SWIFT/BIC code SVILITM1XXX
SVILITM1XXX belongs to ING Sviluppo Sim in Milano, Italy.
Code details
| SWIFT/BIC code | SVILITM1XXX |
|---|---|
| 8-character code | SVILITM1 |
| Branch code | XXX |
| Bank | ING Sviluppo Sim |
| Branch | Head office |
| City | Milano |
| Country | Italy |
The way the ING Sviluppo Sim SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- SVIL 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 is behind SWIFT/BIC code SVILITM1XXX?
The code SVILITM1XXX belongs to the head office of ING Sviluppo Sim in Milano, Italy. Use it when you send money to an account at ING Sviluppo Sim.
Are SVILITM1 and SVILITM1XXX the same SWIFT code?
Yes, they are. SVILITM1 is the 8-character version of SVILITM1XXX. The XXX at the end only refers to the head office, so both will reach ING Sviluppo Sim in Milano.
How long does a transfer to ING Sviluppo Sim take in Italy?
Euro transfers within SEPA normally arrive the next business day. Payments in other currencies can take 1–3 business days.
Do I need SVILITM1XXX to send euros to Italy?
Italy is part of the SEPA area. When you send euros the IBAN is usually enough. If you send another currency you still need SVILITM1XXX.
Does ING Sviluppo Sim use only one SWIFT/BIC code?
Yes – SVILITM1XXX is the single SWIFT/BIC code we have for ING Sviluppo Sim in Italy, so there is no branch code to choose.
What happens if I enter SVILITM1XXX incorrectly?
The payment may be delayed, returned or charged extra fees. Always check SVILITM1XXX against the details from ING Sviluppo Sim before you confirm.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.