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

What ICRAITR1 means for a payment to Banca di Credito Cooperativo di Fano Societa' Cooperativa

ICRAITR1 and ICRAITR1EF8 are two ways of writing the same bank identifier, and both point to Banca di Credito Cooperativo di Fano Societa' Cooperativa in Fano. A SWIFT code tells the banks handling a payment which institution is meant to get the money, a bit like a postal address for banks. It comes up mainly when dealing with transfers between countries.

Further down you will find the practical side: receiving money at Banca di Credito Cooperativo di Fano Societa' Cooperativa, sending money abroad and how to check a SWIFT code before you confirm a payment. The SWIFT code on its own cannot identify an individual account holder; that is what the account number or IBAN .

Paying Banca di Credito Cooperativo di Fano Societa' Cooperativa in euros within SEPA

Inside SEPA, euro transfers to Banca di Credito Cooperativo di Fano Societa' Cooperativa follow the same rules. The BIC field is usually optional or missing for those payments.

You will still need ICRAITR1EF8 when sending payments in other currencies or money from outside the SEPA area. If a payment form has a field for the BIC regardless, entering ICRAITR1 does no harm.

SEPA transfers usually arrive within one business day. As long as no currency is converted, a SEPA transfer is cheap.

Sending money abroad from Banca di Credito Cooperativo di Fano Societa' Cooperativa

A bank transfer abroad can cost more than the listed fee. Besides a fixed fee, correspondent or intermediary banks may take a cut, and when the money changes currency, the bank often uses a rate that is less favourable than the real market rate.

The markup on the rate is often the biggest item because it is hidden in the rate. Compare their rate against the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

For a lot of routes, a specialist provider turns out to be cheaper than a bank. Before your next transfer, it is worth comparing what arrives on GoldexPay instead of going straight to your bank. You can still use your account at Banca di Credito Cooperativo di Fano Societa' Cooperativa; only the conversion and sending happen elsewhere.

About this information

The details on this page come from publicly available data which we refresh regularly. Even so, banks merge or retire codes, so information can be out of date. Counts and locations are from our own dataset and are not confirmed by Banca di Credito Cooperativo di Fano Societa' Cooperativa.

For a payment of any size, always confirm the code with Banca di Credito Cooperativo di Fano Societa' Cooperativa or with the recipient. GoldexPay is independent of Banca di Credito Cooperativo di Fano Societa' Cooperativa. Found an error? Let us know through the contact page.

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

An international transfer usually needs one to a few business days – it depends on currency, route and the banks in between. Weekends and public holidays in either country add extra days to the journey. Occasionally a bank asks what the payment is for before releasing it.

When a payment takes longer than expected, ask your bank about the tracking status so they can trace it along the chain. Keep the payment confirmation until the recipient confirms; it contains the details a bank needs to start a trace.

The bank that sent the money can request a trace – the recipient’s bank often cannot see a payment that has not arrived. On the receiving end, you can check your statements to see a partial amount.

Changed bank details? Be careful

A common scam goes like this: you receive a request saying that a contact now has new bank details. The fact that ICRAITR1 exists is no guarantee that the account is genuine – fraudsters use real bank codes as well.

Check new payment details via a separate channel, not by replying to the message. Pressure and secrecy tend to be warning signs; a genuine business can wait for you to check. If a payment has already gone to the wrong account, contact your bank immediately.

Scams also target the receiver: someone claims to have sent too much and wants you to refund the extra via a different route. Wait until the money is actually in your account – ask Banca di Credito Cooperativo di Fano Societa' Cooperativa if something looks wrong.

Getting paid from abroad into a Banca di Credito Cooperativo di Fano Societa' Cooperativa account

If you are waiting for money from abroad, give the sender everything they need in one go. Share your name as the bank knows it, your account number or IBAN, the BIC ICRAITR1EF8 and your address, which some banks require.

You can add the bank name and its city as well, because some payment forms have separate fields for them. Double-check every detail before you share them.

An incoming payment will not always arrive for the full amount. Fees for incoming transfers vary from bank to bank – the price list of Banca di Credito Cooperativo di Fano Societa' Cooperativa tells you what applies. Make clear with the sender who pays which costs, especially for larger amounts.

The Euro and what conversion costs you

Italy pays in the Euro. A payment in a foreign currency will be exchanged into EUR, and whoever converts it chooses the rate. There is rarely a separate line for the conversion; it is built into the rate.

Who converts the money matters. In many cases it is cheaper if you send EUR directly through a provider that converts near the mid-market rate, so that the receiving bank does not need to convert again.

The EUR rate changes constantly and quotes are often valid only for a short time. With bigger transfers, a seemingly small difference in the rate can be worth more than the fee.

Verifying the SWIFT code of Banca di Credito Cooperativo di Fano Societa' Cooperativa

The best place to find the right code remains paperwork issued by the bank like a bank statement or the account page in online banking. When the code you were given does not match ICRAITR1 or ICRAITR1EF8, stop and ask: check with the recipient or with Banca di Credito Cooperativo di Fano Societa' Cooperativa directly.

An incorrect BIC may lead to delays, a payment being sent back or extra fees for investigation. A mistake in the IBAN or account number can be a bigger problem, because the money may be credited to someone else; check it just as carefully.

Most online banking apps check the structure of IBANs and some suggest the matching BIC. More and more banks compare the name with the account before you confirm; take any warning seriously. A small test payment can be a sensible step for large sums despite the extra fee.

Banca di Credito Cooperativo di Fano Societa' Cooperativa: head office code versus branch codes

Our directory lists 5 SWIFT/BIC codes for Banca di Credito Cooperativo di Fano Societa' Cooperativa. Besides the head office code ICRAITR1EF8, there are codes for regional offices and specialised units.

In most cases you do not need to pick a branch: transfers addressed to ICRAITR1EF8 reach Banca di Credito Cooperativo di Fano Societa' Cooperativa without problems. If you have been given a branch code, stick to it rather than swapping it for the head office code.

If you are not sure, check with the recipient which code their bank gave them. Branch codes are more prone to be retired than ICRAITR1EF8 when a bank merges or closes offices.

ICRAITR1 or ICRAITR1EF8 – which one to use?

A SWIFT code is built from a few fixed parts: the first four letters identify the bank, the next two give the country and characters seven and eight indicate the location. In this case, that core is ICRAITR1.

XXX at the end of ICRAITR1EF8 is not a placeholder or an error: it stands for the main office of Banca di Credito Cooperativo di Fano Societa' Cooperativa. Some banking apps ask for 11 characters, in which case you simply add XXX after ICRAITR1.

As a rule the code is typed in capitals. Watch for O versus 0 and the letter I and the digit 1; they are easy to mix up.