Ubi Banca SPA (Formerly Banca Regionale Europea S.P.A.) SWIFT/BIC code

Ubi Banca SPA (Formerly Banca Regionale Europea S.P.A.) SWIFT code: BREUITM1

The 8-character code BREUITM1 and the full code BREUITM1XXX refer to the same bank: Ubi Banca SPA (Formerly Banca Regionale Europea S.P.A.) in Bergamo, Italy. Banks worldwide use these codes to route payments between countries to the right institution. You will need it mainly for payments that cross a border or a currency.

We wrote this page to help people who pays into an account at Ubi Banca SPA (Formerly Banca Regionale Europea S.P.A.) without mistakes. The SWIFT code alone cannot identify an individual account holder; for that you need the account number or IBAN is for.

Receiving money from abroad at Ubi Banca SPA (Formerly Banca Regionale Europea S.P.A.)

When you are waiting for a payment from another country, give the sender a complete set of details. That means: your name as registered with Ubi Banca SPA (Formerly Banca Regionale Europea S.P.A.), your IBAN or account number, the SWIFT/BIC code BREUITM1XXX (or BREUITM1) and usually your address.

You can add Ubi Banca SPA (Formerly Banca Regionale Europea S.P.A.) and its city too. A mistake in your account number can be harder to fix than you might think, so copy the details from your online banking.

What lands in your account can be lower than the amount sent. Correspondent banks can take a fee, Ubi Banca SPA (Formerly Banca Regionale Europea S.P.A.) may charge for incoming payments, and if the currency changes, a markup on the rate applies. Agree with the sender who pays which costs before the money is sent.

Verifying the SWIFT code of Ubi Banca SPA (Formerly Banca Regionale Europea S.P.A.)

The most reliable place for the right code is paperwork issued by the bank like a bank statement or the account page in online banking. Compare that code against BREUITM1 on this page; if they differ, ask before you pay.

A wrong SWIFT code can cause a delay, a returned payment or extra fees. Remember the account number: an error there is more difficult to undo than a wrong code.

Many banking apps check the format of an IBAN and some suggest the matching BIC – that confirms the format, not the owner. Some banks now check the name with the account before you confirm – do not ignore a mismatch warning. A small test payment is worth it for large sums despite the extra fee.

SEPA payments and the Ubi Banca SPA (Formerly Banca Regionale Europea S.P.A.) BIC

Because Italy is in SEPA, a euro transfer into Ubi Banca SPA (Formerly Banca Regionale Europea S.P.A.) from another SEPA country normally only needs an IBAN. Most banking apps do not require the BIC in that case or fill it in for you.

You will still need BREUITM1XXX for non-euro payments or transfers from countries outside SEPA. If a payment form asks for the BIC anyway, entering BREUITM1 does no harm.

Euro payments within SEPA normally land within one business day, and instant transfers in seconds where both banks support them. Provided the payment stays in euros, the transfer is inexpensive; costs rise once a conversion is involved.

A note on our data

The directory on GoldexPay draws on publicly available sources and we update it periodically. Still, banks merge or retire codes and our data may lag behind. Figures such as the number of codes are from our directory and are not confirmed by Ubi Banca SPA (Formerly Banca Regionale Europea S.P.A.).

Treat our directory here as a helpful check. GoldexPay is not affiliated with Ubi Banca SPA (Formerly Banca Regionale Europea S.P.A.), we only compare transfer services. Found outdated information? Let us know via our contact form so we can correct it.

What the XXX in BREUITM1XXX means

Each SWIFT/BIC code has the same eight core characters: four letters for the bank, a two-letter country code and a two-character location code. For Ubi Banca SPA (Formerly Banca Regionale Europea S.P.A.), that core is BREUITM1.

XXX at the end of BREUITM1XXX is not a placeholder or an error: it indicates the head office of Ubi Banca SPA (Formerly Banca Regionale Europea S.P.A.). Some banking apps insist on 11 characters, and then you can enter XXX behind BREUITM1.

In practice the code is typed in capitals, without spaces or dashes. Look out for O versus 0 and I versus 1; they are easy to mix up.

Which of the 157 codes of Ubi Banca SPA (Formerly Banca Regionale Europea S.P.A.) do you need?

Our directory lists 157 SWIFT/BIC codes for Ubi Banca SPA (Formerly Banca Regionale Europea S.P.A.). Besides the head office code BREUITM1XXX, you will find codes for regional offices and specialised units.

Usually you do not need to look up a branch: transfers sent to BREUITM1XXX reach Ubi Banca SPA (Formerly Banca Regionale Europea S.P.A.) without problems. 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 look at a recent statement from Ubi Banca SPA (Formerly Banca Regionale Europea S.P.A.). Branch codes can change over time, so a code from an old document is not always valid.

Sending money abroad from Ubi Banca SPA (Formerly Banca Regionale Europea S.P.A.)

What you pay for a payment abroad has several parts. There is the fee for the transfer itself, possibly fees charged by intermediary banks along the way and, above all, the exchange rate markup when the money is converted.

The real cost is often in the rate, not in the fee: many banks convert at a rate that includes a margin. Compare the rate you are offered with the mid-market rate. The difference is your real conversion cost.

Money transfer services often offer rates closer to the mid-market rate. Before your next transfer, it is worth comparing what arrives on GoldexPay instead of going straight to your bank. You can still keep your account at Ubi Banca SPA (Formerly Banca Regionale Europea S.P.A.) as the source of the money; only the conversion and sending happen elsewhere.

Scams that use SWIFT codes

Stay wary when a contact suddenly asks you to pay into a different account abroad. A valid SWIFT code tells you nothing about whether the request is genuine.

Verify new payment details via a separate channel, such as a phone number you already know, never via the email that asked for the change. Watch out for urgent requests, unusual wording or an email address that differs by one letter. Already paid? Call the bank you paid from without delay and have them try to recall the payment and report the fraud.

Fraud can also work the other way. Someone sends more than agreed and wants you to return the extra. A payment confirmation from the sender is no proof; only your own account shows what has arrived.

The Euro and what conversion costs you

Most accounts at Ubi Banca SPA (Formerly Banca Regionale Europea S.P.A.) are typically held in EUR, the local currency of Italy. When you pay another currency, the amount has to be converted somewhere along the way. You rarely see a separate line for that conversion; it is built into the rate.

Which bank converts the money matters: every bank has its own margin. Transferring the amount directly in EUR often prevents a second conversion – as long as your own rate is good.

The EUR rate fluctuates constantly. For recurring payments, small differences in the rate add up over time.

Tracking a transfer to or from Ubi Banca SPA (Formerly Banca Regionale Europea S.P.A.)

An international transfer typically takes anywhere from one to several business days. Bank holidays in the sending or receiving country add a day or more. Occasionally a bank wants to know what the payment is for before releasing it.

If a transfer is delayed, contact the sending bank about the status and the transaction reference so they can trace it along the chain. Money transfer services usually show tracking in their app so you can see where the money has got.

A delayed transfer is traced by the sending bank. Request from the sender a copy of the payment confirmation with the date and reference – it helps your own bank look for the money.