SWIFT/BIC code GRMUITM1XXX
GRMUITM1XXX belongs to Gruppo Mutuionline SPA in Milano, Italy.
Code details
| SWIFT/BIC code | GRMUITM1XXX |
|---|---|
| 8-character code | GRMUITM1 |
| Branch code | XXX |
| Bank | Gruppo Mutuionline SPA |
| Branch | Head office |
| City | Milano |
| Country | Italy |
How the Gruppo Mutuionline SPA SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- GRMU 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 bank uses SWIFT/BIC code GRMUITM1XXX?
GRMUITM1XXX is the SWIFT/BIC code of the headquarters of Gruppo Mutuionline SPA in Milano, Italy. Use it when a payment to Gruppo Mutuionline SPA does not need a specific branch.
What do the letters in GRMUITM1XXX stand for?
GRMU is the institution code of Gruppo Mutuionline SPA, IT is the ISO code of Italy, M1 is the code for the city or region and XXX means the head office.
What is the best way to send money to Gruppo Mutuionline SPA in Italy?
Banks often add 1–3% to the exchange rate on top of a fee. Compare the amount that arrives in Euro with transfer services before you send.
Is GRMUITM1 and GRMUITM1XXX the same code?
Yes, they are. GRMUITM1 is the 8-character version of GRMUITM1XXX. XXX simply refers to the head office, so both will reach Gruppo Mutuionline SPA in Milano.
Do I need GRMUITM1XXX to send euros to Italy?
Italy is part of 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 still need GRMUITM1XXX.
How long does a transfer to Gruppo Mutuionline SPA take in Italy?
SEPA payments in euros usually arrive within one business day, instant payments within seconds. Transfers 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.