SWIFT/BIC code MOTTITM1XXX
MOTTITM1XXX belongs to Montefibre in Milano, Italy.
Code details
| SWIFT/BIC code | MOTTITM1XXX |
|---|---|
| 8-character code | MOTTITM1 |
| Branch code | XXX |
| Bank | Montefibre |
| Branch | Head office |
| City | Milano |
| Country | Italy |
The way the Montefibre SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- MOTT 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 is behind BIC MOTTITM1XXX?
MOTTITM1XXX is the SWIFT/BIC code of the main office of Montefibre in Milano, Italy. Use it when a payment to Montefibre does not need a specific branch.
What do the letters in MOTTITM1XXX stand for?
MOTT is the bank code of Montefibre, IT is the ISO code of Italy, M1 is the code for the city or region and XXX means the main office.
Is MOTTITM1 and MOTTITM1XXX the same code?
Yes. MOTTITM1 is the short version of MOTTITM1XXX. The XXX at the end only refers to the head office, so either version will reach Montefibre in Milano.
Do I need MOTTITM1XXX to send euros to Italy?
Italy is part of the SEPA area. For euro transfers the IBAN is usually enough. If you send another currency you do need MOTTITM1XXX.
How long does it take to send money to Montefibre in Italy?
SEPA payments in euros normally arrive the next business day, instant payments within seconds. Transfers in other currencies can take 2–4 business days.
What happens if I use MOTTITM1XXX incorrectly?
The payment may be delayed, returned or charged extra fees. Always check MOTTITM1XXX with the recipient before sending.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.