SWIFT/BIC code PARBITM1208
PARBITM1208 belongs to BNP Paribas Securities Services, Italy in Milano, Italy.
Code details
| SWIFT/BIC code | PARBITM1208 |
|---|---|
| 8-character code | PARBITM1 |
| Branch code | 208 |
| Bank | BNP Paribas Securities Services, Italy |
| Branch | Milano |
| City | Milano |
| Country | Italy |
How the BNP Paribas Securities Services, Italy SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- PARB 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.
- 208 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 branch uses SWIFT/BIC code PARBITM1208?
PARBITM1208 identifies Milano, part of BNP Paribas Securities Services, Italy in Milano, Italy. Only use it if the account is held at this specific branch.
How long does a transfer to BNP Paribas Securities Services, Italy take?
SEPA payments in euros usually arrive within one business day, instant payments within seconds. Payments in other currencies can take 1–3 business days.
Do I need PARBITM1208 to send euros to Italy?
Italy is part of the SEPA area. For euro transfers the IBAN normally suffices and many banks fill in the BIC automatically. If you send another currency you do need PARBITM1208.
What do the letters in PARBITM1208 mean?
PARB is the institution code of BNP Paribas Securities Services, Italy, IT stands for Italy, M1 is the code for the city or region and 208 identifies the department Milano.
Can I use PARBITM1 instead of PARBITM1208?
PARBITM1 points to the head office of BNP Paribas Securities Services, Italy, while PARBITM1208 points to Milano. For a normal transfer the head office code is usually fine, yet use PARBITM1208 if the recipient asks for it.
What is the cheapest way to send money to BNP Paribas Securities Services, Italy?
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.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.