SWIFT Code SMIOITMM — SIAE MICROELETTRONICA S.P.A., COLOGNO MONZESE

About SWIFT Code SMIOITMM — SIAE MICROELETTRONICA S.P.A., COLOGNO MONZESE

SWIFT code SMIOITMM is the official 8-character head-office BIC (Bank Identifier Code) for SIAE MICROELETTRONICA S.P.A. in COLOGNO MONZESE, 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 SIAE MICROELETTRONICA S.P.A. for all outward international remittances from COLOGNO MONZESE. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code SMIOITMM

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

When to Use SWIFT Code SMIOITMM

Receiving International Wire Transfers

To receive money from abroad at your SIAE MICROELETTRONICA S.P.A. account in COLOGNO MONZESE, share SWIFT code SMIOITMM 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 SIAE MICROELETTRONICA S.P.A., COLOGNO MONZESE must provide SWIFT code SMIOITMM. 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 SIAE MICROELETTRONICA S.P.A. in COLOGNO MONZESE rely on SWIFT code SMIOITMM 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 SIAE MICROELETTRONICA S.P.A. →

For cheque clearing or NACH mandates, use the MICR code for SIAE MICROELETTRONICA S.P.A. →

For TDS challan deposits, find the BSR code for SIAE MICROELETTRONICA S.P.A. →

How SWIFT Code SMIOITMM Routes an International Transfer

1. Initiation: The sender provides SWIFT code SMIOITMM 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 SIAE MICROELETTRONICA S.P.A..
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: SIAE MICROELETTRONICA S.P.A. receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code SMIOITMM

• Spaces or lowercase letters — Always enter SMIOITMM uppercase with no spaces.
• Using the wrong city — This code is for COLOGNO MONZESE 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 SMIOITMM directly with SIAE MICROELETTRONICA S.P.A.'s COLOGNO MONZESE branch or via the SWIFT BIC Directory.