SWIFT/BIC code PASCITM1Y23
PASCITM1Y23 belongs to Banca Monte Dei Paschi di Siena S.P.A. in Lucca, Italy.
Code details
| SWIFT/BIC code | PASCITM1Y23 |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | Y23 |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | Lucca AG. 10 |
| City | Lucca |
| 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.
- Y23 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 is behind BIC PASCITM1Y23?
The code PASCITM1Y23 belongs to Lucca AG. 10, a branch or department of Banca Monte Dei Paschi di Siena S.P.A. in Lucca, Italy. Use this branch code only when the account is held at this specific branch.
What does each part of PASCITM1Y23 stand for?
PASC is the institution code of Banca Monte Dei Paschi di Siena S.P.A., IT stands for Italy, M1 is the location code and Y23 is the code of the branch Lucca AG. 10.
How long does a transfer to Banca Monte Dei Paschi di Siena S.P.A. take?
SEPA payments in euros normally arrive the next business day. Payments in other currencies can take 2–4 business days.
Do I need PASCITM1Y23 to send euros to Italy?
Italy belongs to the SEPA area. For euro transfers the IBAN is usually enough and many banks fill in the BIC automatically. For other currencies you do need PASCITM1Y23.
What happens if I enter PASCITM1Y23 with a typo?
The payment may be delayed, returned or charged extra fees. Double-check PASCITM1Y23 with the recipient before sending.
Can I use PASCITM1 instead of PASCITM1Y23?
PASCITM1 points to the main office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1Y23 points to Lucca AG. 10. For a normal transfer the head office code is usually fine, but follow the instructions of the recipient if they mention PASCITM1Y23.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.