SWIFT/BIC code TWOSITM1SAP
TWOSITM1SAP belongs to Sgss SPA in Milano, Italy.
Code details
| SWIFT/BIC code | TWOSITM1SAP |
|---|---|
| 8-character code | TWOSITM1 |
| Branch code | SAP |
| Bank | Sgss SPA |
| Branch | Sgss - T2s Party - Sap |
| City | Milano |
| Country | Italy |
How 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.
- SAP 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 TWOSITM1SAP?
The code TWOSITM1SAP belongs to Sgss - T2s Party - Sap, a unit of Sgss SPA in Milano, Italy. Only use it if the account is held at this specific branch.
What happens if I use TWOSITM1SAP with a typo?
Your transfer can bounce, get stuck or cost extra. Double-check TWOSITM1SAP with the recipient before sending.
Do I need TWOSITM1SAP to send euros to Italy?
Italy is part of the SEPA area. For euro transfers the IBAN normally suffices. If you send another currency you still need TWOSITM1SAP.
How long does a transfer to Sgss SPA take?
Euro transfers within SEPA usually arrive within one business day, instant payments within seconds. Transfers in other currencies can take 2–4 business days.
Can I use TWOSITM1 instead of TWOSITM1SAP?
TWOSITM1 is the main office of Sgss SPA, while TWOSITM1SAP points to Sgss - T2s Party - Sap. For a normal transfer the head office code is usually fine, yet use TWOSITM1SAP if the recipient asks for it.
What does each part of TWOSITM1SAP stand for?
TWOS is the bank code of Sgss SPA, IT is the ISO code of Italy, M1 is the code for the city or region and SAP is the code of the branch Sgss - T2s Party - Sap.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.