Rolosim SWIFT/BIC code

SWIFT/BIC code of Rolosim

The 8-character code RSIMIT21 and the full code RSIMIT21XXX identify one and the same institution: Rolosim in Anzola Dell'emilia, Italy. Every bank on the SWIFT network uses BIC codes to route international transfers to the right bank. In daily life you mostly come across the code on international invoices, in your banking app and on the account details of Rolosim customers.

We wrote this page to help people who receives money at an account at Rolosim. The BIC identifies a bank or branch, never a single account, which is why you always need the account number too.

Verifying the SWIFT code of Rolosim

The best place to find the right code remains a document from the bank itself, such as a statement or the account details in online banking. If the code you have does not match RSIMIT21 or RSIMIT21XXX, stop and ask – contact the recipient or Rolosim.

If the code is wrong, the payment might be delayed, be returned or end up costing more, and tracing it can take weeks. Remember the IBAN: a mistake there can be more difficult to undo than a wrong code.

Many banking apps validate the format of an IBAN. If your bank offers it, a payee name check on the recipient adds extra certainty. A small test payment is a sensible step for large sums despite the extra fee.

Euro transfers to Rolosim: is a BIC needed?

Within the SEPA zone, euro payments to Rolosim follow the same rules. The BIC field is often optional in that case.

You still need RSIMIT21XXX for non-euro payments or transfers from countries outside SEPA. If a payment form asks for the BIC regardless, adding RSIMIT21 is fine.

Instant payments in euros are widely supported within SEPA; check with Rolosim whether it applies to your account. As long as no currency is converted, a SEPA transfer tends to be inexpensive.

Rolosim: head office code versus branch codes

Rolosim has 2 different SWIFT/BIC codes across 2 cities. One of them is the head office code, RSIMIT21XXX; the rest identify branches.

For the vast majority of payments to a private or business account, the head office code RSIMIT21XXX works fine. When you receive a branch code, stick to it rather than swapping it with the head office code.

Unsure which code applies? Check with the recipient or the bank itself. Codes are sometimes changed or retired when banks reorganise, so a code from an old document is not always valid.

About this information

The details here are taken from publicly available data. It can happen that information here is out of date after a merger or reorganisation. Figures such as the number of codes come from our own dataset and are not confirmed by Rolosim.

Treat our directory here as a handy check. We are an independent comparison site for money transfers and not affiliated with Rolosim. If you notice a mistake, we appreciate a short note.

Paying into Rolosim in EUR

Italy uses the Euro, with the currency code EUR. If you send money in a different currency, the amount has to be converted somewhere along the way – by your bank, by Rolosim or by a bank in between. Every conversion costs something, even when no fee is shown.

Which bank converts the money makes a difference: every bank has its own margin. Often you pay less if you send EUR directly via a transfer service with a good rate.

The EUR rate fluctuates constantly, so the amount you see is usually only valid for a short time. With bigger transfers, a small gap in the rate adds up quickly.

Paying someone abroad from your Rolosim account

If you transfer money abroad via Rolosim, the fee you see is rarely all of what you pay. You pay the transfer fee, possibly charges from correspondent banks along the way and, above all, the margin on the exchange rate when the money is converted.

The markup on the rate tends to be the largest cost, and it is easy to miss. An easy check: put the rate you get next to the mid-market rate for the same moment and look at the difference.

For a lot of routes, a transfer service is cheaper than a bank. 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 use your account at Rolosim to fund the transfer; only the conversion and sending happen elsewhere.

8 or 11 characters: RSIMIT21 versus RSIMIT21XXX

Each SWIFT/BIC code starts with an 8-character core: four letters for the bank, two letters for the country and two characters for the location. That gives you RSIMIT21, the short form of the code.

The 11-character version has three more characters that identify a branch or department. When those three characters are XXX, the code points to the head office.

As a rule the code is typed in capitals and without spaces. Watch for the letter O and the digit 0 or I versus 1.

How long does an international transfer to Rolosim take?

An international transfer typically needs anywhere from one to several business days, depending on the currency, the route and the banks involved. Payments made late in the day or on a weekend or public holiday usually go out the next business day. Sometimes a bank wants to know what the payment is for, which can hold things up.

If the money seems late, contact your bank about the tracking status so they can trace it along the chain. Specialist transfer services usually provide tracking online so you can see where the payment has got.

The bank that sent the money is able to request a trace. As a recipient, you can look at your statements to see a partial amount because fees can reduce the amount.

Getting paid from abroad into a Rolosim account

When you expect a payment from another country, send the payer a complete set of details. Give them your name as the bank knows it, your account number or IBAN, the BIC RSIMIT21XXX and your address.

The sender’s bank may request the bank address of Rolosim, in which case the Anzola Dell'emilia head office is the usual answer. A typo in your account number can be harder to fix than it looks, so copy the details from your online banking.

Money from abroad does not always land for the full amount. Intermediary banks may deduct a fee, and if the currency changes, a markup on the rate comes on top. Make clear with the sender who covers the fees before the money is sent.

Protect yourself against fake payment requests

Criminals regularly use payment requests with new bank details sent from what looks like a familiar address. The fact that RSIMIT21 exists does not mean that the account is legitimate; criminals use the codes of real banks too.

Never rely on a phone number from the same email that contains the change. Be suspicious of urgent requests, odd spelling or an email address that differs by one letter. When a payment has already gone to a fraudster, contact your bank immediately: the sooner they act, the better the chance of a recall.

Recipients are targeted too: one known trick is an overpayment and then sends a request to send back the difference. A screenshot of a transfer proves nothing.