SWIFT/BIC code PASCITM1V87
PASCITM1V87 belongs to Banca Monte Dei Paschi di Siena S.P.A. in Spresiano, Italy.
Code details
| SWIFT/BIC code | PASCITM1V87 |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | V87 |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | Spresiano |
| City | Spresiano |
| Country | Italy |
How 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.
- V87 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 uses SWIFT code PASCITM1V87?
The code PASCITM1V87 belongs to Spresiano, a unit of Banca Monte Dei Paschi di Siena S.P.A. in Spresiano, Italy. Use this branch code only when the recipient or their bank explicitly asks for it.
What is the cheapest way to send money to Banca Monte Dei Paschi di Siena S.P.A.?
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.
Can I use PASCITM1 instead of PASCITM1V87?
PASCITM1 is the main office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1V87 is Spresiano. Most international transfers work with the head office code, yet use PASCITM1V87 if the recipient asks for it.
Do I need PASCITM1V87 to send euros to Italy?
Italy belongs to the SEPA area. For euro transfers the IBAN is usually enough and many banks fill in the BIC automatically. For other currencies you still need PASCITM1V87.
How long does it take to send money to Banca Monte Dei Paschi di Siena S.P.A.?
SEPA payments in euros normally arrive the next business day. Payments in other currencies can take 2–4 business days.
What does each part of PASCITM1V87 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 V87 identifies the department Spresiano.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.