SWIFT Code GRBSIT21 — GRECALE ABS S.R.L., BOLOGNA

About SWIFT Code GRBSIT21 — GRECALE ABS S.R.L., BOLOGNA

SWIFT code GRBSIT21 is the official 8-character head-office BIC (Bank Identifier Code) for GRECALE ABS S.R.L. in BOLOGNA, 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 GRECALE ABS S.R.L. for all outward international remittances from BOLOGNA. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code GRBSIT21

The code GRBSIT21 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code GRBSIT21

Receiving International Wire Transfers

To receive money from abroad at your GRECALE ABS S.R.L. account in BOLOGNA, share SWIFT code GRBSIT21 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 GRECALE ABS S.R.L., BOLOGNA must provide SWIFT code GRBSIT21. 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 GRECALE ABS S.R.L. in BOLOGNA rely on SWIFT code GRBSIT21 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 GRECALE ABS S.R.L. →

For cheque clearing or NACH mandates, use the MICR code for GRECALE ABS S.R.L. →

For TDS challan deposits, find the BSR code for GRECALE ABS S.R.L. →

How SWIFT Code GRBSIT21 Routes an International Transfer

1. Initiation: The sender provides SWIFT code GRBSIT21 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 GRECALE ABS S.R.L..
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: GRECALE ABS S.R.L. receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code GRBSIT21

• Spaces or lowercase letters — Always enter GRBSIT21 uppercase with no spaces.
• Using the wrong city — This code is for BOLOGNA 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 GRBSIT21 directly with GRECALE ABS S.R.L.'s BOLOGNA branch or via the SWIFT BIC Directory.