Telecom Italia SPA SWIFT/BIC code

Telecom Italia SPA SWIFT code: TLITITMM

TLITITMM and TLITITMMXXX are the short and the long form of the same bank identifier, and both point to Telecom Italia SPA in Milano. A BIC has a single purpose: it ensures that money from abroad ends up at the right bank. You will need it mainly when dealing with transfers between countries.

We wrote this page to help people who sends money to an account at Telecom Italia SPA and wants to get the details right. A SWIFT code identifies an institution, never a single account.

Telecom Italia SPA: head office code versus branch codes

Our directory lists 2 SWIFT/BIC codes for Telecom Italia SPA in 2 cities. Besides the head office code TLITITMMXXX, there are codes for individual branches and departments.

Usually you do not need to look up a branch: payments addressed to TLITITMMXXX are routed within Telecom Italia SPA without problems. When you receive a specific code, use it as it is rather than replacing it with the head office code.

If you are not sure, ask the person you are paying which code their bank gave them. Branch codes can change over time, so a code from an old document is not always valid.

Getting paid from abroad into a Telecom Italia SPA account

To receive an international payment into your account at Telecom Italia SPA, the person paying you needs more than the SWIFT code. What they need is: your name, account number or IBAN, TLITITMMXXX or TLITITMM and often your home address.

You can include Telecom Italia SPA and Milano too, since some forms ask for it. Check the details before you send them, because the sender’s bank usually copies them as is.

The amount you receive can be lower than what was sent. Correspondent banks can take a fee, Telecom Italia SPA may charge for incoming payments, and if the money is converted, a markup on the rate applies. For business payments, you can state how the fees are split.

When will the money arrive at Telecom Italia SPA?

There is no fixed answer: many land the same day or the next while others need several business days. Bank holidays in the sending or receiving country can add extra days. Sometimes a bank asks what the payment is for.

When a payment takes longer than expected, contact the sending bank for the tracking status; with that reference banks can see where the payment is. Save the payment confirmation until the recipient confirms.

Only the sending bank is able to start an official trace or a recall; the receiving side usually has nothing to trace yet. Request from the sender a copy of the payment confirmation; that often settles the question quickly.

The Euro and what conversion costs you

Accounts at Telecom Italia SPA are typically held in EUR, the local currency of Italy. Money sent in a different currency will be converted into EUR, and whoever converts it chooses the rate. There is rarely a separate line for the conversion – the cost sits in the rate.

Who does the conversion affects how much arrives, as rates and margins differ per bank. Check how much EUR arrives via several services.

The rate for EUR changes throughout the day. On larger amounts, even small gap in the rate adds up quickly.

8 or 11 characters: TLITITMM versus TLITITMMXXX

The layout of every SWIFT code is always the same: a bank code of four letters, two for the country and a two-character location code, plus an optional branch code. Combined, these eight characters form TLITITMM – the version you usually see online.

Many payment forms work with either length. If yours requires eleven characters, enter TLITITMMXXX; if it wants eight, use TLITITMM.

Type the code in one piece, in upper case and without separators. Watch for O versus 0 or the letter I and the digit 1, a common source of typos.

What a transfer from Telecom Italia SPA abroad really costs

The price of a payment abroad has more than one component. Besides a fixed fee, correspondent or intermediary banks can deduct a fee, and if currencies are converted, the bank often uses a rate that is less favourable than the actual market rate.

The markup on the rate tends to be the biggest item even though it is not listed as a fee. Check the rate you are offered with the mid-market rate. The difference is your real conversion cost.

Specialist money transfer services frequently use a rate near the mid-market rate and lower fees. On GoldexPay you can compare the amount that arrives with different providers, which makes the cheapest option easy to spot. You can always use your account at Telecom Italia SPA as the source of the money.

Is TLITITMM still correct? How to check

Have the recipient send you the account details straight from their banking app. Check it with TLITITMM here.

An incorrect BIC may lead to delays, a returned payment or additional charges. An error in the IBAN or account number is more serious.

An automatic check in your banking app only tells you that the IBAN exists – not that it belongs to the person you mean to pay. If your bank offers it, a name check on the recipient gives extra certainty. A small test payment is a sensible step for large sums, even if it costs an extra fee.

Protect yourself against fake payment requests

One of the most common tricks goes like this: an email arrives with a message saying that a supplier now has a new bank account. The fact that TLITITMM exists is no guarantee that a request mentioning it is genuine – fraudsters use real bank codes as well.

Always verify changed bank details by phone on a number you know, not one from the message. Pressure and requests to keep it quiet tend to be red flags; a genuine business can wait for you to check. Acted too fast? Call the bank you paid from without delay and have them try to recall the payment and report the fraud.

Recipients can be targeted as well: a classic trick is an overpayment and then sends a request to refund the difference abroad. A screenshot of a transfer proves nothing – check your own account.

How up to date is this code?

We collect SWIFT/BIC codes from publicly available data and check them regularly. Still, banks merge or retire codes and our data may lag behind. The figures we show are based on what is in our directory and not on information from Telecom Italia SPA itself.

Treat our directory here as a helpful check, and let the details from the recipient or Telecom Italia SPA have the final say. We are an independent comparison site for money transfers and not part of Telecom Italia SPA. Found an error? Let us know through the contact page.

Euro transfers to Telecom Italia SPA: is a BIC needed?

Italy belongs to the Single Euro Payments Area (SEPA), where euro transfers follow common rules. For a standard euro transfer from another SEPA country, you normally only need the IBAN; many banks no longer ask for the BIC.

You still need TLITITMMXXX when sending non-euro payments or money from outside the SEPA area. A few banks and apps also show a field for the BIC; in that case, enter TLITITMM or TLITITMMXXX.

Instant euro transfers are increasingly available within SEPA; check with Telecom Italia SPA whether it applies to your account. Charges on SEPA payments tend to be low, as long as no currency conversion is involved.