SWIFT Code SVIUITR1AC5 — BANCA PER LO SVILUPPO DELLA COOP. DI CREDITO SPA, FAGNANO CASTELLO

About SWIFT Code SVIUITR1AC5 — BANCA PER LO SVILUPPO DELLA COOP. DI CREDITO SPA, FAGNANO CASTELLO

SWIFT code SVIUITR1AC5 is the official 11-character branch-specific BIC (Bank Identifier Code) for BANCA PER LO SVILUPPO DELLA COOP. DI CREDITO SPA in FAGNANO CASTELLO, 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 PER LO SVILUPPO DELLA COOP. DI CREDITO SPA for all outward international remittances from FAGNANO CASTELLO. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code SVIUITR1AC5

The code SVIUITR1AC5 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code SVIUITR1AC5

Receiving International Wire Transfers

To receive money from abroad at your BANCA PER LO SVILUPPO DELLA COOP. DI CREDITO SPA account in FAGNANO CASTELLO, share SWIFT code SVIUITR1AC5 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 PER LO SVILUPPO DELLA COOP. DI CREDITO SPA, FAGNANO CASTELLO must provide SWIFT code SVIUITR1AC5. 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 PER LO SVILUPPO DELLA COOP. DI CREDITO SPA in FAGNANO CASTELLO rely on SWIFT code SVIUITR1AC5 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 PER LO SVILUPPO DELLA COOP. DI CREDITO SPA →

For cheque clearing or NACH mandates, use the MICR code for BANCA PER LO SVILUPPO DELLA COOP. DI CREDITO SPA →

For TDS challan deposits, find the BSR code for BANCA PER LO SVILUPPO DELLA COOP. DI CREDITO SPA →

How SWIFT Code SVIUITR1AC5 Routes an International Transfer

1. Initiation: The sender provides SWIFT code SVIUITR1AC5 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 PER LO SVILUPPO DELLA COOP. DI CREDITO SPA.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: BANCA PER LO SVILUPPO DELLA COOP. DI CREDITO SPA receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code SVIUITR1AC5

• Spaces or lowercase letters — Always enter SVIUITR1AC5 uppercase with no spaces.
• Using the wrong city — This code is for FAGNANO CASTELLO 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 SVIUITR1AC5 directly with BANCA PER LO SVILUPPO DELLA COOP. DI CREDITO SPA's FAGNANO CASTELLO branch or via the SWIFT BIC Directory.