Unicredit S.P.A. SWIFT/BIC code

UNCRITMM – the SWIFT/BIC code of Unicredit S.P.A.

The 8-character code UNCRITMM and the full code UNCRITMMXXX refer to one and the same institution: Unicredit S.P.A.. Every bank on the SWIFT network uses these codes to direct payments between countries to the right institution. In daily life you mostly come across the code on invoices from abroad, in payment forms and on the account details of Unicredit S.P.A. customers.

Below you will find the practical side: money coming in from abroad, sending money abroad and how to verify a SWIFT code before you hit send. A SWIFT code identifies a bank or branch, never a specific account.

Unicredit S.P.A.: head office code versus branch codes

Unicredit S.P.A. uses 17 different SWIFT/BIC codes across 7 cities. Only one is the head office code; the others identify branches, and sometimes internal departments.

For the vast majority of incoming transfers, the head office code UNCRITMMXXX is the right choice. Only use a branch code when the account holder explicitly asks for it, for example on an invoice or in their bank details.

Unsure which code applies? Check with the recipient. Codes for branches are more likely to be retired than the head office code when a bank merges or closes offices.

Transfer times and tracking a payment to Unicredit S.P.A.

A SWIFT payment usually needs one to a few business days – it depends on currency, route and the banks in between. Weekends and public holidays in either country add extra days. Compliance checks on larger or unusual payments may also cause a delay, even when all details are correct.

If the money is delayed, contact the sending bank for the tracking status and the transaction reference so they can trace it along the chain. Keep the payment confirmation; it contains the details a bank needs to start a trace.

A missing payment has to be investigated from the sending side on the basis of the transfer details. Request from the sender a copy of the payment confirmation – it helps your own bank look for the money.

Paying into Unicredit S.P.A. in EUR

The local currency of Italy is the Euro (EUR). When you pay money in a different currency gets converted at some point: by your bank, an intermediary or Unicredit S.P.A. itself. There is rarely a separate line for that conversion; it is built into the rate.

Which bank converts the money makes a difference: every bank has its own margin. Sending the money directly in EUR usually avoids a second conversion at the receiving end – as long as your own rate is good.

Exchange rates move all the time, and some providers let you lock in a rate. On larger amounts, even seemingly small gap in the rate can be worth more than the fee.

Watch out for payment fraud

Be alert if a contact suddenly wants you to send money to a different account abroad. A correct SWIFT code tells you nothing about whether the request is genuine: scammers use real codes of real banks.

Always verify changed bank details through a phone call. Pressure or requests to keep it quiet tend to be red flags. When a payment was sent to the wrong account, contact your bank immediately – speed improves the chance of getting it back.

Fraud can also target the receiver. Someone claims to have sent more than agreed and asks you to refund the extra. A screenshot of a transfer proves nothing; only your own account shows what has arrived.

Where our SWIFT data comes from

This directory is based on publicly available sources and we update it periodically. It can happen that a code here is no longer current. The figures we show are based on our own data and not on information from Unicredit S.P.A. itself.

Before any payment that matters, always confirm the BIC with Unicredit S.P.A. or with the recipient. We are a comparison service and not part of Unicredit S.P.A.. Spotted an error? Let us know through the contact page.

Is UNCRITMM still correct? How to check

Ask the recipient to copy their account details straight from their banking app. When the code you were given does not match UNCRITMM or UNCRITMMXXX, stop and ask: check with the recipient or with Unicredit S.P.A. directly.

If the code is wrong, the payment might be delayed, be returned or cost extra. Remember the IBAN: a mistake there can be more difficult to correct than a wrong BIC.

An automatic check in your banking app merely tells you that the code is valid – not that it belongs to the person you mean to pay. Some banks now check the payee name against the account – do not ignore a mismatch warning. A small test payment is a sensible step for large sums, even if it costs an extra fee.

UNCRITMM or UNCRITMMXXX – which one to use?

The layout of a BIC never changes: a bank code of four letters, two for the country and a two-character location code, sometimes followed by a branch code. For Unicredit S.P.A., that core is UNCRITMM.

Many banks and apps accept both lengths. If a form asks for eleven characters, enter UNCRITMMXXX, otherwise UNCRITMM is fine.

Enter the code in one piece, in upper case and without separators, exactly as shown here. A wrong letter can send a payment to another bank, so check it twice.

Getting paid from abroad into a Unicredit S.P.A. account

If you are waiting for money from abroad, give the sender everything they need in one go. Give them the account holder’s name, the IBAN or account number, SWIFT code UNCRITMMXXX and your address, which some banks require.

Some sending banks want the bank’s address; it does no harm to include it. Double-check each detail before you share them.

What lands in your account can be less than what was sent. Charges on incoming payments differ from bank to bank – the price list of Unicredit S.P.A. tells you what applies. Make clear with the sender who covers the fees before the money is sent.

Euro transfers to Unicredit S.P.A.: is a BIC needed?

Because Italy is in the SEPA zone, a euro payment to Unicredit S.P.A. from another SEPA country usually requires just the IBAN. Most banking apps no longer ask for the BIC in that case.

For anything other than euros and from non-SEPA countries, UNCRITMMXXX or UNCRITMM is still required. If a payment form asks for the BIC anyway, entering UNCRITMM does no harm.

Instant euro transfers are increasingly available within SEPA – whether Unicredit S.P.A. offers them for your account is worth checking. Charges on SEPA transfers tend to be low as long as everything stays in euros.

Sending money abroad from Unicredit S.P.A.

If you transfer money to another country from Unicredit S.P.A., the fee you see is only part of the cost. Besides a fixed fee, correspondent or intermediary banks may deduct a fee, and if currencies are converted, the bank usually applies a rate that is less favourable than the actual market rate.

The real cost is often in the rate: many banks convert at a rate with a margin built in. Check the rate you are offered with the mid-market rate.

Specialised transfer providers frequently use a rate near the mid-market rate. GoldexPay compares the amount that arrives with different providers, so you can pick the cheapest route. Using a transfer service does not mean closing your account at Unicredit S.P.A.: you simply pay the service from your account.