SWIFT/BIC code PARBITM1IDE
PARBITM1IDE belongs to BNP Paribas Securities Services, Italy in Milano, Italy.
Code details
| SWIFT/BIC code | PARBITM1IDE |
|---|---|
| 8-character code | PARBITM1 |
| Branch code | IDE |
| Bank | BNP Paribas Securities Services, Italy |
| Branch | Milano |
| City | Milano |
| Country | Italy |
How the BNP Paribas Securities Services, Italy SWIFT/BIC is structured
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.
- IDE 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 BIC PARBITM1IDE?
PARBITM1IDE identifies Milano, part of BNP Paribas Securities Services, Italy in Milano, Italy. Only use it if the account is held at this specific branch.
What is the cheapest way to send money to BNP Paribas Securities Services, Italy in 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 – the difference can be large.
What do the letters in PARBITM1IDE stand for?
PARB is the bank code of BNP Paribas Securities Services, Italy, IT is the ISO code of Italy, M1 is the code for the city or region and IDE is the code of the department Milano.
Can I use PARBITM1 instead of PARBITM1IDE?
PARBITM1 is the head office of BNP Paribas Securities Services, Italy, while PARBITM1IDE points to Milano. For a normal transfer the head office code is usually fine, yet follow the instructions of the recipient if they mention PARBITM1IDE.
What happens if I enter PARBITM1IDE incorrectly?
The payment may be delayed, returned or charged extra fees. Double-check PARBITM1IDE with the recipient before you confirm.
Do I need PARBITM1IDE to send euros to Italy?
Italy belongs to the SEPA area. For euro transfers the IBAN normally suffices. For other currencies you still need PARBITM1IDE.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.