SWIFT/BIC code PASCITM1319
PASCITM1319 belongs to Banca Monte Dei Paschi di Siena S.P.A. in Rio Saliceto, Italy.
Code details
| SWIFT/BIC code | PASCITM1319 |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | 319 |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | Rio Saliceto |
| City | Rio Saliceto |
| Country | Italy |
How the Banca Monte Dei Paschi di Siena S.P.A. SWIFT/BIC is structured
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.
- 319 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 is behind SWIFT code PASCITM1319?
PASCITM1319 identifies Rio Saliceto, a unit of Banca Monte Dei Paschi di Siena S.P.A. in Rio Saliceto, Italy. Only use it if the account is held at this specific branch.
How long does it take to send money to Banca Monte Dei Paschi di Siena S.P.A. in Italy?
Euro transfers within SEPA usually arrive within one business day. Payments in other currencies can take 2–4 business days.
Do I need PASCITM1319 to send euros to Italy?
Italy belongs to the SEPA area. For euro transfers the IBAN normally suffices and many banks fill in the BIC automatically. If you send another currency you do need PASCITM1319.
What do the letters in PASCITM1319 mean?
PASC is the institution 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 319 identifies the department Rio Saliceto.
What is the cheapest 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. Compare the amount that arrives in Euro with specialist providers before you send – the difference can be large.
Can I use PASCITM1 instead of PASCITM1319?
PASCITM1 is the head office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1319 is Rio Saliceto. For a normal transfer the head office code is usually fine, yet follow the instructions of the recipient if they mention PASCITM1319.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.