Banca di Credito Cooperativo di Altofonte e Caccamo-Soc. Coop. SWIFT/BIC code

Banca di Credito Cooperativo di Altofonte e Caccamo-Soc. Coop. SWIFT code: ICRAITRR

The 8-character code ICRAITRR and the 11-character code ICRAITRR9H0 identify one and the same institution: Banca di Credito Cooperativo di Altofonte e Caccamo-Soc. Coop. in Altofonte, Italy. A SWIFT code shows the sending bank exactly which bank should receive the money, a bit like a postal address for banks. You will need it mostly for transfers between countries.

We wrote this page to help people who sends money to an account at Banca di Credito Cooperativo di Altofonte e Caccamo-Soc. Coop. and wants to get the details right. The SWIFT code alone cannot identify an individual account holder; that is what the account number or IBAN is for.

Euro transfers to Banca di Credito Cooperativo di Altofonte e Caccamo-Soc. Coop.: is a BIC needed?

Inside SEPA, euro payments to an account in Italy follow common rules and in most cases need only the IBAN. A field for the BIC is usually optional or missing in that case.

Outside the euro and for senders outside SEPA, ICRAITRR9H0 remains part of the payment details. If a payment form asks for the BIC regardless, adding ICRAITRR does no harm.

Euro payments within SEPA usually arrive within one business day; instant payments are faster if both banks offer them. Fees for SEPA payments tend to be low, as long as no currency conversion is involved.

How long does an international transfer to Banca di Credito Cooperativo di Altofonte e Caccamo-Soc. Coop. take?

An international transfer typically needs one to a few business days, depending on the currency, the route and the banks involved. Payments made late in the day or just before a weekend or public holiday often start the next business day. Compliance checks on larger or unusual payments can also add a delay, even when all details are correct.

A growing number of banks use SWIFT gpi. Each gpi transfer carries a unique reference, the UETR that banks can use to trace it. Money transfer services often provide tracking in their app so you can see where the payment has got.

A missing payment has to be investigated from the sending side. As a recipient, it helps to look at your statements for a slightly lower amount because fees can reduce the amount.

Why Banca di Credito Cooperativo di Altofonte e Caccamo-Soc. Coop. has an 8- and an 11-character code

The layout of a BIC is always the same: four characters for the institution, a two-letter country code and a two-character location code. In this case, that core is ICRAITRR.

XXX at the end of ICRAITRR9H0 is not a missing value or a mistake: it indicates the main office of Banca di Credito Cooperativo di Altofonte e Caccamo-Soc. Coop.. Some forms insist on 11 characters, in which case you simply add XXX after ICRAITRR.

As a rule the code is typed in capitals, without spaces or dashes. A single letter can send the money to a different institution.

Receiving money from abroad at Banca di Credito Cooperativo di Altofonte e Caccamo-Soc. Coop.

Someone abroad who wants to pay you will ask for a few details about your account. That means: your full name as registered with Banca di Credito Cooperativo di Altofonte e Caccamo-Soc. Coop., your account number or IBAN, the BIC ICRAITRR9H0 (or ICRAITRR) and sometimes your postal address.

Their bank might request the address of your bank, in which case the Altofonte head office is the usual answer. Double-check every detail before you send them – a sender rarely spots a mistake in someone else’s details.

Do not be surprised if the incoming amount is smaller than what the sender paid. Correspondent banks can take a fee, and if the currency changes, an exchange rate margin applies. On invoices, it is common to state how the fees are split, so that nobody is left short.

A note on our data

The codes here come from publicly available data which we refresh regularly. Institutions reorganise, change names and retire codes, and a directory never catches every change immediately. Figures such as the number of codes are from our directory and may differ from what Banca di Credito Cooperativo di Altofonte e Caccamo-Soc. Coop. publishes.

See our directory here as a handy check. GoldexPay is independent of Banca di Credito Cooperativo di Altofonte e Caccamo-Soc. Coop.. Should you notice a mistake, we welcome a short note via the contact page.

Watch out for payment fraud

Stay wary when someone suddenly asks you to send money to a different account or a bank in another country. That ICRAITRR is a real code is no guarantee that the account is legitimate; criminals use the codes of real banks too.

Always verify changed bank details through a phone call, using a number you already had. Watch out for time pressure, unusual wording or an email address that differs by one letter. If a payment has already gone to the wrong account, call your bank right away.

People receiving money are targeted too: one known trick is an overpayment followed by a request to send back the difference to another account. A screenshot of a transfer proves nothing – check your own account.

The Euro and what conversion costs you

Italy uses the Euro. When you pay another currency it has to be converted somewhere along the way – by your bank, by Banca di Credito Cooperativo di Altofonte e Caccamo-Soc. Coop. or by a bank in between. Every conversion eats into something.

Who does the conversion has an effect on the final amount, as rates and margins differ per bank. Transferring the money directly in EUR usually avoids an extra conversion, provided the rate you get is fair.

Exchange rates move all the time – some services let you fix a rate in advance. If you pay regularly, a slightly better rate make a real difference over a year.

Verifying the SWIFT code of Banca di Credito Cooperativo di Altofonte e Caccamo-Soc. Coop.

The most reliable place for the right code is paperwork issued by the bank. If the code you have does not match ICRAITRR or ICRAITRR9H0, stop and ask – contact the recipient or Banca di Credito Cooperativo di Altofonte e Caccamo-Soc. Coop..

With a wrong code, the transfer may be delayed, be returned or end up costing more. An error in the account number can be a bigger problem because it can reach the wrong person, so check that just as carefully.

Many banking apps validate the structure of an IBAN and some suggest the matching BIC, but that does not prove the account belongs to the right person. Where available, a payee name check on the recipient gives an extra layer of safety. For a first payment, many people send a small test amount.

Sending money abroad from Banca di Credito Cooperativo di Altofonte e Caccamo-Soc. Coop.

An international bank payment costs rather more than the fee suggests. Besides a fixed fee, banks in between may take a cut, and when currencies are converted the bank often applies a rate that is less favourable than the real market rate.

Most of the cost usually sits in the exchange rate, rather than in the fee: the bank converts using an exchange rate that includes a margin. Check the rate you are offered with the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

Money transfer services often use rates closer to the mid-market rate and lower fees. GoldexPay compares transfer providers next to each other, showing what actually arrives before you commit. Using a transfer service does not require closing your account at Banca di Credito Cooperativo di Altofonte e Caccamo-Soc. Coop..

Choosing between the 4 SWIFT codes of Banca di Credito Cooperativo di Altofonte e Caccamo-Soc. Coop.

Banca di Credito Cooperativo di Altofonte e Caccamo-Soc. Coop. has 4 separate SWIFT/BIC codes across 4 cities. Only one is the head office code, ICRAITRR9H0; the others identify branches.

In most cases there is no need to pick a branch: transfers addressed to ICRAITRR9H0 reach Banca di Credito Cooperativo di Altofonte e Caccamo-Soc. Coop. correctly. Only use a branch code when your contact explicitly asks for it, for example on an invoice or in their bank details.

When in doubt, ask the person you are paying which code their bank gave them. Branch codes can change over time, so do not rely on old paperwork.