SWIFT/BIC code SMMOITM1XXX
SMMOITM1XXX belongs to Sai Mercati Mobiliari S.p.a in Milano, Italy.
Code details
| SWIFT/BIC code | SMMOITM1XXX |
|---|---|
| 8-character code | SMMOITM1 |
| Branch code | XXX |
| Bank | Sai Mercati Mobiliari S.p.a |
| Branch | Head office |
| City | Milano |
| Country | Italy |
The way the Sai Mercati Mobiliari S.p.a SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- SMMO 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 uses BIC SMMOITM1XXX?
The code SMMOITM1XXX belongs to the main office of Sai Mercati Mobiliari S.p.a in Milano, Italy. Use it when you send money to an account at Sai Mercati Mobiliari S.p.a.
What do the letters in SMMOITM1XXX stand for?
SMMO is the bank code of Sai Mercati Mobiliari S.p.a, IT stands for Italy, M1 is the location code and XXX marks the main office.
What is the best way to send money to Sai Mercati Mobiliari S.p.a?
Many banks add 1–3% to the exchange rate on top of a fee. Compare the amount that arrives in Euro with specialist providers before you send.
Is SMMOITM1 and SMMOITM1XXX the same code?
Yes, they are. SMMOITM1 is the short version of SMMOITM1XXX. The XXX at the end only means head office, so either version routes your payment to Sai Mercati Mobiliari S.p.a in Milano.
Do I need SMMOITM1XXX for a euro transfer to Italy?
Italy is part of the SEPA area. When you send euros the IBAN is usually enough. For other currencies you still need SMMOITM1XXX.
How long does a transfer to Sai Mercati Mobiliari S.p.a take?
Euro transfers within SEPA usually arrive within one business day, instant payments within seconds. Transfers in other currencies can take 2–4 business days.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.