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SWIFT/BIC code UNCRITM162B

UNCRITM162B belongs to Unicredit SPA in Gragnano, Italy.

UNCRITM162B

Code details

SWIFT/BIC codeUNCRITM162B
8-character codeUNCRITM1
Branch code62B
BankUnicredit SPA
BranchGragnano
CityGragnano
CountryItaly

How the Unicredit SPA SWIFT/BIC works

A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:

UNCR 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.
62B 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 UNCRITM162B?

UNCRITM162B is the SWIFT/BIC code of Gragnano, part of Unicredit SPA in Gragnano, Italy. Only use it if the recipient or their bank explicitly asks for it.

What does each part of UNCRITM162B stand for?

UNCR is the institution code of Unicredit SPA, IT stands for Italy, M1 is the location code and 62B is the code of the branch Gragnano.

How long does a transfer to Unicredit SPA take?

SEPA payments in euros usually arrive within one business day, instant payments within seconds. Payments in other currencies can take 2–4 business days.

Do I need UNCRITM162B for a euro transfer to Italy?

Italy belongs to the SEPA area. When you send euros the IBAN normally suffices. If you send another currency you still need UNCRITM162B.

What is the best way to send money to Unicredit SPA?

Many banks add 1–3% to the exchange rate on top of a fee. Check the amount that arrives in Euro with specialist providers before you send – the difference can be large.

Can I use UNCRITM1 instead of UNCRITM162B?

UNCRITM1 is the main office of Unicredit SPA, while UNCRITM162B points to Gragnano. For a normal transfer the head office code is usually fine, yet follow the instructions of the recipient if they mention UNCRITM162B.

Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.