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General Information About Italy Bank ABI & CAB Code
What is Italy ABI & CAB Code/Codici?
ABI Code (Bank Code) :
ABI stands for Associazione Bancaria Italiana (Italian Banking Association). The ABI code (codici ABI ) also known as bank code is a unique five digits numerical code, which represents a specific financial institution in Italy. This code assigned by Italian Banking Association. The first digit of the ABI code is always a zero.
CAB Code (Branch Code) :
CAB stands for Codice di Avviamento Bancario. The CAB code (codici CAB) is also a five digits numeric code that identifies the specific credit agency/financial institution particular branch. This CAB code helps to find where or which specific bank branch your account is held.The CAB and ABI codes are usually also present in the contract that is stipulated when the current account is opened.
What is ABI & CAB code used for?
The Italian ABI/CAB, used to clear funds and/or route payments in Italy, and San Marino.