Banca Credito Cooperativo Laudense-Lodi SWIFT/BIC code

ICRAITR1 – the SWIFT/BIC code of Banca Credito Cooperativo Laudense-Lodi

Whether you are given ICRAITR1 or ICRAITR1M22, it is the same address for Banca Credito Cooperativo Laudense-Lodi in Italy. The code does one job: it makes sure that money from abroad ends up at the right bank. In practice you mostly come across it on invoices from abroad, in payment forms and on the account details of Banca Credito Cooperativo Laudense-Lodi customers.

Below we go through the practical side: money coming in from abroad, sending money abroad and how to verify the code before you hit send. Keep in mind that the BIC only identifies the bank, not the person: the account number or IBAN takes care of that.

Watch out for payment fraud

Fraudsters regularly send fake invoices containing new bank details sent from what looks like a familiar address. A real SWIFT code tells you nothing about whether the request is genuine: scammers use real codes of real banks.

Verify changed payment details via a separate channel, such as a phone number you already know, never via the email that asked for the change. Pressure and requests to keep it quiet are red flags. If money was sent to the wrong account, call your bank right away: the sooner they act, the better the chance of a recall.

Fraud also work the other way. Someone sends more than agreed and wants you to refund the difference. A payment confirmation from the sender proves nothing – check your own account.

How to check ICRAITR1 before you pay

Have the recipient copy the account details straight from a recent statement. Check it with ICRAITR1 on this page and ask if anything does not match.

Mistakes in the BIC are annoying rather than fatal: often the payment comes back, minus fees. An error in the IBAN or account number can be a bigger problem, so check that just as carefully.

Many banking apps check the structure of IBANs, but that does not prove the account belongs to the right person. Some banks now check the name with the account. Sending a small amount first is worth it for large sums.

What the XXX in ICRAITR1M22 means

The structure of a BIC never changes: four characters for the institution, two for the country and a two-character location code, sometimes followed by a branch code. The result is ICRAITR1 for Banca Credito Cooperativo Laudense-Lodi.

The 11-character version has a three-character extension for a branch or department. If the last three are XXX, the code points to the head office, so ICRAITR1M22 and ICRAITR1 are interchangeable.

Type the code as one block, in capitals and without separators, exactly as shown here. Pasting the code is safer than retyping it.

Getting paid from abroad into a Banca Credito Cooperativo Laudense-Lodi account

When you expect money from abroad, give the sender a complete set of details. In practice that means: your full name as registered with Banca Credito Cooperativo Laudense-Lodi, your account number or IBAN, the BIC ICRAITR1M22 and, often, your postal address.

Their bank may also ask for the address of your bank, in which case the Corte Palasio head office is the usual answer. Double-check each detail before you send them – a sender rarely spots a mistake in someone else’s details.

Do not be surprised if the amount credited is smaller than the amount on the sender’s receipt. Intermediary banks may deduct a fee, Banca Credito Cooperativo Laudense-Lodi may charge for incoming payments, and if the currency changes, a markup on the rate applies. Agree with the sender who covers the fees, especially for larger amounts.

How up to date is this code?

This directory is based on public sources and is updated regularly. Institutions merge, change names and change codes, and a directory never catches every change immediately. The figures on this page reflect what is in our directory and not on information from Banca Credito Cooperativo Laudense-Lodi itself.

For a payment of any size, always check the code with Banca Credito Cooperativo Laudense-Lodi or the recipient. GoldexPay is not affiliated with Banca Credito Cooperativo Laudense-Lodi; we are a comparison site for money transfers. Found an error? Tell us through the contact page and we will look into it.

Paying someone abroad from your Banca Credito Cooperativo Laudense-Lodi account

What you pay for an international transfer is made up of several parts. You pay the transfer fee, sometimes fees charged by intermediary banks in between and, above all, the exchange rate markup when the money is converted.

That exchange rate margin tends to be the biggest item because it is hidden in the rate. A simple test: put the bank’s rate next to the mid-market rate and work out the difference on your amount.

Money transfer services often use a rate near the mid-market rate with clearer fees. GoldexPay compares transfer providers next to each other, showing the amount the recipient gets before you commit. You can still keep your account at Banca Credito Cooperativo Laudense-Lodi, while a cheaper service handles the conversion.

Paying into Banca Credito Cooperativo Laudense-Lodi in EUR

Most accounts at Banca Credito Cooperativo Laudense-Lodi are usually held in EUR, the local currency of Italy. If you send money in a different currency it gets converted somewhere along the way: by your bank, an intermediary or Banca Credito Cooperativo Laudense-Lodi itself. Every conversion costs something – usually through the rate rather than a fee.

Which bank converts the payment makes a difference. Sending the amount already in EUR usually prevents an extra conversion.

Rates for EUR move all the time – some services let you fix a rate in advance. For recurring payments, a slightly better rate add up over a year.

Transfer times and tracking a payment to Banca Credito Cooperativo Laudense-Lodi

A SWIFT payment typically needs anywhere from one to several business days – it depends on currency, route and the banks in between. Payments made late in the day or just before a weekend or public holiday often go out a business day later. Compliance checks by one of the banks may also add some delay, even when all details are correct.

A growing number of banks use SWIFT gpi. Every gpi transfer gets a unique reference, the UETR that banks can use to trace it. Keep the payment confirmation until the money has arrived – you will need it for any trace request.

A missing payment has to be investigated from the sending side. Ask the sender for the payment receipt – it helps your own bank look for the money.

SEPA payments and the Banca Credito Cooperativo Laudense-Lodi BIC

Italy is a member of the SEPA area, the zone for standardised euro payments. For a regular euro transfer from another SEPA country, the IBAN is usually enough.

You will still need ICRAITR1M22 when sending non-euro payments or money from outside the SEPA area. A few forms also ask for the BIC; in that case, enter ICRAITR1 or ICRAITR1M22.

Instant euro transfers have become widely available across SEPA. Fees for SEPA transfers tend to be low, as long as no currency conversion is involved.

Choosing between the 8 SWIFT codes of Banca Credito Cooperativo Laudense-Lodi

We have 8 SWIFT/BIC codes for Banca Credito Cooperativo Laudense-Lodi in 8 places. Next to the head office code ICRAITR1M22, you will find codes for branches, departments or specific services.

If nobody asks you for a branch code, use ICRAITR1M22 or its short form ICRAITR1. Only use a branch code when the account holder gives you that exact code, for example on an invoice or in their bank details.

The best way is to copy the code straight from the account holder’s statement. Codes for branches are more prone to change than the head office code.