Banca Centropadana SWIFT/BIC code

SWIFT/BIC code of Banca Centropadana

ICRAITR1 and ICRAITR19OR are the short and the long form of the same SWIFT/BIC code, and both point to Banca Centropadana in Borgonovo Val Tidone. Banks worldwide use BIC codes to route payments between countries to the right bank. You will need it mostly for payments that cross a border.

Below we go through the practical questions: receiving money at Banca Centropadana, sending money abroad and how to verify a SWIFT code before you confirm a payment. Remember that the BIC just identifies the bank, not the person: the account number or IBAN does that part.

Is ICRAITR1 still correct? How to check

The most reliable source for the BIC is the recipient’s own bank details. Check it with ICRAITR1 on this page.

A wrong SWIFT code may lead to a delay, a payment being sent back or extra fees. Do not forget the account number: a mistake there is harder to correct than a wrong BIC.

Most online banking apps check the format of IBANs and some suggest the matching BIC – that confirms the format, not the owner. Where available, a name check on the recipient gives extra certainty. For a first payment, some people start with a small test amount and wait for confirmation.

Protect yourself against fake payment requests

Stay alert when a contact unexpectedly wants you to send money to a different account or a bank in another country. That ICRAITR1 is a real code does not mean that the account is genuine.

Check new bank details through a separate channel. Pressure or secrecy tend to be red flags. When money has already gone to a fraudster, contact your bank immediately – speed improves the chance of getting it back.

Scams also target the receiver. Someone sends more than agreed and asks you to return the extra to a new account. A screenshot of a transfer is no proof; only your own account shows what has arrived.

Sending money abroad from Banca Centropadana

What you pay for a payment abroad is made up of more than one component – not just the fee on your screen. On top of a fixed fee, correspondent or intermediary banks can deduct a fee, and if the money changes currency, the bank usually applies a rate that is less favourable than the actual market rate.

Most of the cost usually sits in the exchange rate: many banks convert at a rate with a margin built in. Check the rate you are offered with the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

For many routes, a transfer service is cheaper than a bank – mostly thanks to the rate. Next time you send money, take a minute comparing the total cost via GoldexPay instead of going straight to your bank. Using a transfer service does not require leaving Banca Centropadana.

Banca Centropadana: head office code versus branch codes

Banca Centropadana uses 9 different SWIFT/BIC codes across 8 locations. Only one is the head office code; the rest belong to branches or departments.

For the vast majority of payments to a private or business account, the head office code ICRAITR19OR is what you need. When you receive a branch code, use it as it is instead of replacing it with the head office code.

The safest approach is to copy the code directly from the account holder’s statement. Branch codes are sometimes changed or retired when banks reorganise, so do not rely on old paperwork.

Euro transfers to Banca Centropadana: is a BIC needed?

Italy is part of the Single Euro Payments Area (SEPA). For a standard euro transfer within SEPA, the IBAN is usually enough and the BIC is often filled in automatically.

Outside the euro and for senders outside SEPA, ICRAITR19OR or ICRAITR1 is still required. A few forms still show a field for the BIC out of habit; if so, fill in ICRAITR1.

Instant euro transfers have become increasingly supported across SEPA; check with Banca Centropadana whether it applies to your account. Provided the payment stays in euros, a SEPA transfer tends to be cheap; costs rise once a conversion is involved.

ICRAITR1 or ICRAITR19OR – which one to use?

A SWIFT code is made up of fixed blocks: characters one to four identify the bank, the next two show the country and characters seven and eight indicate the location. The result is ICRAITR1 for Banca Centropadana.

XXX at the end of ICRAITR19OR does not stand for a missing value or a mistake: it indicates the main office of Banca Centropadana. Some banking apps ask for 11 characters, and then you can add XXX behind ICRAITR1.

Type the code in one piece, in capitals and without spaces, exactly as shown here. Watch for O versus 0 or I versus 1; they are easy to mix up.

What to give a sender who pays you at Banca Centropadana

If you are waiting for a payment from another country, send the payer a complete set of details. What they need is: the account holder’s name, IBAN or account number, ICRAITR19OR or ICRAITR1 and, for some countries, your home address.

It helps to add Banca Centropadana and Borgonovo Val Tidone too. A typo in the IBAN can be more trouble than you might think, so copy the details from your online banking.

What lands in your account is often less than what was sent. Fees for incoming transfers vary per bank. Make clear with the sender who pays which costs, especially for larger amounts.

How up to date is this code?

We collect SWIFT/BIC codes using public sources and update our list regularly. Even so, banks merge or change codes and our data may lag behind. Counts and locations are from our own dataset and are not confirmed by Banca Centropadana.

Use our data as a reference, rather than as the final word. GoldexPay is independent of Banca Centropadana, we only compare transfer services. Should you notice something that is out of date, we appreciate a short note.

How long does an international transfer to Banca Centropadana take?

There is no single delivery time for international payments: many arrive the same day or the next while others need several business days. Transfers sent after the cut-off time or on a weekend or public holiday often go out a business day later. Extra checks by one of the banks can also add some delay, regardless of the details.

If the money is late, contact your bank for the status and the transaction reference so they can trace it along the chain. Money transfer services often show a status in their app showing where the payment is.

A missing payment has to be investigated from the sending side. Ask the sender for a copy of the payment confirmation with the date and reference.

The Euro and what conversion costs you

Accounts at Banca Centropadana are typically held in EUR, the local currency of Italy. If you send another currency, the amount gets converted somewhere along the way – by your bank, by Banca Centropadana or by a bank in between. There is rarely a separate charge for that conversion; it is built into the rate.

Who converts the payment makes a difference. In many cases you pay less to send EUR straight away via a transfer service that converts near the mid-market rate rather than letting the receiving bank convert.

The rate for EUR changes throughout the day and quotes are often valid only for a short time. If you pay regularly, small differences in the rate make a real difference over time.