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SWIFT/BIC code PASCITM1W57

PASCITM1W57 belongs to Banca Monte Dei Paschi di Siena S.P.A. in Pontassieve, Italy.

PASCITM1W57

Code details

SWIFT/BIC codePASCITM1W57
8-character codePASCITM1
Branch codeW57
BankBanca Monte Dei Paschi di Siena S.P.A.
BranchPontassieve AG. 1
CityPontassieve
CountryItaly

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.
W57 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 BIC PASCITM1W57?

PASCITM1W57 is the SWIFT/BIC code of Pontassieve AG. 1, part of Banca Monte Dei Paschi di Siena S.P.A. in Pontassieve, Italy. Only use it if 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. in Italy?

Banks often add 1–3% to the exchange rate on top of a fee. Compare what you receive in Euro with transfer services before you send.

How long does it take to send money to Banca Monte Dei Paschi di Siena S.P.A.?

SEPA payments in euros usually arrive within one business day. Payments in other currencies can take 1–3 business days.

Do I need PASCITM1W57 for a euro transfer to Italy?

Italy is part of the SEPA area. For euro transfers the IBAN is usually enough. If you send another currency you do need PASCITM1W57.

Can I use PASCITM1 instead of PASCITM1W57?

PASCITM1 points to the main office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1W57 points to Pontassieve AG. 1. Most international transfers work with the head office code, yet follow the instructions of the recipient if they mention PASCITM1W57.

What happens if I use PASCITM1W57 incorrectly?

The payment may be delayed, returned or charged extra fees. Double-check PASCITM1W57 with the recipient before you confirm.

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