SWIFT/BIC code TIPSITM1XXX
TIPSITM1XXX belongs to Tiberio Spv S.r.l. in Milano, Italy.
Code details
| SWIFT/BIC code | TIPSITM1XXX |
|---|---|
| 8-character code | TIPSITM1 |
| Branch code | XXX |
| Bank | Tiberio Spv S.r.l. |
| Branch | Head office |
| City | Milano |
| Country | Italy |
The way the Tiberio Spv S.r.l. SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- TIPS 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 SWIFT/BIC code TIPSITM1XXX?
TIPSITM1XXX is the SWIFT/BIC code of the main office of Tiberio Spv S.r.l. in Milano, Italy. It is the code to use when you send money to an account at Tiberio Spv S.r.l..
Do I need TIPSITM1XXX to send euros to Italy?
Italy belongs to the SEPA area. For euro transfers the IBAN normally suffices. If you send another currency you do need TIPSITM1XXX.
How long does it take to send money to Tiberio Spv S.r.l. in Italy?
SEPA payments in euros normally arrive the next business day. Payments in other currencies can take 2–4 business days.
Is TIPSITM1 and TIPSITM1XXX the same code?
Yes. TIPSITM1 is the 8-character version of TIPSITM1XXX. The XXX at the end only means head office, so either version routes your payment to Tiberio Spv S.r.l. in Milano.
What does each part of TIPSITM1XXX stand for?
TIPS is the institution code of Tiberio Spv S.r.l., IT is the ISO code of Italy, M1 is the location code and XXX marks the head office.
What is the best way to send money to Tiberio Spv S.r.l.?
Banks often 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 – 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.