SWIFT/BIC code PASCITM1AVG
PASCITM1AVG belongs to Banca Monte Dei Paschi di Siena S.P.A. in Grottaminarda, Italy.
Code details
| SWIFT/BIC code | PASCITM1AVG |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | AVG |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | — |
| City | Grottaminarda |
| Country | Italy |
How the Banca Monte Dei Paschi di Siena S.P.A. SWIFT/BIC is built up
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.
- AVG 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 is behind SWIFT/BIC code PASCITM1AVG?
The code PASCITM1AVG belongs to Banca Monte Dei Paschi di Siena S.P.A., a unit of Banca Monte Dei Paschi di Siena S.P.A. in Grottaminarda, Italy. Use this branch code only when the account is held at this specific branch.
Do I need PASCITM1AVG 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. If you send another currency you still need PASCITM1AVG.
How long does a transfer to Banca Monte Dei Paschi di Siena S.P.A. take 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.
What happens if I enter PASCITM1AVG with a typo?
Your transfer can bounce, get stuck or cost extra. Always check PASCITM1AVG with the recipient before sending.
What does each part of PASCITM1AVG stand for?
PASC is the bank 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 AVG identifies the branch Banca Monte Dei Paschi di Siena S.P.A..
Can I use PASCITM1 instead of PASCITM1AVG?
PASCITM1 is the head office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1AVG points to Banca Monte Dei Paschi di Siena S.P.A.. Most international transfers work with the head office code, yet use PASCITM1AVG 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.