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SWIFT/BIC code TWOSITM1EFG

TWOSITM1EFG belongs to Sgss SPA in Milano, Italy.

TWOSITM1EFG

Code details

SWIFT/BIC codeTWOSITM1EFG
8-character codeTWOSITM1
Branch codeEFG
BankSgss SPA
Branch—
CityMilano
CountryItaly

How the Sgss SPA SWIFT/BIC is structured

A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:

TWOS 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.
EFG 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/BIC code TWOSITM1EFG?

TWOSITM1EFG identifies Sgss SPA, a unit of Sgss SPA in Milano, Italy. Use this branch code only when the account is held at this specific branch.

What happens if I enter TWOSITM1EFG incorrectly?

The payment may be delayed, returned or charged extra fees. Double-check TWOSITM1EFG with the recipient before sending.

Can I use TWOSITM1 instead of TWOSITM1EFG?

TWOSITM1 points to the head office of Sgss SPA, while TWOSITM1EFG is Sgss SPA. For a normal transfer the head office code is usually fine, yet use TWOSITM1EFG if the recipient asks for it.

Does Sgss SPA have other SWIFT/BIC codes?

Yes, we list 57 SWIFT/BIC codes for Sgss SPA in Italy. All of them are listed on the page of Sgss SPA.

Do I need TWOSITM1EFG to send euros to Italy?

Italy belongs to the SEPA area. When you send euros the IBAN normally suffices. If you send another currency you still need TWOSITM1EFG.

How long does a transfer to Sgss SPA take in Italy?

SEPA payments in euros normally arrive the next business day. Payments in other currencies can take 1–3 business days.

Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.