SWIFT/BIC code SVELITM1XXX
SVELITM1XXX belongs to Spv Project 1502 S.r.l in Milano, Italy.
Code details
| SWIFT/BIC code | SVELITM1XXX |
|---|---|
| 8-character code | SVELITM1 |
| Branch code | XXX |
| Bank | Spv Project 1502 S.r.l |
| Branch | Head office |
| City | Milano |
| Country | Italy |
The way the Spv Project 1502 S.r.l SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- SVEL 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 SWIFT code SVELITM1XXX?
SVELITM1XXX is the SWIFT/BIC code of the head office of Spv Project 1502 S.r.l in Milano, Italy. It is the code to use when you send money to an account at Spv Project 1502 S.r.l.
What do the letters in SVELITM1XXX stand for?
SVEL is the bank code of Spv Project 1502 S.r.l, IT stands for Italy, M1 is the code for the city or region and XXX marks the main office.
Is SVELITM1 and SVELITM1XXX the same SWIFT code?
Yes. SVELITM1 is the 8-character version of SVELITM1XXX. The XXX at the end only refers to the head office, so both routes your payment to Spv Project 1502 S.r.l in Milano.
Do I need SVELITM1XXX for a euro transfer to Italy?
Italy is part of the SEPA area. When you send euros the IBAN is usually enough. If you send another currency you do need SVELITM1XXX.
How long does a transfer to Spv Project 1502 S.r.l 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.
What is the best way to send money to Spv Project 1502 S.r.l?
Many banks 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.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.