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SWIFT/BIC code UNCRITM1M40

UNCRITM1M40 belongs to Unicredit SPA in Palermo, Italy.

UNCRITM1M40

Code details

SWIFT/BIC codeUNCRITM1M40
8-character codeUNCRITM1
Branch codeM40
BankUnicredit SPA
BranchPalermo Sciuti
CityPalermo
CountryItaly

The way 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.
M40 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 is behind SWIFT/BIC code UNCRITM1M40?

UNCRITM1M40 identifies Palermo Sciuti, a branch or department of Unicredit SPA in Palermo, Italy. Use this branch code only when the account is held at this specific branch.

What is the cheapest way to send money to Unicredit SPA in Italy?

Many banks add 1–3% to the exchange rate on top of a fee. Check what you receive in Euro with specialist providers before you send.

What do the letters in UNCRITM1M40 mean?

UNCR is the institution code of Unicredit SPA, IT stands for Italy, M1 is the location code and M40 is the code of the department Palermo Sciuti.

How long does a transfer to Unicredit SPA take?

Euro transfers within SEPA normally arrive the next business day, instant payments within seconds. Payments in other currencies can take 1–3 business days.

Do I need UNCRITM1M40 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. If you send another currency you still need UNCRITM1M40.

Can I use UNCRITM1 instead of UNCRITM1M40?

UNCRITM1 is the main office of Unicredit SPA, while UNCRITM1M40 points to Palermo Sciuti. For a normal transfer the head office code is usually fine, yet use UNCRITM1M40 if the recipient asks for it.

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