SWIFT/BIC code OTSSITM1XXX
OTSSITM1XXX belongs to Ottante Spv SRL in Milano, Italy.
Code details
| SWIFT/BIC code | OTSSITM1XXX |
|---|---|
| 8-character code | OTSSITM1 |
| Branch code | XXX |
| Bank | Ottante Spv SRL |
| Branch | Head office |
| City | Milano |
| Country | Italy |
How the Ottante Spv SRL SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- OTSS 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 bank uses SWIFT code OTSSITM1XXX?
The code OTSSITM1XXX belongs to the main office of Ottante Spv SRL in Milano, Italy. Use it when a payment to Ottante Spv SRL does not need a specific branch.
How long does it take to send money to Ottante Spv SRL in Italy?
Euro transfers within SEPA usually arrive within one business day, instant payments within seconds. Transfers in other currencies can take 2–4 business days.
Do I need OTSSITM1XXX for a euro transfer to Italy?
Italy belongs to the SEPA area. When you send euros the IBAN is usually enough. For other currencies you do need OTSSITM1XXX.
Are OTSSITM1 and OTSSITM1XXX the same code?
Yes, they are. OTSSITM1 is the 8-character version of OTSSITM1XXX. The XXX at the end only refers to the head office, so either version routes your payment to Ottante Spv SRL in Milano.
What is the cheapest way to send money to Ottante Spv SRL?
Many banks add several percent to the exchange rate on top of a fee. Compare the amount that arrives in Euro with transfer services before you send – the difference can be large.
What happens if I enter OTSSITM1XXX with a typo?
Your transfer can bounce, get stuck or cost extra. Always check OTSSITM1XXX against the details from Ottante Spv SRL before you confirm.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.