SWIFT/BIC code XMILITM1XXX
XMILITM1XXX belongs to Borsa Italiana S.P.A. in Milano, Italy.
Code details
| SWIFT/BIC code | XMILITM1XXX |
|---|---|
| 8-character code | XMILITM1 |
| Branch code | XXX |
| Bank | Borsa Italiana S.P.A. |
| Branch | Head office |
| City | Milano |
| Country | Italy |
The way the Borsa Italiana S.P.A. SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- XMIL 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
What bank is behind BIC XMILITM1XXX?
The code XMILITM1XXX belongs to the headquarters of Borsa Italiana S.P.A. in Milano, Italy. It is the code to use when a payment to Borsa Italiana S.P.A. does not need a specific branch.
What happens if I enter XMILITM1XXX with a typo?
Your transfer can bounce, get stuck or cost extra. Always check XMILITM1XXX with the recipient before you confirm.
Does Borsa Italiana S.P.A. have only one SWIFT/BIC code?
Yes – XMILITM1XXX is the only SWIFT/BIC code listed for Borsa Italiana S.P.A. in Italy, so there is no branch code to choose.
What do the letters in XMILITM1XXX stand for?
XMIL is the institution code of Borsa Italiana S.P.A., IT stands for Italy, M1 is the location code and XXX means the main office.
Do I need XMILITM1XXX to send euros to Italy?
Italy belongs to the SEPA area. For euro transfers the IBAN is usually enough and many banks fill in the BIC automatically. For other currencies you still need XMILITM1XXX.
How long does it take to send money to Borsa Italiana S.P.A. in Italy?
SEPA payments in euros usually arrive within one business day. Transfers 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.