SWIFT/BIC code PASCITM1R98
PASCITM1R98 belongs to Banca Monte Dei Paschi di Siena S.P.A. in Bracciano, Italy.
Code details
| SWIFT/BIC code | PASCITM1R98 |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | R98 |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | — |
| City | Bracciano |
| 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.
- R98 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 uses SWIFT code PASCITM1R98?
The code PASCITM1R98 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 Bracciano, Italy. Use this branch code only when the recipient or their bank explicitly asks for it.
Do I need PASCITM1R98 to send euros to Italy?
Italy belongs to the SEPA area. For euro transfers the IBAN normally suffices and many banks fill in the BIC automatically. If you send another currency you do need PASCITM1R98.
How long does it take to send money to Banca Monte Dei Paschi di Siena S.P.A. in Italy?
Euro transfers within SEPA normally arrive the next business day. Transfers in other currencies can take 1–3 business days.
What happens if I use PASCITM1R98 incorrectly?
Your transfer can bounce, get stuck or cost extra. Double-check PASCITM1R98 against the details from Banca Monte Dei Paschi di Siena S.P.A. before you confirm.
What do the letters in PASCITM1R98 stand for?
PASC is the institution 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 R98 identifies the department Banca Monte Dei Paschi di Siena S.P.A..
Can I use PASCITM1 instead of PASCITM1R98?
PASCITM1 points to the head office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1R98 is Banca Monte Dei Paschi di Siena S.P.A.. For a normal transfer the head office code is usually fine, but use PASCITM1R98 if the recipient asks for it.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.