Ubi Pramerica Sgr SPA SWIFT/BIC code

Ubi Pramerica Sgr SPA SWIFT code: UBPSITM1

UBPSITM1 and UBPSITM1XXX are two spellings of the same bank identifier, and both point to Ubi Pramerica Sgr SPA in Milano. A SWIFT code shows the banks handling a payment which institution should receive the money, much like a postcode for banks. It comes up mostly for transfers between countries.

This page is meant to help people who receives money at an account at Ubi Pramerica Sgr SPA and wants to get the details right. A SWIFT code names a bank or branch, never a single account, which is why you always need the account number too.

How long does an international transfer to Ubi Pramerica Sgr SPA take?

There is no single delivery time for international payments: some land the same day or the next while others need several business days. Bank holidays in either country can add extra days, since banks do not process on those days. Extra checks on larger or unusual payments may also cause a delay, even when all details are correct.

A growing number of banks use SWIFT gpi, which lets them follow a payment from bank to bank. Every payment carries a unique transaction reference, the UETR. Money transfer services usually show tracking in their app showing how far the money is.

If the money does not arrive within the expected time, the sender should contact their own bank rather than Ubi Pramerica Sgr SPA. On the receiving end, it helps to check your account for a slightly lower amount, since fees may have been deducted.

What the XXX in UBPSITM1XXX means

A BIC is made up of fixed blocks: characters one to four stand for the bank, the next two give the country and the two after that mark the location. In this case, that core is UBPSITM1.

The 11-character version has a three-character extension for a branch or department. When those three characters are XXX, they simply mean the head office.

Do not add spaces or dashes when you type UBPSITM1. A wrong letter can send the money to a different institution, so check it twice.

About this information

This directory draws on public sources and is updated regularly. It can happen that information here is out of date after a merger or reorganisation. The number of codes on this page reflect what is in our directory.

Treat our directory on this page as a helpful check, and let the details from the recipient or Ubi Pramerica Sgr SPA have the final say. We are a comparison service for money transfers and not affiliated with Ubi Pramerica Sgr SPA. If you notice something that is out of date, we appreciate a short note.

International transfers from Ubi Pramerica Sgr SPA: the real cost

When you send money to another country from Ubi Pramerica Sgr SPA, the fee you see is rarely all of what you pay. You pay the fee for the transfer itself, sometimes fees charged by intermediary banks along the way and, above all, the exchange rate markup if the currency changes.

Most of the cost usually sits in the exchange rate, rather than in the fee: many banks convert at a rate with a margin built in. Check their rate with the mid-market rate. The difference is your real conversion cost.

For many routes, a transfer service is cheaper than a traditional bank transfer – mostly thanks to the rate. GoldexPay compares the amount that arrives across services, which makes the cheapest option easy to spot. Choosing a specialist does not mean closing your account at Ubi Pramerica Sgr SPA – you pay the provider from your own account.

What to give a sender who pays you at Ubi Pramerica Sgr SPA

To receive a transfer from abroad at Ubi Pramerica Sgr SPA, the person paying you has to have not just the BIC. Share the account holder’s name, the IBAN or account number, the BIC UBPSITM1XXX and your address.

You can include the bank name and its city as well. Check every detail before you send them – a sender rarely spots a mistake in someone else’s details.

An incoming payment will not always land in full. Correspondent banks can take a fee, Ubi Pramerica Sgr SPA may charge for incoming payments, and if the money is converted, a markup on the rate comes on top. On invoices, you can agree how the fees are split, so that nobody is left short.

Paying Ubi Pramerica Sgr SPA in euros within SEPA

Within the SEPA zone, euro transfers to Ubi Pramerica Sgr SPA follow common rules. The BIC field is usually optional or missing in that case.

You still need UBPSITM1XXX for non-euro payments or money from outside the SEPA area. If a payment form asks for the BIC anyway, entering UBPSITM1 does no harm.

SEPA transfers normally land by the next business day. Charges on SEPA payments tend to be low, as long as no currency conversion is involved.

Watch out for payment fraud

Be alert if someone unexpectedly asks you to send money to a different account. A real SWIFT code tells you nothing about whether the request is genuine – scammers simply use real codes.

Check new bank details via a different channel, such as a phone number you already know, never via the email that asked for the change. Urgency and requests to keep it quiet are red flags – a real supplier can wait a day. Already paid? Contact your bank without delay and have them start a recall; also report it to the police.

Recipients can be targeted as well: a classic trick is a buyer who pays too much and then sends a request to send back the difference abroad. Do not act before the money is actually in your account.

The Euro and what conversion costs you

Most accounts at Ubi Pramerica Sgr SPA are typically held in EUR, the local currency. A payment in a foreign currency is converted into EUR on its way to Ubi Pramerica Sgr SPA. There is rarely a separate line for that conversion; it is built into the rate.

Who converts the money matters. Sending the money directly in EUR often avoids an extra conversion at the receiving end.

Exchange rates change all the time, and some providers let you lock in a rate. For regular payments, small differences in the rate add up over time.

Is UBPSITM1 still correct? How to check

Have the recipient copy their bank details straight from their banking app. Check it against UBPSITM1 on this page.

An incorrect BIC may lead to a delay, a returned payment or extra fees along the way. A mistake in the account number can be a bigger problem, because the money may be credited to someone else; check it just as carefully.

Most online banking apps check the format of IBANs and sometimes look up the BIC automatically. More and more banks check the name against the account before you confirm – do not ignore a mismatch warning. A small test payment is a sensible step for large sums, even if it costs an extra fee.

Ubi Pramerica Sgr SPA: head office code versus branch codes

Our database contains 2 SWIFT/BIC codes for Ubi Pramerica Sgr SPA, spread over 1 locations. Next to the head office code UBPSITM1XXX, there are codes for branches, departments or specific services.

For most incoming transfers, the head office code UBPSITM1XXX works fine. A branch code only makes sense if the account holder specifically asks for it.

The best way is to copy the code directly from the recipient’s invoice. Branch codes are sometimes changed or retired over time.