SWIFT/BIC code PASCITM1PM5
PASCITM1PM5 belongs to Banca Monte Dei Paschi di Siena S.P.A. in Milano, Italy.
Code details
| SWIFT/BIC code | PASCITM1PM5 |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | PM5 |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | Centro Pmi Milano 5 |
| City | Milano |
| Country | Italy |
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.
- PM5 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/BIC code PASCITM1PM5?
The code PASCITM1PM5 belongs to Centro Pmi Milano 5, part of Banca Monte Dei Paschi di Siena S.P.A. in Milano, Italy. Only use it if the account is held at this specific branch.
How long does a transfer to Banca Monte Dei Paschi di Siena S.P.A. take?
Euro transfers within SEPA normally arrive the next business day, instant payments within seconds. Payments in other currencies can take 2–4 business days.
Do I need PASCITM1PM5 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 PASCITM1PM5.
What does each part of PASCITM1PM5 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 code for the city or region and PM5 is the code of the branch Centro Pmi Milano 5.
What happens if I enter PASCITM1PM5 incorrectly?
Your transfer can bounce, get stuck or cost extra. Double-check PASCITM1PM5 with the recipient before you confirm.
Can I use PASCITM1 instead of PASCITM1PM5?
PASCITM1 is the head office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1PM5 points to Centro Pmi Milano 5. For a normal transfer the head office code is usually fine, yet follow the instructions of the recipient if they mention PASCITM1PM5.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.