Swift Code / BIC (Bank Identifier Code) Details for CITIITM1031
CITIITM1031 is the swift code for Branch of CITIBANK N.A Bank in MILANO Italy. The Branch Code for this swift code is 031. This swift code belongs to a financial institution.
Swift Code is also known as SWIFT-BIC, BIC (Bank Identifier Code), or SWIFT ID.Bank Identifier Code or BIC for CITIBANK N.A is also CITIITM1031.
| Swift Code / BIC (Bank Identifier Code) | CITIITM1031 |
| Bank | CITIBANK N.A |
| Branch | |
| City | MILANO |
| Country | |
| Branch Code | 031 |
| Address | Via dei Mercanti, 12 I-20121 MILANO |
| Postal Code | |
| Type of institution | Financial Institution |
What is a SWIFT Code / BIC (Bank Identifier Code)
Swift Code is a unique identification code for a particular bank. It is a standard format for Business Identifier Codes (BICs, previously known as Bank Identifier Codes). It is technically used to identify banks and financial institutions globally distinctively - it says who and where they are. People use these codes to transfer money within banks for international wire transfers (the reason you're probably here looking up for info). SWIFT codes and BIC codes are same and the terms are interchangeable.
Parts of Swift Code CITIITM1031
Swift codes are usually formed of 8 (or) 11 characters.You can understand that a swift code or BIC refers to a primary office when it's formatted in an 8-digit code.The codes are arranged in the following manner:
CITI IT M1 031
- Bank Code (A-Z) - 4 letter code. The first four letters indicate the shortened version of a bank's name. The Bank Code for this is CITI.
- Country Code (A-Z) - 2 letter code. The second two letters say the name of the country in which the bank is located. The Country Code for this is IT. The country corresponding to this country code is Italy.
- Location Code (0-9) (A-Z) - A 2 digit code that could be either two letters or numbers. It says where the bank's head office is located. The Location Code for this is M1.
- Branch Code - This is an optional 3-digit code. It states a particular branch instead of the bank's head office. The Branch Code for this is 031.
| 4 Letter Bank Code | 2 Letter Country Code | 2 Letter Location Code | 3 Letter Branch Code |
|---|---|---|---|
| CITI | IT | M1 | 031 |