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

Banca Prossima S.P.A. SWIFT code: BCITITMX

Whether a recipient gives you BCITITMX or BCITITMXXXX, you are looking at the identical address for Banca Prossima S.P.A. in Italy. A SWIFT code shows every bank in the chain exactly which bank is meant to get the money. In daily life you mostly come across the code on international invoices, in payment forms and in the bank details of Banca Prossima S.P.A. customers.

Further down we go through the practical questions: receiving money at Banca Prossima S.P.A., sending money abroad and how to check the code before you confirm a payment. Keep in mind that the SWIFT code only identifies the bank, not the person: the IBAN or account number takes care of that.

Verifying the SWIFT code of Banca Prossima S.P.A.

The most reliable source for the BIC is the bank details provided by the recipient. Compare that code with BCITITMX here; if they differ, ask before you pay.

An incorrect BIC can cause a delay, a payment being sent back or extra fees along the way. Do not forget the account number: an error there can be more difficult to undo than a wrong BIC.

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. If your bank offers it, a name check on the recipient adds an extra layer of safety. For a first payment, some people start with a small test amount and wait for confirmation.

What a transfer from Banca Prossima S.P.A. abroad really costs

If you send money to another country from Banca Prossima S.P.A., the fee you see is rarely all of what you pay. You pay the fee for the transfer itself, possibly charges from correspondent banks along the way and, above all, the exchange rate markup if the currency changes.

The markup on the rate is often the biggest item even though it is not listed as a fee. Compare the rate you are offered with the mid-market rate.

For many routes, a transfer service turns out to be cheaper than a bank. GoldexPay compares these services side by side, showing what actually arrives before you commit. Using a transfer service does not require closing your account at Banca Prossima S.P.A. – you pay the provider from your own account.

8 or 11 characters: BCITITMX versus BCITITMXXXX

The layout of every SWIFT code is always the same: a bank code of four letters, two for the country and two for the location, plus an optional branch code. For Banca Prossima S.P.A., that core is BCITITMX.

XXX at the end of BCITITMXXXX does not stand for a missing value or a mistake: it indicates the main office of Banca Prossima S.P.A.. Certain payment forms insist on 11 characters, and then you can add XXX after BCITITMX.

Enter the code as one block, in upper case and without spaces. Pasting the code is safer than retyping it: a typo can point to another bank.

The Euro and what conversion costs you

Italy uses the Euro. Money sent in a different currency is exchanged into EUR – and the bank that does it picks the rate. There is rarely a separate line for that conversion – the cost sits in the rate.

Who does the conversion has an effect on how much arrives. Check what EUR arrives with different providers before choosing one.

Rates for EUR move all the time, and some providers let you lock in a rate. If you pay regularly, a slightly better rate add up over time.

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

Banca Prossima S.P.A. has 14 different SWIFT/BIC codes across 11 cities. Only one is the head office code, BCITITMXXXX; the others belong to branches.

Usually you do not need to pick a branch: transfers sent to BCITITMXXXX reach Banca Prossima S.P.A. correctly. When you receive a branch code, stick to it instead of replacing it with the head office code.

The best way is to copy the code directly from the recipient’s statement. Codes for branches are more prone to be retired than the head office code when a bank merges or closes offices.

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

If you are waiting for a payment from another country, send the payer everything they need in one go. Give them your name as the bank knows it, your account number or IBAN, the BIC BCITITMXXXX and your address, which some banks require.

Some banks want the name and address of Banca Prossima S.P.A., so keep it at hand. A mistake in the IBAN can be harder to fix than you might think.

The amount you receive is often less than the amount sent. Correspondent banks can take a fee and your own bank may charge for processing, and when currencies differ, a markup on the rate comes on top. Agree with the sender who covers the fees before the money is sent.

A note on our data

We collect bank codes using publicly available data and update our list from time to time. It is possible that information on this page is no longer current, for example after a merger. The number of codes we show reflect our own data.

Before any payment that matters, always confirm the code with the recipient’s bank or the recipient. GoldexPay is independent of Banca Prossima S.P.A.. Spotted an error? Tell us via our contact form and we will look into it.

Do you need BCITITMX for a SEPA transfer?

Since Italy is part of SEPA, a euro payment into Banca Prossima S.P.A. from within the SEPA area normally requires just an IBAN. Many banks do not require the BIC for these payments.

Outside the euro and for senders outside SEPA, BCITITMXXXX or BCITITMX remains required. If your banking app asks for the BIC anyway, entering BCITITMX is fine.

SEPA transfers normally land by the next business day, and instant transfers in seconds where both banks support them. Fees for SEPA transfers tend to be low, as long as no currency conversion is involved.

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

There is no single answer: many arrive the same day or the next, others take several business days. Bank holidays in the sending or receiving country add a day or more to the journey. Compliance checks on larger or unusual payments can also add a delay, regardless of the details.

A growing number of banks are connected to SWIFT gpi. Every payment carries a unique transaction reference, the UETR, which your bank can use to see where the money is. Money transfer services usually show a status online so you can see how far the payment is.

A delayed transfer has to be traced by the sending bank. As a recipient, it helps to check your account for a partial amount because fees can reduce the amount.

Changed bank details? Be careful

One of the most common tricks goes like this: an email arrives with a message saying that a contact now has new bank details and asking you to pay there from now on. The fact that BCITITMX exists does not mean that the account is legitimate.

Check new bank details via a separate channel like a call to a number from an earlier contract, not by replying to the message. Urgency or secrecy are warning signs – a real supplier can wait a day. When money was sent to the wrong account, contact your bank immediately: the sooner they act, the better the chance of a recall.

People receiving money can be targeted as well: a classic trick is an overpayment and then sends a request to send back the difference abroad. Do not act before the money is actually in your account – ask Banca Prossima S.P.A. if something looks wrong.