Banca Aletti e C. S.P.A. (Banco Popolare Group) SWIFT/BIC code

What ALETIT41 means for a payment to Banca Aletti e C. S.P.A. (Banco Popolare Group)

Whether a recipient gives you ALETIT41 or ALETIT41XXX, it is the identical identifier for Banca Aletti e C. S.P.A. (Banco Popolare Group) in Italy. A SWIFT code tells the sending bank which institution should receive the money, a bit like a postal address for banks. In daily life you mostly see it on international invoices, in your banking app and in the bank details that Banca Aletti e C. S.P.A. (Banco Popolare Group) provides.

We wrote this page to help anyone who receives money at an account at Banca Aletti e C. S.P.A. (Banco Popolare Group). Keep in mind that the BIC just identifies the bank, not the person: the IBAN or account number takes care of that.

Banca Aletti e C. S.P.A. (Banco Popolare Group): head office code versus branch codes

Banca Aletti e C. S.P.A. (Banco Popolare Group) uses 2 separate SWIFT/BIC codes across 1 cities. Only one is the head office code, ALETIT41XXX; the rest identify branches.

If nobody asks you for a branch code, go with ALETIT41XXX. A branch code only makes sense when the recipient’s bank specifically mentions it.

Not sure which code to use? Ask the recipient. Branch codes are sometimes changed or retired over time, so a code from an old document is not always valid.

Scams that use SWIFT codes

Stay alert when a contact suddenly asks you to pay into a different account or a bank in another country. A valid SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Always confirm changed bank details through a phone call, using a number you already had. Urgency and secrecy are warning signs. If money was sent to a fraudster, call your bank right away.

Scams also work the other way: someone sends too much and asks you to return the difference to a new account. Do not act before the money has really arrived – ask Banca Aletti e C. S.P.A. (Banco Popolare Group) if something looks wrong.

Euro (EUR) and conversion costs

The local currency in Italy is the Euro (EUR). Money sent in a different currency is exchanged into EUR. Every conversion costs something – usually through the rate rather than a fee.

Who converts the money makes a difference. In many cases it is cheaper if you send EUR directly through a provider with a good rate, so that the receiving bank does not need to convert again.

The EUR rate changes throughout the day and quotes are often valid only for a short time. With bigger transfers, even seemingly small gap in the rate can be worth more than the fee.

Is ALETIT41 still correct? How to check

Have the recipient copy the account details directly from a recent statement. When the code you were given does not match ALETIT41 or ALETIT41XXX, stop and ask.

An incorrect BIC can cause a delay, a returned payment or additional charges. A mistake in the account number can be more serious, because the money may be credited to someone else, so check that just as carefully.

Most online banking apps check the format of an IBAN and sometimes look up the BIC automatically, but that does not prove the account belongs to the right person. Some banks now compare the payee name against the account; take any warning seriously. A small test payment can be a sensible step for a large first payment despite the extra fee.

Euro transfers to Banca Aletti e C. S.P.A. (Banco Popolare Group): is a BIC needed?

Italy is part of the SEPA area, where euro transfers follow common rules. When you send euros from another SEPA country, the IBAN is usually enough; many banks no longer ask for the BIC.

A SWIFT code like ALETIT41 still come into play when the currency is not euros, and for transfers from outside SEPA. Some forms also ask for the BIC; if so, fill in ALETIT41.

Euro payments within SEPA normally land within one business day, and instant transfers in seconds where both banks support them. As long as the payment stays in euros, the transfer tends to be inexpensive; it is the conversion that costs money.

Transfer times and tracking a payment to Banca Aletti e C. S.P.A. (Banco Popolare Group)

There is no single delivery time: some land the same day or the next. Transfers sent late in the day or just before a weekend or public holiday often start a business day later. Sometimes a bank wants to know about the purpose of a payment before releasing it.

Many banks use SWIFT gpi for faster and traceable payments. Each gpi transfer gets a unique transaction reference, the UETR that banks can use to trace it. Money transfer services usually show tracking online showing how far the money has got.

A delayed transfer has to be traced from the sending side, using the payment confirmation. As a recipient, it helps to look at your statements for a slightly lower amount.

Sending money abroad from Banca Aletti e C. S.P.A. (Banco Popolare Group)

What you pay for a payment abroad is made up of several parts. You pay the transfer fee, possibly fees charged by intermediary banks along the way and, most importantly, the exchange rate markup.

That exchange rate margin tends to be the biggest cost, and it is easy to miss. Compare the rate you are offered against the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

For many currency pairs, a specialist provider is cheaper than a bank – mostly thanks to the rate. GoldexPay compares transfer providers side by side so you can see what actually arrives for the same amount sent. Using a transfer service does not mean closing your account at Banca Aletti e C. S.P.A. (Banco Popolare Group): you simply pay the service from your account.

8 or 11 characters: ALETIT41 versus ALETIT41XXX

A BIC is made up of a few fixed parts: the first four letters stand for the bank, characters five and six show the country and characters seven and eight indicate the location. The result is ALETIT41 for Banca Aletti e C. S.P.A. (Banco Popolare Group).

Most payment forms accept either length. If a form requires eleven characters, enter ALETIT41XXX, otherwise ALETIT41 is fine.

Enter the code as one block, in upper case and without separators. Pasting the code is safer than typing it by hand.

What to give a sender who pays you at Banca Aletti e C. S.P.A. (Banco Popolare Group)

To receive a transfer from abroad at Banca Aletti e C. S.P.A. (Banco Popolare Group), the sender needs not just the BIC. That means: your full name as registered with Banca Aletti e C. S.P.A. (Banco Popolare Group), your account number or IBAN, the SWIFT/BIC code ALETIT41XXX and usually your address.

Certain sending banks also ask for the bank’s address. A typo in your account number is more trouble than you might think, so copy the details from your online banking.

Expect that the incoming amount is smaller than the amount on the sender’s receipt. Intermediary banks may deduct a fee, Banca Aletti e C. S.P.A. (Banco Popolare Group) may charge for incoming payments, and when currencies differ, an exchange rate margin applies. For business payments, it is common to agree who bears the costs, so that nobody is left short.

A note on our data

The codes on this page come from publicly available data which we refresh regularly. Still, banks merge or retire codes. The number of codes on this page reflect our own data, not official figures from Banca Aletti e C. S.P.A. (Banco Popolare Group).

Treat our directory on this page as a handy check. GoldexPay is not affiliated with Banca Aletti e C. S.P.A. (Banco Popolare Group). Should you notice something that is out of date, we appreciate a message via the contact page.