SWIFT/BIC code PASCITM1LIP
PASCITM1LIP belongs to Banca Monte Dei Paschi di Siena S.P.A. in Piombino, Italy.
Code details
| SWIFT/BIC code | PASCITM1LIP |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | LIP |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | — |
| City | Piombino |
| Country | Italy |
The way 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.
- LIP 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 code PASCITM1LIP?
PASCITM1LIP is the SWIFT/BIC code of Banca Monte Dei Paschi di Siena S.P.A., a unit of Banca Monte Dei Paschi di Siena S.P.A. in Piombino, Italy. Only use it if the account is held at this specific branch.
How long does it take to send money to Banca Monte Dei Paschi di Siena S.P.A.?
SEPA payments in euros normally arrive the next business day, instant payments within seconds. Payments in other currencies can take 1–3 business days.
What is the best way to send money to Banca Monte Dei Paschi di Siena S.P.A. in Italy?
Many banks add several percent to the exchange rate on top of a fee. Check the amount that arrives in Euro with transfer services before you send – the difference can be large.
Do I need PASCITM1LIP to send euros to Italy?
Italy belongs to the SEPA area. For euro transfers the IBAN is usually enough. For other currencies you still need PASCITM1LIP.
What does each part of PASCITM1LIP mean?
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 location code and LIP is the code of the department Banca Monte Dei Paschi di Siena S.P.A..
Can I use PASCITM1 instead of PASCITM1LIP?
PASCITM1 is the head office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1LIP is Banca Monte Dei Paschi di Siena S.P.A.. Most international transfers work with the head office code, yet use PASCITM1LIP 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.