SWIFT Code CLOLIT21 — COMUNE DI MALO, MALO

About SWIFT Code CLOLIT21 — COMUNE DI MALO, MALO

SWIFT code CLOLIT21 is the official 8-character head-office BIC (Bank Identifier Code) for COMUNE DI MALO in MALO, 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 COMUNE DI MALO for all outward international remittances from MALO. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code CLOLIT21

The code CLOLIT21 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code CLOLIT21

Receiving International Wire Transfers

To receive money from abroad at your COMUNE DI MALO account in MALO, share SWIFT code CLOLIT21 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 COMUNE DI MALO, MALO must provide SWIFT code CLOLIT21. 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 COMUNE DI MALO in MALO rely on SWIFT code CLOLIT21 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 COMUNE DI MALO →

For cheque clearing or NACH mandates, use the MICR code for COMUNE DI MALO →

For TDS challan deposits, find the BSR code for COMUNE DI MALO →

How SWIFT Code CLOLIT21 Routes an International Transfer

1. Initiation: The sender provides SWIFT code CLOLIT21 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 COMUNE DI MALO.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: COMUNE DI MALO receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code CLOLIT21

• Spaces or lowercase letters — Always enter CLOLIT21 uppercase with no spaces.
• Using the wrong city — This code is for MALO 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 CLOLIT21 directly with COMUNE DI MALO's MALO branch or via the SWIFT BIC Directory.