SWIFT/BIC code GRFOITM1XXX
GRFOITM1XXX belongs to Gruppo Finanziario Italiano SPA in Milano, Italy.
Code details
| SWIFT/BIC code | GRFOITM1XXX |
|---|---|
| 8-character code | GRFOITM1 |
| Branch code | XXX |
| Bank | Gruppo Finanziario Italiano SPA |
| Branch | Head office |
| City | Milano |
| Country | Italy |
The way the Gruppo Finanziario Italiano SPA SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- GRFO 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 GRFOITM1XXX?
GRFOITM1XXX identifies the headquarters of Gruppo Finanziario Italiano SPA in Milano, Italy. It is the code to use when a payment to Gruppo Finanziario Italiano SPA does not need a specific branch.
What is the best way to send money to Gruppo Finanziario Italiano SPA?
Banks often add several percent to the exchange rate on top of a fee. Compare the amount that arrives in Euro with specialist providers before you send.
What do the letters in GRFOITM1XXX mean?
GRFO is the bank code of Gruppo Finanziario Italiano SPA, IT is the ISO code of Italy, M1 is the code for the city or region and XXX means the head office.
What happens if I enter GRFOITM1XXX incorrectly?
Your transfer can bounce, get stuck or cost extra. Always check GRFOITM1XXX against the details from Gruppo Finanziario Italiano SPA before sending.
Do I need GRFOITM1XXX for a euro transfer to Italy?
Italy belongs to the SEPA area. For euro transfers the IBAN is usually enough and many banks fill in the BIC automatically. If you send another currency you do need GRFOITM1XXX.
How long does a transfer to Gruppo Finanziario Italiano SPA take?
Euro transfers within SEPA usually arrive within one business day. 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.