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Format of Banca 24-7 S.p.a. ABI/CAB Code
Banca 24-7 S.p.a. or any Italian banks ABI Code is a five-digit number used to identify the individual bank, and CAB Code is a five-digit unique identifier number that assists in locating the specific bank branch of an Italian financial institution.
The Structure is -
| 0 | 3 | 1 | 8 | 6 | X | X | X | X | X |
| Bank Code / Codice ABI | Branch Code / Codice CAB | ||||||||
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What is the ABI and CAB Code/Codici in Italy?
ABI Code:
The ABI Code (Associazione Bancaria Italiana) is a number that is used to uniquely identify a bank or lending institution in Italy. The code is made up of five (5) digits that begin with zero (0). Associazione Bancaria Italiana (Italian Banking Association) assigns the ABI code.
CAB Code:
CAB Code (Codice di Avviamento Bancario) is a five-digit number that represents the specific branch of the bank identified by the ABI.Applications of Italy ABI & CAB Code
The ABI & CAB Code have following applications in Italy:
- The ABI and CAB are used together for domestic money transfers or payments.
- Both the ABI Code and the CAB Code are components of the IBAN, which is used for international money transfers.
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