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SWIFT/BIC code PASCITM1V70

PASCITM1V70 belongs to Banca Monte Dei Paschi di Siena S.P.A. in Gavello (Mirandola), Italy.

PASCITM1V70

Code details

SWIFT/BIC codePASCITM1V70
8-character codePASCITM1
Branch codeV70
BankBanca Monte Dei Paschi di Siena S.P.A.
BranchGavello (Mirandola
CityGavello (Mirandola)
CountryItaly

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.
V70 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 PASCITM1V70?

PASCITM1V70 identifies Gavello (Mirandola, part of Banca Monte Dei Paschi di Siena S.P.A. in Gavello (Mirandola), Italy. Use this branch code only when the recipient or their bank explicitly asks for it.

Do I need PASCITM1V70 to send euros to Italy?

Italy belongs to the SEPA area. When you send euros the IBAN normally suffices and many banks fill in the BIC automatically. For other currencies you still need PASCITM1V70.

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. Payments in other currencies can take 1–3 business days.

What do the letters in PASCITM1V70 mean?

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 V70 is the code of the department Gavello (Mirandola.

Can I use PASCITM1 instead of PASCITM1V70?

PASCITM1 is the head office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1V70 is Gavello (Mirandola. Most international transfers work with the head office code, but use PASCITM1V70 if the recipient asks for it.

What happens if I use PASCITM1V70 incorrectly?

Your transfer can bounce, get stuck or cost extra. Double-check PASCITM1V70 with the recipient before sending.

Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.