SWIFT/BIC code MAYYITM1XXX
MAYYITM1XXX belongs to Matica System SPA in Milano, Italy.
Code details
| SWIFT/BIC code | MAYYITM1XXX |
|---|---|
| 8-character code | MAYYITM1 |
| Branch code | XXX |
| Bank | Matica System SPA |
| Branch | Head office |
| City | Milano |
| Country | Italy |
The way the Matica System SPA SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- MAYY 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 MAYYITM1XXX?
The code MAYYITM1XXX belongs to the main office of Matica System SPA in Milano, Italy. It is the code to use when a payment to Matica System SPA does not need a specific branch.
What is the cheapest way to send money to Matica System 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.
Is MAYYITM1 and MAYYITM1XXX the same SWIFT code?
Yes, they are. MAYYITM1 is the 8-character version of MAYYITM1XXX. The XXX at the end only refers to the head office, so either version routes your payment to Matica System SPA in Milano.
How long does it take to send money to Matica System SPA in Italy?
Euro transfers within SEPA usually arrive within one business day. Transfers in other currencies can take 2–4 business days.
Do I need MAYYITM1XXX 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 MAYYITM1XXX.
What happens if I use MAYYITM1XXX with a typo?
Your transfer can bounce, get stuck or cost extra. Always check MAYYITM1XXX with the recipient before you confirm.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.