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SWIFT/BIC code PASCITM1A83

PASCITM1A83 belongs to Banca Monte Dei Paschi di Siena S.P.A. in Valenzano, Italy.

PASCITM1A83

Code details

SWIFT/BIC codePASCITM1A83
8-character codePASCITM1
Branch codeA83
BankBanca Monte Dei Paschi di Siena S.P.A.
BranchValenzano
CityValenzano
CountryItaly

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.
A83 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 BIC PASCITM1A83?

PASCITM1A83 is the SWIFT/BIC code of Valenzano, a branch or department of Banca Monte Dei Paschi di Siena S.P.A. in Valenzano, Italy. Only use it if the recipient or their bank explicitly asks for it.

What does each part of PASCITM1A83 stand for?

PASC is the institution code of Banca Monte Dei Paschi di Siena S.P.A., IT stands for Italy, M1 is the location code and A83 is the code of the branch Valenzano.

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. Payments in other currencies can take 2–4 business days.

Do I need PASCITM1A83 for a euro transfer to Italy?

Italy is part of 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 PASCITM1A83.

What is the best 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.

What happens if I use PASCITM1A83 incorrectly?

Your transfer can bounce, get stuck or cost extra. Always check PASCITM1A83 against the details from Banca Monte Dei Paschi di Siena S.P.A. before you confirm.

Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.