431 Banco Posta (Transferring money)

The first bit BPPIITRR is the BIC code for Poste Italiane S.p.A this you need to send a SWIFT message.

An IBAN should start IBAN then the country code (e.g.IT) then a series of numbers and/or letters (up to 34 altogether).

Your bank is required by EC law (regulation 2560/2001) to provide you with your IBAN

When you have the IBAN you can check it here [url]http://www.apacs.org.uk/IBAN/iban/Iban_check.html[/url]

I hope that this helps.

All Banco Posta accounts have IBANS. It is always printed on each statement. I'm not sure if this is your account? The most efficient way to transfer is via the eurogiro network. It costs £7.50 to transfer and €2 to receive in Italy. It usually takes 3 - 5 days to arrive and clear. The Alliance and Leicester is the only UK bank offering this facility via the eurogiro network. Transfers are done via their international branch telephone number. We have a current account with them in order to use this facility, I don't know if you can transfer funds otherwise: I suggest you enquire.

I am just in the process of viewing, but have alredy found that you can make a huge differnece if you use these companies.

Try using [url]http://www.xe.com[/url] and entering your value. Then go to one of the many special sites e.g. [url]http://www.currenciesdirect.com[/url] and looking at the difference. It changes every 15 mins, so it can go up and down, but I have seen around 1000 Euro's difference on a £50,000 transfer.

Hope this helps

The banco posta can receive a money from all world ,
for transfert i advise that yours bank use a SWIFT code
in reply to my direct enquiry , The Perugia office say

Date: Tue, 6 Sep 2005 17:13:28 +0200
Se con divisa Euro lo SWIFT BPPIITRRXXX
Se con divisa diversa POSOIT22XXX

Filippo Sproviero - Addetto Commerciale SOHO - Divisione Rete Territoriale Filiale di Perugia - Servizio Commerciale
* mailto:sprovierof@posteitaliane.it

****

Ugo , the specialist for italian mortgage to non italians
[url]www.lifeinitaly.it[/url]

I agree with Rafey, we used a speacialised money exchange company (can't remember the name of it now but will come back with it later) and for the £50,000 we sent over, we got an extra 2500 euro more than if we had gone through our own account at Barclays . We were given 1.49 euro to the £ and no commision for the exgange. The extra 2500 euro paid for the translator we had to use and he was the one who recommended this company to us in the first place. :p

Will come back later with the company details once I've dug them out for you.

I don't know who you bank with, but the one we use, First Direct, allow you to buy Euros from the stock market. For this you need to have an account already set up, an IBAN number, branch address and the managers name was what we needed. We simply phoned the bank in the usual way and asked them what the exchange rate is (they contact the London stock exchange) and if you like the rate you can do the transfer there and then. It cost us only £15 for the whole thing. We phooned several times to get the rate we wanted - it saved / made us literally thousands of Euros. There is a minimum amount for this type of service, I think it's about £50,000 but I can't remember exactly. The only down side is you have to be a customer - not much of a hardship for us.

We used International Currency Network.

[url]www.icnforex.com[/url]

Paula