SWIFT/BIC code IONCITM1XXX
IONCITM1XXX belongs to Innovatec SPA in Milano, Italy.
Code details
| SWIFT/BIC code | IONCITM1XXX |
|---|---|
| 8-character code | IONCITM1 |
| Branch code | XXX |
| Bank | Innovatec SPA |
| Branch | Head office |
| City | Milano |
| Country | Italy |
How the Innovatec SPA SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- IONC 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 SWIFT code IONCITM1XXX?
IONCITM1XXX identifies the head office of Innovatec SPA in Milano, Italy. Use it when a payment to Innovatec SPA does not need a specific branch.
Does Innovatec SPA use only one SWIFT/BIC code?
Yes – IONCITM1XXX is the only SWIFT/BIC code listed for Innovatec SPA in Italy, so there is no branch code to choose.
What do the letters in IONCITM1XXX stand for?
IONC is the bank code of Innovatec SPA, IT is the ISO code of Italy, M1 is the code for the city or region and XXX means the main office.
What is the cheapest way to send money to Innovatec 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 transfer services before you send.
What happens if I enter IONCITM1XXX with a typo?
Your transfer can bounce, get stuck or cost extra. Double-check IONCITM1XXX with the recipient before you confirm.
Do I need IONCITM1XXX for a euro transfer to Italy?
Italy is part of the SEPA area. When you send euros the IBAN normally suffices. If you send another currency you do need IONCITM1XXX.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.