SWIFT Code AXLRITM1 — AXE LERO SPA, MILANO

About SWIFT Code AXLRITM1 — AXE LERO SPA, MILANO

SWIFT code AXLRITM1 is the official 8-character head-office BIC (Bank Identifier Code) for AXE LERO SPA in MILANO, Italy. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by AXE LERO SPA for all outward international remittances from MILANO. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code AXLRITM1

The code AXLRITM1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code AXLRITM1

Receiving International Wire Transfers

To receive money from abroad at your AXE LERO SPA account in MILANO, share SWIFT code AXLRITM1 with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at AXE LERO SPA, MILANO must provide SWIFT code AXLRITM1. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using AXE LERO SPA in MILANO rely on SWIFT code AXLRITM1 for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for AXE LERO SPA →

For cheque clearing or NACH mandates, use the MICR code for AXE LERO SPA →

For TDS challan deposits, find the BSR code for AXE LERO SPA →

How SWIFT Code AXLRITM1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code AXLRITM1 and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to AXE LERO SPA.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: AXE LERO SPA receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code AXLRITM1

• Spaces or lowercase letters — Always enter AXLRITM1 uppercase with no spaces.
• Using the wrong city — This code is for MILANO only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within Italy.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm AXLRITM1 directly with AXE LERO SPA's MILANO branch or via the SWIFT BIC Directory.