SWIFT/BIC code PASCITM1BG5
PASCITM1BG5 belongs to Banca Monte Dei Paschi di Siena S.P.A. in Ranica, Italy.
Code details
| SWIFT/BIC code | PASCITM1BG5 |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | BG5 |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | — |
| City | Ranica |
| Country | Italy |
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.
- BG5 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 uses SWIFT/BIC code PASCITM1BG5?
The code PASCITM1BG5 belongs to Banca Monte Dei Paschi di Siena S.P.A., a unit of Banca Monte Dei Paschi di Siena S.P.A. in Ranica, Italy. Only use it if the recipient or their bank explicitly asks for it.
Do I need PASCITM1BG5 for a euro transfer to Italy?
Italy belongs to the SEPA area. For euro transfers the IBAN normally suffices. For other currencies you do need PASCITM1BG5.
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, instant payments within seconds. Payments in other currencies can take 2–4 business days.
What do the letters in PASCITM1BG5 mean?
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 BG5 identifies the department Banca Monte Dei Paschi di Siena S.P.A..
What is the cheapest way to send money to Banca Monte Dei Paschi di Siena S.P.A.?
Banks often add several percent to the exchange rate on top of a fee. Compare what you receive in Euro with transfer services before you send – the difference can be large.
Can I use PASCITM1 instead of PASCITM1BG5?
PASCITM1 points to the head office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1BG5 is Banca Monte Dei Paschi di Siena S.P.A.. For a normal transfer the head office code is usually fine, yet use PASCITM1BG5 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.