SWIFT/BIC codes in Italy: banks starting with Y

SWIFT/BIC codes in Italy

Here you will find the SWIFT/BIC codes of 3414 institutions in Italy – 26259 codes altogether. You will need such a code mainly when making international transfers and for payments in a foreign currency.

Select a bank below to view the head office code and any branch codes, plus practical notes for sending and receiving money. Further down we explain how a code from Italy is put together, how to send money to Italy at a fair price and what to check before you pay.

Recognising a SWIFT code from Italy

Bank identifier codes use one international format: eight characters plus an optional three-character extension. Characters one to four identify the bank, characters five and six are the country code and the next two mark the location.

You can recognise a bank code from Italy from the fifth and sixth characters. A code with other letters in that position belong to a bank abroad – a quick way to catch mistakes.

The last three characters, if present, stand for a branch or department; XXX means the head office. Use a branch code just when the recipient’s bank asks for it.

Tracking a payment to Italy

There is no fixed answer for transfers to Italy: many land within a day while others need several business days. Bank holidays in Italy or in the sending country can add extra days, because banks do not process payments on those days.

Many banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Every gpi transfer carries a unique transaction reference, the UETR. Specialist transfer services usually show a status online, which makes it easier to see where the money is.

Which bank in Italy has the most codes?

Of all banks we list for Italy, Unicredit SPA has the largest number of SWIFT codes. The head office uses UNCRITM1001 – the code most transfers need.

The number of codes tells you something about how it organises its payments than about its size. Unless a branch code is given, UNCRITM1001 is fine for transfers to this bank.

What a sender needs to pay you in Italy

A sender in another country needs a few details from you. Give them your name as registered with the bank, your account number or IBAN, your bank’s SWIFT code and your address, which some banks require.

Look up your bank in the list on this page – your bank statement is the final word. Certain sending banks also ask for the name and address of your bank.

The amount you receive can be lower than what was sent. Intermediary banks may deduct a fee and your own bank may charge for processing, and when currencies differ, an exchange rate margin applies. Make clear with the sender who pays which costs, especially for larger amounts.

What a transfer to Italy really costs

The price of a transfer to Italy is made up of several parts – not only the fee you see. Besides a fixed fee, correspondent banks may take a cut, and when the money is converted the bank often uses a less favourable rate than the actual market rate.

That exchange rate margin tends to be the biggest cost item. Compare the bank’s rate against the mid-market rate that you find on financial sites.

For a lot of currency pairs, a specialist provider turns out to be cheaper than a bank, mainly because of the rate. On GoldexPay you can compare the amount that arrives in Italy across services, which makes the cheapest option easy to spot.

Paying in EUR: what conversion costs you

Italy uses the Euro, code EUR. When you pay money in a different currency, it gets converted at some point.

Who does the conversion affects the final amount, as rates and margins differ per bank. Check how much EUR arrives via several services; the difference between options can be larger than you expect. On larger amounts, even a small gap in the rate adds up quickly.

Paying in euros to Italy

Inside SEPA, euro payments to Italy use the same rules. The BIC field is often optional in that case.

You will still need the BIC when sending payments in other currencies or money from outside the SEPA area. Instant payments in euros have become increasingly supported within SEPA – check whether your bank supports them. Fees are generally low as long as everything stays in euros – conversion is what costs money.

How reliable is this list?

The most reliable source for the BIC is the recipient’s own bank details. When the code you were given does not match the code listed here, stop and ask – contact the recipient or their bank.

We collect bank codes from publicly available data and check them regularly. Institutions reorganise, close branches and retire codes, and no directory catches every change immediately. Treat this list as a starting point, not as the final word; the recipient’s bank details are leading. GoldexPay is a comparison service for money transfers and not part of any bank listed here.

Fraudsters often use fake invoices with new bank details. Always verify a change of bank details through a separate channel on a number you know.

Filter: banks in Italy with :letter

This page only shows banks in Italy beginning with :letter in alphabetical order. The counts in the introduction still cover the whole country and not only this selection.

Cannot find the bank? Its official name might start with a different letter. The full overview for Italy remains available when you cannot find the bank here.