SWIFT/BIC code TWOSITM1UCI
TWOSITM1UCI belongs to Sgss SPA in Milano, Italy.
Code details
| SWIFT/BIC code | TWOSITM1UCI |
|---|---|
| 8-character code | TWOSITM1 |
| Branch code | UCI |
| Bank | Sgss SPA |
| Branch | Sgss - T2s Party - Uci |
| City | Milano |
| Country | Italy |
The way 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.
- UCI 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 bank uses SWIFT/BIC code TWOSITM1UCI?
TWOSITM1UCI is the SWIFT/BIC code of Sgss - T2s Party - Uci, part of Sgss SPA in Milano, Italy. Use this branch code only when the recipient or their bank explicitly asks for it.
What does each part of TWOSITM1UCI mean?
TWOS is the institution code of Sgss SPA, IT stands for Italy, M1 is the code for the city or region and UCI is the code of the branch Sgss - T2s Party - Uci.
Do I need TWOSITM1UCI for a euro transfer to Italy?
Italy is part of the SEPA area. For euro transfers the IBAN is usually enough and many banks fill in the BIC automatically. For other currencies you still need TWOSITM1UCI.
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. Check what you receive in Euro with specialist providers before you send – the difference can be large.
How long does it take to send money to Sgss SPA?
Euro transfers within SEPA normally arrive the next business day, instant payments within seconds. Payments in other currencies can take 1–3 business days.
What happens if I use TWOSITM1UCI with a typo?
Your transfer can bounce, get stuck or cost extra. Double-check TWOSITM1UCI with the recipient before sending.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.