SWIFT Code CABOITMHCPI — BANCA IMI S.P.A., PARMA

About SWIFT Code CABOITMHCPI — BANCA IMI S.P.A., PARMA

SWIFT code CABOITMHCPI is the official 11-character branch-specific BIC (Bank Identifier Code) for BANCA IMI S.P.A. in PARMA, 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 PARMA. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code CABOITMHCPI

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

When to Use SWIFT Code CABOITMHCPI

Receiving International Wire Transfers

To receive money from abroad at your BANCA IMI S.P.A. account in PARMA, share SWIFT code CABOITMHCPI 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., PARMA must provide SWIFT code CABOITMHCPI. 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 PARMA rely on SWIFT code CABOITMHCPI 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 CABOITMHCPI Routes an International Transfer

1. Initiation: The sender provides SWIFT code CABOITMHCPI 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 CABOITMHCPI

• Spaces or lowercase letters — Always enter CABOITMHCPI uppercase with no spaces.
• Using the wrong city — This code is for PARMA 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 CABOITMHCPI directly with BANCA IMI S.P.A.'s PARMA branch or via the SWIFT BIC Directory.