SWIFT/BIC codes in San Marino

SWIFT/BIC codes in San Marino

On this page you find codes for 8 banks in San Marino – 52 codes altogether. A BIC shows every bank in the chain exactly which bank is meant to get an international payment.

Search for the recipient’s bank in the list and open its page for the full list of codes and what else a transfer requires. The sections below covers how the codes work, what transfers cost and the checks worth doing before you send money.

The largest SWIFT network in San Marino: Cassa di Risparmio Della Republica di San Marino

Of all banks we list for San Marino, Cassa di Risparmio Della Republica di San Marino is listed with the largest number of codes. The head office of Cassa di Risparmio Della Republica di San Marino uses CSSMSMSMXXX.

Many codes usually reflects separate codes for branches, departments or services. Unless the recipient asks for a branch, the head office code CSSMSMSMXXX works for transfers to this bank.

San Marino and the Euro

Most accounts in San Marino are usually held in EUR – the Euro. Money sent in a different currency will be exchanged into EUR before it reaches the account – and the bank that does it picks the rate.

Who does the conversion has an effect on the final amount, since every bank sets its own rate. In many cases it is cheaper if you send EUR straight away via a provider with a good rate rather than letting the receiving bank convert. Rates for EUR move all the time.

What a transfer to San Marino really costs

What you pay for a payment to San Marino is made up of more than one component, and the fee on your screen is only one of them. You pay the transfer fee, sometimes charges from intermediary banks and, most importantly, the exchange rate markup when currencies differ.

That exchange rate margin is often the largest cost item. A simple test: set the rate you get against the mid-market rate and look at the difference.

For a lot of currency pairs, a specialist provider is cheaper than a bank. GoldexPay lists transfer services next to each other, showing what actually arrives in San Marino before you commit.

Tracking a payment to San Marino

How quickly money reaches San Marino is determined by a few things: which currency you send, the number of banks in between, daily processing deadlines and time zones. Transfers sent late in the day or on a weekend or public holiday usually start the next business day.

Many banks use SWIFT gpi for faster and traceable payments. Every gpi transfer gets a unique reference, the UETR. Money transfer services often provide a status in their app so you can follow the payment.

Receiving money in San Marino from abroad

For an international payment in San Marino, the person paying you has to have not just the SWIFT code. In practice that means: your name as your bank knows it, your account number or IBAN, the BIC of your bank and sometimes your address.

Your bank’s code appears in the list on this page, yet the version on your own statement or in your banking app is leading. Certain sending banks also ask for the name and address of your bank; it does no harm to include it.

The amount you receive can be less than the amount sent. Fees for incoming transfers vary from bank to bank. For business payments, state how the fees are split.

How reliable is this list?

The safest source for a SWIFT code is the recipient’s own bank details: an invoice, a statement or their online banking. A wrong code may lead to delays, a returned payment or extra fees – compare it with the code in our list.

We collect bank codes using publicly available data and check our list regularly. Institutions reorganise, close branches and change codes – a directory can be a step behind. Use our data as a starting point; the recipient’s bank details are leading. GoldexPay is not a bank and has no link to the banks in this list.

Watch out for invoices containing a new account – a common fraud method. Before paying, confirm changed details through a separate channel, using a number you already had.

SEPA transfers to San Marino

Since San Marino is part of SEPA, a euro transfer to a bank in San Marino usually requires just an IBAN. Most banking apps do not require the BIC for these payments.

You will still need the BIC for payments in other currencies or money from outside the SEPA area. Instant payments in euros are increasingly supported across SEPA. Costs stay low provided no currency is converted – conversion is what costs money.

Recognising a SWIFT code from San Marino

A BIC is 8 or 11 characters long and follows a fixed pattern. It starts with a four-letter bank code, followed by two letters for the country and a two-character location code.

For banks in San Marino, characters five and six are the ISO country code of San Marino – that is the quickest way to spot one. When those two letters point to another country, you are looking at a bank in another country – worth double-checking.

When a code ends in XXX, it means the main office. Choose a branch code just if the recipient explicitly gives you one.