SWIFT/BIC code PASCITM1TAT
PASCITM1TAT belongs to Banca Monte Dei Paschi di Siena S.P.A. in Grottaglie, Italy.
Code details
| SWIFT/BIC code | PASCITM1TAT |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | TAT |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | — |
| City | Grottaglie |
| Country | Italy |
How 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.
- TAT 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 PASCITM1TAT?
PASCITM1TAT identifies Banca Monte Dei Paschi di Siena S.P.A., part of Banca Monte Dei Paschi di Siena S.P.A. in Grottaglie, Italy. Use this branch code only when the recipient or their bank explicitly asks for it.
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 the amount that arrives in Euro with transfer services before you send.
What do the letters in PASCITM1TAT 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 TAT is the code of the department Banca Monte Dei Paschi di Siena S.P.A..
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. Transfers in other currencies can take 2–4 business days.
Do I need PASCITM1TAT for a euro transfer to Italy?
Italy is part of 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 PASCITM1TAT.
Can I use PASCITM1 instead of PASCITM1TAT?
PASCITM1 points to the head office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1TAT points to Banca Monte Dei Paschi di Siena S.P.A.. Most international transfers work with the head office code, but use PASCITM1TAT if the recipient asks for it.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.