SWIFT/BIC code MGATILI1XXX
MGATILI1XXX belongs to Magna Asset Management in Tel-Aviv, Israel.
Code details
| SWIFT/BIC code | MGATILI1XXX |
|---|---|
| 8-character code | MGATILI1 |
| Branch code | XXX |
| Bank | Magna Asset Management |
| Branch | Head office |
| City | Tel-Aviv |
| Country | Israel |
How the Magna Asset Management SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- MGAT Bank code
- 4 letters that identify the bank.
- IL Country code
- 2 letters for the country (ISO 3166).
- I1 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 SWIFT/BIC code MGATILI1XXX?
The code MGATILI1XXX belongs to the headquarters of Magna Asset Management in Tel-Aviv, Israel. Use it when you send money to an account at Magna Asset Management.
Are MGATILI1 and MGATILI1XXX the same SWIFT code?
Yes. MGATILI1 is the short version of MGATILI1XXX. XXX simply means head office, so either version will reach Magna Asset Management in Tel-Aviv.
What is the best way to send money to Magna Asset Management in Israel?
Many banks add several percent to the exchange rate on top of a fee. Compare what you receive in Israel with transfer services before you send.
How long does it take to send money to Magna Asset Management?
An international SWIFT transfer usually takes 2–5 business days, because of correspondent banks and time zones. Money transfer services are often faster than a bank.
Does Magna Asset Management use only one SWIFT/BIC code?
Yes – MGATILI1XXX is the only SWIFT/BIC code listed for Magna Asset Management in Israel, so there is no branch code to choose.
What does each part of MGATILI1XXX mean?
MGAT is the institution code of Magna Asset Management, IL is the ISO code of Israel, I1 is the code for the city or region and XXX means the head office.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.