Banca di Credito Cooperativo di Gradara SWIFT/BIC code

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

If an invoice shows ICRAITR1 or ICRAITR1G2M, it is the same address for Banca di Credito Cooperativo di Gradara in Italy. Every bank on the SWIFT network uses these codes to route international transfers to the correct institution. In practice you mostly see the code on international invoices, in your banking app and on the account details that Banca di Credito Cooperativo di Gradara provides.

On this page you can read how the code is put together, when you need it and which other details you need for a transfer to or from Banca di Credito Cooperativo di Gradara. A SWIFT code names a bank or branch, not a specific account.

Receiving money from abroad at Banca di Credito Cooperativo di Gradara

When you are waiting for money from abroad, send the payer a complete set of details. Give them the account holder’s name, your account number or IBAN, SWIFT code ICRAITR1G2M and your address, which some banks require.

Some sending banks want the name and address of Banca di Credito Cooperativo di Gradara, so keep it at hand. A mistake in the IBAN is more trouble than you might think; copy them from your banking app rather than typing.

An incoming payment will not always arrive in full. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the money is converted, a markup on the rate applies. For business payments, it is common to state how the fees are split.

International transfers from Banca di Credito Cooperativo di Gradara: the real cost

If you send money abroad via Banca di Credito Cooperativo di Gradara, the visible fee is only part of what you pay. Besides the transfer fee, banks in between may deduct a fee, and if currencies are converted, the bank often uses a rate that is less favourable than the real market rate.

The markup on the rate tends to be the largest cost even though it is not listed as a fee. Check their rate with the mid-market rate; the gap is what conversion costs you.

For a lot of routes, a specialist provider turns out to be cheaper than a traditional bank transfer. GoldexPay compares what recipients receive across providers, so you can pick the cheapest route. Using a transfer service does not mean closing your account at Banca di Credito Cooperativo di Gradara.

What the XXX in ICRAITR1G2M means

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, sometimes followed by a branch code. In this case, the 8-character core is ICRAITR1.

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 ICRAITR1G2M and ICRAITR1 lead to the same place.

Enter the code in one piece, in upper case and without spaces, exactly as shown here. Copying the code is safer than typing it by hand: a typo can point to another bank.

Tracking a transfer to or from Banca di Credito Cooperativo di Gradara

There is no fixed answer: many land within a day. Transfers sent after the cut-off time or just before a weekend or public holiday often go out a business day later. Sometimes a bank asks about the purpose of a payment.

If the money is late, ask your bank about the status or the UETR; with that reference banks can see where the payment is. Save your transfer receipt.

A delayed transfer has to be traced by the sending bank, using the payment confirmation. On the receiving end, it helps to check your statements for a partial amount because fees can reduce the amount.

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

The safest source for the BIC is the bank details provided by the recipient: an invoice, a bank statement or their online banking. If the code you have differs from ICRAITR1 or ICRAITR1G2M, stop and ask.

Errors in the BIC are costly more than fatal: often the payment comes back, minus fees. An error in the account number can be a bigger problem.

Most online banking apps check the format of an IBAN and sometimes look up the BIC automatically, but that does not prove the account belongs to the right person. Some banks now check the name against the account – do not ignore a mismatch warning. Sending a small amount first is a sensible step for large sums despite the extra fee.

Banca di Credito Cooperativo di Gradara: head office code versus branch codes

Banca di Credito Cooperativo di Gradara uses 4 different SWIFT/BIC codes across 4 cities. One of them is the head office code, ICRAITR1G2M; the others belong to branches or departments.

In most cases you do not need to look up a branch: payments addressed to ICRAITR1G2M are routed within Banca di Credito Cooperativo di Gradara without problems. When you receive a branch code, stick to it rather than swapping it with the head office code.

If you are not sure, ask the person you are paying which code their bank gave them. Branch codes are sometimes changed or retired when banks reorganise.

Watch out for payment fraud

Scammers often send fake invoices containing changed bank details. The fact that ICRAITR1 exists is no guarantee that a request mentioning it is legitimate.

Never trust contact details in the same message that contains the change. Be suspicious of urgent requests, unusual wording or a sender address that is slightly off. Already paid? Call the bank you paid from without delay and have them try to recall the payment; also report it to the police.

Scams also target the receiver. Someone claims to have sent too much and asks you to return the difference to a new account. Do not act before the money is actually in your account – ask Banca di Credito Cooperativo di Gradara if something looks wrong.

SEPA payments and the Banca di Credito Cooperativo di Gradara BIC

Within the SEPA zone, euro payments to Banca di Credito Cooperativo di Gradara use the same rules. The BIC field is usually optional or missing in that case.

For anything other than euros and from non-SEPA countries, ICRAITR1G2M or ICRAITR1 is still required. Some forms still show a field for the BIC out of habit; if so, enter ICRAITR1.

Instant payments in euros are widely available within SEPA; check with Banca di Credito Cooperativo di Gradara whether it applies to your account. As long as the payment stays in euros, a SEPA transfer tends to be cheap; it is the conversion that costs money.

The Euro and what conversion costs you

The currency in Italy is the Euro (EUR). Money sent in a different currency is converted into EUR, and whoever converts it chooses the rate. Every conversion eats into something, even when no fee is shown.

Where the conversion happens affects the final amount, since every bank sets its own rate. Compare what EUR the recipient gets via different providers.

Exchange rates change during the day. On larger amounts, even small difference in the rate can be worth more than the fee.

Where our SWIFT data comes from

We collect SWIFT/BIC codes from public sources and update our list from time to time. Institutions merge, change names and retire codes, and a directory never catches every change immediately. Counts and locations come from our directory and are not confirmed by Banca di Credito Cooperativo di Gradara.

Treat our data as a reference, rather than as the final word – the bank details from the recipient are leading. GoldexPay is not affiliated with Banca di Credito Cooperativo di Gradara; we are a comparison site for money transfers. Found outdated information? Let us know through the contact page.