SWIFT Code GRRLIT21 — GRECALE RMBS 2011 SRL, BOLOGNA

About SWIFT Code GRRLIT21 — GRECALE RMBS 2011 SRL, BOLOGNA

SWIFT code GRRLIT21 is the official 8-character head-office BIC (Bank Identifier Code) for GRECALE RMBS 2011 SRL 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 RMBS 2011 SRL 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 GRRLIT21

The code GRRLIT21 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code GRRLIT21

Receiving International Wire Transfers

To receive money from abroad at your GRECALE RMBS 2011 SRL account in BOLOGNA, share SWIFT code GRRLIT21 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 RMBS 2011 SRL, BOLOGNA must provide SWIFT code GRRLIT21. 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 RMBS 2011 SRL in BOLOGNA rely on SWIFT code GRRLIT21 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 RMBS 2011 SRL →

For cheque clearing or NACH mandates, use the MICR code for GRECALE RMBS 2011 SRL →

For TDS challan deposits, find the BSR code for GRECALE RMBS 2011 SRL →

How SWIFT Code GRRLIT21 Routes an International Transfer

1. Initiation: The sender provides SWIFT code GRRLIT21 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 RMBS 2011 SRL.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: GRECALE RMBS 2011 SRL receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code GRRLIT21

• Spaces or lowercase letters — Always enter GRRLIT21 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 GRRLIT21 directly with GRECALE RMBS 2011 SRL's BOLOGNA branch or via the SWIFT BIC Directory.