Banca di Credito Cooperativo di Arborea SWIFT/BIC code

ICRAITRR – the SWIFT/BIC code of Banca di Credito Cooperativo di Arborea

The 8-character code ICRAITRR and the 11-character code ICRAITRRA20 identify one and the same institution: Banca di Credito Cooperativo di Arborea in Arborea, Italy. A SWIFT code shows every bank in the chain exactly which bank is meant to get the money. It comes up mainly when dealing with payments that cross a border.

We wrote this page to help anyone who pays into an account at Banca di Credito Cooperativo di Arborea. Keep in mind that the BIC just identifies the bank, not the account: the IBAN or account number takes care of that.

Which of the 2 codes of Banca di Credito Cooperativo di Arborea do you need?

Our database contains 2 SWIFT/BIC codes for Banca di Credito Cooperativo di Arborea, spread over 2 cities. Besides the head office code ICRAITRRA20, you will find codes for individual branches and departments.

If nobody asks you for a branch code, use ICRAITRRA20. Just use a branch code when your contact explicitly asks for it, for example on an invoice or in their bank details.

Not sure which code to use? Ask the recipient. Branch codes are more prone to change than the head office code.

Incoming international payments to Banca di Credito Cooperativo di Arborea

Someone abroad who wants to pay you needs several details from you, and missing ones are a common cause of delays. In practice that means: your name as registered with Banca di Credito Cooperativo di Arborea, your IBAN or account number, the BIC ICRAITRRA20 (or ICRAITRR) and usually your address.

It helps to add Banca di Credito Cooperativo di Arborea and Arborea too, because some payment forms have separate fields for them. A mistake in your account number is more trouble than it looks; copy them from your banking app rather than typing.

What lands in your account can be lower than the amount sent. Correspondent banks can take a fee and your own bank may charge for processing, and if the money is converted, an exchange rate margin comes on top. Agree with the sender who covers the fees, especially for larger amounts.

International transfers from Banca di Credito Cooperativo di Arborea: the real cost

The price of a payment abroad is made up of more than one component. You pay the fee for the transfer itself, sometimes charges from correspondent banks in between and, above all, the margin on the exchange rate if the currency changes.

That exchange rate margin is often the largest cost even though it is not listed as a fee. Compare their rate with the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

Specialised transfer providers frequently use rates closer to the mid-market rate and lower fees. GoldexPay compares the amount that arrives across providers, which makes the cheapest option easy to spot. You can still use your account at Banca di Credito Cooperativo di Arborea, while a cheaper service handles the conversion.

A note on our data

The details on this page are taken from public sources. Even so, banks merge, rename themselves or retire codes. The figures we show reflect what is in our directory.

Treat our data as a starting point, rather than as the last word: the recipient’s bank details come first. GoldexPay is an independent comparison service for money transfers and not affiliated with Banca di Credito Cooperativo di Arborea. Found outdated information? Tell us through the contact page so we can correct it.

SEPA payments and the Banca di Credito Cooperativo di Arborea BIC

Italy is part of the Single Euro Payments Area (SEPA). For a regular euro transfer from another SEPA country, the IBAN is usually enough; many banks no longer ask for the BIC.

You still need ICRAITRRA20 when sending non-euro payments or money from outside the SEPA area. A few banks and apps still show a field for the BIC out of habit; if so, fill in ICRAITRR or ICRAITRRA20.

Instant euro transfers are increasingly supported across SEPA. Provided the payment stays in euros, a SEPA transfer tends to be inexpensive; costs rise once a conversion is involved.

The Euro and what conversion costs you

Italy pays in the Euro (EUR). Money sent in a different currency will be exchanged into EUR before it reaches the account – and the bank that does it picks the rate. You rarely see a separate charge for that conversion – the cost sits in the rate.

Which bank converts the money makes a difference. Compare what EUR the recipient gets with several providers; the difference between options can be larger than you expect.

Exchange rates move during the day – some services let you fix a rate in advance. If you pay regularly, small differences in the rate make a real difference over time.

Is ICRAITRR still correct? How to check

The best place to find the right code is a document from the bank itself, such as a statement or the account details in online banking. Check it with ICRAITRR here.

If the code is wrong, the transfer might be delayed, bounce back or cost extra – sometimes after weeks of searching. Remember the IBAN: a mistake there is harder to undo than a wrong BIC.

Most online banking apps validate the structure of IBANs and sometimes look up the BIC automatically, but that does not prove the account belongs to the right person. More and more banks compare the payee name with the account; take any warning seriously. A small test payment can be worth it for large sums despite the extra fee.

What the XXX in ICRAITRRA20 means

The structure of every SWIFT code never changes: four characters for the institution, two for the country and a two-character location code, plus an optional branch code. That gives you ICRAITRR.

Many banks and apps accept both lengths. If yours asks for eleven characters, enter ICRAITRRA20.

Type the code as one block, in capitals and without separators, exactly as shown here. Look out for the letter O and the digit 0 or the letter I and the digit 1, a common source of typos.

When will the money arrive at Banca di Credito Cooperativo di Arborea?

An international transfer usually needs anywhere from one to several business days – it depends on currency, route and the banks in between. Bank holidays in either country can add extra days, since banks do not process on those days. Occasionally a bank wants to know about the purpose of a payment.

Many banks use SWIFT gpi, which lets them follow a payment from bank to bank. Each gpi transfer carries a unique reference, the UETR. Specialist transfer services often show a status in their app showing how far the payment has got.

Only the sending bank can start an official trace or a recall – the recipient’s bank often cannot see a payment that has not arrived. Request from the sender the payment receipt; that often settles the question quickly.

Watch out for payment fraud

Scammers often use fake invoices containing changed bank details, sometimes in an email that looks completely genuine. That ICRAITRR is a real code does not mean that the account is legitimate – fraudsters use real bank codes as well.

Always verify a change of bank details through a phone call, using a number you already had. Be suspicious of urgent requests, unusual wording or an email address that differs by one letter. Already paid? Contact your bank straight away and ask them to try to recall the payment.

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