SWIFT/BIC code PITEITM1XXX
PITEITM1XXX belongs to Piteco S.P.A. in Milano, Italy.
Code details
| SWIFT/BIC code | PITEITM1XXX |
|---|---|
| 8-character code | PITEITM1 |
| Branch code | XXX |
| Bank | Piteco S.P.A. |
| Branch | Head office |
| City | Milano |
| Country | Italy |
The way the Piteco S.P.A. SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- PITE 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 is behind SWIFT code PITEITM1XXX?
PITEITM1XXX is the SWIFT/BIC code of the head office of Piteco S.P.A. in Milano, Italy. Use it when a payment to Piteco S.P.A. does not need a specific branch.
What do the letters in PITEITM1XXX mean?
PITE is the institution code of Piteco S.P.A., IT stands for Italy, M1 is the location code and XXX means the head office.
How long does a transfer to Piteco S.P.A. take in Italy?
Euro transfers within SEPA normally arrive the next business day, instant payments within seconds. Payments in other currencies can take 1–3 business days.
Do I need PITEITM1XXX for a euro transfer 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 PITEITM1XXX.
Is PITEITM1 and PITEITM1XXX the same code?
Yes, they are. PITEITM1 is the 8-character version of PITEITM1XXX. The XXX at the end only means head office, so both will reach Piteco S.P.A. in Milano.
What is the best way to send money to Piteco S.P.A. in Italy?
Many banks add 1–3% to the exchange rate on top of a fee. Check what you receive 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.