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

Banca Imi S.P.A. SWIFT code: CABOITMH

The short code CABOITMH and the full code CABOITMHXXX refer to the same bank: Banca Imi S.P.A.. A SWIFT code tells the sending bank which institution is meant to get the money, a bit like a postal address for banks. In daily life you usually come across the code on invoices from abroad, in payment forms and in the bank details of Banca Imi S.P.A. customers.

Further down you will find the practical side: money coming in from abroad, sending money abroad and how to verify a SWIFT code before you confirm a payment. Remember that the BIC just identifies the bank, not the person: the account number or IBAN takes care of that.

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

Have the recipient copy the account details straight from their online banking. When the code you were given differs from CABOITMH or CABOITMHXXX, do not guess: check with the recipient or with Banca Imi S.P.A. directly.

Mistakes in the SWIFT code are costly rather than fatal – usually the money comes back, minus fees and time lost. A mistake in the IBAN or account number is more serious, because the money may be credited to someone else; check it just as carefully.

Many banking apps check the format of an IBAN and some suggest the matching BIC. More and more banks check the payee name with the account before you confirm; take any warning seriously. For a first payment, some people send a small amount first.

Head office or branch code at Banca Imi S.P.A.?

With 8 codes, Banca Imi S.P.A. is one of the banks that use separate codes for parts of the organisation. The main code is CABOITMHXXX.

If nobody asks you for a branch code, use CABOITMHXXX or its short form CABOITMH. If you have been given a specific code, stick to it instead of replacing it with the head office code.

When in doubt, check with the recipient which code their bank gave them. Branch codes are more prone to be retired than CABOITMHXXX when a bank merges or closes offices.

Where our SWIFT data comes from

This directory is compiled from publicly available sources and we update it periodically. It is possible that information on this page is no longer current. Figures such as the number of codes are from our own dataset and may differ from what Banca Imi S.P.A. publishes.

For a payment that matters, confirm the BIC with Banca Imi S.P.A. or with the recipient. We are a comparison service for money transfers and not part of Banca Imi S.P.A.. Spotted outdated information? Tell us through the contact page so we can correct it.

Euro (EUR) and conversion costs

The local currency of Italy is the Euro (EUR). If you send money in a different currency has to be converted at some point: by your bank, an intermediary or Banca Imi S.P.A. itself. There is rarely a separate line for that conversion; it is built into the rate.

Who does the conversion has an effect on how much arrives, as rates and margins differ per bank. Check how much EUR arrives with different providers before choosing one.

Exchange rates change all the time – some services let you fix a rate in advance. If you pay regularly, small differences in the rate make a real difference over a year.

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

When you send money abroad from Banca Imi S.P.A., the fee you see is rarely all of what you pay. You pay the transfer fee, possibly charges from correspondent banks in between and, most importantly, the exchange rate markup when the money is converted.

Banks rarely show the margin on the rate as a cost – you only notice it if you compare. Check the rate you are offered against the mid-market rate; the gap is what conversion costs you.

For many routes, a transfer service is cheaper than a traditional bank transfer – mostly thanks to the rate. GoldexPay compares the amount that arrives across providers, which makes the cheapest option easy to spot. Choosing a specialist does not mean closing your account at Banca Imi S.P.A. – you pay the provider from your own account.

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

Italy is a member of the Single Euro Payments Area (SEPA). When you send euros from another SEPA country, the IBAN is usually enough.

You will still need CABOITMHXXX for payments in other currencies or transfers from countries outside SEPA. A few forms still show a field for the BIC out of habit; in that case, enter CABOITMH or CABOITMHXXX.

Instant euro transfers are increasingly available within SEPA; check with Banca Imi S.P.A. whether it applies to your account. Charges on SEPA transfers are generally low, as long as no currency conversion is involved.

Getting paid from abroad into a Banca Imi S.P.A. account

To receive an international payment at Banca Imi S.P.A., the sender needs more than the BIC. Share your name as the bank knows it, the IBAN or account number, SWIFT code CABOITMHXXX and your address.

Their bank may request the address of your bank; the head office in Milano is usually fine. Double-check every detail before you send them.

The amount you receive can be less than what was sent. Fees for incoming transfers differ from bank to bank. Agree with the sender who covers the fees before the money is sent.

When will the money arrive at Banca Imi S.P.A.?

There is no fixed delivery time: some land within a day, others take several business days. Weekends and public holidays in the sending or receiving country add a day or more. Compliance checks by one of the banks can also cause a delay, even when all details are correct.

Many banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Every gpi transfer carries a unique reference, the UETR, which your bank can use to see where the money is. Money transfer services often provide tracking online showing where the payment is.

Only the sending bank is able to start an official trace; the receiving side usually has nothing to trace yet. On the receiving end, you can look at your account for a slightly lower amount because fees can reduce the amount.

Scams that use SWIFT codes

Scammers often use payment requests containing changed bank details, sometimes in an email that looks completely genuine. The fact that CABOITMH exists is no guarantee that a request mentioning it is legitimate.

Verify new payment details through a different channel like a call to a number from an earlier contract, never via the email that asked for the change. Be suspicious of time pressure, odd spelling 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; also report it to the police.

Recipients are targeted too: one known trick is a buyer who pays too much followed by a request to refund the difference abroad. A screenshot of a transfer is no proof; only your own account shows what has arrived.

Why Banca Imi S.P.A. has an 8- and an 11-character code

A BIC is made up of fixed blocks: characters one to four stand for the bank, the next two show the country and characters seven and eight mark the location. For Banca Imi S.P.A., the 8-character core is CABOITMH.

Many banks and apps accept either length. If yours asks for eleven characters, enter CABOITMHXXX.

Type the code as one block, in capitals and without separators, exactly as shown here. Pasting the code is safer than retyping it.