Banca Della Marca Credito Cooperativo Societa'cooperativa SWIFT/BIC code

Banca Della Marca Credito Cooperativo Societa'cooperativa SWIFT code: ICRAITR1

The short code ICRAITR1 and the 11-character code ICRAITR1U4V identify one and the same institution: Banca Della Marca Credito Cooperativo Societa'cooperativa, with its head office in Caneva. The code has a single purpose: it makes sure that a cross-border transfer reaches the right bank. In daily life you usually come across the code on invoices from abroad, in payment forms and in the bank details of Banca Della Marca Credito Cooperativo Societa'cooperativa customers.

Further down you will find the practical questions: receiving money at Banca Della Marca Credito Cooperativo Societa'cooperativa, paying someone in another country and how to verify a SWIFT code before you confirm a payment. Keep in mind that the SWIFT code only identifies the bank, not the person: the account number or IBAN takes care of that.

What a transfer from Banca Della Marca Credito Cooperativo Societa'cooperativa abroad really costs

If you send money to another country via Banca Della Marca Credito Cooperativo Societa'cooperativa, the visible fee is only part of the cost. On top of a fixed fee, banks in between may deduct a fee, and when the money changes currency, the bank often uses a rate below the actual market rate.

Many banks do not show their exchange rate markup as a cost, but you pay it all the same. A simple test: set the rate you get against the mid-market rate and work out the difference on your amount.

Specialist money transfer services frequently offer rates closer to the mid-market rate. On GoldexPay you can compare the amount that arrives with different providers. You can still use your account at Banca Della Marca Credito Cooperativo Societa'cooperativa to fund the transfer.

Verifying the SWIFT code of Banca Della Marca Credito Cooperativo Societa'cooperativa

The most reliable source for a SWIFT code is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. Compare it against ICRAITR1 here; if they differ, ask before you pay.

If the code is wrong, the transfer may get stuck, be returned or end up costing more – sometimes after weeks of searching. An error in the IBAN or account number is more serious; check it just as carefully.

An automatic check in your banking app only confirms that the code exists, not that it is the right account. Where available, a payee name check before sending gives extra certainty. Sending a small amount first is worth it for large sums despite the extra fee.

Why Banca Della Marca Credito Cooperativo Societa'cooperativa has an 8- and an 11-character code

The layout of a BIC is always the same: four characters for the institution, two for the country and two for the location. Together, these eight characters form ICRAITR1, the code most people search for.

The 11-character version has three more characters for a branch or department. If the last three are XXX, they simply mean the head office, which is why ICRAITR1U4V and ICRAITR1 lead to the same place.

As a rule the code is typed in capitals, without spaces or dashes. Look out for the letter O and the digit 0 or the letter I and the digit 1.

Which of the 25 codes of Banca Della Marca Credito Cooperativo Societa'cooperativa do you need?

Our directory lists 25 SWIFT/BIC codes for Banca Della Marca Credito Cooperativo Societa'cooperativa, spread over 25 locations. Next to the head office code ICRAITR1U4V, there are codes for branches, departments or specific services.

In most cases you do not need to pick a branch: transfers addressed to ICRAITR1U4V reach Banca Della Marca Credito Cooperativo Societa'cooperativa correctly. Branch codes are only needed if the account holder specifically asks for it.

The best way is to copy the code straight from the recipient’s statement. Codes for branches are more likely to be retired than ICRAITR1U4V when a bank merges or closes offices.

Euro transfers to Banca Della Marca Credito Cooperativo Societa'cooperativa: is a BIC needed?

Italy is a member of the SEPA area, the zone for uniform euro payments. For a standard euro transfer within SEPA, the IBAN is usually enough.

A SWIFT code like ICRAITR1 still matter when the currency is not euros and when the money comes from outside SEPA. If a payment form asks for the BIC regardless, entering ICRAITR1 is fine.

SEPA transfers usually arrive by the next business day. Provided the payment stays in euros, the transfer is cheap.

About this information

Our SWIFT/BIC directory draws on publicly available sources and is updated regularly. Even so, banks merge or change codes, so information can be out of date. The number of codes on this page are based on what is in our directory, not official figures from Banca Della Marca Credito Cooperativo Societa'cooperativa.

Use our data as a reference, rather than as the final word: the recipient’s bank details come first. We are a comparison site and not affiliated with Banca Della Marca Credito Cooperativo Societa'cooperativa. Should you notice a mistake, we welcome a message via the contact page.

Sending EUR to Banca Della Marca Credito Cooperativo Societa'cooperativa

Most accounts at Banca Della Marca Credito Cooperativo Societa'cooperativa are usually held in EUR, the local currency of Italy. Money sent in a different currency is exchanged into EUR on its way to Banca Della Marca Credito Cooperativo Societa'cooperativa. There is rarely a separate line for the conversion – the cost sits in the rate.

Where the conversion happens affects the final amount, since every bank sets its own rate. Often you pay less to send EUR straight away via a provider with a good rate.

The EUR rate fluctuates constantly and quotes are often valid only for a short time. For recurring payments, a slightly better rate add up over time.

What to give a sender who pays you at Banca Della Marca Credito Cooperativo Societa'cooperativa

Someone abroad who wants to pay you needs a few details from you. Give them your name as the bank knows it, the IBAN or account number, the BIC ICRAITR1U4V and your address, which some banks require.

Some banks want the address of Banca Della Marca Credito Cooperativo Societa'cooperativa in Caneva, so keep it at hand. A mistake in the IBAN is harder to fix than it looks.

The amount you receive can be less than what was sent. Correspondent banks can take a fee and your own bank may charge for processing, and if the currency changes, a markup on the rate comes on top. For business payments, it is common to state how the fees are split to avoid a shortfall.

When will the money arrive at Banca Della Marca Credito Cooperativo Societa'cooperativa?

An international transfer usually takes anywhere from one to several business days, depending on the currency, the route and the banks involved. Transfers sent late in the day or on a weekend or public holiday usually go out the next business day. Compliance checks on larger or unusual payments can also add a delay, regardless of the details.

Many banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Every gpi transfer gets a unique transaction reference, the UETR, which your bank can use to see where the money is. Money transfer services often provide tracking online so you can see how far the payment is.

If the money does not arrive within the expected time, the sender should start with their own bank. On the receiving end, you can look at your account for a slightly lower amount because fees can reduce the amount.

Changed bank details? Be careful

A common scam goes like this: an email arrives with a message saying that a company now has a new bank account and asking you to pay there from now on. The fact that ICRAITR1 exists is no guarantee that a request mentioning it is genuine; criminals use the codes of real banks too.

Before paying, verify changed bank details by phone. Be suspicious of time pressure, odd spelling or an email address that differs by one letter. Already paid? Call your bank without delay and ask them to start a recall.

Recipients can be targeted as well: a classic trick is a buyer who pays too much followed by a request to refund the difference to another account. A screenshot of a transfer is no proof.