Swift Code / BIC (Bank Identifier Code) Details for TWOSITM1SAP
TWOSITM1SAP is the swift code for Branch of SGSS SPA Bank in MILANO Italy. The Branch Code for this swift code is SAP. 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 SGSS SPA is also TWOSITM1SAP.
| Swift Code / BIC (Bank Identifier Code) | TWOSITM1SAP |
| Bank | SGSS SPA |
| Branch | |
| City | MILANO |
| Country | |
| Branch Code | SAP |
| Address | VIA BENIGNO CRESPI 19/A MAC 2 I-20159 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 TWOSITM1SAP
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:
TWOS IT M1 SAP
- 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 TWOS.
- 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 SAP.
| 4 Letter Bank Code | 2 Letter Country Code | 2 Letter Location Code | 3 Letter Branch Code |
|---|---|---|---|
| TWOS | IT | M1 | SAP |