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SWIFT/BIC code PASCITM1BAE

PASCITM1BAE belongs to Banca Monte Dei Paschi di Siena S.P.A. in Molfetta, Italy.

PASCITM1BAE

Code details

SWIFT/BIC codePASCITM1BAE
8-character codePASCITM1
Branch codeBAE
BankBanca Monte Dei Paschi di Siena S.P.A.
BranchMolfetta AG. 3
CityMolfetta
CountryItaly

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.
BAE 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 PASCITM1BAE?

PASCITM1BAE identifies Molfetta AG. 3, a branch or department of Banca Monte Dei Paschi di Siena S.P.A. in Molfetta, Italy. Use this branch code only when the account is held at this specific branch.

What do the letters in PASCITM1BAE mean?

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 BAE is the code of the branch Molfetta AG. 3.

What happens if I use PASCITM1BAE incorrectly?

The payment may be delayed, returned or charged extra fees. Always check PASCITM1BAE with the recipient before you confirm.

Do I need PASCITM1BAE 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 PASCITM1BAE.

How long does a transfer to Banca Monte Dei Paschi di Siena S.P.A. take?

SEPA payments in euros normally arrive the next business day. Transfers in other currencies can take 1–3 business days.

What is the cheapest 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. Compare the amount that arrives in Euro with transfer services before you send – the difference can be large.

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