SWIFT/BIC code PASCITM1659
PASCITM1659 belongs to Banca Monte Dei Paschi di Siena S.P.A. in Melzo, Italy.
Code details
| SWIFT/BIC code | PASCITM1659 |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | 659 |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | Melzo |
| City | Melzo |
| 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.
- 659 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 PASCITM1659?
PASCITM1659 identifies Melzo, a branch or department of Banca Monte Dei Paschi di Siena S.P.A. in Melzo, 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. in Italy?
Euro transfers within SEPA usually arrive within one business day, instant payments within seconds. Transfers in other currencies can take 2–4 business days.
Do I need PASCITM1659 for a euro transfer to Italy?
Italy belongs to the SEPA area. When you send euros the IBAN normally suffices and many banks fill in the BIC automatically. For other currencies you still need PASCITM1659.
What is the best way to send money to Banca Monte Dei Paschi di Siena S.P.A. in Italy?
Banks often add several percent to the exchange rate on top of a fee. Check what you receive in Euro with transfer services before you send.
Can I use PASCITM1 instead of PASCITM1659?
PASCITM1 is the main office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1659 is Melzo. Most international transfers work with the head office code, yet follow the instructions of the recipient if they mention PASCITM1659.
What happens if I use PASCITM1659 with a typo?
The payment may be delayed, returned or charged extra fees. Double-check PASCITM1659 with the recipient before you confirm.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.