Credito Fondiario SPA SWIFT/BIC code

Credito Fondiario SPA SWIFT code: CFIUITR1

The 8-character code CFIUITR1 and the 11-character code CFIUITR1XXX refer to one and the same institution: Credito Fondiario SPA, with its head office in Roma. The code has a single purpose: it ensures that a cross-border transfer ends up at the right bank. In practice you mostly come across the code on international invoices, in your banking app and on the account details of Credito Fondiario SPA customers.

This page is meant to help anyone who pays into an account at Credito Fondiario SPA. The SWIFT code on its own does not identify an individual account holder; for that you need the account number or IBAN .

Getting paid from abroad into a Credito Fondiario SPA account

Someone abroad who wants to pay you will ask for a few details from you. That means: your full name exactly as it appears on the account, your IBAN or account number, the SWIFT/BIC code CFIUITR1XXX and usually your postal address.

Certain banks also ask for the name and address of Credito Fondiario SPA in Roma, so keep it at hand. Check every detail before you share them – a sender rarely spots a mistake in someone else’s details.

What lands in your account can be less than the amount sent. Intermediary banks may deduct a fee, and if the money is converted, a markup on the rate applies. Make clear with the sender who pays which costs, especially for larger amounts.

Is CFIUITR1 still correct? How to check

The best place to find the correct BIC remains a document from the bank itself like a bank statement or the account page in online banking. When the code you were given differs from CFIUITR1 or CFIUITR1XXX, do not guess – contact the recipient or Credito Fondiario SPA.

A wrong SWIFT code may lead to delays, a returned payment or extra fees. Remember the account number: a mistake there can be more difficult to correct than a wrong code.

Many banking apps check the structure of an IBAN and some suggest the matching BIC. If your bank offers it, a payee name check before sending gives an extra layer of safety. A small test payment can be worth it for large sums.

Paying into Credito Fondiario SPA in EUR

The national currency of Italy is the Euro (EUR). When you pay another currency, the amount has to be converted at some point: by your bank, an intermediary or Credito Fondiario SPA itself. You rarely see a separate line for the conversion – the cost sits in the rate.

Who converts the money makes a difference, because each party uses its own rate. Often you pay less if you send EUR directly via a transfer service with a good rate rather than letting the receiving bank convert.

Exchange rates change during the day, and some providers let you lock in a rate. For recurring payments, a slightly better rate make a real difference over time.

Choosing between the 3 SWIFT codes of Credito Fondiario SPA

Credito Fondiario SPA has 3 different SWIFT/BIC codes. One of them is the head office code; the rest identify branches or departments.

For the vast majority of payments to a private or business account, the head office code CFIUITR1XXX works fine. When you receive a specific code, use it as it is rather than swapping it with the head office code.

When in doubt, ask the person you are paying for the exact BIC in their bank details. Codes can change over time, so a code from an old document is not always valid.

What the XXX in CFIUITR1XXX means

The structure of a BIC is always the same: a bank code of four letters, a two-letter country code and two for the location. The result is CFIUITR1.

XXX at the end of CFIUITR1XXX is not a missing value or an error: it stands for the head office of Credito Fondiario SPA. Some forms ask for 11 characters, and then you simply add XXX after CFIUITR1.

In practice the code is typed in capitals, without spaces or dashes. Watch for the letter O and the digit 0 or the letter I and the digit 1.

A note on our data

We gather SWIFT/BIC codes from public sources and update our list from time to time. It is possible that information on this page is out of date after a merger or reorganisation. Figures such as the number of codes come from our own dataset.

Treat our directory here as a helpful check, and let the details from the recipient or Credito Fondiario SPA have the final say. We are an independent comparison service and not part of Credito Fondiario SPA. Spotted an error? Let us know via our contact form so we can correct it.

SEPA payments and the Credito Fondiario SPA BIC

Because Italy is part of SEPA, a euro transfer to Credito Fondiario SPA from within the SEPA area usually only needs the IBAN. Many banks no longer ask for the BIC for these payments.

The BIC does come into play for payments in other currencies. A few banks and apps also show a field for the BIC; if so, enter CFIUITR1.

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

International transfers from Credito Fondiario SPA: the real cost

A bank transfer abroad costs more than the listed fee. You pay the fee for the transfer itself, sometimes charges from correspondent banks along the way and, most importantly, the margin on the exchange rate when the money is converted.

The markup on the rate is often the biggest cost because it is hidden in the rate. An easy check: set the bank’s rate against the mid-market rate for the same moment and work out the difference on your amount.

Specialised transfer providers often offer rates closer to the mid-market rate. Next time you send money, take a minute comparing what arrives via GoldexPay. You can always use your account at Credito Fondiario SPA as the source of the money, while a cheaper service handles the conversion.

Changed bank details? Be careful

A common scam works like this: you receive a message saying that a contact has a new bank account. The fact that CFIUITR1 exists does not mean that a request mentioning it is genuine – fraudsters use real bank codes as well.

Before paying, confirm changed bank details through a phone call, using a number you already had. Pressure or secrecy tend to be warning signs. 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 also target the receiver. Someone sends too much and asks you to return the difference. Do not act before the money is actually in your account – ask Credito Fondiario SPA if something looks wrong.

Transfer times and tracking a payment to Credito Fondiario SPA

An international transfer typically needs anywhere from one to several business days, depending on the currency, the route and the banks involved. Weekends and public holidays in either country can add extra days to the journey. Occasionally a bank asks about the purpose of a payment, which can hold things up.

Many banks use SWIFT gpi for faster and traceable payments. Every gpi transfer gets a unique reference, the UETR, which your bank can use to see where the money is. Money transfer services usually show tracking in their app showing how far the money has got.

Only the sending bank is able to request a trace or a recall. Request from the sender a copy of the payment confirmation including the reference; that often settles the question quickly.