Banca di San Marino SPA SWIFT/BIC code

MAOISMSM – the SWIFT/BIC code of Banca di San Marino SPA

MAOISMSM and MAOISMSMXXX are two ways of writing the same bank identifier, and both point to Banca di San Marino SPA in Faetano. Banks worldwide use these codes to direct payments between countries to the right institution. In practice you usually see it on international invoices, in payment forms and on the account details of Banca di San Marino SPA customers.

On this page you will find how the code is put together, when you need it and what else you need for a transfer to or from Banca di San Marino SPA. The SWIFT code on its own cannot identify a personal account; for that you need the IBAN or account number is for.

Is MAOISMSM still correct? How to check

Have the recipient copy the bank details straight from their online banking. If the code you have differs from MAOISMSM or MAOISMSMXXX, stop and ask.

With a wrong code, the transfer may get stuck, bounce back or cost extra. An error in the IBAN or account number can be a bigger problem because it can reach the wrong person; check it just as carefully.

An automatic check by your bank merely tells you that the IBAN is valid, not that it is the right account. More and more banks check the payee name with the account before you confirm. Sending a small amount first is a sensible step for large sums.

The Euro and what conversion costs you

Accounts at Banca di San Marino SPA are typically held in EUR, the national currency of San Marino. A payment in a foreign currency will be converted into EUR before it reaches the account. You rarely see a separate charge for the conversion; it is built into the rate.

Who converts the payment makes a difference, because each party uses its own rate. Often it is cheaper to send EUR directly via a transfer service with a good rate rather than letting the receiving bank convert.

The rate for EUR fluctuates throughout the day. On larger amounts, a small difference in the rate adds up quickly.

Getting paid from abroad into a Banca di San Marino SPA account

If you expect a payment from another country, give the sender all details at once. The basics are: your name, account number or IBAN, MAOISMSMXXX or MAOISMSM and, for some countries, your postal address.

Certain banks also ask for the bank’s address in Faetano, so keep it at hand. Double-check each detail before you share them, because the sender’s bank usually copies them as is.

Do not be surprised if the amount credited is smaller than what the sender paid. Intermediary banks may deduct a fee, Banca di San Marino SPA may charge for incoming payments, and when currencies differ, an exchange rate margin applies. Make clear with the sender who covers the fees before the money is sent.

Where our SWIFT data comes from

This directory is compiled from publicly available sources. It can happen that information here is no longer current after a merger or reorganisation. Figures such as the number of codes come from our directory.

Before any payment of any size, check the BIC with Banca di San Marino SPA or the recipient. We are an independent comparison site and not part of Banca di San Marino SPA. Should you notice something that is out of date, we welcome a short note.

What the XXX in MAOISMSMXXX means

The structure of every SWIFT code never changes: a bank code of four letters, a two-letter country code and a two-character location code, plus an optional branch code. The result is MAOISMSM, the short form of the code.

Many payment forms accept either length. If a form requires eleven characters, enter MAOISMSMXXX; if it wants eight, use MAOISMSM.

As a rule the code is written in capitals, without spaces or dashes. A single letter can send a payment to a different institution, so check it twice.

Paying someone abroad from your Banca di San Marino SPA account

What you pay for a payment abroad is made up of more than one component – not just the fee on your screen. Besides a fixed fee, correspondent or intermediary banks may deduct a fee, and when currencies are converted, the bank usually applies a rate that is less favourable than the actual market rate.

The markup on the rate tends to be the biggest item even though it is not listed as a fee. A simple test: put the rate you get against the mid-market rate and work out the difference on your amount.

Specialist money transfer services frequently offer a rate near the mid-market rate with clearer fees. GoldexPay compares what recipients receive across providers, which makes the cheapest option easy to spot. You can still use your account at Banca di San Marino SPA to fund the transfer, while a cheaper service handles the conversion.

Euro transfers to Banca di San Marino SPA: is a BIC needed?

Because San Marino is part of SEPA, a euro payment into Banca di San Marino SPA from within the SEPA area usually requires just the IBAN. Many banks do not require the BIC in that case or fill it in for you.

Outside the euro and for senders outside SEPA, MAOISMSMXXX or MAOISMSM is still required. If your banking app asks for the BIC regardless, entering MAOISMSM does no harm.

Euro payments within SEPA normally land within one business day; instant payments are faster if both banks offer them. Fees for SEPA transfers are generally low as long as everything stays in euros.

Changed bank details? Be careful

Stay alert when someone unexpectedly wants you to send money to another account. The fact that MAOISMSM exists does not mean that a request mentioning it is genuine – fraudsters use real bank codes as well.

Do not rely on contact details in the same message that contains the new account. Be suspicious of time pressure, odd spelling or a sender address that is slightly off. When money was sent to a fraudster, contact your bank immediately: the sooner they act, the better the chance of a recall.

People receiving money are targeted too: one known trick is an overpayment followed by a request to send back the difference. Wait until the money has really arrived and check with Banca di San Marino SPA if anything seems off.

Tracking a transfer to or from Banca di San Marino SPA

A SWIFT payment usually needs one to a few business days – it depends on currency, route and the banks in between. Bank holidays in either country can add extra days to the journey. Occasionally a bank wants to know what the payment is for, which can hold things up.

Many banks use SWIFT gpi. Every payment gets a unique reference, the UETR, which your bank can use to see where the money is. Keep your transfer receipt – you will need it for any trace request.

If a payment has not arrived within the expected time, the person who paid should contact the bank that sent it, not the receiving bank. Ask the sender for the payment receipt.

Choosing between the 13 SWIFT codes of Banca di San Marino SPA

Banca di San Marino SPA uses 13 different SWIFT/BIC codes across 9 locations. One of them is the head office code, MAOISMSMXXX; the rest identify branches, and sometimes specific services.

For most payments to a private or business account, the head office code MAOISMSMXXX works fine. Branch codes are only needed when the account holder specifically mentions it, which is more common for business accounts and trade services.

Unsure which code to use? Check with the recipient or the bank itself. Branch codes can change over time, so a code from an old document is not always valid.