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

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

BIMTITTT and BIMTITTTXXX are two ways of writing the same bank identifier, and both point to Banca Intermobiliare S.P.A. in Torino. Banks worldwide use BIC codes to direct international transfers to the correct bank. You will need it mostly for payments that cross a border and payments in foreign currencies.

On this page you can read how the code is put together, when you need it and what else a transfer to or from Banca Intermobiliare S.P.A. requires. The SWIFT code on its own does not identify an individual account holder; for that you need the IBAN or account number is for.

About this information

We gather SWIFT/BIC codes using publicly available data and update them from time to time. It can happen that a code here is no longer current after a merger or reorganisation. Figures such as the number of codes are from our own dataset.

Before a payment of any size, always check the BIC with the recipient’s bank or with the recipient. GoldexPay is independent of Banca Intermobiliare S.P.A.. Should you notice a mistake, we appreciate a short note via the contact page.

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

A SWIFT payment usually takes one to a few business days – it depends on currency, route and the banks in between. Payments made late in the day or on a weekend or public holiday often start the next business day. Occasionally a bank asks about the purpose of a payment, which can hold things up.

Many banks use SWIFT gpi, which lets them follow a payment from bank to bank. Every gpi transfer gets a unique reference, the UETR, which your bank can use to see where the money is. Keep the payment confirmation until the recipient confirms – you will need it for any trace request.

If a payment has not arrived within the expected time, the person who paid should contact their own bank, not the receiving bank. Request from the sender a copy of the payment confirmation with the date and reference.

Watch out for payment fraud

Criminals regularly use fake invoices with new bank details sent from what looks like a familiar address. The fact that BIMTITTT exists is no guarantee that a request mentioning it is genuine.

Check new bank details through a different channel like a call to a number from an earlier contract, never via the email that asked for the change. Watch out for urgent requests, odd spelling or a sender address that is slightly off. Acted too fast? Call the bank you paid from straight away and ask them to try to recall the payment and report the fraud.

Recipients can be targeted as well: one known trick is an overpayment and then sends a request to refund the difference. Do not act before the money has really arrived – ask Banca Intermobiliare S.P.A. if something looks wrong.

Do you need BIMTITTT for a SEPA transfer?

Inside SEPA, euro payments to an account in Italy use the same rules, so the IBAN does the job in most cases. The BIC field is usually optional or missing for those payments.

For anything other than euros and from non-SEPA countries, BIMTITTTXXX is still required. A few banks and apps still ask for the BIC out of habit; if so, enter BIMTITTT.

Instant euro transfers have become widely available within SEPA – whether Banca Intermobiliare S.P.A. offers them for your account is worth checking. Provided the payment stays in euros, a SEPA transfer is cheap; costs rise once a conversion is involved.

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

If you are waiting for money from abroad, send the payer a complete set of details. Share your name as the bank knows it, the IBAN or account number, SWIFT code BIMTITTTXXX and your address.

The sender’s bank may also ask for the bank address of Banca Intermobiliare S.P.A.; the head office in Torino is usually fine. A typo in the IBAN is more trouble than you might think; copy them from your banking app rather than typing.

What lands in your account is often lower than the amount sent. Charges on incoming payments vary from bank to bank. On invoices, you can agree who bears the costs.

Choosing between the 29 SWIFT codes of Banca Intermobiliare S.P.A.

Banca Intermobiliare S.P.A. uses 29 different SWIFT/BIC codes. One of them is the head office code; the rest belong to branches, and sometimes internal departments.

Usually you do not need to pick a branch: payments sent to BIMTITTTXXX are routed within Banca Intermobiliare S.P.A. without problems. Only use a branch code when your contact gives you that exact code, for example on an invoice or in their bank details.

Unsure which code to use? Ask the recipient. Branch codes are more likely to be retired than BIMTITTTXXX when a bank merges or closes offices.

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

A bank transfer abroad can cost more than the listed fee. There is the fee for the transfer itself, possibly fees charged by intermediary banks along the way and, above all, the margin on the exchange rate when the money is converted.

Many banks do not show their exchange rate markup as a cost. 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.

For a lot of routes, a specialist provider is cheaper than a bank, mainly because of the exchange rate. Next time you send money, take a minute to compare the total cost via GoldexPay rather than accepting the bank’s rate by default. Using a transfer service does not mean leaving Banca Intermobiliare S.P.A. – you pay the provider from your own account.

How to check BIMTITTT before you pay

The best place to find the right code remains a document from the bank itself. When the code you were given does not match BIMTITTT or BIMTITTTXXX, do not guess.

A wrong SWIFT code may lead to a delay, a returned payment or extra fees along the way. Remember the IBAN: a mistake there is more difficult to undo than a wrong BIC.

Many banking apps validate the format of IBANs and sometimes look up the BIC automatically – that confirms the format, not the owner. If your bank offers it, a name check on the recipient adds an extra layer of safety. When you pay someone new, some people start with a small test amount and wait for confirmation.

BIMTITTT or BIMTITTTXXX – which one to use?

Each SWIFT/BIC code has an 8-character core: four letters for the bank, two letters for the country and a two-character location code. In this case, the 8-character core is BIMTITTT.

The long version has a three-character extension that identify a branch or department. If the last three are XXX, they simply mean the head office, which is why BIMTITTTXXX and BIMTITTT lead to the same place.

Do not add spaces when you enter BIMTITTT. Look out for O versus 0 or I versus 1, a common source of typos.

The Euro and what conversion costs you

Italy pays in the Euro. When you pay money in a different currency, the amount has to be converted somewhere along the way – by your bank, by Banca Intermobiliare S.P.A. or by a bank in between. Each conversion eats into the amount, even when no fee is shown.

Where the conversion happens has an effect on how much arrives, as rates and margins differ per bank. Sending the money directly in EUR often prevents a second conversion at the receiving end, provided the rate you get is fair.

Rates for EUR change during the day, and some providers let you lock in a rate. For regular payments, a slightly better rate add up over a year.