Banca di Credito Cooperativo di Fano Soc.coop. SWIFT/BIC code

Banca di Credito Cooperativo di Fano Soc.coop. SWIFT code: ICRAITR1

Whether you are given ICRAITR1 or ICRAITR1EF4, it is the identical identifier for Banca di Credito Cooperativo di Fano Soc.coop. in Italy. Banks worldwide use these codes to direct payments between countries to the right institution. You will need it mainly for transfers between countries or a currency.

Below we go through the practical questions: money coming in from abroad, sending money abroad and how to verify the code before you hit send. Remember that the BIC only identifies the bank, not the account: the IBAN or account number takes care of that.

Incoming international payments to Banca di Credito Cooperativo di Fano Soc.coop.

To receive an international payment into your account at Banca di Credito Cooperativo di Fano Soc.coop., the sender needs more than the SWIFT code. That means: your name as registered with Banca di Credito Cooperativo di Fano Soc.coop., your account number or IBAN, the BIC ICRAITR1EF4 (or ICRAITR1) and, often, your postal address.

You can include Banca di Credito Cooperativo di Fano Soc.coop. and Cartoceto as well, since some forms ask for it. Check the details before you share them.

Do not be surprised if the amount credited is below what the sender paid. Charges on incoming payments differ per bank. Make clear with the sender who covers the fees, especially for larger amounts.

What a transfer from Banca di Credito Cooperativo di Fano Soc.coop. abroad really costs

What you pay for an international transfer is made up of several parts, and the transfer fee is only the most visible one. There is the transfer fee, possibly charges from correspondent banks in between and, most importantly, the exchange rate markup if the currency changes.

The markup on the rate is often the biggest cost. Compare the rate you are offered against the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

Specialised transfer providers often use rates closer to the mid-market rate and lower fees. GoldexPay compares these services next to each other so you can see what actually arrives before you commit. Using a transfer service does not require closing your account at Banca di Credito Cooperativo di Fano Soc.coop..

Where our SWIFT data comes from

The codes here are taken from publicly available data that we update regularly. Banks merge, change names and retire codes, and a directory never catches every change immediately. Figures such as the number of codes come from our directory and may differ from what Banca di Credito Cooperativo di Fano Soc.coop. publishes.

Before any payment that matters, always check the code with the recipient’s bank or the recipient. GoldexPay is independent of Banca di Credito Cooperativo di Fano Soc.coop.. If you notice a mistake, we appreciate a message.

Which of the 10 codes of Banca di Credito Cooperativo di Fano Soc.coop. do you need?

With 10 codes, Banca di Credito Cooperativo di Fano Soc.coop. belongs to the banks that register separate codes for parts of the organisation and departments. The main code is ICRAITR1EF4.

Usually you do not need to pick a branch: payments addressed to ICRAITR1EF4 reach Banca di Credito Cooperativo di Fano Soc.coop. without problems. When you receive a specific code, use it as it is rather than swapping it with the head office code.

The safest approach is to copy the code directly from the recipient’s bank details. Codes for branches are more prone to be retired than ICRAITR1EF4 when a bank merges or closes offices.

The Euro and what conversion costs you

Italy uses the Euro (EUR). When you pay money in a different currency it has to be converted somewhere along the way – by your bank, by Banca di Credito Cooperativo di Fano Soc.coop. or by a bank in between. There is rarely a separate line for the conversion.

Who converts the payment makes a difference: every bank has its own margin. Often you pay less if you send EUR straight away via a transfer service with a good rate.

The EUR rate fluctuates throughout the day and quotes are often valid only for a short time. If you pay regularly, a slightly better rate add up over time.

Do you need ICRAITR1 for a SEPA transfer?

Because Italy is part of the SEPA zone, a euro transfer into Banca di Credito Cooperativo di Fano Soc.coop. from within the SEPA area normally requires just the IBAN. Most banking apps do not require the BIC for these payments.

A SWIFT code like ICRAITR1 still matter for payments in other currencies and when the money comes from outside SEPA. If a payment form asks for the BIC anyway, entering ICRAITR1 does no harm.

Instant payments in euros have become increasingly supported across SEPA – whether Banca di Credito Cooperativo di Fano Soc.coop. offers them for your account is worth checking. Charges on SEPA transfers tend to be low, as long as no currency conversion is involved.

Transfer times and tracking a payment to Banca di Credito Cooperativo di Fano Soc.coop.

An international transfer typically needs anywhere from one to several business days – it depends on currency, route and the banks in between. Weekends and public holidays in either country can add extra days to the journey. Compliance checks by one of the banks can also add a delay.

When a payment takes longer than expected, ask the sending bank for the status or the UETR; with that reference banks can see where the payment is. Specialist transfer services usually provide a status in their app so you can see where the payment is.

The bank that sent the money is able to request a trace or a recall. As a recipient, it helps to look at your account for a slightly lower amount, since fees may have been deducted.

ICRAITR1 or ICRAITR1EF4 – which one to use?

The layout of every SWIFT code is always the same: a bank code of four letters, two for the country and a two-character location code. For Banca di Credito Cooperativo di Fano Soc.coop., that core is ICRAITR1.

XXX at the end of ICRAITR1EF4 does not stand for a missing value or a mistake: it indicates the head office of Banca di Credito Cooperativo di Fano Soc.coop.. Some banking apps ask for 11 characters, in which case you can enter XXX behind ICRAITR1.

Leave out spaces or dashes when you type ICRAITR1. Pasting the code is safer than typing it by hand, because one wrong letter changes the bank.

Watch out for payment fraud

Stay wary when a contact unexpectedly wants you to pay into another account. The fact that ICRAITR1 exists does not mean that the account is genuine – fraudsters use real bank codes as well.

Before paying, verify changed bank details by phone. Watch out for time pressure, unusual wording or a sender address that is slightly off. When money was sent to a fraudster, call your bank right away.

People receiving money can be targeted as well: one known trick is an overpayment and then sends a request to send back the difference. A screenshot of a transfer proves nothing; only your own account shows what has arrived.

How to check ICRAITR1 before you pay

Ask the recipient to copy their bank details straight from a recent statement. Check that code against ICRAITR1 on this page.

A wrong SWIFT code can cause delays, a returned payment or additional charges along the way. Remember the account number: an error there can be more difficult to correct than a wrong BIC.

Many banking apps validate the structure of IBANs – that confirms the format, not the owner. More and more banks check the name against the account before you confirm – do not ignore a mismatch warning. A small test payment can be worth it for large sums, even if it costs an extra fee.