SWIFT/BIC code PASCITM1606
PASCITM1606 belongs to Banca Monte Dei Paschi di Siena S.P.A. in Gioia del Colle, Italy.
Code details
| SWIFT/BIC code | PASCITM1606 |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | 606 |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | Gioia del Colle AG. 1 |
| City | Gioia del Colle |
| Country | Italy |
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.
- 606 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 PASCITM1606?
PASCITM1606 is the SWIFT/BIC code of Gioia del Colle AG. 1, part of Banca Monte Dei Paschi di Siena S.P.A. in Gioia del Colle, Italy. Use this branch code only when 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.?
SEPA payments in euros normally arrive the next business day. Transfers in other currencies can take 1–3 business days.
Do I need PASCITM1606 for a euro transfer 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 still need PASCITM1606.
What do the letters in PASCITM1606 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 606 is the code of the branch Gioia del Colle AG. 1.
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. Compare the amount that arrives in Euro with specialist providers before you send – the difference can be large.
Can I use PASCITM1 instead of PASCITM1606?
PASCITM1 points to the head office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1606 is Gioia del Colle AG. 1. For a normal transfer the head office code is usually fine, yet use PASCITM1606 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.