SWIFT/BIC code PASCITM1340
PASCITM1340 belongs to Banca Monte Dei Paschi di Siena S.P.A. in Modena, Italy.
Code details
| SWIFT/BIC code | PASCITM1340 |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | 340 |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | Modena AG. 3 |
| City | Modena |
| 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.
- 340 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 PASCITM1340?
The code PASCITM1340 belongs to Modena AG. 3, a unit of Banca Monte Dei Paschi di Siena S.P.A. in 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.?
SEPA payments in euros usually arrive within one business day, instant payments within seconds. Payments in other currencies can take 1–3 business days.
Do I need PASCITM1340 to send euros to Italy?
Italy belongs to the SEPA area. When you send euros the IBAN is usually enough and many banks fill in the BIC automatically. If you send another currency you do need PASCITM1340.
What does each part of PASCITM1340 stand for?
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 340 is the code of the branch Modena AG. 3.
Can I use PASCITM1 instead of PASCITM1340?
PASCITM1 is the head office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1340 is Modena AG. 3. For a normal transfer the head office code is usually fine, yet follow the instructions of the recipient if they mention PASCITM1340.
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. Check the amount that arrives in Euro with specialist providers before you send.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.