SWIFT/BIC code PASCITM1L87
PASCITM1L87 belongs to Banca Monte Dei Paschi di Siena S.P.A. in Novoli, Italy.
Code details
| SWIFT/BIC code | PASCITM1L87 |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | L87 |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | — |
| City | Novoli |
| 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.
- L87 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 branch is behind SWIFT/BIC code PASCITM1L87?
PASCITM1L87 is the SWIFT/BIC code of Banca Monte Dei Paschi di Siena S.P.A., part of Banca Monte Dei Paschi di Siena S.P.A. in Novoli, Italy. Only use it if the recipient or their bank explicitly asks for it.
What do the letters in PASCITM1L87 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 L87 identifies the branch Banca Monte Dei Paschi di Siena S.P.A..
Do I need PASCITM1L87 for a euro transfer to Italy?
Italy belongs to the SEPA area. When you send euros the IBAN normally suffices. If you send another currency you still need PASCITM1L87.
How long does it take to send money to Banca Monte Dei Paschi di Siena S.P.A.?
Euro transfers within SEPA usually arrive within one business day, instant payments within seconds. Payments in other currencies can take 2–4 business days.
Can I use PASCITM1 instead of PASCITM1L87?
PASCITM1 is the main office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1L87 is Banca Monte Dei Paschi di Siena S.P.A.. Most international transfers work with the head office code, yet follow the instructions of the recipient if they mention PASCITM1L87.
What is the cheapest way to send money to Banca Monte Dei Paschi di Siena S.P.A.?
Banks often add 1–3% to the exchange rate on top of a fee. Compare the amount that arrives in Euro with specialist providers 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.