SWIFT/BIC code TWOSITM1SMI
TWOSITM1SMI belongs to Sgss SPA in Milano, Italy.
Code details
| SWIFT/BIC code | TWOSITM1SMI |
|---|---|
| 8-character code | TWOSITM1 |
| Branch code | SMI |
| Bank | Sgss SPA |
| Branch | Sgss - T2s Party - Smi |
| City | Milano |
| Country | Italy |
How the Sgss SPA SWIFT/BIC is structured
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.
- SMI 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 SWIFT code TWOSITM1SMI?
TWOSITM1SMI identifies Sgss - T2s Party - Smi, a branch or department of Sgss SPA in Milano, Italy. Use this branch code only when the account is held at this specific branch.
Can I use TWOSITM1 instead of TWOSITM1SMI?
TWOSITM1 points to the main office of Sgss SPA, while TWOSITM1SMI is Sgss - T2s Party - Smi. For a normal transfer the head office code is usually fine, but use TWOSITM1SMI if the recipient asks for it.
What happens if I enter TWOSITM1SMI incorrectly?
Your transfer can bounce, get stuck or cost extra. Always check TWOSITM1SMI with the recipient before sending.
What is the cheapest way to send money to Sgss SPA?
Banks often add 1–3% to the exchange rate on top of a fee. Compare what you receive in Euro with transfer services before you send.
What does each part of TWOSITM1SMI stand for?
TWOS is the bank code of Sgss SPA, IT stands for Italy, M1 is the location code and SMI identifies the department Sgss - T2s Party - Smi.
Do I need TWOSITM1SMI to send euros 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 TWOSITM1SMI.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.