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

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

The short code BRTOITTT and the 11-character code BRTOITTTXXX refer to one and the same institution: Banca Reale S.P.A. in Torino, Italy. Banks worldwide use BIC codes to route payments between countries to the correct institution. In daily life you mostly come across the code on international invoices, in payment forms and in the bank details of Banca Reale S.P.A. customers.

We wrote this page to help anyone who receives money at an account at Banca Reale S.P.A. and wants to get the details right. Keep in mind that the SWIFT code only identifies the bank, not the person: the IBAN or account number takes care of that.

Do you need BRTOITTT for a SEPA transfer?

Since Italy is in SEPA, a euro payment into Banca Reale S.P.A. from within the SEPA area usually requires just the IBAN. Many banks do not require the BIC in that case or fill it in for you.

You still need BRTOITTTXXX when sending non-euro payments or money from outside the SEPA area. A few banks and apps also show a field for the BIC out of habit; in that case, enter BRTOITTT or BRTOITTTXXX.

Instant euro transfers are widely available within SEPA. As long as no currency is converted, a SEPA transfer is inexpensive; it is the conversion that costs money.

How to check BRTOITTT before you pay

The best place to find the correct BIC remains a document from the bank itself, such as a statement or the account details in online banking. Compare that code against BRTOITTT on this page and ask if anything does not match.

A wrong SWIFT code may lead to a delay, a returned payment or extra fees. Do not forget the account number: an error there can be more difficult to correct than a wrong code.

Most online banking apps validate the format of IBANs and some suggest the matching BIC, but that does not prove the account belongs to the right person. Where available, a payee name check on the recipient gives extra certainty. A small test payment can be worth it for a large first payment, even if it costs an extra fee.

Changed bank details? Be careful

Criminals often send fake invoices containing changed bank details. That BRTOITTT is a real code does not mean that a request mentioning it is genuine – fraudsters use real bank codes as well.

Never trust a phone number in the same message that announces the change. Watch out for urgent requests, unusual wording or an email address that differs by one letter. Acted too fast? Contact the bank you paid from straight away and have them start a recall and report the fraud.

Scams also work the other way: someone claims to have sent more than agreed and wants you to return the difference via a different route. Do not act before the money is actually in your account.

The Euro and what conversion costs you

The local currency in Italy is the Euro (EUR). When you pay another currency, the amount gets converted somewhere along the way – by your bank, by Banca Reale S.P.A. or by a bank in between. Each conversion eats into something.

Who converts the payment makes a difference: every bank has its own margin. Transferring the money already in EUR usually prevents a second conversion by Banca Reale S.P.A..

Exchange rates change all the time, and some providers let you lock in a rate. For regular payments, a slightly better rate add up over time.

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

An international bank payment costs more than the fee suggests. Besides the transfer fee, correspondent or intermediary banks may take a cut, and when the money changes currency, the bank often uses a rate that is less favourable than the actual market rate.

Banks do not list the margin on the rate separately – you only notice it if you compare. A simple test: set the bank’s rate against the mid-market rate for the same moment and look at the difference.

For many routes, a specialist provider is less expensive than a bank, mainly because of the exchange rate. Before your next transfer, take a minute comparing what arrives via GoldexPay instead of going straight to your bank. You can still use your account at Banca Reale S.P.A. as the source of the money, while a cheaper service handles the conversion.

About this information

We gather bank codes using public sources and check our list from time to time. It can happen that a code on this page is out of date after a merger or reorganisation. Counts and locations are from our own dataset.

For a payment that matters, always check the BIC with Banca Reale S.P.A. or the recipient. GoldexPay is not affiliated with Banca Reale S.P.A.. Spotted outdated information? Tell us via our contact form.

Choosing between the 8 SWIFT codes of Banca Reale S.P.A.

Banca Reale S.P.A. uses 8 separate SWIFT/BIC codes. Only one is the head office code, BRTOITTTXXX; the rest belong to branches, and sometimes internal departments.

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

The safest route is to copy the code straight from the recipient’s bank details. Codes can change when banks reorganise, so do not rely on old paperwork.

BRTOITTT or BRTOITTTXXX – which one to use?

The layout of every SWIFT code never changes: four characters for the institution, two for the country and two for the location. That gives you BRTOITTT.

Most payment forms accept either length. If yours requires eleven characters, use BRTOITTTXXX, otherwise BRTOITTT is fine.

Do not add spaces, dots when you enter BRTOITTT. A single character may route the money to another bank.

Receiving money from abroad at Banca Reale S.P.A.

Someone abroad who wants to pay you will ask for a few details from you, and missing ones are a common cause of delays. What they need is: your name, account number or IBAN, BRTOITTTXXX or BRTOITTT and often your home address.

Their bank may request the address of your bank. A typo in the IBAN can be more trouble than it looks, so copy the details from your online banking.

Expect that the amount credited is below the amount on the sender’s receipt. Intermediary banks may deduct a fee, Banca Reale S.P.A. may charge for incoming payments, and if the money is converted, a markup on the rate comes on top. Make clear with the sender who pays which costs.

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

A SWIFT payment typically takes anywhere from one to several business days. Weekends and public holidays in the sending or receiving country can add extra days. Sometimes a bank wants to know what the payment is for, which can hold things up.

If a transfer is delayed, contact the sending bank for the tracking status. Money transfer services often provide tracking in their app showing how far the payment has got.

The bank that sent the money can request a trace – the recipient’s bank often cannot see a payment that has not arrived. Ask the sender for a copy of the payment confirmation; that often settles the question quickly.