SWIFT/BIC code PASCITM1R17
PASCITM1R17 belongs to Banca Monte Dei Paschi di Siena S.P.A. in Roma, Italy.
Code details
| SWIFT/BIC code | PASCITM1R17 |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | R17 |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | Roma Ag.153 |
| City | Roma |
| 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.
- R17 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 SWIFT code PASCITM1R17?
PASCITM1R17 identifies Roma Ag.153, a unit of Banca Monte Dei Paschi di Siena S.P.A. in Roma, Italy. Use this branch code only when the account is held at this specific branch.
How long does a transfer to Banca Monte Dei Paschi di Siena S.P.A. take in Italy?
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 PASCITM1R17 to send euros to Italy?
Italy belongs to the SEPA area. For euro transfers the IBAN is usually enough and many banks fill in the BIC automatically. For other currencies you still need PASCITM1R17.
What do the letters in PASCITM1R17 mean?
PASC is the bank code of Banca Monte Dei Paschi di Siena S.P.A., IT stands for Italy, M1 is the code for the city or region and R17 identifies the branch Roma Ag.153.
Can I use PASCITM1 instead of PASCITM1R17?
PASCITM1 is the main office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1R17 points to Roma Ag.153. Most international transfers work with the head office code, yet use PASCITM1R17 if the recipient asks for it.
What is the cheapest way to send money to Banca Monte Dei Paschi di Siena S.P.A.?
Many banks add 1–3% to the exchange rate on top of a fee. Check the amount that arrives in Euro with transfer services before you send – the difference can be large.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.