SWIFT/BIC code MOLMITM1XXX
MOLMITM1XXX belongs to Molmed SPA in Milano, Italy.
Code details
| SWIFT/BIC code | MOLMITM1XXX |
|---|---|
| 8-character code | MOLMITM1 |
| Branch code | XXX |
| Bank | Molmed SPA |
| Branch | Head office |
| City | Milano |
| Country | Italy |
The way the Molmed SPA SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- MOLM 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 MOLMITM1XXX?
The code MOLMITM1XXX belongs to the headquarters of Molmed SPA in Milano, Italy. Use it when you send money to an account at Molmed SPA.
Are MOLMITM1 and MOLMITM1XXX the same code?
Yes. MOLMITM1 is the short version of MOLMITM1XXX. The XXX at the end only refers to the head office, so both will reach Molmed SPA in Milano.
How long does it take to send money to Molmed SPA?
SEPA payments in euros usually arrive within one business day. Transfers in other currencies can take 1–3 business days.
Do I need MOLMITM1XXX for a euro transfer to Italy?
Italy is part of the SEPA area. When you send euros the IBAN is usually enough. For other currencies you do need MOLMITM1XXX.
What is the best way to send money to Molmed SPA?
Many banks 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 – the difference can be large.
What happens if I use MOLMITM1XXX with a typo?
Your transfer can bounce, get stuck or cost extra. Always check MOLMITM1XXX against the details from Molmed SPA before you confirm.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.