SWIFT/BIC code PASCITM1SAP
PASCITM1SAP belongs to Banca Monte Dei Paschi di Siena S.P.A. in Sapri, Italy.
Code details
| SWIFT/BIC code | PASCITM1SAP |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | SAP |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | — |
| City | Sapri |
| Country | Italy |
The way 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.
- SAP 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 is behind BIC PASCITM1SAP?
PASCITM1SAP 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 Sapri, Italy. Only use it if the account is held at this specific branch.
What does each part of PASCITM1SAP 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 SAP is the code of the branch Banca Monte Dei Paschi di Siena S.P.A..
Can I use PASCITM1 instead of PASCITM1SAP?
PASCITM1 is the head office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1SAP points to 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 PASCITM1SAP.
How long does a transfer to Banca Monte Dei Paschi di Siena S.P.A. take?
Euro transfers within SEPA usually arrive within one business day, instant payments within seconds. Transfers in other currencies can take 2–4 business days.
Do I need PASCITM1SAP for a euro transfer to Italy?
Italy belongs to the SEPA area. For euro transfers the IBAN is usually enough. If you send another currency you do need PASCITM1SAP.
What is the cheapest way to send money to Banca Monte Dei Paschi di Siena S.P.A. in Italy?
Many banks add 1–3% to the exchange rate on top of a fee. Check the amount that arrives in Euro with transfer services 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.