SWIFT/BIC code TWOSITM1NEW
TWOSITM1NEW belongs to Sgss SPA in Milano, Italy.
Code details
| SWIFT/BIC code | TWOSITM1NEW |
|---|---|
| 8-character code | TWOSITM1 |
| Branch code | NEW |
| Bank | Sgss SPA |
| Branch | Sgss - T2s Party - New |
| City | Milano |
| Country | Italy |
The way 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.
- NEW 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 TWOSITM1NEW?
TWOSITM1NEW identifies Sgss - T2s Party - New, part of Sgss SPA in Milano, Italy. Use this branch code only when the recipient or their bank explicitly asks for it.
What happens if I use TWOSITM1NEW with a typo?
The payment may be delayed, returned or charged extra fees. Double-check TWOSITM1NEW against the details from Sgss SPA before you confirm.
What is the best way to send money to Sgss SPA in Italy?
Many banks add 1–3% to the exchange rate on top of a fee. Compare what you receive in Euro with transfer services before you send.
What does each part of TWOSITM1NEW stand for?
TWOS is the institution code of Sgss SPA, IT stands for Italy, M1 is the code for the city or region and NEW identifies the branch Sgss - T2s Party - New.
Has Sgss SPA got other SWIFT/BIC codes?
Yes – we list 57 SWIFT/BIC codes for Sgss SPA in Italy. You can see them all on the bank page.
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 2–4 business days.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.