Banca di Ancona Credito Cooperativo Soc. Coop. SWIFT/BIC code

SWIFT/BIC code of Banca di Ancona Credito Cooperativo Soc. Coop.

ICRAITR1 and ICRAITR1PG1 are two ways of writing the same bank identifier, and both point to Banca di Ancona Credito Cooperativo Soc. Coop. in Ancona. A SWIFT code shows the sending bank exactly which bank is meant to get the money. In practice you usually come across the code on international invoices, in your banking app and on the account details of Banca di Ancona Credito Cooperativo Soc. Coop. customers.

On this page we explain how the code means, when it matters and what else you need for a transfer to or from Banca di Ancona Credito Cooperativo Soc. Coop.. The SWIFT code on its own does not identify an individual account holder; for that you need the IBAN or account number is for.

How long does an international transfer to Banca di Ancona Credito Cooperativo Soc. Coop. take?

An international transfer typically needs anywhere from one to several business days, depending on the currency, the route and the banks involved. Payments made after the cut-off time or on a weekend or public holiday usually go out a business day later. Compliance checks by one of the banks may also cause some delay.

Many banks use SWIFT gpi for faster and traceable payments. Every gpi transfer carries a unique transaction reference, the UETR, which your bank can use to see where the money is. Specialist transfer services usually provide a status in their app so you can see where the payment is.

If a payment has not arrived within the expected time, the sender needs to contact their own bank. Ask the sender for the payment receipt; that often settles the question quickly.

How up to date is this code?

We gather SWIFT/BIC codes from publicly available data and check our list regularly. It is possible that information here is no longer current. The figures we show are based on our own data.

See our directory here as a helpful check, and let the details from the recipient or Banca di Ancona Credito Cooperativo Soc. Coop. have the final say. GoldexPay is independent of Banca di Ancona Credito Cooperativo Soc. Coop., we only compare transfer services. Found an error? Tell us via our contact form.

International transfers from Banca di Ancona Credito Cooperativo Soc. Coop.: the real cost

A bank transfer abroad costs rather more than the listed fee. There is the transfer fee, sometimes charges from correspondent banks in between and, most importantly, the margin on the exchange rate if the currency changes.

Banks do not list their exchange rate markup separately, but you pay it all the same. A simple test: set the rate you get against the mid-market rate and look at the difference.

For a lot of routes, a specialist provider turns out to be less expensive than a bank – mostly thanks to the rate. GoldexPay compares the amount that arrives across providers, which makes the cheapest option easy to spot. You can still use your account at Banca di Ancona Credito Cooperativo Soc. Coop.; only the conversion and sending happen elsewhere.

SEPA payments and the Banca di Ancona Credito Cooperativo Soc. Coop. BIC

Italy belongs to the Single Euro Payments Area (SEPA). When you send euros from another SEPA country, you normally only need the IBAN.

The BIC still come into play for payments in other currencies. Some forms still show a field for the BIC out of habit; if so, enter ICRAITR1 or ICRAITR1PG1.

Euro payments within SEPA usually arrive by the next business day, and instant transfers in seconds where both banks support them. As long as no currency is converted, the transfer tends to be inexpensive; it is the conversion that costs money.

Watch out for payment fraud

Stay alert if a contact unexpectedly wants you to send money to a different account or a bank in another country. The fact that ICRAITR1 exists does not mean that the account is legitimate.

Always verify changed bank details by phone. Pressure and secrecy are warning signs – a real supplier can wait a day. If a payment was sent to the wrong account, call your bank right away – speed improves the chance of getting it back.

Scams also work the other way. Someone claims to have sent more than agreed and asks you to refund the difference via a different route. A payment confirmation from the sender is no proof – check your own account.

Incoming international payments to Banca di Ancona Credito Cooperativo Soc. Coop.

Someone abroad who wants to pay you needs several details about your account. The basics are: your name, account number or IBAN, ICRAITR1PG1 and often your home address.

It helps to include the bank name and its city too. Double-check every detail before you send them – a sender rarely spots a mistake in someone else’s details.

Money from abroad does not always arrive for the full amount. Correspondent banks can take a fee, and when currencies differ, an exchange rate margin applies. Make clear with the sender who covers the fees before the money is sent.

Choosing between the 6 SWIFT codes of Banca di Ancona Credito Cooperativo Soc. Coop.

With 6 codes in 3 locations, Banca di Ancona Credito Cooperativo Soc. Coop. belongs to the banks that use separate codes for parts of the organisation and departments. The head office code is ICRAITR1PG1.

For most incoming transfers, the head office code ICRAITR1PG1 is the right choice. Branch codes are only needed when the account holder explicitly mentions it, which is more common for business accounts and trade services.

Not sure which code to use? Ask the recipient. Branch codes are more likely to change than ICRAITR1PG1 when a bank merges or closes offices.

Is ICRAITR1 still correct? How to check

The safest source for a SWIFT code is the bank details provided by the recipient – an invoice, a statement or a screenshot from online banking. Compare it against ICRAITR1 on this page.

If the code is wrong, the payment may be delayed, bounce back or end up costing more – sometimes after weeks of searching. Remember the IBAN: an error there can be more difficult to correct than a wrong BIC.

An automatic check by your bank merely confirms that the IBAN exists. If your bank offers it, a name check before sending adds an extra layer of safety. A small test payment is worth it for a large first payment despite the extra fee.

The Euro and what conversion costs you

Italy pays in the Euro, with the currency code EUR. When you pay another currency it gets converted at some point. Each conversion eats into the amount, even when no fee is shown.

Who does the conversion affects how much arrives, since every bank sets its own rate. Check how much EUR arrives via several services.

Rates for EUR move all the time – some services let you fix a rate in advance. On larger amounts, even small gap in the rate can be worth more than the fee.

ICRAITR1 or ICRAITR1PG1 – which one to use?

A BIC is made up of fixed blocks: the first four letters stand for the bank, the next two show the country and the two after that indicate the location. Combined, these eight characters form ICRAITR1.

The long version has three more characters for a branch or department. If the last three are XXX, they simply mean the head office, so ICRAITR1PG1 and ICRAITR1 are interchangeable.

Do not add spaces, dots when you enter ICRAITR1 or ICRAITR1PG1. Look out for O versus 0 or I versus 1, a common source of typos.