Jpmorgan Chase Bank, N.a., Milan Branch SWIFT/BIC code

Jpmorgan Chase Bank, N.a., Milan Branch SWIFT code: CHASITMX

CHASITMX and CHASITMXXXX are the short and the long form of the same SWIFT/BIC code, and both point to Jpmorgan Chase Bank, N.a., Milan Branch in Milano. A BIC does one job: it ensures that money from abroad ends up at the right bank. It comes up mainly when dealing with payments that cross a border and payments in foreign currencies.

Below we go through the practical side: money coming in from abroad, paying someone in another country and how to verify the code before you confirm a payment. A SWIFT code identifies an institution, not a single account; the IBAN or account number does that.

Jpmorgan Chase Bank, N.a., Milan Branch: head office code versus branch codes

With 4 codes, Jpmorgan Chase Bank, N.a., Milan Branch belongs to the banks that use separate codes for branches and departments. The main code is CHASITMXXXX.

If nobody asks you for a branch code, go with CHASITMXXXX. A branch code only makes sense if the account holder specifically mentions it, which is more common for corporate accounts and trade services.

The safest approach is to copy the code straight from the recipient’s bank details. Codes for branches are more prone to be retired than CHASITMXXXX when a bank merges or closes offices.

Getting paid from abroad into a Jpmorgan Chase Bank, N.a., Milan Branch account

Someone abroad who wants to pay you needs several details from you – incomplete details often cause delays. What they need is: the account holder’s name, account number or IBAN, CHASITMXXXX and often your home address.

The sender’s bank may also ask for the address of your bank. Check every detail before you share them, because the sender’s bank usually copies them as is.

The amount you receive can be lower than what was sent. Correspondent banks can take a fee, Jpmorgan Chase Bank, N.a., Milan Branch may charge for incoming payments, and if the currency changes, an exchange rate margin comes on top. Make clear with the sender who covers the fees.

What the XXX in CHASITMXXXX means

A BIC is built from a few fixed parts: the first four letters stand for the bank, characters five and six show the country and characters seven and eight indicate the location. In this case, the 8-character core is CHASITMX.

Most banks and apps accept either length. If yours asks for eleven characters, use CHASITMXXXX; if it wants eight, use CHASITMX.

Do not add spaces when you enter CHASITMX; the code is always written in one block. A single character can send a payment to a different institution, so copy it carefully.

Sending money abroad from Jpmorgan Chase Bank, N.a., Milan Branch

The price of a payment abroad is made up of several parts – not just the fee on your screen. There is the transfer fee, sometimes fees charged by intermediary banks in between and, most importantly, the exchange rate markup if the currency changes.

That exchange rate margin tends to be the biggest item because it is hidden in the rate. Check the rate you are offered against the mid-market rate. The difference is your real conversion cost.

For a lot of currency pairs, a specialist provider is cheaper than a bank. Next time you send money, take a minute to compare what arrives on GoldexPay. Using a transfer service does not mean leaving Jpmorgan Chase Bank, N.a., Milan Branch.

The Euro and what conversion costs you

Italy uses the Euro. A payment in a foreign currency is exchanged into EUR on its way to Jpmorgan Chase Bank, N.a., Milan Branch. Each conversion costs something.

Who does the conversion affects how much arrives. Transferring the amount already in EUR usually prevents an extra conversion at the receiving end.

Exchange rates move all the time, and some providers let you lock in a rate. If you pay regularly, a slightly better rate add up over time.

How to check CHASITMX before you pay

The best place to find the correct BIC remains a document from the bank itself. Compare it with CHASITMX here; if they differ, ask before you pay.

An incorrect BIC may lead to delays, a returned payment or additional charges. Do not forget the IBAN: an error there is more difficult to correct than a wrong BIC.

Many banking apps check the structure of IBANs – that confirms the format, not the owner. More and more banks check the name against the account before you confirm; take any warning seriously. For a first payment, some people start with a small amount first.

Paying Jpmorgan Chase Bank, N.a., Milan Branch in euros within SEPA

Because Italy is in the SEPA zone, a euro payment into Jpmorgan Chase Bank, N.a., Milan Branch from another SEPA country usually only needs an IBAN. Most banking apps do not require the BIC in that case.

For anything other than euros and for senders outside SEPA, CHASITMXXXX or CHASITMX is still required. If a payment form asks for the BIC anyway, entering CHASITMX is fine.

Instant payments in euros have become widely available across SEPA; check with Jpmorgan Chase Bank, N.a., Milan Branch whether it applies to your account. Provided no currency is converted, a SEPA transfer tends to be inexpensive; it is the conversion that costs money.

Protect yourself against fake payment requests

Stay alert if a contact suddenly asks you to pay into another account. A real SWIFT code tells you nothing about who owns the account.

Always verify a change of bank details through a phone call. Watch out for urgent requests, odd spelling or a sender address that is slightly off. Acted too fast? Call your bank without delay and ask them to start a recall; also report it to the police.

Recipients are targeted too: one known trick is a buyer who pays too much followed by a request to send back the difference. A screenshot of a transfer proves nothing; only your own account shows what has arrived.

When will the money arrive at Jpmorgan Chase Bank, N.a., Milan Branch?

There is no fixed delivery time for every transfer: many land within a day, others take several business days. Payments made after the cut-off time or on weekends and holidays often start a business day later. Sometimes a bank asks what the payment is for.

Many banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Each payment carries a unique reference, the UETR, which your bank can use to see where the money is. Specialist transfer services often provide tracking online so you can see where the money is.

A missing payment has to be traced from the sending side, using the payment confirmation. On the receiving end, it helps to look at your account to see a partial amount.

About this information

Our SWIFT/BIC directory draws on publicly available sources and is updated regularly. It is possible that a code here is out of date, for example after a merger. Figures such as the number of codes come from our own dataset and may differ from what Jpmorgan Chase Bank, N.a., Milan Branch publishes.

For any payment that matters, always confirm the BIC with the recipient’s bank or the recipient. GoldexPay is a comparison service and not part of Jpmorgan Chase Bank, N.a., Milan Branch. Spotted outdated information? Let us know via our contact form and we will look into it.