What is the Italian bank equivalent of a sort code? What code is used to make wire transfers to Italian bank accounts?
A UK traveler who wanted to get set up with XE currency exchange was wondering how to find a sort code, which in the US is referred to as a bank code or routing transit number.
In Italy, banks can use two different codes for accepting a wire transfer, which in Italian is called "bonifico": one code is called IBAN (International Bank Account Number), and the other code is called BIC (Business Identifier Code, formerly known as Bank Identifier Code) or SWIFT.
What are international currency brokers?
Several travelers suggested various international currency brokers who handle currency transfers. Among the ones that travelers mentioned were: XE Currency (formerly HiFX), TorFX, Currencies Direct, Moneycorp, and Currencyfair.