Find SWIFT Codes in ITALY

In order to send a SWIFT payment to ITALY it is highly recommended to meet the following recommendations:

Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, IBAN, and beneficiary bank address). Central Bank: For additional information, please refer to www.bancaditalia.it.

Account Restrictions: Residents and non-residents are permitted to open and maintain domestic and foreign currency accounts both locally and abroad.

SEPA: Strict formatting standards and SEPA guidelines exist in Europe regarding cross-border payments. IBAN and SWIFT BIC are required for all euro payments. SEPA standards apply for euro payments to beneficiaries with accounts in Italy.

Payment Formatting Rules for EUR

• Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary.
• Beneficiary Customer (SWIFT MT103 F59): Include account number (IBAN), full name (no initials) and address of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary. IBAN numbers for beneficiaries with accounts in Italy must be included in the payment instructions.
• Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary bank. SWIFT BIC is key to routing payments to the beneficiary bank.

There are no specific bank clearing codes in the country for cross-border payments. SWIFT BIC is 8 or 11 alphanumeric characters: xxxxITxx or xxxxITxxxxx.

To send payments to Italy, please ensure that you have the following information:

• Debtor Section: Information about the account holder sending the money.
• Debtor Account Section: The account details of the sender.
• Debtor Agent Section: The SWIFT/BIC code for the sender's bank.
• Creditor Transfer Transaction Information: Details about the transaction for the recipient.
• Creditor Agent Section: The SWIFT/BIC code for the recipient's bank.
• Creditor Account Section: The account details of the recipient.
• Address Information: The full address of the recipient.

Ensure all provided data is up to date.

For the following financial institutions in ITALY you can find a list of their correspondent banks with the currencies and nostro accounts. Also you will find an instructions how to track the payments and other useful information which will help you to send/receive a SWIFT funds transfer or investigate a status of existing payment.

Page 14 of 43