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SWIFT/BIC code PASCITM1088

PASCITM1088 belongs to Banca Monte Dei Paschi di Siena S.P.A. in Sermide, Italy.

PASCITM1088

Code details

SWIFT/BIC codePASCITM1088
8-character codePASCITM1
Branch code088
BankBanca Monte Dei Paschi di Siena S.P.A.
BranchSermide
CitySermide
CountryItaly

The way 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.
088 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 code PASCITM1088?

PASCITM1088 identifies Sermide, a unit of Banca Monte Dei Paschi di Siena S.P.A. in Sermide, Italy. Only use it if 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?

Many banks add several percent to the exchange rate on top of a fee. Check what you receive in Euro with specialist providers before you send.

What do the letters in PASCITM1088 mean?

PASC is the bank code of Banca Monte Dei Paschi di Siena S.P.A., IT stands for Italy, M1 is the location code and 088 identifies the branch Sermide.

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. Transfers in other currencies can take 2–4 business days.

Do I need PASCITM1088 for a euro transfer to Italy?

Italy belongs to the SEPA area. When you send euros the IBAN normally suffices. If you send another currency you still need PASCITM1088.

Can I use PASCITM1 instead of PASCITM1088?

PASCITM1 is the main office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1088 points to Sermide. For a normal transfer the head office code is usually fine, yet use PASCITM1088 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.