SWIFT/BIC code MAORITM1XXX
MAORITM1XXX belongs to Magnete Securitisation SRL in Milano, Italy.
Code details
| SWIFT/BIC code | MAORITM1XXX |
|---|---|
| 8-character code | MAORITM1 |
| Branch code | XXX |
| Bank | Magnete Securitisation SRL |
| Branch | Head office |
| City | Milano |
| Country | Italy |
How the Magnete Securitisation SRL SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- MAOR 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/BIC code MAORITM1XXX?
MAORITM1XXX identifies the headquarters of Magnete Securitisation SRL in Milano, Italy. It is the code to use when you send money to an account at Magnete Securitisation SRL.
Do I need MAORITM1XXX to send euros to Italy?
Italy is part of the SEPA area. When you send euros the IBAN normally suffices. For other currencies you do need MAORITM1XXX.
How long does a transfer to Magnete Securitisation SRL take?
SEPA payments in euros usually arrive within one business day, instant payments within seconds. Payments in other currencies can take 2–4 business days.
Are MAORITM1 and MAORITM1XXX the same SWIFT code?
Yes, they are. MAORITM1 is the 8-character version of MAORITM1XXX. XXX simply refers to the head office, so both routes your payment to Magnete Securitisation SRL in Milano.
What is the cheapest way to send money to Magnete Securitisation SRL 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.
Does Magnete Securitisation SRL have only one SWIFT/BIC code?
Yes, MAORITM1XXX is the only SWIFT/BIC code listed for Magnete Securitisation SRL in Italy, so there is no branch code to choose.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.