SWIFT/BIC code TWOSITMMTES
TWOSITMMTES belongs to Sgss SPA in Milano, Italy.
Code details
| SWIFT/BIC code | TWOSITMMTES |
|---|---|
| 8-character code | TWOSITMM |
| Branch code | TES |
| Bank | Sgss SPA |
| Branch | Tesoreria |
| 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).
- MM Location code
- 2 characters for the city or region of the head office.
- TES 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 is behind BIC TWOSITMMTES?
TWOSITMMTES identifies Tesoreria, part of Sgss SPA in Milano, Italy. Only use it if the recipient or their bank explicitly asks for it.
What is the cheapest way to send money to Sgss SPA in Italy?
Banks often add several percent to the exchange rate on top of a fee. Check the amount that arrives in Euro with transfer services before you send.
How long does it take to send money to Sgss SPA in Italy?
SEPA payments in euros usually arrive within one business day. Transfers in other currencies can take 2–4 business days.
Do I need TWOSITMMTES to send euros to Italy?
Italy is part of the SEPA area. For euro transfers the IBAN normally suffices and many banks fill in the BIC automatically. For other currencies you still need TWOSITMMTES.
What happens if I enter TWOSITMMTES incorrectly?
Your transfer can bounce, get stuck or cost extra. Always check TWOSITMMTES with the recipient before sending.
Can I use TWOSITMM instead of TWOSITMMTES?
TWOSITMM is the head office of Sgss SPA, while TWOSITMMTES is Tesoreria. Most international transfers work with the head office code, but follow the instructions of the recipient if they mention TWOSITMMTES.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.