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SWIFT/BIC code PASCITM1Y40

PASCITM1Y40 belongs to Banca Monte Dei Paschi di Siena S.P.A. in Carrara, Italy.

PASCITM1Y40

Code details

SWIFT/BIC codePASCITM1Y40
8-character codePASCITM1
Branch codeY40
BankBanca Monte Dei Paschi di Siena S.P.A.
BranchCarrara AG. 2
CityCarrara
CountryItaly

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.
Y40 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 BIC PASCITM1Y40?

PASCITM1Y40 identifies Carrara AG. 2, part of Banca Monte Dei Paschi di Siena S.P.A. in Carrara, Italy. Use this branch code only when the recipient or their bank explicitly asks for it.

What is the cheapest way to send money to Banca Monte Dei Paschi di Siena S.P.A. in Italy?

Many banks add several percent to the exchange rate on top of a fee. Check the amount that arrives in Euro with specialist providers before you send – the difference can be large.

Do I need PASCITM1Y40 for a euro transfer to Italy?

Italy is part of the SEPA area. For euro transfers the IBAN is usually enough and many banks fill in the BIC automatically. If you send another currency you still need PASCITM1Y40.

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.

What happens if I enter PASCITM1Y40 incorrectly?

The payment may be delayed, returned or charged extra fees. Double-check PASCITM1Y40 with the recipient before sending.

What do the letters in PASCITM1Y40 mean?

PASC is the bank code of Banca Monte Dei Paschi di Siena S.P.A., IT stands for Italy, M1 is the code for the city or region and Y40 identifies the department Carrara AG. 2.

Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.