Mediobanca SPA SWIFT/BIC code

SWIFT/BIC code of Mediobanca SPA

The short code BAMEITMM and the 11-character code BAMEITMMXXX refer to the same bank: Mediobanca SPA in Milano, Italy. Every bank on the SWIFT network uses these codes to direct international transfers to the correct bank. In daily life you mostly see it on invoices from abroad, in payment forms and in the bank details of Mediobanca SPA customers.

This page is meant to help anyone who sends money to an account at Mediobanca SPA. Remember that the BIC only identifies the bank, not the account: the account number or IBAN does that part.

What the XXX in BAMEITMMXXX means

The layout of every SWIFT code never changes: a bank code of four letters, two for the country and two for the location, plus an optional branch code. The result is BAMEITMM, the short form of the code.

XXX at the end of BAMEITMMXXX is not a placeholder or a mistake: it indicates the main office of Mediobanca SPA. Some forms ask for 11 characters, in which case you simply add XXX after BAMEITMM.

In practice the code is typed in capitals and without spaces. Copying the code beats typing it by hand.

How long does an international transfer to Mediobanca SPA take?

There is no fixed answer for every transfer: some land the same day or the next. Bank holidays in the sending or receiving country add extra days to the journey. Occasionally a bank asks what the payment is for, which can hold things up.

If a transfer seems delayed, contact the sending bank about the tracking status or the UETR. Money transfer services usually show tracking online showing how far the payment is.

If the money does not arrive after a few business days, the person who paid should contact their own bank, not the receiving bank. As a recipient, you can look at your account to see a partial amount.

The Euro and what conversion costs you

Accounts at Mediobanca SPA are typically held in EUR, the local currency of Italy. A payment in a foreign currency is converted into EUR. You rarely see a separate line for that conversion; it is built into the rate.

Who does the conversion has an effect on how much arrives, since every bank sets its own rate. Often you pay less if you send EUR straight away through a transfer service with a good rate, so that the receiving bank does not need to convert again.

Exchange rates move during the day. For regular payments, a slightly better rate make a real difference over a year.

International transfers from Mediobanca SPA: the real cost

A bank transfer abroad costs rather more than the fee suggests. There is the fee for the transfer itself, sometimes fees charged by intermediary banks in between and, above all, the margin on the exchange rate.

Many banks rarely show the margin on the rate separately, but you pay it all the same. Check the rate you are offered with the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

For many currency pairs, a specialist provider turns out to be less expensive than a bank, mainly because of the exchange rate. Before your next transfer, it is worth to compare the total cost on GoldexPay. You can always use your account at Mediobanca SPA to fund the transfer; only the conversion and sending happen elsewhere.

Getting paid from abroad into a Mediobanca SPA account

When you expect a payment from another country, send the payer everything they need in one go. The basics are: the account holder’s name, account number or IBAN, BAMEITMMXXX and in many cases your home address.

Some banks want the bank’s address in Milano, so keep it at hand. A typo in your account number can be more trouble than you might think.

An incoming payment does not always arrive for the full amount. Charges on incoming payments vary from bank to bank – the price list of Mediobanca SPA tells you what applies. For business payments, you can agree how the fees are split, so that nobody is left short.

Choosing between the 2 SWIFT codes of Mediobanca SPA

Having 2 codes in 1 cities, Mediobanca SPA belongs to the banks that use separate codes for branches and departments. The head office code remains BAMEITMMXXX.

Usually there is no need to look up a branch: transfers sent to BAMEITMMXXX are routed within Mediobanca SPA without problems. Only use a branch code when the recipient gives you that exact code, for example on an invoice or in their bank details.

Not sure which code applies? Ask the recipient. Branch codes are more likely to change than the head office code.

How up to date is this code?

We gather bank codes using publicly available data and update our list regularly. It is possible that information here is no longer current, for example after a merger. Counts and locations are from our own dataset and are not confirmed by Mediobanca SPA.

For a payment that matters, always confirm the code with Mediobanca SPA or with the recipient. We are an independent comparison service and not part of Mediobanca SPA. If you notice a mistake, we appreciate a message.

How to check BAMEITMM before you pay

Have the recipient send you their bank details directly from their online banking. When the code you were given does not match BAMEITMM or BAMEITMMXXX, stop and ask.

A wrong SWIFT code may lead to a delay, a returned payment or additional charges. An error in the IBAN or account number is a bigger problem, so check that just as carefully.

Most online banking apps check the structure of IBANs and some suggest the matching BIC. Where available, a name check before sending gives extra certainty. When you pay someone new, some people send a small test amount.

Euro transfers to Mediobanca SPA: is a BIC needed?

Inside SEPA, euro payments to an account in Italy use the same rules, so the IBAN does the job in most cases. The BIC field is often optional in that case.

You still need BAMEITMMXXX for payments in other currencies or transfers from countries outside SEPA. If your banking app has a field for the BIC regardless, adding BAMEITMM does no harm.

SEPA transfers normally land within one business day; instant payments are faster if both banks offer them. Provided no currency is converted, a SEPA transfer tends to be inexpensive; costs rise once a conversion is involved.

Watch out for payment fraud

Stay wary if someone unexpectedly wants you to send money to another account or a bank in another country. The fact that BAMEITMM exists does not mean that a request mentioning it is genuine – fraudsters use real bank codes as well.

Verify new bank details through a separate channel, not by replying to the message. Watch out for urgent requests, unusual wording or an email address that differs by one letter. Already paid? Contact your bank without delay and have them try to recall the payment; also report it to the police.

Fraud also target the receiver: someone sends too much and asks you to return the difference to a new account. Wait until the money has really arrived – ask Mediobanca SPA if something looks wrong.