SWIFT/BIC code PASCITM1W55
PASCITM1W55 belongs to Banca Monte Dei Paschi di Siena S.P.A. in Pelago, Italy.
Code details
| SWIFT/BIC code | PASCITM1W55 |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | W55 |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | Pelago |
| City | Pelago |
| Country | Italy |
How the Banca Monte Dei Paschi di Siena S.P.A. SWIFT/BIC is built up
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.
- W55 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 SWIFT/BIC code PASCITM1W55?
PASCITM1W55 identifies Pelago, a branch or department of Banca Monte Dei Paschi di Siena S.P.A. in Pelago, Italy. Use this branch code only when the account is held at this specific branch.
Can I use PASCITM1 instead of PASCITM1W55?
PASCITM1 points to the head office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1W55 points to Pelago. For a normal transfer the head office code is usually fine, yet follow the instructions of the recipient if they mention PASCITM1W55.
How long does a transfer to Banca Monte Dei Paschi di Siena S.P.A. take?
Euro transfers within SEPA normally arrive the next business day, instant payments within seconds. Transfers in other currencies can take 2–4 business days.
Do I need PASCITM1W55 for a euro transfer to Italy?
Italy belongs to the SEPA area. When you send euros the IBAN normally suffices and many banks fill in the BIC automatically. If you send another currency you do need PASCITM1W55.
What do the letters in PASCITM1W55 stand for?
PASC is the institution 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 W55 identifies the branch Pelago.
What is the best way to send money to Banca Monte Dei Paschi di Siena S.P.A. in Italy?
Many banks add several percent to the exchange rate on top of a fee. Compare what you receive in Euro with transfer services before you send – the difference can be large.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.