SWIFT/BIC code NEGNITM1XXX
NEGNITM1XXX belongs to Negentropy S1 in Milano, Italy.
Code details
| SWIFT/BIC code | NEGNITM1XXX |
|---|---|
| 8-character code | NEGNITM1 |
| Branch code | XXX |
| Bank | Negentropy S1 |
| Branch | Head office |
| City | Milano |
| Country | Italy |
The way the Negentropy S1 SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- NEGN 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
What bank uses BIC NEGNITM1XXX?
NEGNITM1XXX is the SWIFT/BIC code of the main office of Negentropy S1 in Milano, Italy. Use it when you send money to an account at Negentropy S1.
Is NEGNITM1 and NEGNITM1XXX the same code?
Yes. NEGNITM1 is the 8-character version of NEGNITM1XXX. The XXX at the end only refers to the head office, so either version routes your payment to Negentropy S1 in Milano.
Does Negentropy S1 have a single SWIFT/BIC code?
Yes – NEGNITM1XXX is the only SWIFT/BIC code listed for Negentropy S1 in Italy, so there is no branch code to choose.
How long does a transfer to Negentropy S1 take in Italy?
Euro transfers within SEPA normally arrive the next business day, instant payments within seconds. Payments in other currencies can take 2–4 business days.
Do I need NEGNITM1XXX to send euros to Italy?
Italy belongs to the SEPA area. For euro transfers the IBAN is usually enough. If you send another currency you do need NEGNITM1XXX.
What happens if I enter NEGNITM1XXX incorrectly?
The payment may be delayed, returned or charged extra fees. Always check NEGNITM1XXX against the details from Negentropy S1 before sending.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.