SWIFT Code CRUTIT21 — COMPAGNIA DELLA RUOTA SPA, BIELLA

About SWIFT Code CRUTIT21 — COMPAGNIA DELLA RUOTA SPA, BIELLA

SWIFT code CRUTIT21 is the official 8-character head-office BIC (Bank Identifier Code) for COMPAGNIA DELLA RUOTA SPA in BIELLA, 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 COMPAGNIA DELLA RUOTA SPA for all outward international remittances from BIELLA. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code CRUTIT21

The code CRUTIT21 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code CRUTIT21

Receiving International Wire Transfers

To receive money from abroad at your COMPAGNIA DELLA RUOTA SPA account in BIELLA, share SWIFT code CRUTIT21 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 COMPAGNIA DELLA RUOTA SPA, BIELLA must provide SWIFT code CRUTIT21. 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 COMPAGNIA DELLA RUOTA SPA in BIELLA rely on SWIFT code CRUTIT21 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 COMPAGNIA DELLA RUOTA SPA →

For cheque clearing or NACH mandates, use the MICR code for COMPAGNIA DELLA RUOTA SPA →

For TDS challan deposits, find the BSR code for COMPAGNIA DELLA RUOTA SPA →

How SWIFT Code CRUTIT21 Routes an International Transfer

1. Initiation: The sender provides SWIFT code CRUTIT21 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 COMPAGNIA DELLA RUOTA SPA.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: COMPAGNIA DELLA RUOTA SPA receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code CRUTIT21

• Spaces or lowercase letters — Always enter CRUTIT21 uppercase with no spaces.
• Using the wrong city — This code is for BIELLA 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 CRUTIT21 directly with COMPAGNIA DELLA RUOTA SPA's BIELLA branch or via the SWIFT BIC Directory.