ITAUUYMM SWIFT/BIC Code

The SWIFT number ITAUUYMM was issued by BANCO ITAU in MONTEVIDEO.

SWIFT/BIC NumberITAUUYMM
Bank NameBANCO ITAU
Bank CityMONTEVIDEO
Bank Branch

What is a BIC code?

A SWIFT code - sometimes called a SWIFT number is a standard format to uniquely identify banks and financial institutions across the world. SWIFT codes are a standard format for BIC - Business Identifier Codes.

If you transfer money internationally you almost always need to use a SWIFT/BIC code, as it’s the way banks and money transfer services identify where to send money on a global scale. You can think of a SWIFT code a bit like an international postal code. Your bank can use the SWIFT/BIC code to find another bank on the opposite side of the world. Similar to how sending a postcard to an incorrect ZIP code means it may go missing, the same thing can apply for your money and the wrong SWIFT code.

What does a BIC look like?

A SWIFT code is either 8 or 11 characters in length:

AAAA BB CC DDD

  • AAAA: 4 character bank code. Only letters.
  • BB: 2 character country code. ISO alpha-2 country code.
  • CC: 2 character location code.
  • DDD: 3 character branch code. Optional. Can include letters or digits. An XXX here would refer to the primary office.

More info about SWIFT/BIC codes

There are 2 types of SWIFT code: live and passive. Live codes are for institutions who are connected to the SWIFT network while passive Codes are used for manual transactions. Passive SWIFT codes will have a 1 as the second digit of the 2 character location code.

SWIFT code registrations and management are the responsibility of "Society for Worldwide Interbank Financial Telecommunication" (“SWIFT”) which is located in La Hulpe, Belgium.

SWIFT is the registered trademark of S.W.I.F.T. SCRL with a registered address at Avenue Adèle 1, B-1310 La Hulpe, Belgium.