SWIFT/BIC code PASCITM1RC8
PASCITM1RC8 belongs to Banca Monte Dei Paschi di Siena S.P.A. in Roccella Ionica, Italy.
Code details
| SWIFT/BIC code | PASCITM1RC8 |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | RC8 |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | — |
| City | Roccella Ionica |
| Country | Italy |
The way the Banca Monte Dei Paschi di Siena S.P.A. SWIFT/BIC is structured
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.
- RC8 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 PASCITM1RC8?
PASCITM1RC8 identifies Banca Monte Dei Paschi di Siena S.P.A., a unit of Banca Monte Dei Paschi di Siena S.P.A. in Roccella Ionica, Italy. Use this branch code only when the account is held at this specific branch.
Do I need PASCITM1RC8 to send euros to Italy?
Italy belongs to the SEPA area. For euro transfers the IBAN is usually enough. If you send another currency you do need PASCITM1RC8.
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 2–4 business days.
What does each part of PASCITM1RC8 stand for?
PASC is the bank code of Banca Monte Dei Paschi di Siena S.P.A., IT stands for Italy, M1 is the location code and RC8 is the code of the branch Banca Monte Dei Paschi di Siena S.P.A..
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 specialist providers before you send – the difference can be large.
Can I use PASCITM1 instead of PASCITM1RC8?
PASCITM1 is the head office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1RC8 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 PASCITM1RC8.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.