SWIFT/BIC code SISPITM1XXX
SISPITM1XXX belongs to Schroders Italy Sim SPA in Milano, Italy.
Code details
| SWIFT/BIC code | SISPITM1XXX |
|---|---|
| 8-character code | SISPITM1 |
| Branch code | XXX |
| Bank | Schroders Italy Sim SPA |
| Branch | Head office |
| City | Milano |
| Country | Italy |
How the Schroders Italy Sim SPA SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- SISP 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
What bank is behind BIC SISPITM1XXX?
The code SISPITM1XXX belongs to the head office of Schroders Italy Sim SPA in Milano, Italy. It is the code to use when a payment to Schroders Italy Sim SPA does not need a specific branch.
What is the best way to send money to Schroders Italy Sim SPA?
Banks often add several percent to the exchange rate on top of a fee. Check the amount that arrives in Euro with transfer services before you send.
Does Schroders Italy Sim SPA have only one SWIFT/BIC code?
Yes, SISPITM1XXX is the only SWIFT/BIC code listed for Schroders Italy Sim SPA in Italy, so there is no branch code to choose.
What happens if I use SISPITM1XXX incorrectly?
The payment may be delayed, returned or charged extra fees. Double-check SISPITM1XXX against the details from Schroders Italy Sim SPA before sending.
What do the letters in SISPITM1XXX mean?
SISP is the bank code of Schroders Italy Sim SPA, IT stands for Italy, M1 is the location code and XXX marks the head office.
Do I need SISPITM1XXX for a euro transfer to Italy?
Italy belongs to the SEPA area. When you send euros the IBAN is usually enough and many banks fill in the BIC automatically. If you send another currency you do need SISPITM1XXX.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.