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SWIFT / BIC Code Details of MONTE TITOLI S.P.A., (MT INTERNAL CODE) Branch
The Swift Code of Monte Titoli S.p.a. , (mt Internal Code) Branch is MOTIIT41BRN
| Country Name | ITALY |
| Country Code | IT |
| Bank Name | MONTE TITOLI S.P.A. |
| Branch Name | (MT INTERNAL CODE) |
| City Name | MILANO |
| SWIFT Code | MOTIIT41BRN (Use for international fund transfers.) |
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General Information :
The Monte Titoli S.p.a. ,
(mt Internal Code) Branch is Located in Milano City,
Italy.
The Swift / BIC Code of Monte Titoli S.p.a. ,
(mt Internal Code) is : MOTIIT41BRN
Breakdown of Monte Titoli S.p.a., (mt Internal Code) Branch SWIFT Code
| M | O | T | I | I | T | 4 | 1 | B | R | N |
| Bank Code | Country ISO Code | Location Code | Branch Code |
|||||||
The first four digits
(MOTI) represent the
bank, here it's representing Monte Titoli S.p.a..
Next two digits (IT) is country ISO code & here this code indicates
Italy country.
Next two digits is
(41) - is location
code, it's use to identify the particular bank location.
- If the second character is "0" - then it is typically a test BIC as opposed to a BIC used on the live network.
- If the second character is "1" - then it denotes a passive participant in the SWIFT network
- If the second character is "2," it typically indicates a reverse billing BIC, in which the recipient pays for the message rather than the more common mode, in which the sender pays for the message.
Last three digits is (BRN) - It's an unique identifier no for the particular bank branch & here it's representing Monte Titoli S.p.a. , (mt Internal Code) branch.
FAQ
The SWIFT / BIC Code of Monte Titoli S.p.a., (mt Internal Code) Branch is : MOTIIT41BRN
The Monte Titoli S.p.a. , (mt Internal Code) is Located in Milano , Italy.
SWIFT / BIC Code
What is SWIFT/BIC Code?
SWIFT codes are abbreviations for the Society of Worldwide Interbank Financial Telecommunication Code. A SWIFT code is a code that is used to identify the country, bank, and branch of an account. A SWIFT code is also known as a BIC (Bank Identifier Code), but they are the same thing.
Formation of SWIFT Code
The Swift Code is either eight or eleven digits long and a combination of letters and numbers.
- The first four characters of the swift code are the bank code.
- The next two digits are the country code.
- The next two digits are the location code, and
- The last three digits are optional and aid in identifying the specific bank branch.
Applications of SWIFT Code/BIC Code
The following are some examples of SWIFT or BIC code applications:
- The Swift/BIC code is used to identify a specific branch of a bank or financial institution.
- It aids in international money transfers and acts as an executor for cross-border payments.
Example: Breakdown of SWIFT/BIC Code
A | B | C | D | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
Bank Code | Country ISO Code | Location Code | Branch Code | |||||||
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