SWIFT/BIC code NEORITM1XXX
NEORITM1XXX belongs to Neo (Bc) S.r.l. in Milano, Italy.
Code details
| SWIFT/BIC code | NEORITM1XXX |
|---|---|
| 8-character code | NEORITM1 |
| Branch code | XXX |
| Bank | Neo (Bc) S.r.l. |
| Branch | Head office |
| City | Milano |
| Country | Italy |
How the Neo (Bc) S.r.l. SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- NEOR 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 BIC NEORITM1XXX?
The code NEORITM1XXX belongs to the main office of Neo (Bc) S.r.l. in Milano, Italy. It is the code to use when you send money to an account at Neo (Bc) S.r.l..
Are NEORITM1 and NEORITM1XXX the same SWIFT code?
Yes, they are. NEORITM1 is the 8-character version of NEORITM1XXX. XXX simply means head office, so either version will reach Neo (Bc) S.r.l. in Milano.
Do I need NEORITM1XXX to send euros to Italy?
Italy belongs to the SEPA area. For euro transfers the IBAN is usually enough and many banks fill in the BIC automatically. For other currencies you still need NEORITM1XXX.
How long does it take to send money to Neo (Bc) S.r.l. in Italy?
SEPA payments in euros usually arrive within one business day, instant payments within seconds. Payments in other currencies can take 1–3 business days.
What do the letters in NEORITM1XXX mean?
NEOR is the institution code of Neo (Bc) S.r.l., IT stands for Italy, M1 is the location code and XXX marks the head office.
What is the cheapest way to send money to Neo (Bc) S.r.l.?
Many banks add 1–3% to the exchange rate on top of a fee. Check the amount that arrives in Euro with specialist providers before you send – the difference can be large.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.