SWIFT/BIC code PASCITM1351
PASCITM1351 belongs to Banca Monte Dei Paschi di Siena S.P.A. in Parma, Italy.
Code details
| SWIFT/BIC code | PASCITM1351 |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | 351 |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | Parma AG. 4 |
| City | Parma |
| Country | Italy |
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.
- 351 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 BIC PASCITM1351?
The code PASCITM1351 belongs to Parma AG. 4, a unit of Banca Monte Dei Paschi di Siena S.P.A. in Parma, 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.?
Many banks add several percent to the exchange rate on top of a fee. Compare what you receive in Euro with specialist providers before you send – the difference can be large.
What happens if I use PASCITM1351 incorrectly?
The payment may be delayed, returned or charged extra fees. Always check PASCITM1351 against the details from Banca Monte Dei Paschi di Siena S.P.A. before sending.
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, instant payments within seconds. Payments in other currencies can take 2–4 business days.
Do I need PASCITM1351 for a euro transfer to Italy?
Italy is part of the SEPA area. When you send euros the IBAN is usually enough and many banks fill in the BIC automatically. For other currencies you still need PASCITM1351.
What do the letters in PASCITM1351 mean?
PASC is the institution code of Banca Monte Dei Paschi di Siena S.P.A., IT is the ISO code of Italy, M1 is the code for the city or region and 351 identifies the department Parma AG. 4.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.