SWIFT Code CABOITMH — BANCA IMI S.P.A., MILANO

About SWIFT Code CABOITMH — BANCA IMI S.P.A., MILANO

SWIFT code CABOITMH is the official 8-character head-office BIC (Bank Identifier Code) for BANCA IMI 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 IMI 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 CABOITMH

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

When to Use SWIFT Code CABOITMH

Receiving International Wire Transfers

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

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

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

How SWIFT Code CABOITMH Routes an International Transfer

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

Common Mistakes When Using SWIFT Code CABOITMH

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