SWIFT/BIC code ITACITM1XXX
ITACITM1XXX belongs to Itacapital in Milano, Italy.
Code details
| SWIFT/BIC code | ITACITM1XXX |
|---|---|
| 8-character code | ITACITM1 |
| Branch code | XXX |
| Bank | Itacapital |
| Branch | Head office |
| City | Milano |
| Country | Italy |
The way the Itacapital SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- ITAC 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 ITACITM1XXX?
ITACITM1XXX identifies the head office of Itacapital in Milano, Italy. It is the code to use when you send money to an account at Itacapital.
What is the cheapest way to send money to Itacapital in Italy?
Many banks add several percent to the exchange rate on top of a fee. Compare the amount that arrives in Euro with transfer services before you send – the difference can be large.
What happens if I enter ITACITM1XXX incorrectly?
The payment may be delayed, returned or charged extra fees. Always check ITACITM1XXX with the recipient before sending.
What do the letters in ITACITM1XXX mean?
ITAC is the institution code of Itacapital, IT is the ISO code of Italy, M1 is the location code and XXX means the head office.
How long does it take to send money to Itacapital?
SEPA payments in euros normally arrive the next business day, instant payments within seconds. Payments in other currencies can take 2–4 business days.
Do I need ITACITM1XXX to send euros to Italy?
Italy belongs to the SEPA area. For euro transfers the IBAN normally suffices. If you send another currency you still need ITACITM1XXX.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.