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SWIFT/BIC code UNCRITM1PM1

UNCRITM1PM1 belongs to Unicredit SPA in Bologna, Italy.

UNCRITM1PM1

Code details

SWIFT/BIC codeUNCRITM1PM1
8-character codeUNCRITM1
Branch codePM1
BankUnicredit SPA
BranchBologna Murri B
CityBologna
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.
PM1 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 SWIFT/BIC code UNCRITM1PM1?

UNCRITM1PM1 is the SWIFT/BIC code of Bologna Murri B, a unit of Unicredit SPA in Bologna, Italy. Only use it if the recipient or their bank explicitly asks for it.

Can I use UNCRITM1 instead of UNCRITM1PM1?

UNCRITM1 points to the head office of Unicredit SPA, while UNCRITM1PM1 is Bologna Murri B. Most international transfers work with the head office code, yet follow the instructions of the recipient if they mention UNCRITM1PM1.

What does each part of UNCRITM1PM1 mean?

UNCR is the institution code of Unicredit SPA, IT is the ISO code of Italy, M1 is the location code and PM1 is the code of the department Bologna Murri B.

How long does a transfer to Unicredit SPA take in Italy?

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

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

Many banks add 1–3% to the exchange rate on top of a fee. Check what you receive in Euro with transfer services before you send – the difference can be large.

Do I need UNCRITM1PM1 to send euros to Italy?

Italy belongs to the SEPA area. For euro transfers the IBAN normally suffices. If you send another currency you still need UNCRITM1PM1.

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