SWIFT/BIC code TWOSITM1POS
TWOSITM1POS belongs to Sgss SPA in Milano, Italy.
Code details
| SWIFT/BIC code | TWOSITM1POS |
|---|---|
| 8-character code | TWOSITM1 |
| Branch code | POS |
| Bank | Sgss SPA |
| Branch | Sgss - T2s Party - Pos |
| 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.
- POS 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 TWOSITM1POS?
TWOSITM1POS identifies Sgss - T2s Party - Pos, a unit of Sgss SPA in Milano, Italy. Only use it if the recipient or their bank explicitly asks for it.
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.
Do I need TWOSITM1POS to send euros to Italy?
Italy is part of the SEPA area. When you send euros the IBAN normally suffices and many banks fill in the BIC automatically. For other currencies you do need TWOSITM1POS.
What do the letters in TWOSITM1POS mean?
TWOS is the institution code of Sgss SPA, IT is the ISO code of Italy, M1 is the location code and POS is the code of the branch Sgss - T2s Party - Pos.
What is the best way to send money to Sgss SPA in Italy?
Many banks add several percent to the exchange rate on top of a fee. Compare what you receive in Euro with transfer services before you send.
Has Sgss SPA got other SWIFT/BIC codes?
Yes – we list 57 SWIFT/BIC codes for Sgss SPA in Italy. All of them are listed on the page of Sgss SPA.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.