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SWIFT/BIC code PASCITM1M20

PASCITM1M20 belongs to Banca Monte Dei Paschi di Siena S.P.A. in Milano, Italy.

PASCITM1M20

Code details

SWIFT/BIC codePASCITM1M20
8-character codePASCITM1
Branch codeM20
BankBanca Monte Dei Paschi di Siena S.P.A.
Branch—
CityMilano
CountryItaly

How 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.
M20 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 uses BIC PASCITM1M20?

PASCITM1M20 identifies Banca Monte Dei Paschi di Siena S.P.A., a unit of Banca Monte Dei Paschi di Siena S.P.A. in Milano, Italy. Use this branch code only when 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. in Italy?

SEPA payments in euros usually arrive within one business day. Transfers in other currencies can take 2–4 business days.

Do I need PASCITM1M20 to send euros to Italy?

Italy is part of the SEPA area. For euro transfers the IBAN normally suffices and many banks fill in the BIC automatically. For other currencies you still need PASCITM1M20.

What does each part of PASCITM1M20 stand for?

PASC is the bank 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 M20 is the code of the branch 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. in Italy?

Many banks add several percent to the exchange rate on top of a fee. Check what you receive in Euro with specialist providers before you send.

What happens if I enter PASCITM1M20 incorrectly?

The payment may be delayed, returned or charged extra fees. Double-check PASCITM1M20 with the recipient before you confirm.

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