Banca di Credito Cooperativo Colli Morenici del Garda Scrl SWIFT/BIC code

ICRAITR1 – the SWIFT/BIC code of Banca di Credito Cooperativo Colli Morenici del Garda Scrl

If an invoice shows ICRAITR1 or ICRAITR1IS1, it is the same identifier for Banca di Credito Cooperativo Colli Morenici del Garda Scrl in Italy. The code does one job: it ensures that money from abroad reaches the right bank. It comes up mostly for transfers between countries.

We wrote this page to help anyone who sends money to an account at Banca di Credito Cooperativo Colli Morenici del Garda Scrl. The BIC names an institution, not a single account.

Sending money abroad from Banca di Credito Cooperativo Colli Morenici del Garda Scrl

If you transfer money to another country via Banca di Credito Cooperativo Colli Morenici del Garda Scrl, the fee you see is rarely all of the cost. Besides the transfer fee, correspondent or intermediary banks can take a cut, and if the money changes currency, the bank usually uses a rate that is less favourable than the real market rate.

The markup on the rate is often the largest item. An easy check: set the bank’s rate against the mid-market rate and look at the difference.

For a lot of routes, a transfer service turns out to be cheaper than a bank – mostly thanks to the rate. GoldexPay compares transfer providers side by side, showing what actually arrives for the same amount sent. You can still keep your account at Banca di Credito Cooperativo Colli Morenici del Garda Scrl, while a cheaper service handles the conversion.

Paying Banca di Credito Cooperativo Colli Morenici del Garda Scrl in euros within SEPA

Within the SEPA zone, euro transfers to Banca di Credito Cooperativo Colli Morenici del Garda Scrl use the same rules and in most cases need only the IBAN. The BIC field is often optional for those payments.

You still need ICRAITR1IS1 when sending non-euro payments or transfers from countries outside SEPA. Some banks and apps also show a field for the BIC out of habit; if so, fill in ICRAITR1.

Euro payments within SEPA normally land by the next business day. Charges on SEPA payments tend to be low, as long as no currency conversion is involved.

Sending EUR to Banca di Credito Cooperativo Colli Morenici del Garda Scrl

Most accounts at Banca di Credito Cooperativo Colli Morenici del Garda Scrl are typically held in EUR, the national currency of Italy. Money sent in a different currency will be exchanged into EUR. There is rarely a separate line for that conversion – the cost sits in the rate.

Which bank converts the payment makes a difference, because each party uses its own rate. Sending the money already in EUR usually avoids a second conversion by Banca di Credito Cooperativo Colli Morenici del Garda Scrl – as long as your own rate is good.

Exchange rates move during the day, and some providers let you lock in a rate. With bigger transfers, even seemingly small difference in the rate adds up quickly.

Banca di Credito Cooperativo Colli Morenici del Garda Scrl: head office code versus branch codes

Having 21 codes, Banca di Credito Cooperativo Colli Morenici del Garda Scrl belongs to the banks that register individual codes for parts of the organisation and departments. The head office code remains ICRAITR1IS1.

In most cases there is no need to look up a branch: transfers addressed to ICRAITR1IS1 are routed within Banca di Credito Cooperativo Colli Morenici del Garda Scrl correctly. Just use a branch code when your contact explicitly asks for it.

Unsure which code to use? Ask the recipient, or look at a recent statement from Banca di Credito Cooperativo Colli Morenici del Garda Scrl. Codes for branches are more likely to change than the head office code when a bank merges or closes offices.

How long does an international transfer to Banca di Credito Cooperativo Colli Morenici del Garda Scrl take?

There is no single delivery time: some arrive the same day or the next while others need several business days. Bank holidays in the sending or receiving country add extra days, since banks do not process on those days. Extra checks on larger or unusual payments may also add a delay.

A growing number of banks are connected to SWIFT gpi for faster and traceable payments. Each payment gets a unique transaction reference, the UETR. Specialist transfer services usually provide a status in their app so you can see how far the money is.

A missing payment has to be investigated by the sending bank. As a recipient, it helps to look at your statements to see a partial amount.

Where our SWIFT data comes from

We collect bank codes from publicly available data and update them regularly. It can happen that information here is out of date. The figures on this page reflect our own data, not official figures from Banca di Credito Cooperativo Colli Morenici del Garda Scrl.

For a payment of any size, always check the code with the recipient’s bank or the recipient. GoldexPay has no connection to Banca di Credito Cooperativo Colli Morenici del Garda Scrl, we only compare transfer services. Spotted an error? Tell us through the contact page and we will look into it.

ICRAITR1 or ICRAITR1IS1 – which one to use?

Each SWIFT/BIC code has the same eight core characters: a four-letter bank code, two letters for the country and a two-character location code. That gives you ICRAITR1.

Most payment forms work with either length. If yours asks for eleven characters, enter ICRAITR1IS1, otherwise ICRAITR1 is fine.

Type the code in one piece, in capitals and without spaces, exactly as shown here. Watch for O versus 0 and the letter I and the digit 1, a common source of typos.

How to check ICRAITR1 before you pay

The safest source for a SWIFT code is the bank details provided by the recipient. If the code you have does not match ICRAITR1 or ICRAITR1IS1, do not guess.

Mistakes in the BIC tend to be annoying more than fatal: often the payment comes back, minus fees. Do not forget the account number: an error there can be harder to correct than a wrong BIC.

An automatic check by your bank only tells you that the IBAN exists – not that it belongs to the person you mean to pay. More and more banks check the payee name with the account before you confirm; take any warning seriously. Sending a small amount first is a sensible step for a large first payment.

Changed bank details? Be careful

Scammers often send payment requests containing changed bank details sent from what looks like a familiar address. The fact that ICRAITR1 exists is no guarantee that a request mentioning it is genuine – fraudsters use real bank codes as well.

Always confirm changed bank details through a phone call on a number you know, not one from the message. Urgency or secrecy tend to be red flags. Already paid? Contact the bank you paid from without delay and have them start a recall; also report it to the police.

People receiving money can be targeted as well: one known trick is an overpayment and then sends a request to refund the difference abroad. A payment confirmation from the sender proves nothing.

Receiving money from abroad at Banca di Credito Cooperativo Colli Morenici del Garda Scrl

When you are waiting for a payment from another country, give the sender all details at once. Share the account holder’s name, the IBAN or account number, SWIFT code ICRAITR1IS1 and your address, which some banks require.

Certain banks want the address of Banca di Credito Cooperativo Colli Morenici del Garda Scrl in Brescia. Check every detail before you share them, because the sender’s bank usually copies them as is.

An incoming payment will not always arrive in full. Charges on incoming payments differ per bank – the price list of Banca di Credito Cooperativo Colli Morenici del Garda Scrl tells you what applies. For business payments, it is common to agree how the fees are split.