Banca di Credito Cooperativo di Gambatesa SWIFT/BIC code

What ICRAITR1 means for a payment to Banca di Credito Cooperativo di Gambatesa

The 8-character code ICRAITR1 and the 11-character code ICRAITR1FW3 identify one and the same institution: Banca di Credito Cooperativo di Gambatesa in Colletorto, Italy. A SWIFT code shows every bank in the chain which institution should receive the money, much like a postcode for banks. In daily life you usually see it on international invoices, in your banking app and on the account details of Banca di Credito Cooperativo di Gambatesa customers.

On this page you can read how the code is put together, when it matters and which other details a transfer to or from Banca di Credito Cooperativo di Gambatesa requires. Remember that the BIC only identifies the bank, not the account: the IBAN or account number takes care of that.

Before you send: check the Banca di Credito Cooperativo di Gambatesa code

Have the recipient copy their account details straight from a recent statement. Compare it with ICRAITR1 here; if they differ, ask before you pay.

With a wrong code, the transfer may get stuck, bounce back or cost extra, and tracing it can take weeks. Do not forget the account number: a mistake there is harder to undo than a wrong code.

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. If your bank offers it, a name check before sending adds extra certainty. Sending a small amount first can be a sensible step for large sums, even if it costs an extra fee.

About this information

Our SWIFT/BIC directory draws on publicly available sources. It is possible that information here is no longer current. Figures such as the number of codes come from our own dataset and are not confirmed by Banca di Credito Cooperativo di Gambatesa.

See the information here as a helpful check and rely on the recipient or Banca di Credito Cooperativo di Gambatesa for the final confirmation. We are a comparison service and not affiliated with Banca di Credito Cooperativo di Gambatesa. If you notice a mistake, we welcome a message via the contact page.

What the XXX in ICRAITR1FW3 means

Each SWIFT/BIC code starts with an 8-character core: four letters for the bank, a two-letter country code and a two-character location code. Together, these eight characters make up ICRAITR1.

The 11-character version adds three more characters that identify a branch or department. If the last three are XXX, the code points to the head office, so ICRAITR1FW3 and ICRAITR1 are interchangeable.

Leave out spaces when you type ICRAITR1; the code is always written in one block. Watch for the letter O and the digit 0 and the letter I and the digit 1.

Watch out for payment fraud

A common scam goes like this: an email arrives with a message claiming that a supplier now has a new bank account and that the next payment should go there. A real SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Always verify changed bank details through a phone call on a number you know, not one from the message. Watch out for urgent requests, odd spelling or a sender address that is slightly off. When a payment was sent to the wrong account, call your bank right away: the sooner they act, the better the chance of a recall.

Scams can also target the receiver: someone claims to have sent too much and wants you to return the extra. Wait until the money has really arrived.

What to give a sender who pays you at Banca di Credito Cooperativo di Gambatesa

To receive a transfer from abroad at Banca di Credito Cooperativo di Gambatesa, the person paying you has to have more than the BIC. Share your name as the bank knows it, your account number or IBAN, SWIFT code ICRAITR1FW3 and your address.

Some sending banks also ask for the bank’s address in Colletorto. A typo in the IBAN is harder to fix than it looks.

Expect that the incoming amount is below what the sender paid. Charges on incoming payments differ from bank to bank; check the price list of Banca di Credito Cooperativo di Gambatesa. On invoices, it is common to state who bears the costs, so that nobody is left short.

Do you need ICRAITR1 for a SEPA transfer?

Because Italy is part of SEPA, a euro payment into Banca di Credito Cooperativo di Gambatesa from another SEPA country normally only needs an IBAN. Many banks do not require the BIC for these payments or fill it in for you.

Outside the euro and from non-SEPA countries, ICRAITR1FW3 or ICRAITR1 is still part of the payment details. Some banks and apps still ask for the BIC; in that case, fill in ICRAITR1 or ICRAITR1FW3.

Euro payments within SEPA normally land within one business day. As long as the payment stays in euros, a SEPA transfer is inexpensive; costs rise once a conversion is involved.

Which of the 7 codes of Banca di Credito Cooperativo di Gambatesa do you need?

Banca di Credito Cooperativo di Gambatesa uses 7 separate SWIFT/BIC codes. One of them is the head office code, ICRAITR1FW3; the others belong to branches, and sometimes specific services.

For the vast majority of incoming transfers, the head office code ICRAITR1FW3 is the right choice. Just use a branch code when your contact gives you that exact code, for example on a letter or invoice.

Not sure which code applies? Ask the recipient. Branch codes are more prone to change than ICRAITR1FW3.

Paying someone abroad from your Banca di Credito Cooperativo di Gambatesa account

A bank transfer abroad costs more than the fee suggests. There is the transfer fee, possibly fees charged by intermediary banks in between and, above all, the exchange rate markup when the money is converted.

Banks do not show the margin on the rate separately. Compare the rate you are offered against the mid-market rate. The difference is your real conversion cost.

Money transfer services frequently offer a rate near the mid-market rate with clearer fees. On GoldexPay you can compare what recipients receive across providers, so you can pick the cheapest route. Using a transfer service does not require closing your account at Banca di Credito Cooperativo di Gambatesa – you pay the provider from your own account.

Transfer times and tracking a payment to Banca di Credito Cooperativo di Gambatesa

There is no fixed answer: many arrive the same day or the next while others need several business days. Bank holidays in either country add a day or more. Compliance checks by one of the banks can also cause some delay.

Many banks are connected to SWIFT gpi. Every payment carries a unique reference, the UETR, which your bank can use to see where the money is. Save your transfer receipt.

A missing payment is traced from the sending side, using the payment confirmation. Ask the sender for the payment receipt including the reference.

The Euro and what conversion costs you

The currency in Italy is the Euro (EUR). A payment in a foreign 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 line for that conversion; it is built into the rate.

Who does the conversion has an effect on the final amount, as rates and margins differ per bank. Transferring the amount already in EUR often prevents an extra conversion by Banca di Credito Cooperativo di Gambatesa – as long as your own rate is good.

The rate for EUR fluctuates constantly. For regular payments, small differences in the rate make a real difference over time.