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

Gbm Banca S.P.A. SWIFT code: GBMGIT31

GBMGIT31 and GBMGIT31XXX are two ways of writing the same bank identifier, and both lead to Gbm Banca S.P.A. in Bari. A SWIFT code shows the banks handling a payment exactly which bank is meant to get the money, a bit like a postal address for banks. In practice you mostly see the code on international invoices, in your banking app and in the bank details that Gbm Banca S.P.A. provides.

Further down we go through the practical side: money coming in from abroad, sending money abroad and how to check the code before you confirm a payment. Keep in mind that the SWIFT code only identifies the bank, not the account: the account number or IBAN takes care of that.

Before you send: check the Gbm Banca S.P.A. code

The safest source for the BIC is the bank details provided by the recipient: an invoice, a bank statement or their online banking. Check it with GBMGIT31 on this page and ask if anything does not match.

Mistakes in the SWIFT code tend to be annoying more than disastrous: often the payment comes back, minus fees. An error in the account number is a bigger problem because it can reach the wrong person; check it just as carefully.

An automatic check by your bank only confirms that the IBAN exists, not that it is the right account. Where available, a name check on the recipient gives an extra layer of safety. A small test payment can be a sensible step for large sums.

Watch out for payment fraud

Be wary if a contact suddenly wants you to pay into a different account abroad. That GBMGIT31 is a real code does not mean that the account is legitimate.

Always verify changed bank details through a phone call on a number you know, not one from the message. Urgency and secrecy tend to be red flags; a genuine business can wait for you to check. When money has already gone to the wrong account, contact your bank immediately: the sooner they act, the better the chance of a recall.

Fraud also work the other way: someone claims to have sent more than agreed and asks you to refund the extra. Do not act before the money has really arrived and check with Gbm Banca S.P.A. if anything seems off.

Sending money abroad from Gbm Banca S.P.A.

An international bank payment costs rather more than the fee suggests. You pay the transfer fee, sometimes charges from correspondent banks in between and, most importantly, the exchange rate markup when the money is converted.

The markup on the rate tends to be the largest item, and it is easy to miss. A simple test: set the rate you get next to the mid-market rate for the same moment and look at the difference.

Specialist money transfer services frequently offer rates closer to the mid-market rate. Next time you send money, take a minute comparing what arrives via GoldexPay. Choosing a specialist does not require leaving Gbm Banca S.P.A..

About this information

The directory on GoldexPay draws on public sources and we update it periodically. Banks reorganise, close branches and change codes – a directory can be a step behind. The number of codes we show reflect our own data, not official figures from Gbm Banca S.P.A..

Use this page as a starting point, rather than as the last word. GoldexPay is not affiliated with Gbm Banca S.P.A., we only compare transfer services. Should you notice a mistake, we welcome a short note.

Sending EUR to Gbm Banca S.P.A.

Most accounts at Gbm Banca S.P.A. are usually held in EUR, the national currency. When you pay money in a different currency, the amount gets converted somewhere along the way: by your bank, an intermediary or Gbm Banca S.P.A. itself. There is rarely a separate line for the conversion.

Who converts the payment matters: every bank has its own margin. Sending the money directly in EUR usually avoids a second conversion by Gbm Banca S.P.A..

Rates for EUR change during the day, and some providers let you lock in a rate. For regular payments, a slightly better rate add up over time.

What to give a sender who pays you at Gbm Banca S.P.A.

For an international payment into your account at Gbm Banca S.P.A., the person paying you needs not just the SWIFT code. In practice that means: your name as registered with Gbm Banca S.P.A., your account number or IBAN, the SWIFT/BIC code GBMGIT31XXX and sometimes your address.

Their bank may also ask for the address of your bank. A typo in your account number is more trouble than it looks; copy them from your banking app rather than typing.

Expect that the amount credited is smaller than what the sender paid. Charges on incoming payments differ from bank to bank – the price list of Gbm Banca S.P.A. tells you what applies. For business payments, it is common to agree who bears the costs to avoid a shortfall.

Why Gbm Banca S.P.A. has an 8- and an 11-character code

Each SWIFT/BIC code has the same eight core characters: four letters for the bank, a two-letter country code and two characters for the location. That gives you GBMGIT31, the short form of the code.

XXX at the end of GBMGIT31XXX does not stand for a placeholder or a mistake: it stands for the head office of Gbm Banca S.P.A.. Some forms ask for 11 characters, and then you simply enter XXX after GBMGIT31.

As a rule the code is written in capitals, without spaces or dashes. Look out for the letter O and the digit 0 and the letter I and the digit 1; they are easy to mix up.

SEPA payments and the Gbm Banca S.P.A. BIC

Because Italy is in the SEPA zone, a euro transfer into Gbm Banca S.P.A. from within the SEPA area normally requires just an IBAN. Most banking apps no longer ask for the BIC in that case.

You will still need GBMGIT31XXX for non-euro payments or money from outside the SEPA area. Some forms still show a field for the BIC; if so, enter GBMGIT31 or GBMGIT31XXX.

SEPA transfers usually arrive by the next business day; instant payments are faster if both banks offer them. Charges on SEPA payments tend to be low as long as everything stays in euros.

Transfer times and tracking a payment to Gbm Banca S.P.A.

A SWIFT payment usually takes one to a few business days – it depends on currency, route and the banks in between. Weekends and public holidays in the sending or receiving country add extra days. Extra checks on larger or unusual payments can also cause some delay, regardless of the details.

If the money seems late, ask your bank about the status and the transaction reference. Keep the payment confirmation until the money has arrived – you will need it for any trace request.

A missing payment is traced by the sending bank, using the payment confirmation. Request from the sender a copy of the payment confirmation with the date and reference.

Which of the 2 codes of Gbm Banca S.P.A. do you need?

Our directory lists 2 SWIFT/BIC codes for Gbm Banca S.P.A. in 2 cities. Besides the head office code GBMGIT31XXX, there are codes for individual branches and departments.

For the vast majority of payments to a private or business account, the head office code GBMGIT31XXX works fine. Just use a branch code when the account holder gives you that exact code, for example on an invoice or in their bank details.

Unsure which code to use? Ask the recipient. Codes for branches are more prone to change than GBMGIT31XXX.