Banca di Credito Cooperativo Bergamo e Valli S.c. SWIFT/BIC code

Banca di Credito Cooperativo Bergamo e Valli S.c. SWIFT code: ICRAITR1

If an invoice shows ICRAITR1 or ICRAITR1O51, it is the same identifier for Banca di Credito Cooperativo Bergamo e Valli S.c. in Italy. Banks worldwide use BIC codes to route payments between countries to the correct institution. In practice you mostly come across the code on invoices from abroad, in your banking app and in the bank details of Banca di Credito Cooperativo Bergamo e Valli S.c. customers.

On this page you will find how the code means, when it matters and what else a transfer to or from Banca di Credito Cooperativo Bergamo e Valli S.c. requires. Remember that the SWIFT code just identifies the bank, not the person: the IBAN or account number does that part.

A note on our data

The codes here are taken from public sources that we update regularly. It is possible that a code here is no longer current, for example after a merger. Counts and locations are from our own dataset and are not confirmed by Banca di Credito Cooperativo Bergamo e Valli S.c..

See the information here as a helpful check and rely on the recipient or Banca di Credito Cooperativo Bergamo e Valli S.c. for the final confirmation. GoldexPay is independent of Banca di Credito Cooperativo Bergamo e Valli S.c., we only compare transfer services. Should you notice something that is out of date, we appreciate a short note.

ICRAITR1 or ICRAITR1O51 – which one to use?

Every SWIFT/BIC code has an 8-character core: a four-letter bank code, a two-letter country code and a two-character location code. Combined, those parts make up ICRAITR1, the code most people search for.

XXX at the end of ICRAITR1O51 does not stand for a missing value or an error: it stands for the main office of Banca di Credito Cooperativo Bergamo e Valli S.c.. Some forms ask for 11 characters, and then you can enter XXX after ICRAITR1.

In practice the code is written in capitals, without spaces or dashes. Watch for the letter O and the digit 0 or the letter I and the digit 1, a common source of typos.

Tracking a transfer to or from Banca di Credito Cooperativo Bergamo e Valli S.c.

A SWIFT payment typically needs anywhere from one to several business days – it depends on currency, route and the banks in between. Weekends and public holidays in the sending or receiving country can add a day or more, since banks do not process on those days. Extra checks by one of the banks can also cause some delay.

If a transfer seems late, ask the sending bank about the status or the UETR; with that reference banks can see where the payment is. Keep the payment confirmation until the money has arrived.

A missing payment is investigated from the sending side. Request from the sender the payment receipt with the date and reference; that often settles the question quickly.

Getting paid from abroad into a Banca di Credito Cooperativo Bergamo e Valli S.c. account

A sender in another country will ask for a few details from you, and missing ones are a common cause of delays. Give them your name as the bank knows it, your account number or IBAN, the BIC ICRAITR1O51 and your address.

The sender’s bank may request the address of your bank, in which case the Brembate di Sopra head office is the usual answer. A typo in the IBAN is harder to fix than you might think, so copy the details from your online banking.

An incoming payment will not always land in full. Charges on incoming payments vary per bank. Agree with the sender who covers the fees before the money is sent.

Do you need ICRAITR1 for a SEPA transfer?

Italy is part of the Single Euro Payments Area (SEPA), where euro transfers follow common rules. When you send euros from another SEPA country, you normally only need the IBAN and the BIC is often filled in automatically.

A SWIFT code like ICRAITR1 still come into play when the currency is not euros, and for transfers from outside SEPA. If your banking app has a field for the BIC anyway, adding ICRAITR1 does no harm.

Instant payments in euros have become increasingly available within SEPA. Charges on SEPA payments tend to be low as long as everything stays in euros.

Paying someone abroad from your Banca di Credito Cooperativo Bergamo e Valli S.c. account

What you pay for an international transfer is made up of several parts – not just the fee on your screen. There is the transfer fee, possibly fees charged by intermediary banks in between and, above all, the margin on the exchange rate.

The markup on the rate is often the biggest item. Compare their rate against the mid-market rate; the gap is what conversion costs you.

For many currency pairs, a specialist provider is less expensive than a bank, mainly because of the exchange rate. Before your next transfer, it is worth comparing the total cost via GoldexPay. You can still use your account at Banca di Credito Cooperativo Bergamo e Valli S.c. to fund the transfer, while a cheaper service handles the conversion.

How to check ICRAITR1 before you pay

Have the recipient copy the account details directly from a recent statement. Compare that code with ICRAITR1 on this page and ask if anything does not match.

Errors in the BIC are costly rather than fatal – usually the money comes back, minus fees and time lost. An error in the IBAN or account number can be more serious; check it just as carefully.

An automatic check by your bank merely tells you that the code exists, not that it is the right account. Where available, a name check on the recipient gives an extra layer of safety. A small test payment can be worth it for a large first payment.

Watch out for payment fraud

Criminals regularly use payment requests with changed bank details, sometimes in an email that looks completely genuine. A correct SWIFT code tells you nothing about whether the request is genuine.

Never trust contact details from the same email that contains the change. Pressure or requests to keep it quiet tend to be warning signs; a genuine business can wait for you to check. Acted too fast? Call the bank you paid from straight away and have them start a recall; also report it to the police.

People receiving money can be targeted as well: one known trick is a buyer who pays too much followed by a request to send back the difference. Do not act before the money has really arrived and check with Banca di Credito Cooperativo Bergamo e Valli S.c. if anything seems off.

Choosing between the 7 SWIFT codes of Banca di Credito Cooperativo Bergamo e Valli S.c.

Having 7 codes in 6 locations, Banca di Credito Cooperativo Bergamo e Valli S.c. is one of the banks that register individual codes for branches. The main code remains ICRAITR1O51.

Usually there is no need to look up a branch: transfers addressed to ICRAITR1O51 are routed within Banca di Credito Cooperativo Bergamo e Valli S.c. correctly. If you have been given a specific code, stick to it rather than swapping it for the head office code.

Not sure which code to use? Check with the recipient, or look at a recent statement from Banca di Credito Cooperativo Bergamo e Valli S.c.. Codes for branches are more prone to change than the head office code when a bank merges or closes offices.

Sending EUR to Banca di Credito Cooperativo Bergamo e Valli S.c.

Italy pays in the Euro, code EUR. If you send another currency, the amount has to be converted at some point – by your bank, by Banca di Credito Cooperativo Bergamo e Valli S.c. or by a bank in between. Each conversion costs something.

Who converts the payment matters. Check how much EUR arrives via several providers; the difference between options can be larger than you expect.

Rates for EUR move during the day. On larger amounts, even seemingly small difference in the rate can be worth more than the fee.