BANCA DELLO STATO DEL CANTONE TICINO

Banca dello Stato del Cantone Ticino is a Swiss cantonal bank which is part of the 24 cantonal banks serving Switzerland's 26 cantons. Founded in 1915, it has branches across Ticino with 427 employees in 2015. Total assets of the bank were 18,620.37 million CHF in 2022.It has full state guarantee of its liabilities.[1]

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BANCA DELLO STATO DEL CANTONE TICINO SWIFT Code

ID
Country
City
Bank or Institution
SWIFT Code
1
Switzerland
BELLINZONA
/
2
Switzerland
CHIASSO
/
3
Switzerland
LOCARNO
/
4
Switzerland
LUGANO
/
5
Switzerland
BELLINZONA
/
  • Total: 5
  • 1

About BANCA DELLO STATO DEL CANTONE TICINO

  • Industry
    financial service activities, except insurance and pension funding
  • Founded
    1915
  • Headquarters
    Switzerland
  • Number of employees
    427 (2015) [ 1 ]
  • Website
    bancastato.ch

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What is a SWIFT code?

A SWIFT code is an 8 or 11 character code used in banking to facilitate transactions and identify the bank.
What is the purpose of a SWIFT code in international transactions?

What is the purpose of a SWIFT code in international transactions?

SWIFT codes are used to route international financial transactions to the correct bank and branch. It facilitates the smooth and accurate transfer of funds between different banks and countries, ensuring that the transactions are processed correctly and securely.

How do I find my bank's SWIFT code?

You can find your bank's SWIFT/BIC code in the statements of your bank account. You can also use our SWIFT/BIC finder to get the right code for your transfer.
How do I find my bank's SWIFT code?

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Frequently Asked Questions

1. Why does BANCA DELLO STATO DEL CANTONE TICINO have different SWIFT Codes?

BANCA DELLO STATO DEL CANTONE TICINO operates differently across various countries, regions, and branches, with variations in business operations and clearing paths. To accurately identify and process BANCA DELLO STATO DEL CANTONE TICINO's cross-border payments and other transactions, different SWIFT Codes are used for distinction. Many large multinational banks have unique SWIFT Codes to their headquarters, regional branches, and overseas subsidiaries to ensure precise and secure fund transactions.

2. How do I know which SWIFT Code of BANCA DELLO STATO DEL CANTONE TICINO to use in a transfer?

It depends on the specific business scenario. For cross-border remittance to a branch of BANCA DELLO STATO DEL CANTONE TICINO, you can log on to the official website of BANCA DELLO STATO DEL CANTONE TICINO, or search the current page of XTransfer, or call BANCA DELLO STATO DEL CANTONE TICINO to inquire about the SWIFT Code of the branch. For international business, you should first coordinate with the relevant branch in the target country and confirm the correct SWIFT Code based on the exact information provided by your business partner.

3. Is there any pattern in the composition of different SWIFT Codes for a multinational bank like BANCA DELLO STATO DEL CANTONE TICINO?

Usually, SWIFT Code consists of 8 or 11 characters. For BANCA DELLO STATO DEL CANTONE TICINO, the first 4 digits represent the bank code, which is the same for BANCA DELLO STATO DEL CANTONE TICINO worldwide; the 5th and 6th digits are the country code; and the 7th and 8th digits are the region code, which will be different for branches in various regions. If the code includes 11 digits, the last 3 digits represent the branch code, which is used to distinguish different branches within the same region.

4. Will the SWIFT Code for BANCA DELLO STATO DEL CANTONE TICINO be updated or changed?

Yes. When BANCA DELLO STATO DEL CANTONE TICINO undergoes an organizational restructuring, such as a branch relocation, merger or split, or when there is a significant change in the financial system of the region where BANCA DELLO STATO DEL CANTONE TICINO is located, its SWIFT Code may be updated and changed. BANCA DELLO STATO DEL CANTONE TICINO will announce the changes in advance through its official website, mobile banking APP and other channels. Therefore, when handling cross-border business, customers should pay attention to the announcement of BANCA DELLO STATO DEL CANTONE TICINO in time to confirm the latest SWIFT Code information, so as to avoid affecting the business.

5. Do different SWIFT Codes of BANCA DELLO STATO DEL CANTONE TICINO support the same scope of business?

The scope of business is different. While the same bank can operate with different SWIFT Codes for the same basic types of business, there are differences for some specialized businesses or for businesses in specific regions. For example, the SWIFT Code of some branches may be specialized to support trade finance business, while the SWIFT Code of other branches is more convenient for cross-border e-commerce collection. In addition, for some emerging markets or country-specific business, only the SWIFT Code of a particular branch may have the authority to process it. When conducting international business, it is important to check whether the SWIFT Code of BANCA DELLO STATO DEL CANTONE TICINO supports the corresponding business.