Banca D' Alba Credito Cooperativo SWIFT/BIC code

Banca D' Alba Credito Cooperativo SWIFT code: ICRAITR1

The 8-character code ICRAITR1 and the full code ICRAITR1EQT refer to one and the same institution: Banca D' Alba Credito Cooperativo in Alassio, Italy. Banks worldwide use BIC codes to direct payments between countries to the right bank. In practice you mostly see the code on invoices from abroad, in payment forms and on the account details that Banca D' Alba Credito Cooperativo provides.

This page is meant to help anyone who sends money to an account at Banca D' Alba Credito Cooperativo. The BIC identifies a bank or branch, never a single account, which is why you always need the account number too.

About this information

The codes here come from publicly available data that we update regularly. It can happen that information here is no longer current, for example after a merger. The figures we show reflect what is in our directory, not official figures from Banca D' Alba Credito Cooperativo.

Treat our directory here as a handy check and rely on the recipient or Banca D' Alba Credito Cooperativo for the final confirmation. GoldexPay is independent of Banca D' Alba Credito Cooperativo. Spotted outdated information? Tell us via our contact form and we will look into it.

Why Banca D' Alba Credito Cooperativo has an 8- and an 11-character code

A SWIFT code is built from a few fixed parts: the first four letters identify the bank, the next two give the country and characters seven and eight mark the location. For Banca D' Alba Credito Cooperativo, the 8-character core is ICRAITR1.

The 11-character version has three more characters for a branch or department. If the last three are XXX, the code points to the head office, so ICRAITR1EQT and ICRAITR1 are interchangeable.

Leave out spaces when you enter ICRAITR1 or ICRAITR1EQT. A single character can send a payment to another bank, so check it twice.

Scams that use SWIFT codes

Criminals often use payment requests with new bank details, sometimes in an email that looks completely genuine. A correct SWIFT code tells you nothing about who owns the account – scammers simply use real codes.

Never rely on contact details from the same email that announces the new account. Pressure and secrecy tend to be warning signs – a real supplier can wait a day. When money has already gone to a fraudster, call your bank right away: the sooner they act, the better the chance of a recall.

People receiving money can be targeted as well: a classic trick is an overpayment and then sends a request to send back the difference abroad. A screenshot of a transfer proves nothing.

Choosing between the 35 SWIFT codes of Banca D' Alba Credito Cooperativo

Banca D' Alba Credito Cooperativo uses 35 different SWIFT/BIC codes across 31 cities. One of them is the head office code, ICRAITR1EQT; the others belong to branches.

In most cases there is no need to look up a branch: payments sent to ICRAITR1EQT reach Banca D' Alba Credito Cooperativo correctly. If you have been given a specific code, use it as it is instead of swapping it with the head office code.

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

What a transfer from Banca D' Alba Credito Cooperativo abroad really costs

A bank transfer abroad costs rather more than the fee suggests. You pay the fee for the transfer itself, possibly fees charged by intermediary banks in between and, above all, the exchange rate markup if the currency changes.

Banks do not show the margin on the rate separately. An easy check: set the rate you get next to the mid-market rate and work out the difference on your amount.

For a lot of routes, a specialist provider is cheaper than a traditional bank transfer, mainly because of the exchange rate. GoldexPay lists transfer providers next to each other so you can see what actually arrives. You can always use your account at Banca D' Alba Credito Cooperativo to fund the transfer, while a cheaper service handles the conversion.

Euro (EUR) and conversion costs

Most accounts at Banca D' Alba Credito Cooperativo are typically held in EUR, the local currency of Italy. A payment in a foreign currency will be exchanged into EUR. Each conversion eats into something, even when no fee is shown.

Who does the conversion affects how much arrives. Often it is cheaper to send EUR directly via a provider that converts near the mid-market rate, so that the receiving bank does not need to convert again.

The rate for EUR changes constantly, so the amount you see is usually only valid for a short time. For recurring payments, a slightly better rate make a real difference over a year.

Do you need ICRAITR1 for a SEPA transfer?

Inside SEPA, euro transfers to Banca D' Alba Credito Cooperativo use common rules. A field for the BIC is usually optional or missing for those payments.

You will still need ICRAITR1EQT for payments in other currencies or money from outside the SEPA area. If your banking app has a field for the BIC anyway, adding ICRAITR1 is fine.

Instant payments in euros have become increasingly available across SEPA; check with Banca D' Alba Credito Cooperativo whether it applies to your account. Charges on SEPA transfers tend to be low.

Before you send: check the Banca D' Alba Credito Cooperativo code

Ask the recipient to send you their account details straight from their online banking. Compare it against ICRAITR1 here.

A wrong SWIFT code can cause delays, a payment being sent back or extra fees along the way. Remember the account number: a mistake there can be harder to undo than a wrong code.

An automatic check in your banking app only tells you that the code is valid, not that it is the right account. If your bank offers it, a name check on the recipient gives an extra layer of safety. When you pay someone new, many people send a small test amount before sending the rest.

Receiving money from abroad at Banca D' Alba Credito Cooperativo

Someone abroad who wants to pay you will ask for a few details about your account, and missing ones are a common cause of delays. In practice that means: your full name exactly as it appears on the account, your account number or IBAN, the SWIFT/BIC code ICRAITR1EQT and, often, your address.

You can include the bank name and its city as well, because some payment forms have separate fields for them. Double-check every detail before you share them, because the sender’s bank usually copies them as is.

Do not be surprised if the amount credited is below what the sender paid. Fees for incoming transfers differ per bank. Make clear with the sender who pays which costs, especially for larger amounts.

How long does an international transfer to Banca D' Alba Credito Cooperativo take?

A SWIFT payment usually needs anywhere from one to several business days, depending on the currency, the route and the banks involved. Weekends and public holidays in the sending or receiving country can add extra days, since banks do not process on those days. Sometimes a bank asks what the payment is for.

When a payment takes longer than expected, ask the sending bank about the tracking status so they can trace it along the chain. Save the payment confirmation.

A delayed transfer has to be investigated by the sending bank. Ask the sender for the payment receipt – it helps your own bank look for the money.