SWIFT/BIC code PASCITM1049
PASCITM1049 belongs to Banca Monte Dei Paschi di Siena S.P.A. in Parma, Italy.
Code details
| SWIFT/BIC code | PASCITM1049 |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | 049 |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | Parma AG. 2 |
| City | Parma |
| Country | Italy |
How the Banca Monte Dei Paschi di Siena S.P.A. SWIFT/BIC works
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.
- 049 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
What bank uses SWIFT/BIC code PASCITM1049?
PASCITM1049 is the SWIFT/BIC code of Parma AG. 2, a unit of Banca Monte Dei Paschi di Siena S.P.A. in Parma, Italy. Use this branch code only when the account is held at this specific branch.
What is the cheapest way to send money to Banca Monte Dei Paschi di Siena S.P.A. in Italy?
Banks often add 1–3% to the exchange rate on top of a fee. Compare what you receive in Euro with specialist providers before you send.
What does each part of PASCITM1049 stand for?
PASC is the institution code of Banca Monte Dei Paschi di Siena S.P.A., IT stands for Italy, M1 is the location code and 049 is the code of the department Parma AG. 2.
Can I use PASCITM1 instead of PASCITM1049?
PASCITM1 is the main office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1049 is Parma AG. 2. For a normal transfer the head office code is usually fine, but follow the instructions of the recipient if they mention PASCITM1049.
Do I need PASCITM1049 to send euros to Italy?
Italy belongs to the SEPA area. When you send euros the IBAN normally suffices and many banks fill in the BIC automatically. For other currencies you still need PASCITM1049.
How long does a transfer to Banca Monte Dei Paschi di Siena S.P.A. take?
Euro transfers within SEPA usually arrive within one business day, instant payments within seconds. Transfers in other currencies can take 2–4 business days.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.