SWIFT/BIC codes in Italy: banks starting with L

SWIFT/BIC codes in Italy

Here you will find codes for 3414 institutions in Italy, 26259 codes in all. A BIC shows the banks handling a transfer exactly which bank should receive an international payment.

Choose a bank below to see its head office code and any branch codes along with tips for payments to and from that bank. Below the list we explain how a code from Italy is put together, how to send money to Italy at a fair price and what to check before you pay.

Recognising a SWIFT code from Italy

Each SWIFT/BIC code has eight or eleven characters in a fixed order. It starts with a four-letter bank code, followed by a two-letter country code and two characters for the location.

Whatever the bank, all Italy codes share the same fifth and sixth letters: the ISO code of the country. When those two letters do not match Italy, the code belongs to a bank somewhere else – worth double-checking.

The last three characters, if present, identify a specific branch; XXX means the head office. In most cases the head office code is what you need unless the recipient asks for a specific branch.

Paying in EUR: what conversion costs you

Bank accounts in Italy are usually held in EUR. If you send money in a different currency, it has to be converted somewhere along the way: by your bank, an intermediary or the receiving bank.

Who does the conversion has an effect on how much arrives. Check what EUR the recipient gets with different providers before choosing one. Rates for EUR change during the day.

Incoming international payments in Italy

If you are waiting for a payment from another country in Italy, send the payer a complete set of details. Share the account holder’s name, your account number or IBAN, your bank’s SWIFT code and your address, which some banks require.

Your bank’s code is in our list. It helps to add your bank’s name and city because some forms have separate fields for it.

Expect that the amount credited is below the amount on the sender’s receipt. Charges on incoming payments differ per bank. Make clear with the sender who covers the fees.

Banks in Italy starting with :letter

You are looking at a filtered list: just institutions in Italy whose name begins with :letter. The figures for Italy mentioned here cover all 3414 banks, not just the ones under :letter.

Bank not listed? Its official name might begin with another word – think of the full legal name instead of the brand. Try the full list for Italy if you do not know the exact name.

Check the code before you pay

The best place to find the correct BIC is a document from the bank itself. If the code you have differs from our list, stop and ask.

We gather bank codes using publicly available data and update them regularly. Still, banks merge or change codes and our data may lag behind. For a payment that matters, check the code with the recipient’s bank. GoldexPay is an independent comparison site and has no link to the banks in this list.

Fraudsters often use payment requests with new bank details. Before paying, verify a change of bank details through a separate channel on a number you know.

Paying in euros to Italy

Italy is part of the Single Euro Payments Area (SEPA). When you send euros from another SEPA country, the IBAN is usually enough; many banks no longer ask for the BIC.

You still need a SWIFT code for payments in other currencies or transfers from countries outside SEPA. SEPA transfers usually arrive by the next business day or faster with instant payments. Costs stay low provided everything stays in euros – conversion is what costs money.

Tracking a payment to Italy

How quickly a payment arrives in Italy depends on a few things: the currency, how many intermediary banks are involved, daily processing deadlines and differences in time zone. Bank holidays in either country can add extra days to the journey.

When a payment takes longer than expected, the sender should contact the sending bank for a trace; only the sending side can start an official trace. Money transfer services usually provide tracking in their app.

The cheapest way to send money to Italy

When you transfer money to Italy with a regular bank, the stated fee is rarely all of the cost. On top of the fee, correspondent banks may deduct a charge and, if currencies are converted, the bank often uses a less favourable rate than the actual market rate.

That exchange rate margin tends to be the largest part of the cost. An easy check: set the offered rate next to the mid-market rate and work out the difference on your amount.

For many currency pairs, a transfer service turns out to be less expensive than a bank. On GoldexPay we compare the amount that arrives in Italy across providers, so you can pick the cheapest route.

The largest SWIFT network in Italy: Unicredit SPA

Of the 3414 banks in Italy, Unicredit SPA is listed with the most codes. The head office of Unicredit SPA uses UNCRITM1001.

Many codes usually reflects that the bank registers branches and departments separately – it says nothing about the size of the bank as such. Unless the recipient asks for a branch, the head office code UNCRITM1001 works for a payment to Unicredit SPA.