SWIFT/BIC code PASCITM1PAX
PASCITM1PAX belongs to Banca Monte Dei Paschi di Siena S.P.A. in Bagheria, Italy.
Code details
| SWIFT/BIC code | PASCITM1PAX |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | PAX |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | — |
| City | Bagheria |
| 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.
- PAX 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/BIC code PASCITM1PAX?
PASCITM1PAX 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 Bagheria, Italy. Only use it if the account is held at this specific branch.
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. Compare what you receive in Euro with specialist providers before you send.
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. Payments in other currencies can take 2–4 business days.
Do I need PASCITM1PAX to send euros to Italy?
Italy belongs to the SEPA area. When you send euros the IBAN is usually enough and many banks fill in the BIC automatically. For other currencies you still need PASCITM1PAX.
What does each part of PASCITM1PAX 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 location code and PAX identifies the department Banca Monte Dei Paschi di Siena S.P.A..
Can I use PASCITM1 instead of PASCITM1PAX?
PASCITM1 is the main office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1PAX points to 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 PASCITM1PAX.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.