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SWIFT/BIC code TWOSITM1FTE

TWOSITM1FTE belongs to Sgss SPA in Milano, Italy.

TWOSITM1FTE

Code details

SWIFT/BIC codeTWOSITM1FTE
8-character codeTWOSITM1
Branch codeFTE
BankSgss SPA
BranchSgss - T2s Party - Fte
CityMilano
CountryItaly

How the Sgss SPA SWIFT/BIC is built up

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.
FTE 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 bank is behind SWIFT/BIC code TWOSITM1FTE?

The code TWOSITM1FTE belongs to Sgss - T2s Party - Fte, a unit of Sgss SPA in Milano, Italy. Only use it if the account is held at this specific branch.

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

SEPA payments in euros usually arrive within one business day, instant payments within seconds. Payments in other currencies can take 1–3 business days.

Do I need TWOSITM1FTE 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 do need TWOSITM1FTE.

What does each part of TWOSITM1FTE mean?

TWOS is the bank code of Sgss SPA, IT is the ISO code of Italy, M1 is the location code and FTE identifies the branch Sgss - T2s Party - Fte.

Can I use TWOSITM1 instead of TWOSITM1FTE?

TWOSITM1 is the main office of Sgss SPA, while TWOSITM1FTE points to Sgss - T2s Party - Fte. Most international transfers work with the head office code, but use TWOSITM1FTE if the recipient asks for it.

What happens if I use TWOSITM1FTE with a typo?

The payment may be delayed, returned or charged extra fees. Always check TWOSITM1FTE against the details from Sgss SPA before you confirm.

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