SWIFT/BIC code IVREITM1XXX
IVREITM1XXX belongs to Ivrea Sim in Milano, Italy.
Code details
| SWIFT/BIC code | IVREITM1XXX |
|---|---|
| 8-character code | IVREITM1 |
| Branch code | XXX |
| Bank | Ivrea Sim |
| Branch | Head office |
| City | Milano |
| Country | Italy |
The way the Ivrea Sim SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- IVRE 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 BIC IVREITM1XXX?
IVREITM1XXX is the SWIFT/BIC code of the main office of Ivrea Sim in Milano, Italy. It is the code to use when a payment to Ivrea Sim does not need a specific branch.
What does each part of IVREITM1XXX stand for?
IVRE is the bank code of Ivrea Sim, IT stands for Italy, M1 is the code for the city or region and XXX means the main office.
Is IVREITM1 and IVREITM1XXX the same SWIFT code?
Yes, they are. IVREITM1 is the short version of IVREITM1XXX. XXX simply refers to the head office, so either version routes your payment to Ivrea Sim in Milano.
What is the cheapest way to send money to Ivrea Sim?
Many banks add 1–3% to the exchange rate on top of a fee. Check the amount that arrives in Euro with specialist providers before you send.
How long does a transfer to Ivrea Sim take in Italy?
SEPA payments in euros usually arrive within one business day, instant payments within seconds. Transfers in other currencies can take 2–4 business days.
Do I need IVREITM1XXX to send euros to Italy?
Italy belongs to the SEPA area. When you send euros the IBAN normally suffices. If you send another currency you still need IVREITM1XXX.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.