SWIFT/BIC code PASCITM1023
PASCITM1023 belongs to Banca Monte Dei Paschi di Siena S.P.A. in San Lazzaro di Savena, Italy.
Code details
| SWIFT/BIC code | PASCITM1023 |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | 023 |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | Idice |
| City | San Lazzaro di Savena |
| Country | Italy |
How the Banca Monte Dei Paschi di Siena S.P.A. SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- PASC Bank code
- 4 letters that identify the bank.
- IT Country code
- 2 letters for the country (ISO 3166).
- M1 Location code
- 2 characters for the city or region of the head office.
- 023 Branch code
- 3 characters for a specific branch. XXX means the head office.
Check before you send
- Ask the recipient which bank and branch the account is held at.
- Use the head office code (XXX) when no branch is specified.
- Make sure the country in the code matches the country of the account.
Frequently asked questions
Which branch uses SWIFT/BIC code PASCITM1023?
PASCITM1023 is the SWIFT/BIC code of Idice, a unit of Banca Monte Dei Paschi di Siena S.P.A. in San Lazzaro di Savena, Italy. Use this branch code only when the recipient or their bank explicitly asks for it.
What does each part of PASCITM1023 stand for?
PASC is the bank code of Banca Monte Dei Paschi di Siena S.P.A., IT stands for Italy, M1 is the code for the city or region and 023 identifies the department Idice.
Do I need PASCITM1023 for a euro transfer to Italy?
Italy belongs to the SEPA area. For euro transfers the IBAN normally suffices. If you send another currency you still need PASCITM1023.
What happens if I use PASCITM1023 incorrectly?
Your transfer can bounce, get stuck or cost extra. Always check PASCITM1023 with the recipient before sending.
How long does it take to send money to Banca Monte Dei Paschi di Siena S.P.A. in Italy?
SEPA payments in euros usually arrive within one business day. Payments in other currencies can take 1–3 business days.
Can I use PASCITM1 instead of PASCITM1023?
PASCITM1 is the main office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1023 is Idice. Most international transfers work with the head office code, but use PASCITM1023 if the recipient asks for it.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.