX marks the main office.
What is the cheapest way to send money to Banca Galileo SPA in Italy?
Banks often add 1–3% 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.
Are GAEOITM1 and GAEOITM1XXX the same SWIFT code?
Yes, they are. GAEOITM1 is the 8-character version of GAEOITM1XXX. XXX simply refers to the head office, so either version will reach Banca Galileo SPA in Milano.
Do I need GAEOITM1XXX to send euros to Italy?
Italy belongs to the SEPA area. When you send euros the IBAN is usually enough. If you send another currency you do need GAEOITM1XXX.
How long does it take to send money to Banca Galileo SPA?
Euro transfers within SEPA usually arrive within one business day. 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.