SWIFT/BIC code TWOSITM1FOD
TWOSITM1FOD belongs to Sgss SPA in Milano, Italy.
Code details
| SWIFT/BIC code | TWOSITM1FOD |
|---|---|
| 8-character code | TWOSITM1 |
| Branch code | FOD |
| Bank | Sgss SPA |
| Branch | Sgss - T2s Party - Fod |
| City | Milano |
| Country | Italy |
The way the Sgss SPA SWIFT/BIC works
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.
- FOD 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 branch uses SWIFT/BIC code TWOSITM1FOD?
TWOSITM1FOD identifies Sgss - T2s Party - Fod, a unit of Sgss SPA in Milano, Italy. Only use it if the account is held at this specific branch.
What is the cheapest way to send money to Sgss SPA in Italy?
Banks often add 1–3% to the exchange rate on top of a fee. Check what you receive in Euro with transfer services before you send.
What happens if I enter TWOSITM1FOD with a typo?
Your transfer can bounce, get stuck or cost extra. Always check TWOSITM1FOD with the recipient before sending.
What do the letters in TWOSITM1FOD stand for?
TWOS is the institution code of Sgss SPA, IT is the ISO code of Italy, M1 is the code for the city or region and FOD is the code of the branch Sgss - T2s Party - Fod.
Do I need TWOSITM1FOD 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 do need TWOSITM1FOD.
How long does it take to send money to Sgss SPA?
SEPA payments in euros usually arrive within one business day, instant payments within seconds. Transfers 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.