ING Bank N.V. SWIFT/BIC code

ING Bank N.V. SWIFT code: INGBITD1

Whether a recipient gives you INGBITD1 or INGBITD1XXX, it is the identical identifier for ING Bank N.V. in Italy. A BIC does one job: it ensures that money from abroad ends up at the right bank. In practice you usually come across the code on invoices from abroad, in your banking app and in the bank details that ING Bank N.V. provides.

We wrote this page to help people who pays into an account at ING Bank N.V. without mistakes. The BIC identifies an institution, never a single account, which is why you always need the account number too.

The Euro and what conversion costs you

Italy uses the Euro. If you send money in a different currency it gets converted at some point. There is rarely a separate line for that conversion – the cost sits in the rate.

Which bank converts the payment matters: every bank has its own margin. Often it is cheaper to send EUR straight away via a transfer service with a good rate rather than letting the receiving bank convert.

The EUR rate changes constantly and quotes are often valid only for a short time. For recurring payments, small differences in the rate make a real difference over time.

Choosing between the 3 SWIFT codes of ING Bank N.V.

ING Bank N.V. has 3 different SWIFT/BIC codes. One of them is the head office code; the rest belong to branches or departments, and sometimes internal departments.

Unless the recipient tells you otherwise, go with INGBITD1XXX. A branch code only makes sense when the recipient’s bank specifically asks for it, which is more common for business accounts and specialised services.

When in doubt, check with the recipient which code their bank gave them. Branch codes are more likely to be retired than the head office code.

How long does an international transfer to ING Bank N.V. take?

There is no single delivery time: many arrive the same day or the next while others need several business days. Transfers sent late in the day or just before weekends and holidays often start a business day later. Extra checks on larger or unusual payments may also add a delay, regardless of the details.

When a payment takes longer than expected, ask the sending bank for the tracking status and the transaction reference. Specialist transfer services usually provide a status online showing where the money has got.

A delayed transfer is traced from the sending side on the basis of the transfer details. As a recipient, it helps to look at your account to see a slightly lower amount.

Where our SWIFT data comes from

This directory is based on publicly available sources. Banks merge, close branches and retire codes – a directory can be a step behind. The figures we show reflect what is in our directory.

Treat our directory on this page as a helpful check and rely on the recipient or ING Bank N.V. for the final confirmation. We are a comparison service for money transfers and not affiliated with ING Bank N.V.. Should you notice a mistake, we welcome a message via the contact page.

What to give a sender who pays you at ING Bank N.V.

To receive an international payment at ING Bank N.V., the sender needs not just the SWIFT code. The basics are: your name, IBAN or account number, INGBITD1XXX and often your postal address.

It helps to add the bank name and Milano as well, since some forms ask for it. A typo in the IBAN is more trouble than you might think; copy them from your banking app rather than typing.

Do not be surprised if the incoming amount is below what the sender paid. Fees for incoming transfers vary from bank to bank – the price list of ING Bank N.V. tells you what applies. On invoices, you can state how the fees are split, so that nobody is left short.

Before you send: check the ING Bank N.V. code

Have the recipient send you the account details straight from their online banking. Check that code against INGBITD1 on this page; if they differ, ask before you pay.

An incorrect BIC may lead to a delay, a payment being sent back or additional charges. Do not forget the account number: an error there is more difficult to correct than a wrong code.

An automatic check by your bank merely tells you that the code is valid – not that it belongs to the person you mean to pay. Some banks now compare the name with the account – do not ignore a mismatch warning. For a first payment, many people send a small test amount before sending the rest.

Paying someone abroad from your ING Bank N.V. account

What you pay for a payment abroad has several parts, and the transfer fee is only the most visible one. Besides the transfer fee, banks in between can take a cut, and when the money changes currency, the bank usually applies a rate that is less favourable than the real market rate.

The real cost is often in the rate, rather than in the fee: many banks convert using an exchange rate that includes a margin. Check the rate you are offered against the mid-market rate; the gap is what conversion costs you.

Specialised transfer providers frequently use rates closer to the mid-market rate and lower fees. Next time you send money, it is worth to compare the total cost on GoldexPay instead of going straight to your bank. Using a transfer service does not require closing your account at ING Bank N.V..

SEPA payments and the ING Bank N.V. BIC

Because Italy is in the SEPA zone, a euro transfer to ING Bank N.V. from within the SEPA area usually requires just an IBAN. Many banks no longer ask for the BIC in that case.

For anything other than euros and from non-SEPA countries, INGBITD1XXX or INGBITD1 is still part of the payment details. A few forms still show a field for the BIC; in that case, fill in INGBITD1.

Instant payments in euros are increasingly supported within SEPA – whether ING Bank N.V. offers them for your account is worth checking. Fees for SEPA payments are generally low, as long as no currency conversion is involved.

Changed bank details? Be careful

Be wary when someone suddenly asks you to send money to another account or a bank in another country. A real SWIFT code says nothing about whether the request is genuine – scammers simply use real codes.

Verify new bank details through a separate channel, not by replying to the message. Pressure or secrecy tend to be red flags – a real supplier can wait a day. If money was sent to the wrong account, call your bank right away: the sooner they act, the better the chance of a recall.

Recipients are targeted too: one known trick is a buyer who pays too much followed by a request to refund the difference to another account. A screenshot of a transfer proves nothing.

Why ING Bank N.V. has an 8- and an 11-character code

A SWIFT code is built from fixed blocks: characters one to four identify the bank, characters five and six show the country and the two after that indicate the location. That gives you INGBITD1.

The 11-character version adds three more characters that identify a branch or department. When those three characters are XXX, the code points to the head office, which is why INGBITD1XXX and INGBITD1 lead to the same place.

Type the code in one piece, in capitals and without separators, exactly as shown here. A single letter may route the money to another bank, so check it twice.