SWIFT Code SVFIIT31 — SOVIFIN SIM S.P.A., MASSA

About SWIFT Code SVFIIT31 — SOVIFIN SIM S.P.A., MASSA

SWIFT code SVFIIT31 is the official 8-character head-office BIC (Bank Identifier Code) for SOVIFIN SIM S.P.A. in MASSA, 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 SOVIFIN SIM S.P.A. for all outward international remittances from MASSA. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code SVFIIT31

The code SVFIIT31 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code SVFIIT31

Receiving International Wire Transfers

To receive money from abroad at your SOVIFIN SIM S.P.A. account in MASSA, share SWIFT code SVFIIT31 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 SOVIFIN SIM S.P.A., MASSA must provide SWIFT code SVFIIT31. 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 SOVIFIN SIM S.P.A. in MASSA rely on SWIFT code SVFIIT31 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 SOVIFIN SIM S.P.A. →

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

For TDS challan deposits, find the BSR code for SOVIFIN SIM S.P.A. →

How SWIFT Code SVFIIT31 Routes an International Transfer

1. Initiation: The sender provides SWIFT code SVFIIT31 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 SOVIFIN SIM S.P.A..
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: SOVIFIN SIM S.P.A. receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code SVFIIT31

• Spaces or lowercase letters — Always enter SVFIIT31 uppercase with no spaces.
• Using the wrong city — This code is for MASSA 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 SVFIIT31 directly with SOVIFIN SIM S.P.A.'s MASSA branch or via the SWIFT BIC Directory.