SWIFT/BIC code PASCITM1R16
PASCITM1R16 belongs to Banca Monte Dei Paschi di Siena S.P.A. in Roma, Italy.
Code details
| SWIFT/BIC code | PASCITM1R16 |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | R16 |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | — |
| City | Roma |
| 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.
- R16 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 is behind SWIFT code PASCITM1R16?
PASCITM1R16 identifies Banca Monte Dei Paschi di Siena S.P.A., a branch or department of Banca Monte Dei Paschi di Siena S.P.A. in Roma, Italy. Use this branch code only when the recipient or their bank explicitly asks for it.
Can I use PASCITM1 instead of PASCITM1R16?
PASCITM1 is the main office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1R16 points to Banca Monte Dei Paschi di Siena S.P.A.. For a normal transfer the head office code is usually fine, but follow the instructions of the recipient if they mention PASCITM1R16.
Has Banca Monte Dei Paschi di Siena S.P.A. got more 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 best 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 the amount that arrives in Euro with specialist providers before you send – the difference can be large.
Do I need PASCITM1R16 to send euros to Italy?
Italy is part of the SEPA area. For euro transfers the IBAN normally suffices. For other currencies you do need PASCITM1R16.
How long does it take to send money to Banca Monte Dei Paschi di Siena S.P.A. in Italy?
Euro transfers within SEPA usually arrive within one business day. Payments in other currencies can take 2–4 business days.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.