SWIFT/BIC code PARBITM1216
PARBITM1216 belongs to BNP Paribas Securities Services, Italy in Milano, Italy.
Code details
| SWIFT/BIC code | PARBITM1216 |
|---|---|
| 8-character code | PARBITM1 |
| Branch code | 216 |
| 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.
- 216 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 is behind SWIFT/BIC code PARBITM1216?
PARBITM1216 is the SWIFT/BIC code of Milano, a branch or department of BNP Paribas Securities Services, Italy in Milano, Italy. Only use it if the account is held at this specific branch.
What does each part of PARBITM1216 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 216 identifies the department Milano.
Do I need PARBITM1216 to send euros to Italy?
Italy belongs to the SEPA area. When you send euros the IBAN normally suffices and many banks fill in the BIC automatically. If you send another currency you still need PARBITM1216.
How long does a transfer to BNP Paribas Securities Services, Italy take in Italy?
SEPA payments in euros normally arrive the next business day. Payments in other currencies can take 1–3 business days.
What happens if I enter PARBITM1216 with a typo?
The payment may be delayed, returned or charged extra fees. Double-check PARBITM1216 against the details from BNP Paribas Securities Services, Italy before sending.
What is the best way to send money to BNP Paribas Securities Services, Italy?
Banks often add 1–3% to the exchange rate on top of a fee. Compare what you receive in Euro with transfer services before you send.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.