Banco BPM SWIFT Code: BAPPIT21

Banco BPM SWIFT Code: BAPPIT21

The SWIFT/BIC code for Banco BPM is BAPPIT21. BAPP identifies Banco BPM, IT stands for Italy, and 21 is the Milan location code. This code routes international wire transfers to Banco BPM accounts throughout Italy.

Banco BPM was formed in 2017 from the merger of Banco Popolare and Banca Popolare di Milano. It is Italy's third-largest banking group by total assets, with roughly 1,500 branches concentrated in Lombardy, Veneto, and Piedmont.

EUR Clearing in Northern Italy

As an Italian eurozone bank, Banco BPM processes SEPA transfers within one business day. Italian IBANs start with IT followed by 25 characters. For cross-border EUR transfers within SEPA, fees are equivalent to domestic transfers — typically under EUR 1.

Non-EUR international wires (USD, GBP, CHF) carry fees of EUR 15 to EUR 40. Settlement takes 2 to 4 business days depending on intermediary bank routing and currency conversion requirements.

Banco BPM's Lombard Business Focus

Banco BPM has a strong SME lending focus in Lombardy, Italy's wealthiest region and an industrial hub for fashion, machinery, and automotive supply chains. The bank handles a significant volume of trade-related wire transfers for Milanese exporters and manufacturers.

The bank's corporate client base includes many mid-sized Italian companies in the Brescia-Bergamo-Milan industrial triangle. Wire transfers for raw material imports and finished goods exports frequently route through BAPPIT21.

How Slash fits in

Slash monitors EUR transfers through Banco BPM alongside your other Italian and European banking accounts. Payment data is categorized automatically, helping your finance team track supplier and trade payments in real time.