Banca D'italia SWIFT/BIC code

What BITAITRR means for a payment to Banca D'italia

Whether a recipient gives you BITAITRR or BITAITRRXXX, it is the same identifier for Banca D'italia in Italy. Every bank on the SWIFT network uses these codes to route international transfers to the correct bank. In practice you usually see it on invoices from abroad, in payment forms and in the bank details that Banca D'italia provides.

On this page you will find how the code is put together, when it matters and which other details you need for a transfer to or from Banca D'italia. A SWIFT code names an institution, not a specific account, which is why you always need the account number too.

Sending money abroad from Banca D'italia

When you send money abroad through Banca D'italia, the fee you see is only part of the cost. On top of a fixed fee, correspondent or intermediary banks can take a cut, and when currencies are converted the bank usually uses a rate below the real market rate.

Banks rarely show their exchange rate markup separately. A simple test: set the rate you get next to the mid-market rate for the same moment and look at the difference.

Specialised transfer providers frequently use a rate near the mid-market rate and lower fees. GoldexPay compares what recipients receive across providers, so you can pick the cheapest route. You can still keep your account at Banca D'italia, while a cheaper service handles the conversion.

SEPA payments and the Banca D'italia BIC

Inside SEPA, euro transfers to Banca D'italia follow the same rules and in most cases need only the IBAN. A field for the BIC is often optional for those payments.

You will still need BITAITRRXXX when sending non-euro payments or money from outside the SEPA area. A few forms still ask for the BIC; if so, enter BITAITRR.

Instant payments in euros have become widely available within SEPA – whether Banca D'italia offers them for your account is worth checking. Provided no currency is converted, the transfer is cheap; it is the conversion that costs money.

Where our SWIFT data comes from

We gather bank codes using publicly available data and update them from time to time. It is possible that information here is no longer current. The figures we show are based on what is in our directory.

Before a payment that matters, always confirm the code with Banca D'italia or the recipient. GoldexPay has no connection to Banca D'italia. Should you notice a mistake, we welcome a message via the contact page.

How long does an international transfer to Banca D'italia take?

An international transfer typically needs anywhere from one to several business days, depending on the currency, the route and the banks involved. Weekends and public holidays in either country add a day or more to the journey. Sometimes a bank asks what the payment is for.

A growing number of banks are connected to SWIFT gpi. Every payment gets a unique transaction reference, the UETR, which your bank can use to see where the money is. Specialist transfer services often show tracking online so you can see how far the money has got.

The bank that sent the money can request a trace – the recipient’s bank often cannot see a payment that has not arrived. Request from the sender the payment receipt – it helps your own bank look for the money.

Paying into Banca D'italia in EUR

Most accounts at Banca D'italia are usually held in EUR, the national currency. If you send another currency, the amount has to be converted at some point – by your bank, by Banca D'italia or by a bank in between. There is rarely a separate line for the conversion – the cost sits in the rate.

Where the conversion happens affects how much arrives, since every bank sets its own rate. Often it is cheaper to send EUR directly through a transfer service with a good rate rather than letting the receiving bank convert.

The EUR rate fluctuates throughout the day, so the amount you see is usually only valid for a short time. For recurring payments, a slightly better rate add up over a year.

Receiving money from abroad at Banca D'italia

For an international payment at Banca D'italia, the sender needs not just the SWIFT code. In practice that means: your full name exactly as it appears on the account, your IBAN or account number, the SWIFT/BIC code BITAITRRXXX and, often, your address.

Their bank might request the bank address of Banca D'italia; the head office in Roma is usually fine. Check the details before you share them, because the sender’s bank usually copies them as is.

Expect that the incoming amount is below what the sender paid. Fees for incoming transfers vary from bank to bank; check the price list of Banca D'italia. Make clear with the sender who pays which costs.

Scams that use SWIFT codes

Be wary when a contact suddenly wants you to pay into a different account abroad. A correct SWIFT code tells you nothing about whether the request is genuine – scammers simply use real codes.

Before paying, confirm a change of bank details through a phone call on a number you know, not one from the message. Be suspicious of urgent requests, unusual wording or an email address that differs by one letter. Acted too fast? Call the bank you paid from straight away and have them try to recall the payment and report the fraud.

Fraud also target the receiver: someone claims to have sent more than agreed and asks you to refund the extra via a different route. Do not act before the money is actually in your account – ask Banca D'italia if something looks wrong.

How to check BITAITRR before you pay

The most reliable source for a SWIFT code is the recipient’s own bank details: an invoice, a bank statement or their online banking. Check that code with BITAITRR here; if they differ, ask before you pay.

Errors in the SWIFT code are costly rather than disastrous. Do not forget the account number: an error there is harder to undo than a wrong code.

Many banking apps validate the structure of an IBAN and sometimes look up the BIC automatically, but that does not prove the account belongs to the right person. More and more banks check the name with the account; take any warning seriously. For a first payment, some people start with a small amount first before sending the rest.

Banca D'italia: head office code versus branch codes

With 144 codes, Banca D'italia is one of the banks that use individual codes for parts of the organisation and departments. The head office code remains BITAITRRXXX.

If nobody asks you for a branch code, use BITAITRRXXX. A branch code only makes sense when the account holder explicitly asks for it, which is more common for corporate accounts and specialised services.

Unsure which code applies? Ask the recipient. Branch codes are more likely to change than BITAITRRXXX.

BITAITRR or BITAITRRXXX – which one to use?

The structure of every SWIFT code is always the same: four characters for the institution, two for the country and a two-character location code, plus an optional branch code. For Banca D'italia, that core is BITAITRR.

The 11-character version adds a three-character extension that identify a branch or department. If the last three are XXX, the code points to the head office.

Type the code in one piece, in capitals and without separators. Look out for O versus 0 and the letter I and the digit 1; they are easy to mix up.