SWIFT/BIC code PASCITM1W83
PASCITM1W83 belongs to Banca Monte Dei Paschi di Siena S.P.A. in Grosseto, Italy.
Code details
| SWIFT/BIC code | PASCITM1W83 |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | W83 |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | Grosseto AG. 8 |
| City | Grosseto |
| Country | Italy |
The way 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.
- W83 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 uses SWIFT/BIC code PASCITM1W83?
The code PASCITM1W83 belongs to Grosseto AG. 8, a unit of Banca Monte Dei Paschi di Siena S.P.A. in Grosseto, Italy. Only use it if the recipient or their bank explicitly asks for it.
Can I use PASCITM1 instead of PASCITM1W83?
PASCITM1 is the head office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1W83 is Grosseto AG. 8. For a normal transfer the head office code is usually fine, yet use PASCITM1W83 if the recipient asks for it.
What do the letters in PASCITM1W83 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 code for the city or region and W83 is the code of the branch Grosseto AG. 8.
What happens if I use PASCITM1W83 incorrectly?
Your transfer can bounce, get stuck or cost extra. Double-check PASCITM1W83 with the recipient before you confirm.
Do I need PASCITM1W83 to send euros to Italy?
Italy is part of the SEPA area. When you send euros the IBAN is usually enough and many banks fill in the BIC automatically. For other currencies you do need PASCITM1W83.
How long does it take to send money to Banca Monte Dei Paschi di Siena S.P.A. in Italy?
Euro transfers within SEPA usually arrive within one business day. Transfers in other currencies can take 1–3 business days.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.