SWIFT/BIC code REDDITM1XXX
REDDITM1XXX belongs to ING Sviluppo Gestioni SPA in Milano, Italy.
Code details
| SWIFT/BIC code | REDDITM1XXX |
|---|---|
| 8-character code | REDDITM1 |
| Branch code | XXX |
| Bank | ING Sviluppo Gestioni SPA |
| Branch | Head office |
| City | Milano |
| Country | Italy |
How the ING Sviluppo Gestioni SPA SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- REDD 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 REDDITM1XXX?
REDDITM1XXX identifies the head office of ING Sviluppo Gestioni SPA in Milano, Italy. Use it when a payment to ING Sviluppo Gestioni SPA does not need a specific branch.
Do I need REDDITM1XXX to send euros to Italy?
Italy belongs to the SEPA area. For euro transfers the IBAN is usually enough and many banks fill in the BIC automatically. If you send another currency you do need REDDITM1XXX.
How long does it take to send money to ING Sviluppo Gestioni SPA in Italy?
SEPA payments in euros normally arrive the next business day, instant payments within seconds. Payments in other currencies can take 1–3 business days.
What happens if I enter REDDITM1XXX with a typo?
Your transfer can bounce, get stuck or cost extra. Always check REDDITM1XXX with the recipient before sending.
Is REDDITM1 and REDDITM1XXX the same SWIFT code?
Yes. REDDITM1 is the short version of REDDITM1XXX. XXX simply refers to the head office, so both routes your payment to ING Sviluppo Gestioni SPA in Milano.
What is the cheapest way to send money to ING Sviluppo Gestioni SPA in Italy?
Banks often 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.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.