SWIFT/BIC code SRAAITM1XXX
SRAAITM1XXX belongs to Banca Sara SPA in Milano, Italy.
Code details
| SWIFT/BIC code | SRAAITM1XXX |
|---|---|
| 8-character code | SRAAITM1 |
| Branch code | XXX |
| Bank | Banca Sara SPA |
| Branch | Head office |
| City | Milano |
| Country | Italy |
The way the Banca Sara SPA SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- SRAA 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 SRAAITM1XXX?
SRAAITM1XXX is the SWIFT/BIC code of the headquarters of Banca Sara SPA in Milano, Italy. It is the code to use when a payment to Banca Sara SPA does not need a specific branch.
What is the best way to send money to Banca Sara SPA?
Many banks add several percent to the exchange rate on top of a fee. Compare the amount that arrives in Euro with specialist providers before you send – the difference can be large.
Does Banca Sara SPA use a single SWIFT/BIC code?
Yes, SRAAITM1XXX is the only SWIFT/BIC code listed for Banca Sara SPA in Italy, so you do not need to pick a branch code.
What happens if I use SRAAITM1XXX with a typo?
The payment may be delayed, returned or charged extra fees. Always check SRAAITM1XXX against the details from Banca Sara SPA before sending.
Do I need SRAAITM1XXX for a euro transfer to Italy?
Italy belongs to the SEPA area. For euro transfers the IBAN normally suffices. For other currencies you do need SRAAITM1XXX.
How long does it take to send money to Banca Sara SPA?
Euro transfers within SEPA usually arrive within one business day. Transfers in other currencies can take 1–3 business days.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.