Banca di Credito Cooperativo Agrobresciano Societa' Cooperativa SWIFT/BIC code

Banca di Credito Cooperativo Agrobresciano Societa' Cooperativa SWIFT code: ICRAITR1

The 8-character code ICRAITR1 and the full code ICRAITR1FZO refer to the same bank: Banca di Credito Cooperativo Agrobresciano Societa' Cooperativa in Brescia, Italy. The code has a single purpose: it ensures that a cross-border transfer ends up at the right bank. It comes up mainly when dealing with transfers between countries and payments in foreign currencies.

Further down we go through the practical questions: money coming in from abroad, paying someone in another country and how to check a SWIFT code before you confirm a payment. The SWIFT code on its own cannot identify a personal account; for that you need the account number or IBAN is for.

Receiving money from abroad at Banca di Credito Cooperativo Agrobresciano Societa' Cooperativa

To receive an international payment into your account at Banca di Credito Cooperativo Agrobresciano Societa' Cooperativa, the sender needs not just the SWIFT code. In practice that means: your full name as registered with Banca di Credito Cooperativo Agrobresciano Societa' Cooperativa, your IBAN or account number, the BIC ICRAITR1FZO and usually your address.

It helps to include the bank name and Brescia too. A mistake in your account number can be more trouble than you might think.

Do not be surprised if the incoming amount is below the amount on the sender’s receipt. Correspondent banks can take a fee and your own bank may charge for processing, and when currencies differ, a markup on the rate applies. On invoices, it is common to state who bears the costs, so that nobody is left short.

Changed bank details? Be careful

Fraudsters regularly send fake invoices with changed bank details, sometimes in an email that looks completely genuine. That ICRAITR1 is a real code is no guarantee that a request mentioning it is legitimate.

Verify changed bank details through a different channel, such as a phone number you already know, not by replying to the message. Be suspicious of time pressure, unusual wording or a sender address that is slightly off. Already paid? Call your bank straight away and ask them to try to recall the payment.

Fraud also target the receiver. Someone claims to have sent more than agreed and wants you to return the difference. Do not act before the money has really arrived and check with Banca di Credito Cooperativo Agrobresciano Societa' Cooperativa if anything seems off.

The Euro and what conversion costs you

Italy uses the Euro (EUR). Money sent in a different currency is converted into EUR – and the bank that does it picks the rate. There is rarely a separate line for that conversion; it is built into the rate.

Who converts the money makes a difference: every bank has its own margin. Sending the money directly in EUR often prevents an extra conversion at the receiving end.

Exchange rates change during the day. If you pay regularly, a slightly better rate add up over a year.

Euro transfers to Banca di Credito Cooperativo Agrobresciano Societa' Cooperativa: is a BIC needed?

Inside SEPA, euro transfers to Banca di Credito Cooperativo Agrobresciano Societa' Cooperativa follow common rules. The BIC field is often optional in that case.

A SWIFT code like ICRAITR1 does come into play when the currency is not euros, and for transfers from outside SEPA. A few forms still show a field for the BIC out of habit; if so, fill in ICRAITR1.

SEPA transfers usually arrive by the next business day, and instant transfers in seconds where both banks support them. Fees for SEPA transfers are generally low as long as everything stays in euros.

Choosing between the 3 SWIFT codes of Banca di Credito Cooperativo Agrobresciano Societa' Cooperativa

Having 3 codes in 2 locations, Banca di Credito Cooperativo Agrobresciano Societa' Cooperativa is one of the banks that register separate codes for parts of the organisation and departments. The main code is ICRAITR1FZO.

Unless the recipient tells you otherwise, use ICRAITR1FZO. If you have been given a specific code, stick to it rather than swapping it for the head office code.

If you are not sure, ask the person you are paying for the exact BIC in their bank details. Branch codes are sometimes changed or retired over time.

About this information

We collect bank codes from public sources and update them regularly. Even so, banks merge, rename themselves or change codes. Counts and locations are from our directory and may differ from what Banca di Credito Cooperativo Agrobresciano Societa' Cooperativa publishes.

Treat this page as a starting point, not as the final word. GoldexPay is independent of Banca di Credito Cooperativo Agrobresciano Societa' Cooperativa; we are a comparison site for money transfers. Should you notice a mistake, we welcome a message.

Before you send: check the Banca di Credito Cooperativo Agrobresciano Societa' Cooperativa code

The best place to find the right code is paperwork issued by the bank, such as a statement or the account details in online banking. Check that code against ICRAITR1 here.

If the code is wrong, the payment might get stuck, bounce back or cost extra, and tracing it can take weeks. A mistake in the account number is a bigger problem because it can reach the wrong person.

An automatic check by your bank only confirms that the code is valid. If your bank offers it, a payee name check on the recipient adds extra certainty. Sending a small amount first is worth it for large sums, even if it costs an extra fee.

Why Banca di Credito Cooperativo Agrobresciano Societa' Cooperativa has an 8- and an 11-character code

The layout of a BIC never changes: four characters for the institution, a two-letter country code and a two-character location code. For Banca di Credito Cooperativo Agrobresciano Societa' Cooperativa, that core is ICRAITR1.

XXX at the end of ICRAITR1FZO does not stand for a placeholder or an error: it indicates the head office of Banca di Credito Cooperativo Agrobresciano Societa' Cooperativa. Some forms ask for 11 characters, in which case you can enter XXX behind ICRAITR1.

As a rule the code is typed in capitals. Copying the code beats typing it by hand, because one wrong letter changes the bank.

Sending money abroad from Banca di Credito Cooperativo Agrobresciano Societa' Cooperativa

A bank transfer abroad costs more than the fee suggests. On top of a fixed fee, banks in between can take a cut, and if the money changes currency the bank often uses a rate that is less favourable than the actual market rate.

That exchange rate margin is often the largest cost because it is hidden in the rate. A simple test: put the rate you get next to the mid-market rate for the same moment and work out the difference on your amount.

Specialist money transfer services often offer rates closer to the mid-market rate with clearer fees. Next time you send money, it is worth to compare what arrives via GoldexPay rather than accepting the bank’s rate by default. You can still use your account at Banca di Credito Cooperativo Agrobresciano Societa' Cooperativa, while a cheaper service handles the conversion.

How long does an international transfer to Banca di Credito Cooperativo Agrobresciano Societa' Cooperativa take?

How fast a transfer arrives at Banca di Credito Cooperativo Agrobresciano Societa' Cooperativa depends on a few things: the currency, how many intermediary banks are involved, cut-off times and time zones. Transfers sent after the cut-off time or on weekends and holidays often go out the next business day. Compliance checks on larger or unusual payments may also cause some delay, even when all details are correct.

When a payment takes longer than expected, contact the sending bank about the status; with that reference banks can see where the payment is. Save the payment confirmation until the money has arrived.

If a payment has not arrived after a few business days, the sender needs to start with the bank that sent it. As a recipient, it helps to check your statements for a partial amount.