SWIFT Code BTERITM1 — BANCA DELLA NUOVA TERRA S.P.A., MILANO

About SWIFT Code BTERITM1 — BANCA DELLA NUOVA TERRA S.P.A., MILANO

SWIFT code BTERITM1 is the official 8-character head-office BIC (Bank Identifier Code) for BANCA DELLA NUOVA TERRA S.P.A. 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 BANCA DELLA NUOVA TERRA S.P.A. 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 BTERITM1

The code BTERITM1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code BTERITM1

Receiving International Wire Transfers

To receive money from abroad at your BANCA DELLA NUOVA TERRA S.P.A. account in MILANO, share SWIFT code BTERITM1 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 BANCA DELLA NUOVA TERRA S.P.A., MILANO must provide SWIFT code BTERITM1. 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 BANCA DELLA NUOVA TERRA S.P.A. in MILANO rely on SWIFT code BTERITM1 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 BANCA DELLA NUOVA TERRA S.P.A. →

For cheque clearing or NACH mandates, use the MICR code for BANCA DELLA NUOVA TERRA S.P.A. →

For TDS challan deposits, find the BSR code for BANCA DELLA NUOVA TERRA S.P.A. →

How SWIFT Code BTERITM1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code BTERITM1 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 BANCA DELLA NUOVA TERRA S.P.A..
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: BANCA DELLA NUOVA TERRA S.P.A. receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code BTERITM1

• Spaces or lowercase letters — Always enter BTERITM1 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 BTERITM1 directly with BANCA DELLA NUOVA TERRA S.P.A.'s MILANO branch or via the SWIFT BIC Directory.