SWIFT/BIC code SUMOITM1XXX
SUMOITM1XXX belongs to Sviluppo Mobiliare Sim in Milano, Italy.
Code details
| SWIFT/BIC code | SUMOITM1XXX |
|---|---|
| 8-character code | SUMOITM1 |
| Branch code | XXX |
| Bank | Sviluppo Mobiliare Sim |
| Branch | Head office |
| City | Milano |
| Country | Italy |
How the Sviluppo Mobiliare Sim SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- SUMO 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 is behind SWIFT/BIC code SUMOITM1XXX?
SUMOITM1XXX is the SWIFT/BIC code of the headquarters of Sviluppo Mobiliare Sim in Milano, Italy. Use it when you send money to an account at Sviluppo Mobiliare Sim.
Does Sviluppo Mobiliare Sim use a single SWIFT/BIC code?
Yes – SUMOITM1XXX is the single SWIFT/BIC code listed for Sviluppo Mobiliare Sim in Italy, so there is no branch code to choose.
What is the cheapest way to send money to Sviluppo Mobiliare Sim?
Banks often add several percent to the exchange rate on top of a fee. Check what you receive in Euro with transfer services before you send – the difference can be large.
Is SUMOITM1 and SUMOITM1XXX the same SWIFT code?
Yes. SUMOITM1 is the 8-character version of SUMOITM1XXX. The XXX at the end only means head office, so either version will reach Sviluppo Mobiliare Sim in Milano.
Do I need SUMOITM1XXX for a euro transfer to Italy?
Italy is part of the SEPA area. For euro transfers the IBAN is usually enough and many banks fill in the BIC automatically. For other currencies you still need SUMOITM1XXX.
How long does it take to send money to Sviluppo Mobiliare Sim in Italy?
Euro transfers within SEPA normally arrive the next business day. 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.