SWIFT/BIC code PASCITM1Y59
PASCITM1Y59 belongs to Banca Monte Dei Paschi di Siena S.P.A. in Castelfranco di Sotto, Italy.
Code details
| SWIFT/BIC code | PASCITM1Y59 |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | Y59 |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | Castelfranco di Sotto |
| City | Castelfranco di Sotto |
| 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.
- Y59 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
What bank is behind BIC PASCITM1Y59?
The code PASCITM1Y59 belongs to Castelfranco di Sotto, part of Banca Monte Dei Paschi di Siena S.P.A. in Castelfranco di Sotto, Italy. Only use it if the recipient or their bank explicitly asks for it.
What happens if I enter PASCITM1Y59 incorrectly?
Your transfer can bounce, get stuck or cost extra. Double-check PASCITM1Y59 against the details from Banca Monte Dei Paschi di Siena S.P.A. before sending.
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. Compare what you receive in Euro with transfer services before you send – the difference can be large.
Can I use PASCITM1 instead of PASCITM1Y59?
PASCITM1 points to the head office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1Y59 is Castelfranco di Sotto. For a normal transfer the head office code is usually fine, yet use PASCITM1Y59 if the recipient asks for it.
Do I need PASCITM1Y59 for a euro transfer to Italy?
Italy belongs to the SEPA area. For euro transfers the IBAN is usually enough. If you send another currency you do need PASCITM1Y59.
How long does it take to send money to Banca Monte Dei Paschi di Siena S.P.A.?
SEPA payments in euros normally arrive the next business day, instant payments within seconds. Payments in other currencies can take 1–3 business days.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.