SWIFT/BIC code UNFTITM1XXX
UNFTITM1XXX belongs to Unicredit Factoring S.P.A. in Milano, Italy.
Code details
| SWIFT/BIC code | UNFTITM1XXX |
|---|---|
| 8-character code | UNFTITM1 |
| Branch code | XXX |
| Bank | Unicredit Factoring S.P.A. |
| Branch | Head office |
| City | Milano |
| Country | Italy |
The way the Unicredit Factoring S.P.A. SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- UNFT 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.
- XXX 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 UNFTITM1XXX?
UNFTITM1XXX identifies the head office of Unicredit Factoring S.P.A. in Milano, Italy. It is the code to use when you send money to an account at Unicredit Factoring S.P.A..
What is the cheapest way to send money to Unicredit Factoring S.P.A.?
Many banks add several percent to the exchange rate on top of a fee. Compare what you receive in Euro with transfer services before you send – the difference can be large.
Does Unicredit Factoring S.P.A. have only one SWIFT/BIC code?
Yes – UNFTITM1XXX is the only SWIFT/BIC code listed for Unicredit Factoring S.P.A. in Italy, so there is no branch code to choose.
What happens if I enter UNFTITM1XXX incorrectly?
The payment may be delayed, returned or charged extra fees. Always check UNFTITM1XXX with the recipient before sending.
What do the letters in UNFTITM1XXX mean?
UNFT is the bank code of Unicredit Factoring S.P.A., IT stands for Italy, M1 is the location code and XXX means the head office.
Do I need UNFTITM1XXX for a euro transfer to Italy?
Italy belongs to the SEPA area. When you send euros the IBAN normally suffices and many banks fill in the BIC automatically. For other currencies you do need UNFTITM1XXX.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.