BANCA MEDIOLANUM, BASIGLIO - SWIFT/BIC Code

BANCA MEDIOLANUM, BASIGLIO - SWIFT Code Information

SWIFT Code / BIC

MEDBITMM001

Bank / Institution

BANCA MEDIOLANUM

Address

PALAZZO MEUCCI

City

BASIGLIO

Postcode

20080

Country

Italy

Connection

Active

MEDBITMM001 - SWIFT Code Breakdown

SWIFT Code

MEDBITMM or MEDBITMM001

Bank Code

MEDB - code assigned to BANCA MEDIOLANUM

Country Code

IT - code belongs to Italy

Location & Status

MM - represents location, second digit means active code

Branch Code

001 or not assigned, indicating this is a head office

Head Office

MEDBITMM - primary office of BANCA MEDIOLANUM, Italy

What is a SWIFT Code MEDBITMM001?

A SWIFT Code is a standard format of Bank Identifier Code (BIC) used to specify a particular bank or branch. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also use these codes for exchanging messages between them.

SWIFT codes comprise of 8 or 11 characters. All 11 digit codes refer to specific branches, while 8 digit codes (or those ending in 'XXX') refer to the head or primary office. SWIFT codes are formatted as follows:

AAAA BB CC DDD

First 4 characters - bank code (only letters)
Next 2 characters - ISO 3166-1 alpha-2 country code (only letters)
Next 2 characters - location code, passive participant will have "1" in the second character (letters and digits)
Last 3 characters - branch code, optional - 'XXX' for primary office (letters and digits)

The registrations of SWIFT Codes are handled by Society for Worldwide Interbank Financial Telecommunication (“SWIFT”) and their headquarters is located in La Hulpe, Belgium. SWIFT is the registered trademark of S.W.I.F.T. SCRL with a registered address at Avenue Adèle 1, B-1310 La Hulpe, Belgium.