SWIFT/BIC code PASCITM1LER
PASCITM1LER belongs to Banca Monte Dei Paschi di Siena S.P.A. in Martano, Italy.
Code details
| SWIFT/BIC code | PASCITM1LER |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | LER |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | Martano |
| City | Martano |
| 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.
- LER 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 is behind SWIFT code PASCITM1LER?
PASCITM1LER is the SWIFT/BIC code of Martano, a branch or department of Banca Monte Dei Paschi di Siena S.P.A. in Martano, Italy. Only use it if the recipient or their bank explicitly asks for it.
What do the letters in PASCITM1LER stand for?
PASC is the institution code of Banca Monte Dei Paschi di Siena S.P.A., IT is the ISO code of Italy, M1 is the code for the city or region and LER identifies the branch Martano.
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.
Do I need PASCITM1LER to send euros to Italy?
Italy is part of the SEPA area. For euro transfers the IBAN is usually enough and many banks fill in the BIC automatically. For other currencies you do need PASCITM1LER.
Can I use PASCITM1 instead of PASCITM1LER?
PASCITM1 points to the head office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1LER is Martano. Most international transfers work with the head office code, but follow the instructions of the recipient if they mention PASCITM1LER.
What is the best 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 specialist providers before you send.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.