Cassa Compensazione e Garanzia S.P.A. SWIFT/BIC code

SWIFT/BIC code of Cassa Compensazione e Garanzia S.P.A.

CCEGITR2 and CCEGITR2XXX are the short and the long form of the same SWIFT/BIC code, and both lead to Cassa Compensazione e Garanzia S.P.A. in Roma. A SWIFT code shows the banks handling a payment exactly which bank should receive the money. In practice you usually come across it on invoices from abroad, in your banking app and on the account details that Cassa Compensazione e Garanzia S.P.A. provides.

We wrote this page to help anyone who sends money to an account at Cassa Compensazione e Garanzia S.P.A. and wants to get the details right. The SWIFT code alone cannot identify an individual account holder; that is what the IBAN or account number is for.

CCEGITR2 or CCEGITR2XXX – which one to use?

The layout of every SWIFT code never changes: four characters for the institution, two for the country and a two-character location code, plus an optional branch code. For Cassa Compensazione e Garanzia S.P.A., that core is CCEGITR2.

Many payment forms accept both lengths. If yours requires eleven characters, enter CCEGITR2XXX, otherwise CCEGITR2 is fine.

In practice the code is typed in capitals, without spaces or dashes. A wrong character can send the money to a different institution.

Sending EUR to Cassa Compensazione e Garanzia S.P.A.

Italy pays in the Euro (EUR). Money sent in a different currency is exchanged into EUR on its way to Cassa Compensazione e Garanzia S.P.A., and whoever converts it chooses the rate. There is rarely a separate line for that conversion; it is built into the rate.

Where the conversion happens has an effect on the final amount. Check what EUR the recipient gets via several providers.

Rates for EUR move during the day. If you pay regularly, a slightly better rate make a real difference over a year.

When will the money arrive at Cassa Compensazione e Garanzia S.P.A.?

A SWIFT payment usually needs anywhere from one to several business days, depending on the currency, the route and the banks involved. Transfers sent late in the day or on weekends and holidays usually start the next business day. Compliance checks on larger or unusual payments may also cause some delay, regardless of the details.

Many banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Each gpi transfer gets a unique reference, the UETR that banks can use to trace it. Money transfer services usually provide tracking in their app showing where the money is.

Only the sending bank can request a trace – the recipient’s bank often cannot see a payment that has not arrived. On the receiving end, you can check your account to see a partial amount.

Incoming international payments to Cassa Compensazione e Garanzia S.P.A.

Someone abroad who wants to pay you will ask for several details from you, and missing ones are a common cause of delays. Share the account holder’s name, your account number or IBAN, SWIFT code CCEGITR2XXX and your address.

Their bank may also ask for the address of your bank; the head office in Roma is usually fine. A typo in the IBAN can be harder to fix than you might think; copy them from your banking app rather than typing.

Money from abroad will not always land in full. Correspondent banks can take a fee, Cassa Compensazione e Garanzia S.P.A. may charge for incoming payments, and if the money is converted, a markup on the rate applies. Make clear with the sender who pays which costs before the money is sent.

Which of the 7 codes of Cassa Compensazione e Garanzia S.P.A. do you need?

With 7 codes in 1 cities, Cassa Compensazione e Garanzia S.P.A. belongs to the banks that register individual codes for branches and departments. The head office code remains CCEGITR2XXX.

In most cases there is no need to pick a branch: transfers sent to CCEGITR2XXX are routed within Cassa Compensazione e Garanzia S.P.A. correctly. When you receive a specific code, stick to it rather than replacing it for the head office code.

Unsure which code applies? Check with the recipient. Codes for branches are more likely to change than the head office code when a bank merges or closes offices.

Paying Cassa Compensazione e Garanzia S.P.A. in euros within SEPA

Within the SEPA zone, euro transfers to Cassa Compensazione e Garanzia S.P.A. use common rules, so the IBAN does the job in most cases. The BIC field is often optional in that case.

You will still need CCEGITR2XXX for non-euro payments or transfers from countries outside SEPA. If a payment form asks for the BIC regardless, adding CCEGITR2 is fine.

SEPA transfers usually arrive by the next business day. Fees for SEPA transfers tend to be low as long as everything stays in euros.

Protect yourself against fake payment requests

Stay alert if someone suddenly wants you to send money to a different account or a bank in another country. A real SWIFT code tells you nothing about who owns the account.

Do not trust contact details from the same email that contains the change. Be suspicious of urgent requests, odd spelling or an email address that differs by one letter. When money has already gone to a fraudster, call your bank right away: the sooner they act, the better the chance of a recall.

Scams can also target the receiver. Someone sends too much and wants you to refund the extra to a new account. A screenshot of a transfer is no proof.

What a transfer from Cassa Compensazione e Garanzia S.P.A. abroad really costs

The price of an international transfer is made up of several parts – not just the fee on your screen. You pay the transfer fee, possibly fees charged by intermediary banks in between and, above all, the margin on the exchange rate if the currency changes.

Banks rarely show their exchange rate markup as a cost, but you pay it all the same. A simple test: put the rate you get next to the mid-market rate and work out the difference on your amount.

For a lot of currency pairs, a specialist provider turns out to be less expensive than a traditional bank transfer, mainly because of the exchange rate. GoldexPay compares transfer providers side by side, showing what actually arrives. Using a transfer service does not mean leaving Cassa Compensazione e Garanzia S.P.A. – you pay the provider from your own account.

Before you send: check the Cassa Compensazione e Garanzia S.P.A. code

The most reliable place for the right code remains paperwork issued by the bank. If the code you have does not match CCEGITR2 or CCEGITR2XXX, do not guess: check with the recipient or with Cassa Compensazione e Garanzia S.P.A. directly.

If the code is wrong, the payment might be delayed, be returned or end up costing more. Remember the account number: a mistake there can be more difficult to correct than a wrong BIC.

Many banking apps check the format of IBANs, but that does not prove the account belongs to the right person. If your bank offers it, a name check before sending gives an extra layer of safety. For a first payment, some people start with a small test amount.

About this information

The codes on this page come from publicly available data that we update regularly. It is possible that information here is out of date. The number of codes on this page reflect our own data and not on information from Cassa Compensazione e Garanzia S.P.A. itself.

Treat the information on this page as a helpful check and rely on the recipient or Cassa Compensazione e Garanzia S.P.A. for the final confirmation. We are a comparison service and not part of Cassa Compensazione e Garanzia S.P.A.. If you notice something that is out of date, we welcome a message via the contact page.