Banca di Credito Cooperativo di Basiliano Societa' Cooperativa SWIFT/BIC code

ICRAITRR – the SWIFT/BIC code of Banca di Credito Cooperativo di Basiliano Societa' Cooperativa

The 8-character code ICRAITRR and the 11-character code ICRAITRRAF0 refer to the same bank: Banca di Credito Cooperativo di Basiliano Societa' Cooperativa in Basiliano, Italy. A SWIFT code tells every bank in the chain which institution should receive the money. In practice you usually come across the code on international invoices, in payment forms and on the account details that Banca di Credito Cooperativo di Basiliano Societa' Cooperativa provides.

On this page you can read what the code is put together, when it matters and which other details you need for a transfer to or from Banca di Credito Cooperativo di Basiliano Societa' Cooperativa. The SWIFT code on its own does not identify an individual account holder; for that you need the account number or IBAN is for.

ICRAITRR or ICRAITRRAF0 – which one to use?

The structure of every SWIFT code is always the same: a bank code of four letters, two for the country and a two-character location code, plus an optional branch code. Combined, those parts make up ICRAITRR – the version you usually see online.

The long version has three more characters for a branch or department. When those three characters are XXX, they simply mean the head office, which is why ICRAITRRAF0 and ICRAITRR lead to the same place.

As a rule the code is written in capitals and without spaces. A wrong character may route a payment to another bank.

Incoming international payments to Banca di Credito Cooperativo di Basiliano Societa' Cooperativa

A sender in another country needs several details from you – incomplete details often cause delays. Give them the account holder’s name, the IBAN or account number, SWIFT code ICRAITRRAF0 and your address, which some banks require.

It helps to add Banca di Credito Cooperativo di Basiliano Societa' Cooperativa and its city as well, since some forms ask for it. Double-check each detail before you send them.

Do not be surprised if the incoming amount is below what the sender paid. Correspondent banks can take a fee, Banca di Credito Cooperativo di Basiliano Societa' Cooperativa may charge for incoming payments, and when currencies differ, a markup on the rate applies. Make clear with the sender who pays which costs.

How long does an international transfer to Banca di Credito Cooperativo di Basiliano Societa' Cooperativa take?

How fast a payment arrives at Banca di Credito Cooperativo di Basiliano Societa' Cooperativa is determined by a few things: which currency you send, how many intermediary banks are involved, cut-off times and differences in time zone. Payments made late in the day or just before a weekend or public holiday often go out a business day later. Extra checks by one of the banks may also cause some delay.

Many banks use SWIFT gpi. Each payment carries a unique reference, the UETR, which your bank can use to see where the money is. Money transfer services often provide tracking online so you can see where the money has got.

The bank that sent the money is able to start an official trace – the recipient’s bank often cannot see a payment that has not arrived. As a recipient, you can look at your account to see a partial amount.

SEPA payments and the Banca di Credito Cooperativo di Basiliano Societa' Cooperativa BIC

Italy belongs to the Single Euro Payments Area (SEPA). When you send euros from another SEPA country, the IBAN is usually enough; many banks no longer ask for the BIC.

The BIC still matter when the currency is not euros, and for transfers from outside SEPA. A few forms still show a field for the BIC; if so, enter ICRAITRR or ICRAITRRAF0.

SEPA transfers normally land within one business day; instant payments are faster if both banks offer them. Fees for SEPA payments tend to be low.

How to check ICRAITRR before you pay

The most reliable source for a SWIFT code is the recipient’s own bank details: an invoice, a bank statement or their online banking. If the code you have does not match ICRAITRR or ICRAITRRAF0, stop and ask: check with the recipient or with Banca di Credito Cooperativo di Basiliano Societa' Cooperativa directly.

Errors in the SWIFT code are annoying rather than fatal: often the payment comes back, minus fees. An error in the account number is more serious.

A format check in your banking app merely tells you that the IBAN is valid. Where available, a name check before sending gives extra certainty. When you pay someone new, many people send a small test amount before sending the rest.

Protect yourself against fake payment requests

Stay wary when someone unexpectedly asks you to send money to a different account or a bank in another country. A correct SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Do not trust a phone number from the same email that announces the new account. Watch out for time pressure, unusual wording or a sender address that is slightly off. If money has already gone to a fraudster, contact your bank immediately: the sooner they act, the better the chance of a recall.

People receiving money can be targeted as well: a classic trick is a buyer who pays too much followed by a request to send back the difference abroad. A screenshot of a transfer is no proof.

Which of the 13 codes of Banca di Credito Cooperativo di Basiliano Societa' Cooperativa do you need?

Banca di Credito Cooperativo di Basiliano Societa' Cooperativa has 13 different SWIFT/BIC codes. Only one is the head office code; the rest identify branches or departments.

For most payments to a private or business account, the head office code ICRAITRRAF0 is what you need. Just use a branch code when the account holder gives you that exact code, for example on a letter or invoice.

When in doubt, ask the person you are paying for the exact BIC in their bank details. Codes for branches are more likely to change than ICRAITRRAF0 when a bank merges or closes offices.

What a transfer from Banca di Credito Cooperativo di Basiliano Societa' Cooperativa abroad really costs

The price of an international transfer has several parts – not just the fee on your screen. There is the transfer fee, possibly charges from correspondent banks along the way and, most importantly, the margin on the exchange rate when the money is converted.

That exchange rate margin tends to be the biggest cost even though it is not listed as a fee. Check their rate with the mid-market rate.

For many currency pairs, a specialist provider turns out to be cheaper than a bank. On GoldexPay you can compare the amount that arrives across providers. You can still keep your account at Banca di Credito Cooperativo di Basiliano Societa' Cooperativa.

The Euro and what conversion costs you

Italy uses the Euro, code EUR. Money sent in a different currency is exchanged into EUR on its way to Banca di Credito Cooperativo di Basiliano Societa' Cooperativa – and the bank that does it picks the rate. Every conversion costs something – usually through the rate rather than a fee.

Which bank converts the payment makes a difference: every bank has its own margin. Check how much EUR the recipient gets via several providers before choosing one.

The rate for EUR fluctuates throughout the day, so the amount you see is usually only valid for a short time. With bigger transfers, even small gap in the rate adds up quickly.

Where our SWIFT data comes from

This directory draws on publicly available sources. It can happen that a code on this page is out of date, for example after a merger. The number of codes on this page are based on what is in our directory.

For any payment that matters, always confirm the BIC with Banca di Credito Cooperativo di Basiliano Societa' Cooperativa or the recipient. We are an independent comparison site for money transfers and not affiliated with Banca di Credito Cooperativo di Basiliano Societa' Cooperativa. Spotted outdated information? Let us know through the contact page.