SWIFT/BIC code PASCITM1SAI
PASCITM1SAI belongs to Banca Monte Dei Paschi di Siena S.P.A. in Nocera Inferiore, Italy.
Code details
| SWIFT/BIC code | PASCITM1SAI |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | SAI |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | — |
| City | Nocera Inferiore |
| 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.
- SAI 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 BIC PASCITM1SAI?
PASCITM1SAI is the SWIFT/BIC code of Banca Monte Dei Paschi di Siena S.P.A., a branch or department of Banca Monte Dei Paschi di Siena S.P.A. in Nocera Inferiore, Italy. Only use it if the account is held at this specific branch.
What is the best way to send money to Banca Monte Dei Paschi di Siena S.P.A. in Italy?
Banks often 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.
Can I use PASCITM1 instead of PASCITM1SAI?
PASCITM1 points to the main office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1SAI is Banca Monte Dei Paschi di Siena S.P.A.. Most international transfers work with the head office code, but use PASCITM1SAI if the recipient asks for it.
How long does it take to send money to Banca Monte Dei Paschi di Siena S.P.A.?
SEPA payments in euros usually arrive within one business day, instant payments within seconds. Transfers in other currencies can take 2–4 business days.
Do I need PASCITM1SAI 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. For other currencies you do need PASCITM1SAI.
What does each part of PASCITM1SAI 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 SAI is the code of the branch 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.