SWIFT/BIC code SCFAITM1XXX
SCFAITM1XXX belongs to Scotti Finanziaria SPA in Milano, Italy.
Code details
| SWIFT/BIC code | SCFAITM1XXX |
|---|---|
| 8-character code | SCFAITM1 |
| Branch code | XXX |
| Bank | Scotti Finanziaria SPA |
| Branch | Head office |
| City | Milano |
| Country | Italy |
How the Scotti Finanziaria SPA SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- SCFA 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 institution uses BIC SCFAITM1XXX?
SCFAITM1XXX is the SWIFT/BIC code of the headquarters of Scotti Finanziaria SPA in Milano, Italy. It is the code to use when a payment to Scotti Finanziaria SPA does not need a specific branch.
What does each part of SCFAITM1XXX stand for?
SCFA is the institution code of Scotti Finanziaria SPA, IT is the ISO code of Italy, M1 is the location code and XXX means the main office.
How long does it take to send money to Scotti Finanziaria SPA?
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 SCFAITM1XXX to send euros to Italy?
Italy is part of 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 do need SCFAITM1XXX.
Are SCFAITM1 and SCFAITM1XXX the same code?
Yes. SCFAITM1 is the short version of SCFAITM1XXX. The XXX at the end only means head office, so both will reach Scotti Finanziaria SPA in Milano.
What is the cheapest way to send money to Scotti Finanziaria SPA?
Many banks add 1–3% to the exchange rate on top of a fee. Check the amount that arrives in Euro with specialist providers before you send.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.