Meridie SPA SWIFT/BIC code

SWIFT/BIC code of Meridie SPA

Whether a recipient gives you MRRDITM1 or MRRDITM1XXX, it is the same identifier for Meridie SPA in Italy. A SWIFT code shows the banks handling a payment which institution is meant to get the money, a bit like a postal address for banks. In daily life you mostly see it on international invoices, in payment forms and on the account details of Meridie SPA customers.

On this page you can read how the code is put together, when you need it and which other details you need for a transfer to or from Meridie SPA. Remember that the BIC only identifies the bank, not the account: the IBAN or account number does that part.

Head office or branch code at Meridie SPA?

Meridie SPA has 2 separate SWIFT/BIC codes across 2 cities. Only one is the head office code; the others belong to branches.

Usually you do not need to pick a branch: payments sent to MRRDITM1XXX are routed within Meridie SPA correctly. When you receive a specific code, use it as it is rather than replacing it with the head office code.

The safest route is to take the code directly from the recipient’s invoice. Codes can change over time.

About this information

The codes here come from public sources. Even so, banks merge or retire codes, so information can be out of date. The figures we show reflect our own data and not on information from Meridie SPA itself.

Treat this page as a reference, rather than as the final word: the recipient’s bank details come first. GoldexPay is an independent comparison service for money transfers and not affiliated with Meridie SPA. Found outdated information? Tell us via our contact form and we will look into it.

Scams that use SWIFT codes

Scammers often use payment requests containing changed bank details. A valid SWIFT code tells you nothing about whether the request is genuine: scammers use real codes of real banks.

Always verify a change of bank details through a phone call, using a number you already had. Watch out for time pressure, odd spelling or a sender address that is slightly off. Already paid? Contact your bank straight away and have them start a recall and report the fraud.

Fraud can also target the receiver. Someone sends too much and wants you to refund the extra to a new account. A payment confirmation from the sender is no proof – check your own account.

Sending EUR to Meridie SPA

The currency of Italy is the Euro (EUR). When you pay another currency gets converted somewhere along the way: by your bank, an intermediary or Meridie SPA itself. Each conversion eats into something, even when no fee is shown.

Which bank converts the money makes a difference, because each party uses its own rate. Compare what EUR the recipient gets with several providers.

The rate for EUR changes constantly and quotes are often valid only for a short time. With bigger transfers, even seemingly small gap in the rate adds up quickly.

Transfer times and tracking a payment to Meridie SPA

A SWIFT payment typically needs one to a few business days, depending on the currency, the route and the banks involved. Weekends and public holidays in either country can add extra days to the journey. Sometimes a bank asks about the purpose of a payment.

Many banks are connected to SWIFT gpi for faster and traceable payments. Each gpi transfer gets a unique reference, the UETR. Specialist transfer services usually provide a status in their app so you can see where the money has got.

If a payment has not arrived after a few business days, the person who paid needs to contact the bank that sent it, not the receiving bank. Ask the sender for a copy of the payment confirmation with the date and reference – it helps your own bank look for the money.

Euro transfers to Meridie SPA: is a BIC needed?

Inside SEPA, euro transfers to an account in Italy follow common rules and in most cases need only the IBAN. A field for the BIC is often optional for those payments.

The BIC still come into play for payments in other currencies, and for transfers from outside SEPA. If your banking app asks for the BIC regardless, adding MRRDITM1 is fine.

Euro payments within SEPA normally land by the next business day, and instant transfers in seconds where both banks support them. Provided no currency is converted, a SEPA transfer tends to be inexpensive; costs rise once a conversion is involved.

Is MRRDITM1 still correct? How to check

The best place to find the correct BIC is paperwork issued by the bank, such as a statement or the account details in online banking. If the code you have does not match MRRDITM1 or MRRDITM1XXX, do not guess.

If the code is wrong, the transfer might get stuck, be returned or cost extra, and tracing it can take weeks. An error in the IBAN or account number can be a bigger problem, because the money may be credited to someone else, so check that just as carefully.

Most online banking apps validate the structure of an IBAN and sometimes look up the BIC automatically. More and more banks check the name against the account before you confirm – do not ignore a mismatch warning. For a first payment, many people send a small amount first before sending the rest.

Why Meridie SPA has an 8- and an 11-character code

The structure of a BIC is always the same: a bank code of four letters, a two-letter country code and a two-character location code, plus an optional branch code. In this case, the 8-character core is MRRDITM1.

XXX at the end of MRRDITM1XXX does not stand for a placeholder or a mistake: it stands for the main office of Meridie SPA. Certain payment forms insist on 11 characters, and then you can enter XXX after MRRDITM1.

Enter the code as one block, in upper case and without separators. A single letter may route the money to another bank, so check it twice.

Sending money abroad from Meridie SPA

If you transfer money to another country through Meridie SPA, the fee you see is rarely all of the cost. You pay the fee for the transfer itself, possibly fees charged by intermediary banks in between and, most importantly, the margin on the exchange rate when the money is converted.

Most of the cost usually sits in the exchange rate, rather than in the fee: many banks convert at a rate that includes a margin. A simple test: put the rate you get next to the mid-market rate and work out the difference on your amount.

For a lot of routes, a transfer service is cheaper than a traditional bank transfer. Next time you send money, take a minute comparing the total cost on GoldexPay rather than accepting the bank’s rate by default. You can still keep your account at Meridie SPA, while a cheaper service handles the conversion.

Getting paid from abroad into a Meridie SPA account

When you are waiting for money from abroad, give the sender all details at once. That means: your name exactly as it appears on the account, your account number or IBAN, the SWIFT/BIC code MRRDITM1XXX (or MRRDITM1) and usually your address.

It helps to add the bank name and Milano as well. Check every detail before you share them, because the sender’s bank usually copies them as is.

Do not be surprised if the amount credited is smaller than what the sender paid. Charges on incoming payments vary from bank to bank. On invoices, you can state how the fees are split, so that nobody is left short.