SWIFT/BIC code PASCITM1SAD
PASCITM1SAD belongs to Banca Monte Dei Paschi di Siena S.P.A. in Lavorate (Sarno), Italy.
Code details
| SWIFT/BIC code | PASCITM1SAD |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | SAD |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | — |
| City | Lavorate (Sarno) |
| 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.
- SAD 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/BIC code PASCITM1SAD?
PASCITM1SAD identifies Banca Monte Dei Paschi di Siena S.P.A., a unit of Banca Monte Dei Paschi di Siena S.P.A. in Lavorate (Sarno), Italy. Only use it if the recipient or their bank explicitly asks for it.
What happens if I enter PASCITM1SAD incorrectly?
Your transfer can bounce, get stuck or cost extra. Always check PASCITM1SAD against the details from Banca Monte Dei Paschi di Siena S.P.A. before sending.
What does each part of PASCITM1SAD 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 SAD identifies the branch Banca Monte Dei Paschi di Siena S.P.A..
Do I need PASCITM1SAD for a euro transfer 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 still need PASCITM1SAD.
How long does a transfer to Banca Monte Dei Paschi di Siena S.P.A. take?
Euro transfers within SEPA normally arrive the next business day, instant payments within seconds. Payments in other currencies can take 1–3 business days.
What is the best 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 what you receive in Euro with specialist providers 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.