SWIFT Code CUTSIT21 — COMUNE DI TRAVERSETOLO, TRAVERSETOLO

About SWIFT Code CUTSIT21 — COMUNE DI TRAVERSETOLO, TRAVERSETOLO

SWIFT code CUTSIT21 is the official 8-character head-office BIC (Bank Identifier Code) for COMUNE DI TRAVERSETOLO in TRAVERSETOLO, 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 TRAVERSETOLO for all outward international remittances from TRAVERSETOLO. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code CUTSIT21

The code CUTSIT21 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code CUTSIT21

Receiving International Wire Transfers

To receive money from abroad at your COMUNE DI TRAVERSETOLO account in TRAVERSETOLO, share SWIFT code CUTSIT21 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 TRAVERSETOLO, TRAVERSETOLO must provide SWIFT code CUTSIT21. 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 TRAVERSETOLO in TRAVERSETOLO rely on SWIFT code CUTSIT21 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 TRAVERSETOLO →

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

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

How SWIFT Code CUTSIT21 Routes an International Transfer

1. Initiation: The sender provides SWIFT code CUTSIT21 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 TRAVERSETOLO.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: COMUNE DI TRAVERSETOLO receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code CUTSIT21

• Spaces or lowercase letters — Always enter CUTSIT21 uppercase with no spaces.
• Using the wrong city — This code is for TRAVERSETOLO 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 CUTSIT21 directly with COMUNE DI TRAVERSETOLO's TRAVERSETOLO branch or via the SWIFT BIC Directory.