SWIFT/BIC code UNCRITM1TSY
UNCRITM1TSY belongs to Unicredit SPA in Milano, Italy.
Code details
| SWIFT/BIC code | UNCRITM1TSY |
|---|---|
| 8-character code | UNCRITM1 |
| Branch code | TSY |
| Bank | Unicredit SPA |
| Branch | Treasury |
| City | Milano |
| Country | Italy |
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.
- TSY 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 BIC UNCRITM1TSY?
UNCRITM1TSY identifies Treasury, a unit of Unicredit SPA in Milano, Italy. Only use it if the recipient or their bank explicitly asks for it.
Can I use UNCRITM1 instead of UNCRITM1TSY?
UNCRITM1 points to the head office of Unicredit SPA, while UNCRITM1TSY is Treasury. For a normal transfer the head office code is usually fine, yet use UNCRITM1TSY if the recipient asks for it.
What is the cheapest way to send money to Unicredit SPA in Italy?
Banks often add several percent 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 UNCRITM1TSY mean?
UNCR is the institution code of Unicredit SPA, IT stands for Italy, M1 is the code for the city or region and TSY is the code of the branch Treasury.
How long does a transfer to Unicredit SPA take in Italy?
SEPA payments in euros usually arrive within one business day. Payments in other currencies can take 2–4 business days.
Do I need UNCRITM1TSY to send euros to Italy?
Italy is part of the SEPA area. When you send euros the IBAN normally suffices. For other currencies you do need UNCRITM1TSY.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.