Banca di Credito Cooperativo di Borghetto Lodigiano Soc. Coop. SWIFT/BIC code

What ICRAITRR means for a payment to Banca di Credito Cooperativo di Borghetto Lodigiano Soc. Coop.

The short code ICRAITRR and the full code ICRAITRR0U0 identify the same bank: Banca di Credito Cooperativo di Borghetto Lodigiano Soc. Coop., with its head office in Borghetto Lodigiano. The code has a single purpose: it ensures that a cross-border transfer reaches the right bank. In daily life you mostly come across the code on international invoices, in payment forms and in the bank details of Banca di Credito Cooperativo di Borghetto Lodigiano Soc. Coop. customers.

On this page we explain how the code means, when it matters and which other details you need for a transfer to or from Banca di Credito Cooperativo di Borghetto Lodigiano Soc. Coop.. A SWIFT code identifies an institution, never a single account; the IBAN or account number does that.

Sending money abroad from Banca di Credito Cooperativo di Borghetto Lodigiano Soc. Coop.

A bank transfer abroad can cost more than the listed fee. You pay the transfer fee, sometimes charges from correspondent banks in between and, above all, the margin on the exchange rate when the money is converted.

The markup on the rate tends to be the largest cost, and it is easy to miss. An easy check: put the bank’s rate next to the mid-market rate and look at the difference.

Specialist money transfer services often use a rate near the mid-market rate. Next time you send money, it is worth comparing what arrives on GoldexPay rather than accepting the bank’s rate by default. Using a transfer service does not mean closing your account at Banca di Credito Cooperativo di Borghetto Lodigiano Soc. Coop. – you pay the provider from your own account.

Watch out for payment fraud

Criminals regularly send fake invoices with changed bank details sent from what looks like a familiar address. That ICRAITRR is a real code is no guarantee that the account is genuine; criminals use the codes of real banks too.

Before paying, confirm a change of bank details through a phone call on a number you know, not one from the message. Be suspicious of time pressure, odd spelling or an email address that differs by one letter. When money was sent to a fraudster, call your bank right away – speed improves the chance of getting it back.

Fraud can also work the other way: someone sends too much and asks you to return the difference. Do not act before the money has really arrived – ask Banca di Credito Cooperativo di Borghetto Lodigiano Soc. Coop. if something looks wrong.

Incoming international payments to Banca di Credito Cooperativo di Borghetto Lodigiano Soc. Coop.

To receive a transfer from abroad at Banca di Credito Cooperativo di Borghetto Lodigiano Soc. Coop., the sender needs more than the BIC. That means: your full name exactly as it appears on the account, your IBAN or account number, the SWIFT/BIC code ICRAITRR0U0 (or ICRAITRR) and usually your address.

Some banks want the bank’s address; it does no harm to include it. Check the details before you share them.

Do not be surprised if the amount credited is smaller than the amount on the sender’s receipt. Correspondent banks can take a fee, and when currencies differ, a markup on the rate comes on top. Agree with the sender who pays which costs, especially for larger amounts.

Before you send: check the Banca di Credito Cooperativo di Borghetto Lodigiano Soc. Coop. code

Have the recipient send you their bank details directly from their banking app. Compare it against ICRAITRR on this page and ask if anything does not match.

Mistakes in the SWIFT code tend to be costly rather than fatal: often the payment comes back, minus fees. An error in the account number is more serious, because the money may be credited to someone else.

Many banking apps check the structure of an IBAN and sometimes look up the BIC automatically. Where available, a name check on the recipient gives an extra layer of safety. For a first payment, some people start with a small test amount.

A note on our data

This directory is compiled from public sources and we update it periodically. It is possible that a code on this page is no longer current after a merger or reorganisation. Figures such as the number of codes are from our directory and are not confirmed by Banca di Credito Cooperativo di Borghetto Lodigiano Soc. Coop..

Treat the information on this page as a helpful check. GoldexPay is independent of Banca di Credito Cooperativo di Borghetto Lodigiano Soc. Coop.; we are a comparison site for money transfers. Found outdated information? Tell us through the contact page.

What the XXX in ICRAITRR0U0 means

The structure of a BIC is always the same: a bank code of four letters, a two-letter country code and two for the location. In this case, the 8-character core is ICRAITRR.

The full version has a three-character extension for a branch or department. When those three characters are XXX, the code points to the head office, which is why ICRAITRR0U0 and ICRAITRR lead to the same place.

Type the code as one block, in capitals and without separators, exactly as shown here. Watch for O versus 0 and I versus 1; they are easy to mix up.

Do you need ICRAITRR for a SEPA transfer?

Inside SEPA, euro payments to an account in Italy use common rules, so the IBAN does the job in most cases. The BIC field is often optional for those payments.

A SWIFT code like ICRAITRR still come into play for payments in other currencies. If your banking app has a field for the BIC anyway, adding ICRAITRR does no harm.

Instant euro transfers are widely supported across SEPA – whether Banca di Credito Cooperativo di Borghetto Lodigiano Soc. Coop. offers them for your account is worth checking. Charges on SEPA transfers are generally low, as long as no currency conversion is involved.

Which of the 10 codes of Banca di Credito Cooperativo di Borghetto Lodigiano Soc. Coop. do you need?

Our database contains 10 SWIFT/BIC codes for Banca di Credito Cooperativo di Borghetto Lodigiano Soc. Coop.. Next to the head office code ICRAITRR0U0, there are codes for individual branches and departments.

In most cases there is no need to pick a branch: payments addressed to ICRAITRR0U0 reach Banca di Credito Cooperativo di Borghetto Lodigiano Soc. Coop. correctly. When you receive a branch code, stick to it instead of swapping it for the head office code.

The safest approach is to take the code directly from the account holder’s invoice. Codes are sometimes changed or retired over time, so do not rely on old paperwork.

Sending EUR to Banca di Credito Cooperativo di Borghetto Lodigiano Soc. Coop.

Accounts at Banca di Credito Cooperativo di Borghetto Lodigiano Soc. Coop. are usually held in EUR, the local currency. Money sent in a different currency is exchanged into EUR before it reaches the account, and whoever converts it chooses the rate. You rarely see a separate line for the conversion.

Where the conversion happens affects the final amount. Transferring the money directly in EUR usually prevents an extra conversion by Banca di Credito Cooperativo di Borghetto Lodigiano Soc. Coop..

The EUR rate changes constantly. If you pay regularly, a slightly better rate add up over a year.

Tracking a transfer to or from Banca di Credito Cooperativo di Borghetto Lodigiano Soc. Coop.

How fast a transfer reaches Banca di Credito Cooperativo di Borghetto Lodigiano Soc. Coop. depends on several factors: the currency, how many intermediary banks are involved, cut-off times and time zones. Bank holidays in either country add extra days, since banks do not process on those days. Compliance checks by one of the banks may also cause a delay, even when all details are correct.

Many banks use SWIFT gpi. Each payment carries a unique transaction reference, the UETR. Keep the payment confirmation until the money has arrived; it contains the details a bank needs to start a trace.

If the money does not arrive within the expected time, the sender needs to contact the bank that sent it. As a recipient, it helps to look at your statements for a partial amount, since fees may have been deducted.