Banca Euromobiliare S.P.A. SWIFT/BIC code

What EUBAITM1 means for a payment to Banca Euromobiliare S.P.A.

EUBAITM1 and EUBAITM1XXX are two spellings of the same SWIFT/BIC code, and both point to Banca Euromobiliare S.P.A. in Milano. Banks worldwide use these codes to direct payments between countries to the right institution. You will need it mainly for transfers between countries or a currency.

On this page you will find how the code means, when it matters and what else you need for a transfer to or from Banca Euromobiliare S.P.A.. The BIC identifies a bank or branch, never a specific account, which is why you always need the account number too.

What to give a sender who pays you at Banca Euromobiliare S.P.A.

A sender in another country needs several details about your account. The basics are: your name, account number or IBAN, EUBAITM1XXX or EUBAITM1 and, for some countries, your home address.

Their bank may also ask for the address of your bank; the head office in Milano is usually fine. A typo in the IBAN can be more trouble than you might think, so copy the details from your online banking.

Money from abroad will not always land for the full amount. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the money is converted, a markup on the rate applies. Agree with the sender who pays which costs.

Where our SWIFT data comes from

Our SWIFT/BIC directory is compiled from publicly available sources. It can happen that a code here is no longer current. The figures we show are based on our own data, not official figures from Banca Euromobiliare S.P.A..

For any payment that matters, always confirm the BIC with the recipient’s bank or the recipient. GoldexPay is not affiliated with Banca Euromobiliare S.P.A., we only compare transfer services. Found an error? Let us know via our contact form so we can correct it.

Which of the 22 codes of Banca Euromobiliare S.P.A. do you need?

Our database contains 22 SWIFT/BIC codes for Banca Euromobiliare S.P.A. in 19 cities. Next to the head office code EUBAITM1XXX, you will find codes for branches, departments or specific services.

Unless the recipient tells you otherwise, use EUBAITM1XXX. Branch codes are only needed when the recipient’s bank explicitly asks for it.

If you are not sure, check with the recipient which code their bank gave them. Branch codes can change when banks reorganise, so do not rely on old paperwork.

Before you send: check the Banca Euromobiliare S.P.A. code

The most reliable source for a SWIFT code is the bank details provided by the recipient. When the code you were given does not match EUBAITM1 or EUBAITM1XXX, stop and ask – contact the recipient or Banca Euromobiliare S.P.A..

A wrong SWIFT code can cause a delay, a returned payment or extra fees along the way. An error in the IBAN or account number can be a bigger problem, so check that just as carefully.

A validity check in your banking app merely confirms that the IBAN is valid, not that it is the right account. Some banks now check the payee name with the account; take any warning seriously. When you pay someone new, many people start with a small test amount before sending the rest.

International transfers from Banca Euromobiliare S.P.A.: the real cost

An international bank payment costs rather more than the fee suggests. Besides a fixed fee, correspondent or intermediary banks may take a cut, and when currencies are converted, the bank usually applies a rate that is less favourable than the actual market rate.

Many banks rarely show their exchange rate markup as a cost, but you pay it all the same. Check the rate you are offered with the mid-market rate – the rate you find on financial news sites.

For many currency pairs, a specialist provider is less expensive than a bank. GoldexPay lists these services side by side so you can see what actually arrives before you commit. Choosing a specialist does not mean leaving Banca Euromobiliare S.P.A. – you pay the provider from your own account.

Do you need EUBAITM1 for a SEPA transfer?

Italy belongs to the Single Euro Payments Area (SEPA), the zone for uniform euro payments. When you send euros from another SEPA country, you normally only need the IBAN and the BIC is often filled in automatically.

You will still need EUBAITM1XXX when sending payments in other currencies or transfers from countries outside SEPA. If your banking app has a field for the BIC anyway, adding EUBAITM1 does no harm.

Instant euro transfers are increasingly supported across SEPA – whether Banca Euromobiliare S.P.A. offers them for your account is worth checking. As long as no currency is converted, the transfer tends to be cheap; it is the conversion that costs money.

8 or 11 characters: EUBAITM1 versus EUBAITM1XXX

The structure of every SWIFT code is always the same: a bank code of four letters, a two-letter country code and two for the location. For Banca Euromobiliare S.P.A., that core is EUBAITM1.

The long version adds three more characters for a branch or department. When those three characters are XXX, they simply mean the head office, which is why EUBAITM1XXX and EUBAITM1 lead to the same place.

Leave out spaces or dashes when you type EUBAITM1 or EUBAITM1XXX. Look out for O versus 0 or I versus 1; they are easy to mix up.

The Euro and what conversion costs you

The national currency of Italy is the Euro (EUR). Money sent in a different currency will be exchanged into EUR, and whoever converts it chooses the rate. Each conversion eats into something, even when no fee is shown.

Who does the conversion has an effect on how much arrives. Check how much EUR the recipient gets with different providers; the difference between options can be larger than you expect.

Exchange rates change all the time. On larger amounts, a small difference in the rate can be worth more than the fee.

Watch out for payment fraud

Fraudsters often use payment requests containing changed bank details. A real SWIFT code tells you nothing about who owns the account: scammers use real codes of real banks.

Before paying, verify a change of bank details through a phone call. Pressure or secrecy are warning signs; a genuine business can wait for you to check. Already paid? Call your bank straight away and ask them to try to recall the payment and report the fraud.

Recipients are targeted too: a classic trick is an overpayment and then sends a request to send back the difference to another account. A screenshot of a transfer proves nothing – check your own account.

Tracking a transfer to or from Banca Euromobiliare S.P.A.

A SWIFT payment typically takes one to a few business days. Bank holidays in the sending or receiving country add a day or more, since banks do not process on those days. Occasionally a bank asks about the purpose of a payment, which can hold things up.

A growing number of banks are connected to SWIFT gpi for faster and traceable payments. Every gpi transfer gets a unique transaction reference, the UETR that banks can use to trace it. Keep your transfer receipt until the money has arrived – you will need it for any trace request.

If a payment has not arrived after a few business days, the sender should start with the bank that sent it rather than Banca Euromobiliare S.P.A.. Request from the sender a copy of the payment confirmation including the reference – it helps your own bank look for the money.