SWIFT/BIC code GRAIITM1XXX
GRAIITM1XXX belongs to Gruppo Assinvest SPA in Milano, Italy.
Code details
| SWIFT/BIC code | GRAIITM1XXX |
|---|---|
| 8-character code | GRAIITM1 |
| Branch code | XXX |
| Bank | Gruppo Assinvest SPA |
| Branch | Head office |
| City | Milano |
| Country | Italy |
How the Gruppo Assinvest SPA SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- GRAI 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 code GRAIITM1XXX?
GRAIITM1XXX identifies the headquarters of Gruppo Assinvest SPA in Milano, Italy. Use it when a payment to Gruppo Assinvest SPA does not need a specific branch.
What happens if I use GRAIITM1XXX incorrectly?
Your transfer can bounce, get stuck or cost extra. Always check GRAIITM1XXX with the recipient before sending.
Are GRAIITM1 and GRAIITM1XXX the same code?
Yes, they are. GRAIITM1 is the 8-character version of GRAIITM1XXX. The XXX at the end only means head office, so either version will reach Gruppo Assinvest SPA in Milano.
How long does it take to send money to Gruppo Assinvest SPA in Italy?
Euro transfers within SEPA normally arrive the next business day. Transfers in other currencies can take 1–3 business days.
Do I need GRAIITM1XXX to send euros to Italy?
Italy belongs to the SEPA area. For euro transfers the IBAN normally suffices. If you send another currency you do need GRAIITM1XXX.
Does Gruppo Assinvest SPA have only one SWIFT/BIC code?
Yes – GRAIITM1XXX is the single SWIFT/BIC code we have for Gruppo Assinvest SPA in Italy, so there is no branch code to choose.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.