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

SWIFT/BIC code of Banca Ifigest S.P.A.

The 8-character code IFIGIT31 and the 11-character code IFIGIT31XXX refer to the same bank: Banca Ifigest S.P.A. in Firenze, Italy. Banks worldwide use these codes to direct international transfers to the correct institution. In daily life you usually see the code on invoices from abroad, in payment forms and in the bank details of Banca Ifigest S.P.A. customers.

Further down we go through the practical side: money coming in from abroad, paying someone in another country and how to check a SWIFT code before you hit send. Remember that the SWIFT code just identifies the bank, not the account: the account number or IBAN takes care of that.

SEPA payments and the Banca Ifigest S.P.A. BIC

Within the SEPA zone, euro payments to Banca Ifigest S.P.A. use common rules and in most cases need only the IBAN. A field for the BIC is often optional in that case.

The BIC still matter when the currency is not euros. Some banks and apps still show a field for the BIC; if so, fill in IFIGIT31.

SEPA transfers normally land by the next business day. Charges on SEPA payments are generally low.

How long does an international transfer to Banca Ifigest S.P.A. take?

How quickly a payment arrives at Banca Ifigest S.P.A. is determined by a few things: the currency, the number of banks in between, daily processing deadlines and time zones. Weekends and public holidays in either country can add extra days to the journey. Extra checks by one of the banks can also cause some delay, even when all details are correct.

If a transfer is late, contact the sending bank about the tracking status. Keep your transfer receipt – you will need it for any trace request.

Only the sending bank is able to request a trace; the receiving side usually has nothing to trace yet. As a recipient, it helps to check your statements to see a partial amount, since fees may have been deducted.

A note on our data

Our SWIFT/BIC directory draws on public sources. Even so, banks merge or change codes, so information can be out of date. Figures such as the number of codes are from our directory and are not confirmed by Banca Ifigest S.P.A..

Treat this page as a starting point, not as the last word – the bank details from the recipient are leading. We are a comparison service for money transfers and not affiliated with Banca Ifigest S.P.A.. Spotted outdated information? Tell us via our contact form so we can correct it.

IFIGIT31 or IFIGIT31XXX – which one to use?

A SWIFT code is made up of a few fixed parts: the first four letters stand for the bank, the next two give the country and the two after that indicate the location. Combined, those parts make up IFIGIT31 – the version you usually see online.

XXX at the end of IFIGIT31XXX is not a missing value or a mistake: it indicates the head office of Banca Ifigest S.P.A.. Some banking apps insist on 11 characters, and then you can enter XXX behind IFIGIT31.

Type the code as one block, in upper case and without spaces, exactly as shown here. A single character may route the money to another bank, so copy it carefully.

Watch out for payment fraud

Stay wary when a contact suddenly asks you to send money to another account or a bank in another country. The fact that IFIGIT31 exists is no guarantee that a request mentioning it is legitimate; criminals use the codes of real banks too.

Never trust contact details from the same email that contains the new account. Urgency and requests to keep it quiet are warning signs – a real supplier can wait a day. Acted too fast? Call the bank you paid from straight away and have them try to recall the payment and report the fraud.

People receiving money are targeted too: a classic trick is an overpayment and then sends a request to send back the difference. A payment confirmation from the sender is no proof – check your own account.

Is IFIGIT31 still correct? How to check

The best place to find the correct BIC remains a document from the bank itself. When the code you were given does not match IFIGIT31 or IFIGIT31XXX, do not guess.

An incorrect BIC can cause delays, a returned payment or extra fees along the way. An error in the account number can be more serious because it can reach the wrong person, so check that just as carefully.

Many banking apps validate the format of an IBAN and some suggest the matching BIC, but that does not prove the account belongs to the right person. More and more banks compare the name with the account before you confirm – do not ignore a mismatch warning. For a first payment, many people start with a small amount first before sending the rest.

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

When you send money to another country from Banca Ifigest S.P.A., the visible fee is only part of what you pay. There is the fee for the transfer itself, sometimes fees charged by intermediary banks along the way and, most importantly, the exchange rate markup if the currency changes.

Banks do not show their exchange rate markup separately – you only notice it if you compare. Check their rate with the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

Specialised transfer providers frequently offer rates closer to the mid-market rate. Before your next transfer, it is worth comparing the total cost via GoldexPay. Choosing a specialist does not require leaving Banca Ifigest S.P.A.: you simply pay the service from your account.

Euro (EUR) and conversion costs

The national currency in Italy is the Euro (EUR). When you pay another currency, the amount has to be converted at some point – by your bank, by Banca Ifigest S.P.A. or by a bank in between. Every conversion eats into the amount, even when no fee is shown.

Who does the conversion affects how much arrives. Transferring the amount already in EUR usually prevents an extra conversion at the receiving end – as long as your own rate is good.

The EUR rate changes constantly, so the amount you see is usually only valid for a short time. For regular payments, a slightly better rate add up over time.

Banca Ifigest S.P.A.: head office code versus branch codes

Banca Ifigest S.P.A. has 10 separate SWIFT/BIC codes across 7 locations. Only one is the head office code; the others identify branches.

Usually there is no need to look up a branch: payments sent to IFIGIT31XXX reach Banca Ifigest S.P.A. correctly. If you have been given a specific code, stick to it rather than replacing it with the head office code.

Unsure which code to use? Check with the recipient, or look at a recent statement from Banca Ifigest S.P.A.. Codes for branches are more likely to be retired than IFIGIT31XXX.

Incoming international payments to Banca Ifigest S.P.A.

When you are waiting for a payment from another country, send the payer all details at once. The basics are: your name, IBAN or account number, IFIGIT31XXX and often your home address.

Certain banks also ask for the bank’s address, so keep it at hand. A typo in the IBAN is harder to fix than it looks.

Expect that the amount credited is smaller than what the sender paid. Intermediary banks may deduct a fee, Banca Ifigest S.P.A. may charge for incoming payments, and if the money is converted, a markup on the rate comes on top. On invoices, you can state who bears the costs, so that nobody is left short.