SWIFT/BIC code INGLITM1XXX
INGLITM1XXX belongs to ING Sviluppo Gestioni SPA in Milano, Italy.
Code details
| SWIFT/BIC code | INGLITM1XXX |
|---|---|
| 8-character code | INGLITM1 |
| Branch code | XXX |
| Bank | ING Sviluppo Gestioni SPA |
| Branch | Head office |
| City | Milano |
| Country | Italy |
How the ING Sviluppo Gestioni SPA SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- INGL 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 INGLITM1XXX?
INGLITM1XXX identifies the head office of ING Sviluppo Gestioni SPA in Milano, Italy. It is the code to use when you send money to an account at ING Sviluppo Gestioni SPA.
Do I need INGLITM1XXX to send euros to Italy?
Italy is part of the SEPA area. When you send euros the IBAN normally suffices and many banks fill in the BIC automatically. If you send another currency you still need INGLITM1XXX.
How long does it take to send money to ING Sviluppo Gestioni SPA in Italy?
SEPA payments in euros usually arrive within one business day, instant payments within seconds. Payments in other currencies can take 1–3 business days.
Is INGLITM1 and INGLITM1XXX the same SWIFT code?
Yes, they are. INGLITM1 is the 8-character version of INGLITM1XXX. XXX simply means head office, so either version routes your payment to ING Sviluppo Gestioni SPA in Milano.
What is the best way to send money to ING Sviluppo Gestioni SPA?
Banks often add several percent to the exchange rate on top of a fee. Compare what you receive in Euro with specialist providers before you send.
What does each part of INGLITM1XXX mean?
INGL is the institution code of ING Sviluppo Gestioni SPA, IT stands for Italy, M1 is the code for the city or region and XXX means the main office.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.