SWIFT/BIC code TWOSITM1SGP
TWOSITM1SGP belongs to Sgss SPA in Milano, Italy.
Code details
| SWIFT/BIC code | TWOSITM1SGP |
|---|---|
| 8-character code | TWOSITM1 |
| Branch code | SGP |
| Bank | Sgss SPA |
| Branch | Sgss - T2s Party - Sgp |
| 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.
- SGP 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 TWOSITM1SGP?
TWOSITM1SGP identifies Sgss - T2s Party - Sgp, part of Sgss SPA in Milano, Italy. Only use it if the account is held at this specific branch.
What happens if I use TWOSITM1SGP with a typo?
Your transfer can bounce, get stuck or cost extra. Always check TWOSITM1SGP against the details from Sgss SPA before sending.
What does each part of TWOSITM1SGP mean?
TWOS is the institution code of Sgss SPA, IT is the ISO code of Italy, M1 is the location code and SGP identifies the branch Sgss - T2s Party - Sgp.
Do I need TWOSITM1SGP for a euro transfer to Italy?
Italy belongs to the SEPA area. When you send euros the IBAN is usually enough and many banks fill in the BIC automatically. For other currencies you do need TWOSITM1SGP.
How long does it take to send money to Sgss SPA?
SEPA payments in euros usually arrive within one business day, instant payments within seconds. Transfers in other currencies can take 1–3 business days.
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 specialist providers before you send – the difference can be large.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.