SWIFT/BIC code PASCITM1Y88
PASCITM1Y88 belongs to Banca Monte Dei Paschi di Siena S.P.A. in Monsummano Terme, Italy.
Code details
| SWIFT/BIC code | PASCITM1Y88 |
|---|---|
| 8-character code | PASCITM1 |
| Branch code | Y88 |
| Bank | Banca Monte Dei Paschi di Siena S.P.A. |
| Branch | Monsummano Terme |
| City | Monsummano Terme |
| Country | Italy |
How the Banca Monte Dei Paschi di Siena S.P.A. SWIFT/BIC is built up
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.
- Y88 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 SWIFT code PASCITM1Y88?
PASCITM1Y88 is the SWIFT/BIC code of Monsummano Terme, part of Banca Monte Dei Paschi di Siena S.P.A. in Monsummano Terme, Italy. Only use it if the account is held at this specific branch.
What is the cheapest way to send money to Banca Monte Dei Paschi di Siena S.P.A.?
Banks often add 1–3% to the exchange rate on top of a fee. Check the amount that arrives in Euro with transfer services before you send.
What do the letters in PASCITM1Y88 stand for?
PASC is the bank code of Banca Monte Dei Paschi di Siena S.P.A., IT is the ISO code of Italy, M1 is the location code and Y88 identifies the department Monsummano Terme.
Do I need PASCITM1Y88 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. If you send another currency you still need PASCITM1Y88.
How long does a transfer to Banca Monte Dei Paschi di Siena S.P.A. take in Italy?
Euro transfers within SEPA usually arrive within one business day. Payments in other currencies can take 2–4 business days.
Can I use PASCITM1 instead of PASCITM1Y88?
PASCITM1 is the main office of Banca Monte Dei Paschi di Siena S.P.A., while PASCITM1Y88 points to Monsummano Terme. For a normal transfer the head office code is usually fine, yet use PASCITM1Y88 if the recipient asks for it.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.