SWIFT/BIC code PASCITM1Y16
PASCITM1Y16 belongs to Banca Monte Dei Paschi di Siena S.P.A. in Capannori, Italy.
Code details
| SWIFT/BIC code | PASCITM1Y16 |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | Y16 |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | Capannori |
| City | Capannori |
| Country | Italy |
The way 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.
- Y16 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 BIC PASCITM1Y16?
PASCITM1Y16 identifies Capannori, a unit of Banca Monte Dei Paschi di Siena S.P.A. in Capannori, Italy. Only use it if the account is held at this specific branch.
What does each part of PASCITM1Y16 mean?
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 Y16 is the code of the branch Capannori.
How long does it take to send money to Banca Monte Dei Paschi di Siena S.P.A. in Italy?
Euro transfers within SEPA normally arrive the next business day, instant payments within seconds. Payments in other currencies can take 1–3 business days.
Do I need PASCITM1Y16 for a euro transfer to Italy?
Italy is part of the SEPA area. When you send euros the IBAN is usually enough. For other currencies you still need PASCITM1Y16.
What is the best way to send money to Banca Monte Dei Paschi di Siena S.P.A. in Italy?
Banks often add several percent to the exchange rate on top of a fee. Compare the amount that arrives in Euro with specialist providers before you send – the difference can be large.
Can I use PASCITM1 instead of PASCITM1Y16?
PASCITM1 is the head office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1Y16 points to Capannori. For a normal transfer the head office code is usually fine, yet follow the instructions of the recipient if they mention PASCITM1Y16.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.