SWIFT/BIC code TOFRITM1XXX
TOFRITM1XXX belongs to Tower Finance SRL in Milano, Italy.
Code details
| SWIFT/BIC code | TOFRITM1XXX |
|---|---|
| 8-character code | TOFRITM1 |
| Branch code | XXX |
| Bank | Tower Finance SRL |
| Branch | Head office |
| City | Milano |
| Country | Italy |
How the Tower Finance SRL SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- TOFR 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 BIC TOFRITM1XXX?
TOFRITM1XXX is the SWIFT/BIC code of the headquarters of Tower Finance SRL in Milano, Italy. Use it when you send money to an account at Tower Finance SRL.
What do the letters in TOFRITM1XXX stand for?
TOFR is the institution code of Tower Finance SRL, IT stands for Italy, M1 is the code for the city or region and XXX marks the head office.
Does Tower Finance SRL use only one SWIFT/BIC code?
Yes – TOFRITM1XXX is the only SWIFT/BIC code we have for Tower Finance SRL in Italy, so there is no branch code to choose.
What is the best way to send money to Tower Finance SRL?
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.
Is TOFRITM1 and TOFRITM1XXX the same SWIFT code?
Yes. TOFRITM1 is the short version of TOFRITM1XXX. XXX simply refers to the head office, so either version routes your payment to Tower Finance SRL in Milano.
Do I need TOFRITM1XXX for a euro transfer to Italy?
Italy belongs to the SEPA area. When you send euros the IBAN is usually enough and many banks fill in the BIC automatically. For other currencies you do need TOFRITM1XXX.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.