SWIFT/BIC code PASCITM1PAY
PASCITM1PAY belongs to Banca Monte Dei Paschi di Siena S.P.A. in Belmonte Mezzagno, Italy.
Code details
| SWIFT/BIC code | PASCITM1PAY |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | PAY |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | — |
| City | Belmonte Mezzagno |
| 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.
- PAY 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
What bank uses BIC PASCITM1PAY?
The code PASCITM1PAY belongs to Banca Monte Dei Paschi di Siena S.P.A., a branch or department of Banca Monte Dei Paschi di Siena S.P.A. in Belmonte Mezzagno, Italy. Only use it if the recipient or their bank explicitly asks for it.
Can I use PASCITM1 instead of PASCITM1PAY?
PASCITM1 is the head office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1PAY is 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 PASCITM1PAY.
What does each part of PASCITM1PAY mean?
PASC is the institution code of Banca Monte Dei Paschi di Siena S.P.A., IT stands for Italy, M1 is the location code and PAY identifies the department Banca Monte Dei Paschi di Siena S.P.A..
Has Banca Monte Dei Paschi di Siena S.P.A. got other SWIFT/BIC codes?
Yes, we list 2661 SWIFT/BIC codes for Banca Monte Dei Paschi di Siena S.P.A. in Italy. You can see them all on the bank page.
What is the cheapest way to send money to Banca Monte Dei Paschi di Siena S.P.A. in Italy?
Many banks add 1–3% to the exchange rate on top of a fee. Compare what you receive in Euro with transfer services before you send – the difference can be large.
Do I need PASCITM1PAY to send euros to Italy?
Italy is part of the SEPA area. For euro transfers the IBAN normally suffices. For other currencies you still need PASCITM1PAY.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.