Browse banks, EMIs, PSPs and other organizations in Italy that hold a SWIFT/BIC code. See correspondent banking data and review the country's payment requirements.
Italy's currency is the euro (EUR), a freely floating, fully convertible reserve currency. Italy is a founding member of the euro area, which introduced the euro in 1999, and monetary policy is set by the European Central Bank and implemented domestically by Banca d'Italia. There are no exchange or capital controls: under EU single-market rules residents and non-residents may hold, buy and transfer any currency without approval, and Italy has accepted IMF Article VIII. The only cash-specific limit is a domestic anti-money-laundering rule that caps cash payments between private parties at EUR 5,000; it does not restrict bank transfers. Italy uses IBAN: an Italian IBAN is 27 characters, made up of IT, two check digits, a one-letter CIN national check character, the five-digit ABI bank code, the five-digit CAB branch code, and a twelve-character account number. As a Eurozone and SEPA member, euro credit transfers and direct debits to and from Italy run on SEPA rails at the same price as domestic payments.
Inbound cross-border payments arrive by SWIFT (MT103 or the ISO 20022 MX equivalent) and then settle domestically. Large-value euro payments settle in central bank money through TARGET (T2), the Eurosystem real-time gross settlement system that Banca d'Italia helps operate; retail flows clear through BI-COMP and pan-European SEPA infrastructure, and instant transfers settle through TIPS. SEPA Instant credit transfers run around the clock, complete within seconds and carry up to EUR 100,000. Since 9 October 2025 every euro-area payment provider must run a free Verification of Payee check, matching the beneficiary name against the IBAN before a SEPA transfer is released, so an accurate beneficiary name now matters as much as the account number. To credit a beneficiary without delay an instruction typically needs:
Italy has no purpose-of-payment code requirement for standard euro transfers, and there are no domestic clearing codes for cross-border routing, so the SWIFT BIC is the key routing identifier. Messaging is now fully ISO 20022: T2 migrated in 2023 and the SWIFT cross-border CBPR+ coexistence period closed in November 2025.
On compliance, Italy is a founding FATF member and sits on neither the FATF grey nor black list; its most recent mutual evaluation found a mature, well-resourced regime and it reports on a light biennial follow-up cycle. Italy is an early-adopter OECD CRS/AEOI jurisdiction and has exchanged financial-account information automatically since 2017. Anti-money-laundering rules rest on Legislative Decree 231/2007, supervised by Banca d'Italia, with suspicious transactions reported to the financial intelligence unit, UIF, which sits inside the central bank. EU sanctions apply directly in Italy alongside UN measures and a national framework, and since January 2026 violations of EU restrictive measures carry criminal penalties, so screen counterparties before you pay.
Cryptoassets are legal in Italy and regulated under the EU MiCA framework: crypto-asset service providers must hold a CASP licence, with CONSOB leading authorisation and Banca d'Italia responsible for anti-money-laundering supervision and for the prudential oversight of euro-denominated stablecoins. Crypto is not legal tender and is little used for everyday payment, and gains are taxed as financial income. A central bank digital currency, the digital euro, is a European Central Bank project that moved into its next preparation phase in late 2025, with Banca d'Italia among the national central banks building its core components; no decision to issue it has yet been taken.
Banks, EMIs, PSPs and other organizations with an assigned BIC. Click any entry for SWIFT/BIC details, correspondent banking data and supported currencies.
Yes. Italy uses IBAN for domestic and international payments. An Italian IBAN is 27 characters: the country code IT, two check digits, a one-letter CIN check character, the five-digit ABI code that identifies the bank, the five-digit CAB code that identifies the branch, and a twelve-character account number. For an inbound SWIFT payment you need the beneficiary's full IBAN and the beneficiary bank's SWIFT BIC; there are no separate domestic clearing codes for cross-border routing.
No. Italy is a founding member of the FATF and is on neither the FATF grey list (jurisdictions under increased monitoring) nor the black list. Its most recent mutual evaluation found a mature and well-developed AML/CFT regime, and Italy reports on the least intensive biennial follow-up cycle.
Euro payments reach Italy over SEPA: SEPA Credit Transfers and SEPA Instant Credit Transfers move euro to and from Italian accounts at the same cost as domestic transfers, with instant transfers settling within seconds around the clock up to EUR 100,000. Payments from outside the euro area arrive by SWIFT and settle domestically, with large values passing through the Eurosystem's TARGET (T2) system. To route funds you need the beneficiary's IBAN and the beneficiary bank's SWIFT BIC, plus the full name and address of both the ordering and beneficiary customers; since October 2025 the beneficiary name is also checked against the IBAN before a euro transfer is released.
Yes. Italy is an early-adopter OECD Common Reporting Standard (CRS) jurisdiction and has exchanged financial-account information automatically under CRS/AEOI since 2017. Italian financial institutions identify accounts held by tax residents of other participating jurisdictions and report them to the Revenue Agency (Agenzia delle Entrate); from 2026 automatic reporting also extends to crypto-asset accounts under the EU DAC8 rules.
Cryptoassets are legal in Italy and regulated under the EU Markets in Crypto-Assets Regulation (MiCA). Crypto-asset service providers must hold a CASP licence, with CONSOB leading authorisation and Banca d'Italia responsible for anti-money-laundering supervision and for the prudential oversight of euro-denominated stablecoins; the transitional regime for previously registered providers has now closed. Crypto is not legal tender and is little used for everyday payment, and gains are taxed as financial income. Separately, the digital euro, a possible central bank digital currency, is a European Central Bank project that entered its next preparation phase in late 2025 with Banca d'Italia among the central banks building its core components; no decision to issue it has yet been taken.
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