Banca di Credito Cooperativo Della Romagna Occidentale S.c.r.l. SWIFT/BIC code

What ICRAITR1 means for a payment to Banca di Credito Cooperativo Della Romagna Occidentale S.c.r.l.

ICRAITR1 and ICRAITR1CU5 are the short and the long form of the same bank identifier, and both point to Banca di Credito Cooperativo Della Romagna Occidentale S.c.r.l. in Casola Valsenio. A BIC has a single purpose: it makes sure that money from abroad reaches the right bank. In daily life you usually come across the code on invoices from abroad, in your banking app and on the account details that Banca di Credito Cooperativo Della Romagna Occidentale S.c.r.l. provides.

On this page we explain what the code means, when it matters and what else a transfer to or from Banca di Credito Cooperativo Della Romagna Occidentale S.c.r.l. requires. The BIC names a bank or branch, not a specific account.

A note on our data

We gather SWIFT/BIC codes from public sources and update them from time to time. Still, banks merge or retire codes, so information can be out of date. Figures such as the number of codes are from our own dataset and are not confirmed by Banca di Credito Cooperativo Della Romagna Occidentale S.c.r.l..

Use this page as a reference, rather than as the final word. GoldexPay has no connection to Banca di Credito Cooperativo Della Romagna Occidentale S.c.r.l., we only compare transfer services. Should you notice a mistake, we welcome a short note via the contact page.

Banca di Credito Cooperativo Della Romagna Occidentale S.c.r.l.: head office code versus branch codes

Having 11 codes in 8 locations, Banca di Credito Cooperativo Della Romagna Occidentale S.c.r.l. belongs to the banks that register individual codes for parts of the organisation. The head office code remains ICRAITR1CU5.

Unless the recipient tells you otherwise, use ICRAITR1CU5 or its short form ICRAITR1. A branch code only makes sense if the account holder explicitly mentions it.

The safest approach is to copy the code straight from the recipient’s invoice. Codes can change when banks reorganise, so a code from an old document is not always valid.

Paying Banca di Credito Cooperativo Della Romagna Occidentale S.c.r.l. in euros within SEPA

Since Italy is in the SEPA zone, a euro payment into Banca di Credito Cooperativo Della Romagna Occidentale S.c.r.l. from within the SEPA area normally only needs the IBAN. Most banking apps do not require the BIC in that case.

You will still need ICRAITR1CU5 for payments in other currencies or transfers from countries outside SEPA. If your banking app asks for the BIC anyway, adding ICRAITR1 does no harm.

SEPA transfers usually arrive within one business day, and instant transfers in seconds where both banks support them. Provided the payment stays in euros, a SEPA transfer tends to be inexpensive.

How to check ICRAITR1 before you pay

The best place to find the right code is a document from the bank itself like a bank statement or the account page in online banking. When the code you were given does not match ICRAITR1 or ICRAITR1CU5, stop and ask.

An incorrect BIC can cause a delay, a payment being sent back or extra fees for investigation. A mistake in the account number is more serious, so check that just as carefully.

A validity check in your banking app merely confirms that the IBAN exists, not that it is the right account. More and more banks check the name with the account – do not ignore a mismatch warning. Sending a small amount first is a sensible step for a large first payment.

International transfers from Banca di Credito Cooperativo Della Romagna Occidentale S.c.r.l.: the real cost

When you transfer money abroad via Banca di Credito Cooperativo Della Romagna Occidentale S.c.r.l., the visible fee is only part of what you pay. On top of a fixed fee, correspondent or intermediary banks may deduct a fee, and when the money changes currency, the bank often uses a rate below the actual market rate.

The real cost is often in the rate, rather than in the fee: many banks convert at a rate with a margin built in. Compare their rate with the mid-market rate – the rate you find on financial news sites.

Specialist money transfer services frequently use a rate near the mid-market rate with clearer fees. GoldexPay lists transfer providers next to each other, showing what actually arrives. Using a transfer service does not require leaving Banca di Credito Cooperativo Della Romagna Occidentale S.c.r.l..

The Euro and what conversion costs you

Italy pays in the Euro, with the currency code EUR. Money sent in a different currency will be exchanged into EUR before it reaches the account. Every conversion eats into something, even when no fee is shown.

Who converts the payment matters, because each party uses its own rate. Check how much EUR the recipient gets with several services.

Exchange rates move during the day. If you pay regularly, small differences in the rate make a real difference over a year.

How long does an international transfer to Banca di Credito Cooperativo Della Romagna Occidentale S.c.r.l. take?

There is no fixed delivery time: many land within a day. Bank holidays in the sending or receiving country add extra days to the journey. Sometimes a bank asks about the purpose of a payment, which can hold things up.

A growing number of banks use SWIFT gpi, which lets them follow a payment from bank to bank. Every gpi transfer gets a unique transaction reference, the UETR. Keep your transfer receipt; it contains the details a bank needs to start a trace.

Only the sending bank is able to request a trace; the receiving side usually has nothing to trace yet. Request from the sender a copy of the payment confirmation.

What to give a sender who pays you at Banca di Credito Cooperativo Della Romagna Occidentale S.c.r.l.

To receive an international payment into your account at Banca di Credito Cooperativo Della Romagna Occidentale S.c.r.l., the person paying you needs more than the SWIFT code. That means: your full name exactly as it appears on the account, your IBAN or account number, the SWIFT/BIC code ICRAITR1CU5 (or ICRAITR1) and sometimes your address.

Certain banks also ask for the name and address of Banca di Credito Cooperativo Della Romagna Occidentale S.c.r.l. in Casola Valsenio, so keep it at hand. Check each detail before you share them.

What lands in your account can be lower than the amount sent. Charges on incoming payments vary from bank to bank. Agree with the sender who covers the fees, especially for larger amounts.

What the XXX in ICRAITR1CU5 means

A BIC is built from fixed blocks: the first four letters identify the bank, characters five and six give the country and the two after that mark the location. Combined, those parts make up ICRAITR1, the code most people search for.

XXX at the end of ICRAITR1CU5 does not stand for a missing value or a mistake: it stands for the main office of Banca di Credito Cooperativo Della Romagna Occidentale S.c.r.l.. Some forms insist on 11 characters, in which case you simply add XXX after ICRAITR1.

Enter the code as one block, in capitals and without spaces. Copying the code is safer than typing it by hand.

Changed bank details? Be careful

Stay wary if a contact unexpectedly asks 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 genuine – fraudsters use real bank codes as well.

Always verify a change of bank details by phone on a number you know, not one from the message. Watch out for urgent requests, unusual wording or an email address that differs by one letter. When a payment has already gone to a fraudster, contact your bank immediately.

Fraud can also work the other way. Someone sends too much and asks you to return the extra via a different route. A payment confirmation from the sender proves nothing; only your own account shows what has arrived.