SWIFT/BIC code TWOSITM1PAR
TWOSITM1PAR belongs to Sgss SPA in Milano, Italy.
Code details
| SWIFT/BIC code | TWOSITM1PAR |
|---|---|
| 8-character code | TWOSITM1 |
| Branch code | PAR |
| Bank | Sgss SPA |
| Branch | Sgss - T2s Party - Par |
| City | Milano |
| Country | Italy |
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.
- PAR 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 BIC TWOSITM1PAR?
TWOSITM1PAR identifies Sgss - T2s Party - Par, part of Sgss SPA in Milano, Italy. Use this branch code only when the recipient or their bank explicitly asks for it.
Do I need TWOSITM1PAR for a euro transfer to Italy?
Italy is part of the SEPA area. When you send euros the IBAN normally suffices. If you send another currency you still need TWOSITM1PAR.
Has Sgss SPA got 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. You can see them all on the bank page.
How long does a transfer to Sgss SPA take in Italy?
SEPA payments in euros normally arrive the next business day. Transfers in other currencies can take 2–4 business days.
Can I use TWOSITM1 instead of TWOSITM1PAR?
TWOSITM1 points to the head office of Sgss SPA, while TWOSITM1PAR is Sgss - T2s Party - Par. For a normal transfer the head office code is usually fine, but follow the instructions of the recipient if they mention TWOSITM1PAR.
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. Compare the amount that arrives in Euro with specialist providers before you send.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.