SWIFT/BIC code PASCITM1Y07
PASCITM1Y07 belongs to Banca Monte Dei Paschi di Siena S.P.A. in Portoferraio, Italy.
Code details
| SWIFT/BIC code | PASCITM1Y07 |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | Y07 |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | Portoferraio AG. 2 |
| City | Portoferraio |
| 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.
- Y07 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 uses SWIFT code PASCITM1Y07?
The code PASCITM1Y07 belongs to Portoferraio AG. 2, part of Banca Monte Dei Paschi di Siena S.P.A. in Portoferraio, Italy. Only use it if the account is held at this specific branch.
What happens if I use PASCITM1Y07 incorrectly?
The payment may be delayed, returned or charged extra fees. Always check PASCITM1Y07 with the recipient before sending.
What does each part of PASCITM1Y07 stand for?
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 Y07 is the code of the branch Portoferraio AG. 2.
How long does it take to send money to Banca Monte Dei Paschi di Siena S.P.A. in Italy?
SEPA payments in euros usually arrive within one business day. Transfers in other currencies can take 2–4 business days.
Do I need PASCITM1Y07 for a euro transfer to Italy?
Italy belongs to 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 PASCITM1Y07.
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. Check what you receive in Euro with transfer services before you send.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.