Banca Ubae SPA SWIFT/BIC code

SWIFT/BIC code of Banca Ubae SPA

The short code UBAIITRR and the full code UBAIITRRXXX identify the same bank: Banca Ubae SPA in Roma, Italy. The code does one job: it makes sure that an international payment reaches the right bank. You will need it mainly when dealing with transfers between countries.

On this page we explain how the code is put together, when you need it and what else you need for a transfer to or from Banca Ubae SPA. The BIC names a bank or branch, never a single account; the IBAN or account number does that.

International transfers from Banca Ubae SPA: the real cost

When you transfer money abroad through Banca Ubae SPA, the fee you see is rarely all of what you pay. On top of a fixed fee, correspondent or intermediary banks may deduct a fee, and if currencies are converted the bank usually applies a rate below the actual market rate.

The real cost is often in the rate: the bank converts at a rate with a margin built in. Check the rate you are offered with the mid-market rate; the gap is what conversion costs you.

For a lot of routes, a transfer service is less expensive than a traditional bank transfer, mainly because of the exchange rate. Before your next transfer, take a minute comparing what arrives on GoldexPay instead of going straight to your bank. Using a transfer service does not require leaving Banca Ubae SPA.

Incoming international payments to Banca Ubae SPA

Someone abroad who wants to pay you will ask for several details from you – incomplete details often cause delays. Share your name as the bank knows it, the IBAN or account number, SWIFT code UBAIITRRXXX and your address, which some banks require.

Some sending banks also ask for the bank’s address; it does no harm to include it. Double-check the details before you send them.

The amount you receive can be lower than what was sent. Correspondent banks can take a fee, and if the money is converted, a markup on the rate applies. For business payments, you can agree who bears the costs.

How to check UBAIITRR before you pay

Ask the recipient to send you the account details directly from a recent statement. Compare that code with UBAIITRR here; if they differ, ask before you pay.

Mistakes in the SWIFT code are costly more than disastrous. A mistake in the account number is a bigger problem because it can reach the wrong person.

Most online banking apps validate the format of IBANs and some suggest the matching BIC – that confirms the format, not the owner. Some banks now compare the payee name with the account before you confirm; take any warning seriously. A small test payment is worth it for large sums.

Do you need UBAIITRR for a SEPA transfer?

Italy is part of the SEPA area, the zone for uniform euro payments. For a regular euro transfer within SEPA, you normally only need the IBAN; many banks no longer ask for the BIC.

You still need UBAIITRRXXX for payments in other currencies or money from outside the SEPA area. If a payment form asks for the BIC regardless, entering UBAIITRR does no harm.

Instant euro transfers are widely supported within SEPA – whether Banca Ubae SPA offers them for your account is worth checking. Fees for SEPA transfers tend to be low as long as everything stays in euros.

Changed bank details? Be careful

One of the most common tricks goes like this: you receive a request claiming that a supplier now has a new bank account and asking you to pay there from now on. The fact that UBAIITRR exists does not mean that the account is genuine – fraudsters use real bank codes as well.

Verify new bank details via a separate channel. Pressure or requests to keep it quiet tend to be warning signs – a real supplier can wait a day. If a payment was sent to a fraudster, contact your bank immediately: the sooner they act, the better the chance of a recall.

People receiving money are targeted too: a classic trick is an overpayment followed by a request to refund the difference to another account. Do not act before the money has really arrived and check with Banca Ubae SPA if anything seems off.

How up to date is this code?

The codes on this page are taken from public sources which we refresh regularly. Banks merge, close branches and change codes – a directory can be a step behind. Counts and locations come from our own dataset and may differ from what Banca Ubae SPA publishes.

For a payment of any size, confirm the code with Banca Ubae SPA or the recipient. GoldexPay is an independent comparison service and not affiliated with Banca Ubae SPA. Spotted outdated information? Let us know through the contact page.

Why Banca Ubae SPA has an 8- and an 11-character code

Each SWIFT/BIC code starts with the same eight core characters: a four-letter bank code, two letters for the country and a two-character location code. That gives you UBAIITRR.

Many banks and apps work with either length. If a form asks for eleven characters, use UBAIITRRXXX.

Enter the code as one block, in upper case and without spaces, exactly as shown here. A wrong letter can send a payment to a different institution, so check it twice.

Banca Ubae SPA: head office code versus branch codes

Banca Ubae SPA uses 2 separate SWIFT/BIC codes across 2 cities. Only one is the head office code; the rest belong to branches or departments, and sometimes internal departments.

For the vast majority of payments to a private or business account, the head office code UBAIITRRXXX is what you need. Branch codes are only needed if the recipient’s bank explicitly mentions it, which is more common for corporate accounts and specialised services.

Not sure which code applies? Check with the recipient, or look at a recent statement from Banca Ubae SPA. Branch codes are more prone to be retired than the head office code.

Paying into Banca Ubae SPA in EUR

Most accounts at Banca Ubae SPA are usually held in EUR, the national currency of Italy. If you send another currency it gets converted somewhere along the way. You rarely see a separate charge for that conversion.

Who does the conversion has an effect on how much arrives, as rates and margins differ per bank. Sending the amount already in EUR usually avoids a second conversion by Banca Ubae SPA, provided the rate you get is fair.

Exchange rates move during the day – some services let you fix a rate in advance. With bigger transfers, a seemingly small gap in the rate can be worth more than the fee.

How long does an international transfer to Banca Ubae SPA take?

How quickly a payment arrives at Banca Ubae SPA depends on several factors: the currency, the number of banks in between, daily processing deadlines and time zones. Transfers sent after the cut-off time or just before weekends and holidays usually go out the next business day. Sometimes a bank asks about the purpose of a payment, which can hold things up.

If the money is delayed, contact your bank for the status and the transaction reference; with that reference banks can see where the payment is. Money transfer services usually show tracking in their app so you can see how far the money is.

A missing payment has to be traced by the sending bank. Ask the sender for the payment receipt including the reference.