SWIFT/BIC code TWOSITM1MFD
TWOSITM1MFD belongs to Sgss SPA in Milano, Italy.
Code details
| SWIFT/BIC code | TWOSITM1MFD |
|---|---|
| 8-character code | TWOSITM1 |
| Branch code | MFD |
| Bank | Sgss SPA |
| Branch | Omnibus Mutual Fund |
| City | Milano |
| Country | Italy |
The way 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.
- MFD 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 BIC TWOSITM1MFD?
The code TWOSITM1MFD belongs to Omnibus Mutual Fund, a unit of Sgss SPA in Milano, Italy. Use this branch code only when the account is held at this specific branch.
What is the cheapest way to send money to Sgss SPA?
Many banks add several percent to the exchange rate on top of a fee. Check the amount that arrives in Euro with specialist providers before you send – the difference can be large.
Does Sgss SPA have more SWIFT/BIC codes?
Yes – we list 57 SWIFT/BIC codes for Sgss SPA in Italy, for the head office and several branches or departments. All of them are listed on the page of Sgss SPA.
What happens if I enter TWOSITM1MFD incorrectly?
Your transfer can bounce, get stuck or cost extra. Double-check TWOSITM1MFD against the details from Sgss SPA before sending.
Do I need TWOSITM1MFD to send euros to Italy?
Italy is part of the SEPA area. When you send euros the IBAN is usually enough and many banks fill in the BIC automatically. For other currencies you still need TWOSITM1MFD.
How long does a transfer to Sgss SPA take in Italy?
Euro transfers within SEPA 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.