Banca Regionale di Sviluppo S.P.A. SWIFT/BIC code

SWIFT/BIC code of Banca Regionale di Sviluppo S.P.A.

Whether a recipient gives you BSVIIT21 or BSVIIT21XXX, it is the same identifier for Banca Regionale di Sviluppo S.P.A. in Italy. A SWIFT code tells every bank in the chain exactly which bank is meant to get the money, much like a postcode for banks. In practice you usually see the code on international invoices, in payment forms and in the bank details that Banca Regionale di Sviluppo S.P.A. provides.

We wrote this page to help people who sends money to an account at Banca Regionale di Sviluppo S.P.A. and wants to get the details right. The BIC identifies a bank or branch, never a specific account, which is why you always need the account number too.

Scams that use SWIFT codes

One of the most common tricks works like this: an email arrives with a request saying that a supplier now has a new bank account and asking you to pay there from now on. A real SWIFT code says nothing about whether the request is genuine – scammers simply use real codes.

Check new payment details via 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 time pressure, odd spelling or a sender address that is slightly off. Acted too fast? Call your bank without delay and ask them to try to recall the payment.

Scams also target the receiver: someone sends more than agreed and asks you to return the difference. Wait until the money has really arrived and check with Banca Regionale di Sviluppo S.P.A. if anything seems off.

Transfer times and tracking a payment to Banca Regionale di Sviluppo S.P.A.

An international transfer usually takes anywhere from one to several 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 usually go out the next business day. Occasionally a bank wants to know about the purpose of a payment.

When a payment takes longer than expected, ask the sending bank about the tracking status or the UETR. Keep your transfer receipt; it contains the details a bank needs to start a trace.

A delayed transfer is traced from the sending side. On the receiving end, you can check your statements to see a slightly lower amount, since fees may have been deducted.

Paying someone abroad from your Banca Regionale di Sviluppo S.P.A. account

If you transfer money to another country through Banca Regionale di Sviluppo S.P.A., the visible fee is only part of the cost. On top of a fixed fee, correspondent or intermediary banks can deduct a fee, and if the money changes currency the bank often uses a rate below the actual market rate.

The markup on the rate is often the biggest item. Check the rate you are offered with the mid-market rate, the midpoint between buy and sell rates you see on financial sites. The difference is your real conversion cost.

Specialised transfer providers frequently offer rates closer to the mid-market rate. GoldexPay lists these services next to each other, showing what actually arrives. You can always use your account at Banca Regionale di Sviluppo S.P.A..

Paying into Banca Regionale di Sviluppo S.P.A. in EUR

The local currency of Italy is the Euro (EUR). If you send money in a different currency it gets converted somewhere along the way: by your bank, an intermediary or Banca Regionale di Sviluppo S.P.A. itself. There is rarely a separate charge for the conversion; it is built into the rate.

Who does the conversion has an effect on how much arrives. Transferring the amount directly in EUR usually prevents a second conversion at the receiving end – as long as your own rate is good.

The rate for EUR changes throughout the day. On larger amounts, even seemingly small gap in the rate can be worth more than the fee.

BSVIIT21 or BSVIIT21XXX – which one to use?

A BIC is made up of a few fixed parts: the first four letters identify the bank, characters five and six show the country and characters seven and eight mark the location. That gives you BSVIIT21, the short form of the code.

Most banks and apps work with both lengths. If yours asks for eleven characters, enter BSVIIT21XXX, otherwise BSVIIT21 is fine.

As a rule the code is typed in capitals and without spaces. Pasting the code beats typing it by hand: a typo can point to another bank.

Banca Regionale di Sviluppo S.P.A.: head office code versus branch codes

With 8 codes, Banca Regionale di Sviluppo S.P.A. belongs to the banks that use separate codes for parts of the organisation and departments. The main code remains BSVIIT21XXX.

Usually there is no need to look up a branch: transfers addressed to BSVIIT21XXX are routed within Banca Regionale di Sviluppo S.P.A. without problems. Branch codes are only needed when the account holder specifically mentions it.

The best way is to copy the code straight from the recipient’s bank details. Branch codes are more likely to be retired than the head office code when a bank merges or closes offices.

Receiving money from abroad at Banca Regionale di Sviluppo S.P.A.

To receive an international payment into your account at Banca Regionale di Sviluppo S.P.A., the sender needs more than the BIC. The basics are: the account holder’s name, IBAN or account number, BSVIIT21XXX or BSVIIT21 and, for some countries, your home address.

Their bank may also ask for the address of your bank, in which case the Napoli head office is the usual answer. A typo in the IBAN can be harder to fix than it looks; copy them from your banking app rather than typing.

Expect that the incoming amount is below the amount on the sender’s receipt. Fees for incoming transfers vary per bank; check the price list of Banca Regionale di Sviluppo S.P.A.. Agree with the sender who covers the fees.

SEPA payments and the Banca Regionale di Sviluppo S.P.A. BIC

Italy is part of the SEPA area, the zone for standardised euro payments. When you send euros from another SEPA country, the IBAN is usually enough and the BIC is often filled in automatically.

You still need BSVIIT21XXX for non-euro payments or money from outside the SEPA area. A few forms also ask for the BIC; if so, fill in BSVIIT21 or BSVIIT21XXX.

Instant euro transfers have become increasingly available across SEPA. Fees for SEPA transfers are generally low.

Verifying the SWIFT code of Banca Regionale di Sviluppo S.P.A.

Have the recipient send you the account details directly from a recent statement. If the code you have does not match BSVIIT21 or BSVIIT21XXX, stop and ask.

An incorrect BIC can cause a delay, a payment being sent back or extra fees for investigation. An error in the account number can be more serious; check it just as carefully.

Most online banking apps validate the structure of an IBAN, but that does not prove the account belongs to the right person. If your bank offers it, a payee name check on the recipient gives an extra layer of safety. When you pay someone new, some people send a small amount first and wait for confirmation.

How up to date is this code?

Our SWIFT/BIC directory draws on public sources and we update it periodically. Institutions reorganise, close branches and retire codes – a directory can be a step behind. Counts and locations are from our directory and are not confirmed by Banca Regionale di Sviluppo S.P.A..

Treat the information on this page as a handy check, and let the details from the recipient or Banca Regionale di Sviluppo S.P.A. have the final say. GoldexPay is independent of Banca Regionale di Sviluppo S.P.A., we only compare transfer services. Spotted an error? Tell us through the contact page so we can correct it.