SWIFT/BIC code PASCITM1Y05
PASCITM1Y05 belongs to Banca Monte Dei Paschi di Siena S.P.A. in Piombino, Italy.
Code details
| SWIFT/BIC code | PASCITM1Y05 |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | Y05 |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | Piombino AG. 4 |
| City | Piombino |
| 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.
- Y05 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 PASCITM1Y05?
PASCITM1Y05 identifies Piombino AG. 4, a unit of Banca Monte Dei Paschi di Siena S.P.A. in Piombino, Italy. Only use it if the recipient or their bank explicitly asks for it.
What happens if I enter PASCITM1Y05 incorrectly?
Your transfer can bounce, get stuck or cost extra. Always check PASCITM1Y05 against the details from Banca Monte Dei Paschi di Siena S.P.A. before you confirm.
What is the best way to send money to Banca Monte Dei Paschi di Siena S.P.A. in Italy?
Many banks add 1–3% 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.
Can I use PASCITM1 instead of PASCITM1Y05?
PASCITM1 points to the head office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1Y05 points to Piombino AG. 4. Most international transfers work with the head office code, but use PASCITM1Y05 if the recipient 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 PASCITM1Y05 for a euro transfer to Italy?
Italy belongs to the SEPA area. When you send euros the IBAN is usually enough. If you send another currency you do need PASCITM1Y05.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.