SWIFT/BIC code UTILITM1XXX
UTILITM1XXX belongs to Utilita SPA in Milano, Italy.
Code details
| SWIFT/BIC code | UTILITM1XXX |
|---|---|
| 8-character code | UTILITM1 |
| Branch code | XXX |
| Bank | Utilita SPA |
| Branch | Head office |
| City | Milano |
| Country | Italy |
The way the Utilita SPA SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- UTIL 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 institution is behind SWIFT code UTILITM1XXX?
UTILITM1XXX identifies the head office of Utilita SPA in Milano, Italy. It is the code to use when a payment to Utilita SPA does not need a specific branch.
What is the cheapest way to send money to Utilita 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.
What do the letters in UTILITM1XXX stand for?
UTIL is the institution code of Utilita SPA, IT stands for Italy, M1 is the code for the city or region and XXX marks the head office.
Does Utilita SPA have a single SWIFT/BIC code?
Yes – UTILITM1XXX is the only SWIFT/BIC code we have for Utilita SPA in Italy, so you do not need to pick a branch code.
Are UTILITM1 and UTILITM1XXX the same SWIFT code?
Yes. UTILITM1 is the 8-character version of UTILITM1XXX. XXX simply means head office, so both routes your payment to Utilita SPA in Milano.
How long does a transfer to Utilita SPA take?
SEPA payments in euros normally arrive the next business day. Payments in other currencies can take 1–3 business days.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.