Monte Titoli S.P.A. SWIFT/BIC code

What MOTIIT41 means for a payment to Monte Titoli S.P.A.

MOTIIT41 and MOTIIT41XXX are the short and the long form of the same SWIFT/BIC code, and both point to Monte Titoli S.P.A. in Milano. Every bank on the SWIFT network uses these codes to direct payments between countries to the right institution. In daily life you mostly see it on invoices from abroad, in your banking app and in the bank details that Monte Titoli S.P.A. provides.

Below you will find the practical side: receiving money at Monte Titoli S.P.A., sending money abroad and how to verify the code before you hit send. A SWIFT code identifies a bank or branch, never a specific account, which is why you always need the account number too.

Which of the 13 codes of Monte Titoli S.P.A. do you need?

Our directory lists 13 SWIFT/BIC codes for Monte Titoli S.P.A. in 1 cities. Besides the head office code MOTIIT41XXX, you will find codes for branches, departments or specific services.

Unless the recipient tells you otherwise, use MOTIIT41XXX or its short form MOTIIT41. Only use a branch code when your contact explicitly asks for it, for example on a letter or invoice.

Not sure which code applies? Check with the recipient. Branch codes are sometimes changed or retired when banks reorganise, so do not rely on old paperwork.

A note on our data

The directory on GoldexPay is compiled from public sources and is updated regularly. Banks reorganise, close branches and change codes, and a directory never catches every change immediately. The number of codes we show reflect what is in our directory, not official figures from Monte Titoli S.P.A..

Treat the information here as a handy check and rely on the recipient or Monte Titoli S.P.A. for the final confirmation. GoldexPay is independent of Monte Titoli S.P.A.. Spotted outdated information? Let us know via our contact form.

What a transfer from Monte Titoli S.P.A. abroad really costs

When you send money abroad through Monte Titoli S.P.A., the fee you see is rarely all of the cost. There is the transfer fee, possibly charges from correspondent banks in between and, above all, the margin on the exchange rate.

That exchange rate margin tends to be the biggest cost, and it is easy to miss. A simple test: set the rate you get next to the mid-market rate for the same moment and look at the difference.

For many routes, a specialist provider turns out to be cheaper than a bank, mainly because of the exchange rate. GoldexPay compares transfer providers next to each other so you can see the amount the recipient gets. You can always keep your account at Monte Titoli S.P.A. to fund the transfer.

Euro (EUR) and conversion costs

The currency in Italy is the Euro (EUR). A payment in a foreign currency will be exchanged into EUR. Every conversion costs the amount, even when no fee is shown.

Who does the conversion affects the final amount, as rates and margins differ per bank. Check what EUR the recipient gets with several providers before choosing one.

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

When will the money arrive at Monte Titoli S.P.A.?

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 add extra days. Occasionally a bank asks what the payment is for, which can hold things up.

A growing number of banks use SWIFT gpi for faster and traceable payments. Each payment gets a unique reference, the UETR. Keep the payment confirmation until the money has arrived; it contains the details a bank needs to start a trace.

The bank that sent the money can start an official trace or a recall – the recipient’s bank often cannot see a payment that has not arrived. On the receiving end, it helps to check your account for a slightly lower amount because fees can reduce the amount.

SEPA payments and the Monte Titoli S.P.A. BIC

Because Italy is in SEPA, a euro payment into Monte Titoli S.P.A. from another SEPA country normally only needs an IBAN. Most banking apps no longer ask for the BIC for these payments.

You still need MOTIIT41XXX when sending non-euro payments or money from outside the SEPA area. A few banks and apps still ask for the BIC; in that case, enter MOTIIT41 or MOTIIT41XXX.

Instant euro transfers are widely supported within SEPA. Provided no currency is converted, a SEPA transfer is inexpensive; it is the conversion that costs money.

Incoming international payments to Monte Titoli S.P.A.

If you are waiting for money from abroad, send the payer all details at once. Give them the account holder’s name, the IBAN or account number, SWIFT code MOTIIT41XXX and your address, which some banks require.

You can add Monte Titoli S.P.A. and its city as well, because some payment forms have separate fields for them. A mistake in the IBAN can be more trouble than you might think, so copy the details from your online banking.

An incoming payment does not always land in full. Charges on incoming payments vary per bank – the price list of Monte Titoli S.P.A. tells you what applies. For business payments, you can agree who bears the costs.

Is MOTIIT41 still correct? How to check

Ask the recipient to copy the bank details straight from their banking app. Compare that code with MOTIIT41 on this page; if they differ, ask before you pay.

Mistakes in the BIC are costly rather than fatal. Remember the IBAN: an error there can be harder to correct than a wrong code.

An automatic check in your banking app merely confirms that the code exists, not that it is the right account. Where available, a payee name check on the recipient adds an extra layer of safety. Sending a small amount first can be a sensible step for a large first payment despite the extra fee.

Scams that use SWIFT codes

A common scam works like this: an email arrives with a request saying that a contact now has a new bank account and asking you to pay there from now on. A real SWIFT code says nothing about whether the request is genuine: scammers use real codes of real banks.

Verify changed payment details through a different channel, such as a phone number you already know, never via the email that asked for the change. Watch out for time pressure, unusual wording or a sender address that is slightly off. If money has already gone to the wrong account, contact your bank immediately.

People receiving money can be targeted as well: a classic trick is an overpayment followed by a request to refund the difference. A payment confirmation from the sender proves nothing.

Why Monte Titoli S.P.A. has an 8- and an 11-character code

A SWIFT code is built from a few fixed parts: the first four letters stand for the bank, the next two give the country and the two after that mark the location. For Monte Titoli S.P.A., the 8-character core is MOTIIT41.

XXX at the end of MOTIIT41XXX is not a missing value or an error: it stands for the head office of Monte Titoli S.P.A.. Some forms insist on 11 characters, and then you can enter XXX after MOTIIT41.

Do not add spaces when you type MOTIIT41 or MOTIIT41XXX. Copying the code is safer than typing it by hand, because one wrong letter changes the bank.