SWIFT/BIC code PASCITM1SAT
PASCITM1SAT belongs to Banca Monte Dei Paschi di Siena S.P.A. in Contursi Terme, Italy.
Code details
| SWIFT/BIC code | PASCITM1SAT |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | SAT |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | — |
| City | Contursi Terme |
| 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.
- SAT 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
What bank is behind BIC PASCITM1SAT?
PASCITM1SAT identifies Banca Monte Dei Paschi di Siena S.P.A., a unit of Banca Monte Dei Paschi di Siena S.P.A. in Contursi Terme, Italy. Use this branch code only when the account is held at this specific branch.
Can I use PASCITM1 instead of PASCITM1SAT?
PASCITM1 is the main office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1SAT is Banca Monte Dei Paschi di Siena S.P.A.. Most international transfers work with the head office code, but follow the instructions of the recipient if they mention PASCITM1SAT.
What happens if I use PASCITM1SAT incorrectly?
The payment may be delayed, returned or charged extra fees. Always check PASCITM1SAT with the recipient before sending.
What does each part of PASCITM1SAT stand for?
PASC is the institution code of Banca Monte Dei Paschi di Siena S.P.A., IT is the ISO code of Italy, M1 is the location code and SAT identifies the department 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.?
Banks often add several percent 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.
How long does it take to send money to Banca Monte Dei Paschi di Siena S.P.A. in Italy?
SEPA payments in euros normally arrive the next business day. Transfers in other currencies can take 2–4 business days.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.