SWIFT/BIC code PASCITM1W51
PASCITM1W51 belongs to Banca Monte Dei Paschi di Siena S.P.A. in Impruneta, Italy.
Code details
| SWIFT/BIC code | PASCITM1W51 |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | W51 |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | Tavarnuzze |
| City | Impruneta |
| 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.
- W51 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 SWIFT code PASCITM1W51?
PASCITM1W51 identifies Tavarnuzze, a branch or department of Banca Monte Dei Paschi di Siena S.P.A. in Impruneta, Italy. Only use it if the recipient or their bank explicitly asks for it.
How long does a transfer to Banca Monte Dei Paschi di Siena S.P.A. take in Italy?
SEPA payments in euros usually arrive within one business day. Transfers in other currencies can take 1–3 business days.
Do I need PASCITM1W51 for a euro transfer to Italy?
Italy is part of the SEPA area. For euro transfers the IBAN is usually enough and many banks fill in the BIC automatically. If you send another currency you still need PASCITM1W51.
What do the letters in PASCITM1W51 mean?
PASC is the bank 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 W51 identifies the department Tavarnuzze.
Can I use PASCITM1 instead of PASCITM1W51?
PASCITM1 points to the main office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1W51 points to Tavarnuzze. Most international transfers work with the head office code, but use PASCITM1W51 if the recipient asks for it.
What is the cheapest way to send money to Banca Monte Dei Paschi di Siena S.P.A. in Italy?
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.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.