SWIFT / BIC
SWIFT/BIC code of Banca della Nuova Terra S.p.A.
BTERITM1 · Italy
- BIC, 8 characters
- BTERITM1
- BIC, 11 characters
- BTERITM1XXX
- Country
- Italy
- Address
- Via Borromei 5 Milano 20123 Italy
Source: ISO 9362 BIC registry, head-office codes only, no branch codes. Check the code with the bank before sending a large transfer.
How BTERITM1 is built
| Positions | Length | Meaning |
|---|---|---|
| 1–4 | 4 | BTER Bank code |
| 5–6 | 2 | IT Country |
| 7–8 | 2 | M1 Location |
| 9–11 | 3 | XXX Branch · XXX or omitted = head office |
Other SWIFT codes in Italy
How to use BTERITM1 for a transfer
Give the sender two things: the BIC BTERITM1 (or BTERITM1XXX if the form asks for 11 characters) and your account number at Banca della Nuova Terra S.p.A. In Italy the account number is the IBAN, 27 characters starting with IT. Check both on your bank statement before sending a large amount: a wrong code delays the transfer or sends it back with fees.
The BIC (Business Identifier Code), commonly called SWIFT code, identifies a bank or institution in international payments. It has 8 or 11 characters: 4 letters for the institution, 2 for the country, 2 for the location, and an optional 3 for the branch. XXX, or no branch code at all, means the head office.
Questions
What is the SWIFT code of Banca della Nuova Terra S.p.A.?
The SWIFT/BIC code of Banca della Nuova Terra S.p.A. is BTERITM1. In the 11-character form it is BTERITM1XXX, where XXX stands for the head office.
Is BTERITM1 a SWIFT code or a BIC?
Both: BIC is the ISO 9362 name of the code, SWIFT the network that assigns it. BTERITM1 is the same code under either name.
Do I also need the IBAN to receive money at Banca della Nuova Terra S.p.A.?
Italy uses the IBAN: the account number to give with the BIC is the IBAN, 27 characters long and starting with IT. See the IBAN format of Italy.
Can I receive international transfers with iSwiss Pay?
Yes. The iSwiss Pay euro, US dollar and pound accounts each come with their own coordinates, including the BIC where applicable, and receive SWIFT and local transfers.
Ready to start?
Receive international transfers
Accounts in euros, US dollars and pounds, each with its own coordinates, held in full reserve.
Accounts are opened after identity verification and are subject to our compliance policy.