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SWIFT/BIC code TWOSITM1PRL

TWOSITM1PRL belongs to Sgss SPA in Milano, Italy.

TWOSITM1PRL

Code details

SWIFT/BIC codeTWOSITM1PRL
8-character codeTWOSITM1
Branch codePRL
BankSgss SPA
BranchSgss - T2s Party - Prl
CityMilano
CountryItaly

The way the Sgss SPA SWIFT/BIC works

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.
PRL 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 SWIFT/BIC code TWOSITM1PRL?

The code TWOSITM1PRL belongs to Sgss - T2s Party - Prl, a branch or department of Sgss SPA in Milano, Italy. Use this branch code only when the recipient or their bank explicitly asks for it.

Can I use TWOSITM1 instead of TWOSITM1PRL?

TWOSITM1 is the head office of Sgss SPA, while TWOSITM1PRL is Sgss - T2s Party - Prl. Most international transfers work with the head office code, but follow the instructions of the recipient if they mention TWOSITM1PRL.

What do the letters in TWOSITM1PRL mean?

TWOS is the bank code of Sgss SPA, IT stands for Italy, M1 is the code for the city or region and PRL identifies the branch Sgss - T2s Party - Prl.

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

SEPA payments in euros normally arrive the next business day. Payments in other currencies can take 1–3 business days.

Do I need TWOSITM1PRL for a euro transfer to Italy?

Italy belongs to the SEPA area. For euro transfers the IBAN normally suffices and many banks fill in the BIC automatically. If you send another currency you still need TWOSITM1PRL.

What happens if I enter TWOSITM1PRL with a typo?

Your transfer can bounce, get stuck or cost extra. Double-check TWOSITM1PRL against the details from Sgss SPA before sending.

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