SWIFT/BIC code PASCITM1W87
PASCITM1W87 belongs to Banca Monte Dei Paschi di Siena S.P.A. in Monte Argentario, Italy.
Code details
| SWIFT/BIC code | PASCITM1W87 |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | W87 |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | Porto Santo Stefano AG. 1 |
| City | Monte Argentario |
| Country | Italy |
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.
- W87 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 PASCITM1W87?
The code PASCITM1W87 belongs to Porto Santo Stefano AG. 1, a branch or department of Banca Monte Dei Paschi di Siena S.P.A. in Monte Argentario, Italy. Use this branch code only when the recipient or their bank explicitly asks for it.
What happens if I use PASCITM1W87 with a typo?
The payment may be delayed, returned or charged extra fees. Double-check PASCITM1W87 against the details from Banca Monte Dei Paschi di Siena S.P.A. before sending.
Can I use PASCITM1 instead of PASCITM1W87?
PASCITM1 points to the head office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1W87 is Porto Santo Stefano AG. 1. For a normal transfer the head office code is usually fine, but use PASCITM1W87 if the recipient asks for it.
Do I need PASCITM1W87 to send euros to Italy?
Italy is part of the SEPA area. For euro transfers the IBAN normally suffices and many banks fill in the BIC automatically. For other currencies you do need PASCITM1W87.
How long does a transfer to Banca Monte Dei Paschi di Siena S.P.A. take in Italy?
Euro transfers within SEPA normally arrive the next business day, instant payments within seconds. Transfers in other currencies can take 1–3 business days.
What does each part of PASCITM1W87 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 W87 is the code of the department Porto Santo Stefano AG. 1.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.