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SWIFT/BIC code PASCITM1059

PASCITM1059 belongs to Banca Monte Dei Paschi di Siena S.P.A. in Novi di Modena, Italy.

PASCITM1059

Code details

SWIFT/BIC codePASCITM1059
8-character codePASCITM1
Branch code059
BankBanca Monte Dei Paschi di Siena S.P.A.
BranchNovi di Modena
CityNovi di Modena
CountryItaly

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.
059 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 bank is behind SWIFT code PASCITM1059?

PASCITM1059 identifies Novi di Modena, a unit of Banca Monte Dei Paschi di Siena S.P.A. in Novi di Modena, Italy. Use this branch code only when the recipient or their bank explicitly asks for it.

How long does it take to send money to Banca Monte Dei Paschi di Siena S.P.A. in Italy?

SEPA payments in euros normally arrive the next business day. Payments in other currencies can take 2–4 business days.

Do I need PASCITM1059 to send euros to Italy?

Italy is part of the SEPA area. For euro transfers the IBAN normally suffices. If you send another currency you still need PASCITM1059.

What happens if I use PASCITM1059 incorrectly?

The payment may be delayed, returned or charged extra fees. Double-check PASCITM1059 against the details from Banca Monte Dei Paschi di Siena S.P.A. before sending.

What is the best way to send money to Banca Monte Dei Paschi di Siena S.P.A.?

Many banks add 1–3% to the exchange rate on top of a fee. Check the amount that arrives in Euro with transfer services before you send.

Can I use PASCITM1 instead of PASCITM1059?

PASCITM1 points to the main office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1059 points to Novi di Modena. Most international transfers work with the head office code, but follow the instructions of the recipient if they mention PASCITM1059.

Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.