Ubi Banca SPA (Formerly Banca Popolare Commercio Eindustria S.P.A.) SWIFT/BIC code

POCIITM1 – the SWIFT/BIC code of Ubi Banca SPA (Formerly Banca Popolare Commercio Eindustria S.P.A.)

If an invoice shows POCIITM1 or POCIITM1XXX, it is the same identifier for Ubi Banca SPA (Formerly Banca Popolare Commercio Eindustria S.P.A.) in Italy. A SWIFT code tells the banks handling a payment which institution should receive the money. In practice you mostly come across the code on international invoices, in your banking app and on the account details of Ubi Banca SPA (Formerly Banca Popolare Commercio Eindustria S.P.A.) customers.

On this page you will find how the code means, when it matters and which other details a transfer to or from Ubi Banca SPA (Formerly Banca Popolare Commercio Eindustria S.P.A.) requires. Remember that the BIC only identifies the bank, not the account: the IBAN or account number takes care of that.

Sending EUR to Ubi Banca SPA (Formerly Banca Popolare Commercio Eindustria S.P.A.)

Italy pays in the Euro, code EUR. Money sent in a different currency is exchanged into EUR before it reaches the account, and whoever converts it chooses the rate. There is rarely a separate charge for that conversion; it is built into the rate.

Who converts the money matters: every bank has its own margin. Check what EUR arrives with several services; the difference between options can be larger than you expect.

Exchange rates move during the day – some services let you fix a rate in advance. On larger amounts, a small gap in the rate adds up quickly.

When will the money arrive at Ubi Banca SPA (Formerly Banca Popolare Commercio Eindustria S.P.A.)?

A SWIFT payment usually needs anywhere from one to several business days – it depends on currency, route and the banks in between. Bank holidays in the sending or receiving country add a day or more. Occasionally a bank wants to know about the purpose of a payment.

Many banks are connected to SWIFT gpi. Every payment gets a unique transaction reference, the UETR. Specialist transfer services often show a status in their app so you can see where the money is.

If a payment has not arrived within the expected time, the sender should contact the bank that sent it. Request from the sender a copy of the payment confirmation including the reference; that often settles the question quickly.

Where our SWIFT data comes from

This directory is compiled from publicly available sources and we update it periodically. Even so, banks merge or change codes, so information can be out of date. The figures we show reflect our own data, not official figures from Ubi Banca SPA (Formerly Banca Popolare Commercio Eindustria S.P.A.).

Treat this page as a starting point, not as the last word – the bank details from the recipient are leading. GoldexPay is not affiliated with Ubi Banca SPA (Formerly Banca Popolare Commercio Eindustria S.P.A.), we only compare transfer services. If you notice a mistake, we welcome a message.

8 or 11 characters: POCIITM1 versus POCIITM1XXX

Every SWIFT/BIC code has an 8-character core: four letters for the bank, two letters for the country and a two-character location code. The result is POCIITM1, the short form of the code.

Most payment forms work with both lengths. If a form requires eleven characters, use POCIITM1XXX; if it wants eight, use POCIITM1.

In practice the code is typed in capitals and without spaces. Watch for O versus 0 and I versus 1, a common source of typos.

Paying Ubi Banca SPA (Formerly Banca Popolare Commercio Eindustria S.P.A.) in euros within SEPA

Since Italy is part of SEPA, a euro transfer to Ubi Banca SPA (Formerly Banca Popolare Commercio Eindustria S.P.A.) from another SEPA country usually requires just the IBAN. Most banking apps no longer ask for the BIC in that case.

The BIC still come into play for payments in other currencies. If a payment form asks for the BIC regardless, entering POCIITM1 does no harm.

Instant payments in euros have become widely supported within SEPA. Charges on SEPA payments are generally low as long as everything stays in euros.

Getting paid from abroad into a Ubi Banca SPA (Formerly Banca Popolare Commercio Eindustria S.P.A.) account

If you expect money from abroad, give the sender everything they need in one go. What they need is: your name, IBAN or account number, POCIITM1XXX or POCIITM1 and in many cases your postal address.

Some sending banks also ask for the name and address of Ubi Banca SPA (Formerly Banca Popolare Commercio Eindustria S.P.A.); it does no harm to include it. A mistake in the IBAN is harder to fix than you might think.

Expect that the incoming amount is below what the sender paid. Intermediary banks may deduct a fee, Ubi Banca SPA (Formerly Banca Popolare Commercio Eindustria S.P.A.) may charge for incoming payments, and if the currency changes, a markup on the rate applies. Agree with the sender who covers the fees before the money is sent.

Protect yourself against fake payment requests

Fraudsters regularly send fake invoices containing changed bank details. That POCIITM1 is a real code does not mean that a request mentioning it is genuine.

Do not trust a phone number in the same message that contains the change. Pressure or requests to keep it quiet tend to be warning signs – a real supplier can wait a day. Already paid? Call your bank straight away and have them start a recall.

People receiving money can be targeted as well: a classic trick is a buyer who pays too much followed by a request to refund the difference abroad. Wait until the money has really arrived – ask Ubi Banca SPA (Formerly Banca Popolare Commercio Eindustria S.P.A.) if something looks wrong.

Ubi Banca SPA (Formerly Banca Popolare Commercio Eindustria S.P.A.): head office code versus branch codes

Ubi Banca SPA (Formerly Banca Popolare Commercio Eindustria S.P.A.) has 177 separate SWIFT/BIC codes. One of them is the head office code, POCIITM1XXX; the rest identify branches, and sometimes internal departments.

If nobody asks you for a branch code, go with POCIITM1XXX. Just use a branch code when the account holder gives you that exact code.

Unsure which code to use? Check with the recipient or the bank itself. Codes can change when banks reorganise.

What a transfer from Ubi Banca SPA (Formerly Banca Popolare Commercio Eindustria S.P.A.) abroad really costs

When you transfer money abroad via Ubi Banca SPA (Formerly Banca Popolare Commercio Eindustria S.P.A.), the visible fee is only part of the cost. On top of a fixed fee, correspondent or intermediary banks can take a cut, and when the money changes currency the bank usually uses a rate that is less favourable than the actual market rate.

Many banks rarely list the margin on the rate separately – you only notice it if you compare. Check the rate you are offered against the mid-market rate, the midpoint between buy and sell rates you see on financial sites. The difference is your real conversion cost.

For a lot of currency pairs, a specialist provider turns out to be cheaper than a bank, mainly because of the exchange rate. GoldexPay lists transfer providers side by side, showing what actually arrives before you commit. You can still use your account at Ubi Banca SPA (Formerly Banca Popolare Commercio Eindustria S.P.A.) as the source of the money.

Verifying the SWIFT code of Ubi Banca SPA (Formerly Banca Popolare Commercio Eindustria S.P.A.)

Ask the recipient to copy the bank details directly from a recent statement. Check it with POCIITM1 here.

If the code is wrong, the transfer may be delayed, bounce back or cost extra – sometimes after weeks of searching. A mistake in the IBAN or account number is more serious, so check that just as carefully.

An automatic check in your banking app merely confirms that the code exists, not that it is the right account. Where available, a name check on the recipient gives an extra layer of safety. Sending a small amount first can be worth it for large sums.