Banca Sammarinese di Investimento S.P.A. SWIFT/BIC code

Banca Sammarinese di Investimento S.P.A. SWIFT code: BSDISMSD

The short code BSDISMSD and the full code BSDISMSDXXX identify the same bank: Banca Sammarinese di Investimento S.P.A., with its head office in Rovereta. Banks worldwide use these codes to direct payments between countries to the correct institution. It comes up mainly when dealing with payments that cross a border or a currency.

On this page we explain what the code is put together, when you need it and what else a transfer to or from Banca Sammarinese di Investimento S.P.A. requires. The SWIFT code alone cannot identify an individual account holder; for that you need the IBAN or account number .

When will the money arrive at Banca Sammarinese di Investimento S.P.A.?

How fast a payment reaches Banca Sammarinese di Investimento S.P.A. is determined by several factors: which currency you send, the number of banks in between, daily processing deadlines and differences in time zone. Transfers sent late in the day or just before weekends and holidays often start the next business day. Occasionally a bank asks what the payment is for before releasing it.

Many banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Every gpi transfer carries a unique reference, the UETR, which your bank can use to see where the money is. Specialist transfer services often provide a status in their app so you can see where the payment has got.

Only the sending bank is able to request a trace. Ask the sender for the payment receipt; that often settles the question quickly.

About this information

We gather bank codes from public sources and update them from time to time. It can happen that information on this page is out of date after a merger or reorganisation. Figures such as the number of codes come from our own dataset and may differ from what Banca Sammarinese di Investimento S.P.A. publishes.

See the information here as a helpful check, and let the details from the recipient or Banca Sammarinese di Investimento S.P.A. have the final say. GoldexPay is an independent comparison site for money transfers and not part of Banca Sammarinese di Investimento S.P.A.. Spotted an error? Tell us via our contact form and we will look into it.

Choosing between the 6 SWIFT codes of Banca Sammarinese di Investimento S.P.A.

Banca Sammarinese di Investimento S.P.A. uses 6 different SWIFT/BIC codes. Only one is the head office code; the others identify branches or departments, and sometimes internal departments.

For most incoming transfers, the head office code BSDISMSDXXX is what you need. Just use a branch code when your contact explicitly asks for it, for example on a letter or invoice.

Not sure which code applies? Ask the recipient, or look at a recent statement from Banca Sammarinese di Investimento S.P.A.. Branch codes are more prone to be retired than the head office code when a bank merges or closes offices.

Sending EUR to Banca Sammarinese di Investimento S.P.A.

San Marino pays in the Euro, code EUR. When you pay another currency it has to be converted at some point: by your bank, an intermediary or Banca Sammarinese di Investimento S.P.A. itself. There is rarely a separate line for that conversion.

Where the conversion happens affects how much arrives. Sending the amount directly in EUR usually prevents a second conversion at the receiving end – as long as your own rate is good.

The rate for EUR fluctuates throughout the day and quotes are often valid only for a short time. With bigger transfers, even seemingly small difference in the rate can be worth more than the fee.

Euro transfers to Banca Sammarinese di Investimento S.P.A.: is a BIC needed?

San Marino is part of the SEPA area, where euro transfers follow common rules. For a standard euro transfer from another SEPA country, you normally only need the IBAN.

For anything other than euros and from non-SEPA countries, BSDISMSDXXX remains part of the payment details. Some forms still show a field for the BIC out of habit; if so, fill in BSDISMSD or BSDISMSDXXX.

SEPA transfers normally land by the next business day, and instant transfers in seconds where both banks support them. Fees for SEPA payments are generally low.

Changed bank details? Be careful

One of the most common tricks works like this: an email arrives with a request saying that a supplier now has new bank details. A real SWIFT code tells you nothing about who owns the account.

Before paying, confirm a change of bank details through a phone call. Urgency or requests to keep it quiet are warning signs; a genuine business can wait for you to check. Already paid? Contact your bank without delay and have them start a recall.

Fraud also work the other way. Someone claims to have sent too much and wants you to refund the difference to a new account. A screenshot of a transfer is no proof; only your own account shows what has arrived.

8 or 11 characters: BSDISMSD versus BSDISMSDXXX

A BIC is made up of a few fixed parts: the first four letters stand for the bank, characters five and six give the country and characters seven and eight mark the location. That gives you BSDISMSD, the short form of the code.

XXX at the end of BSDISMSDXXX does not stand for a missing value or a mistake: it indicates the main office of Banca Sammarinese di Investimento S.P.A.. Some banking apps ask for 11 characters, and then you simply add XXX after BSDISMSD.

Enter the code in one piece, in upper case and without spaces. Copying the code beats typing it by hand.

Receiving money from abroad at Banca Sammarinese di Investimento S.P.A.

A sender in another country needs a few details about your account – incomplete details often cause delays. Give them your name as the bank knows it, the IBAN or account number, SWIFT code BSDISMSDXXX and your address, which some banks require.

It helps to include Banca Sammarinese di Investimento S.P.A. and Rovereta as well, because some payment forms have separate fields for them. Double-check the details before you send them.

Expect that the amount credited is smaller than what the sender paid. Correspondent banks can take a fee, Banca Sammarinese di Investimento S.P.A. may charge for incoming payments, and if the money is converted, an exchange rate margin applies. Agree with the sender who pays which costs before the money is sent.

How to check BSDISMSD before you pay

The most reliable source for the BIC is the bank details provided by the recipient – an invoice, a statement or a screenshot from online banking. Check it against BSDISMSD here and ask if anything does not match.

An incorrect BIC can cause a delay, a payment being sent back or extra fees. Do not forget the account number: an error there is more difficult to undo than a wrong code.

A validity check in your banking app merely tells you that the code exists – not that it belongs to the person you mean to pay. Where available, a payee name check on the recipient gives an extra layer of safety. For a first payment, some people start with a small amount first before sending the rest.

International transfers from Banca Sammarinese di Investimento S.P.A.: the real cost

When you send money abroad via Banca Sammarinese di Investimento S.P.A., the visible fee is only part of what you pay. Besides a fixed fee, correspondent or intermediary banks can take a cut, and when currencies are converted, the bank often uses a rate that is less favourable than the actual market rate.

Banks do not show their exchange rate markup as a cost. An easy check: put the bank’s rate against the mid-market rate for the same moment and work out the difference on your amount.

For many routes, a transfer service is cheaper than a traditional bank transfer, mainly because of the exchange rate. Before your next transfer, it is worth comparing the total cost on GoldexPay rather than accepting the bank’s rate by default. You can still use your account at Banca Sammarinese di Investimento S.P.A. as the source of the money.