SWIFT/BIC code PASCITM1RCR
PASCITM1RCR belongs to Banca Monte Dei Paschi di Siena S.P.A. in Reggio di Calabria, Italy.
Code details
| SWIFT/BIC code | PASCITM1RCR |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | RCR |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | — |
| City | Reggio di Calabria |
| 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.
- RCR 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 PASCITM1RCR?
The code PASCITM1RCR belongs to Banca Monte Dei Paschi di Siena S.P.A., a unit of Banca Monte Dei Paschi di Siena S.P.A. in Reggio di Calabria, Italy. Use this branch code only when the recipient or their bank explicitly asks for it.
What happens if I enter PASCITM1RCR incorrectly?
The payment may be delayed, returned or charged extra fees. Double-check PASCITM1RCR with the recipient before you confirm.
How long does a transfer to Banca Monte Dei Paschi di Siena S.P.A. take?
SEPA payments in euros usually arrive within one business day, instant payments within seconds. Payments in other currencies can take 1–3 business days.
Do I need PASCITM1RCR for a euro transfer to Italy?
Italy belongs to the SEPA area. When you send euros the IBAN normally suffices and many banks fill in the BIC automatically. For other currencies you do need PASCITM1RCR.
Can I use PASCITM1 instead of PASCITM1RCR?
PASCITM1 points to the head office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1RCR is Banca Monte Dei Paschi di Siena S.P.A.. For a normal transfer the head office code is usually fine, yet follow the instructions of the recipient if they mention PASCITM1RCR.
What do the letters in PASCITM1RCR 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 RCR is the code of the department Banca Monte Dei Paschi di Siena S.P.A..
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.