SWIFT Code BINQIT21 — BINDA SPA IN LIQUIDAZIONE, OLGIATE OLONA

About SWIFT Code BINQIT21 — BINDA SPA IN LIQUIDAZIONE, OLGIATE OLONA

SWIFT code BINQIT21 is the official 8-character head-office BIC (Bank Identifier Code) for BINDA SPA IN LIQUIDAZIONE in OLGIATE OLONA, 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 BINDA SPA IN LIQUIDAZIONE for all outward international remittances from OLGIATE OLONA. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code BINQIT21

The code BINQIT21 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code BINQIT21

Receiving International Wire Transfers

To receive money from abroad at your BINDA SPA IN LIQUIDAZIONE account in OLGIATE OLONA, share SWIFT code BINQIT21 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 BINDA SPA IN LIQUIDAZIONE, OLGIATE OLONA must provide SWIFT code BINQIT21. 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 BINDA SPA IN LIQUIDAZIONE in OLGIATE OLONA rely on SWIFT code BINQIT21 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 BINDA SPA IN LIQUIDAZIONE →

For cheque clearing or NACH mandates, use the MICR code for BINDA SPA IN LIQUIDAZIONE →

For TDS challan deposits, find the BSR code for BINDA SPA IN LIQUIDAZIONE →

How SWIFT Code BINQIT21 Routes an International Transfer

1. Initiation: The sender provides SWIFT code BINQIT21 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 BINDA SPA IN LIQUIDAZIONE.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: BINDA SPA IN LIQUIDAZIONE receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code BINQIT21

• Spaces or lowercase letters — Always enter BINQIT21 uppercase with no spaces.
• Using the wrong city — This code is for OLGIATE OLONA 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 BINQIT21 directly with BINDA SPA IN LIQUIDAZIONE's OLGIATE OLONA branch or via the SWIFT BIC Directory.