SWIFT/BIC code PASCITM1M57
PASCITM1M57 belongs to Banca Monte Dei Paschi di Siena S.P.A. in Milano, Italy.
Code details
| SWIFT/BIC code | PASCITM1M57 |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | M57 |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | Milano AG. 57 |
| City | Milano |
| 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.
- M57 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 code PASCITM1M57?
The code PASCITM1M57 belongs to Milano AG. 57, a unit of Banca Monte Dei Paschi di Siena S.P.A. in Milano, Italy. Use this branch code only when the recipient or their bank explicitly asks for it.
How long does a transfer to Banca Monte Dei Paschi di Siena S.P.A. take in Italy?
SEPA payments in euros normally arrive the next business day. Transfers in other currencies can take 2–4 business days.
Do I need PASCITM1M57 for a euro transfer to Italy?
Italy belongs to the SEPA area. For euro transfers the IBAN is usually enough. For other currencies you still need PASCITM1M57.
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 the amount that arrives in Euro with transfer services before you send.
Can I use PASCITM1 instead of PASCITM1M57?
PASCITM1 is the main office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1M57 points to Milano AG. 57. Most international transfers work with the head office code, yet use PASCITM1M57 if the recipient asks for it.
What happens if I use PASCITM1M57 incorrectly?
The payment may be delayed, returned or charged extra fees. Always check PASCITM1M57 with the recipient before sending.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.