Banca di Credito Cooperativo di Laurenzana (Pz) Scrl SWIFT/BIC code

ICRAITR1 – the SWIFT/BIC code of Banca di Credito Cooperativo di Laurenzana (Pz) Scrl

Whether a recipient gives you ICRAITR1 or ICRAITR1GL3, it is the identical address for Banca di Credito Cooperativo di Laurenzana (Pz) Scrl in Italy. A BIC has a single purpose: it makes sure that money from abroad reaches the right bank. In daily life you usually come across the code on invoices from abroad, in your banking app and in the bank details of Banca di Credito Cooperativo di Laurenzana (Pz) Scrl customers.

Below we go through the practical questions: receiving money at Banca di Credito Cooperativo di Laurenzana (Pz) Scrl, paying someone in another country and how to verify a SWIFT code before you confirm a payment. A SWIFT code names an institution, never a single account; the IBAN or account number does that.

Paying into Banca di Credito Cooperativo di Laurenzana (Pz) Scrl in EUR

Italy uses the Euro, code EUR. When you pay money in a different currency, the amount has to be converted at some point: by your bank, an intermediary or Banca di Credito Cooperativo di Laurenzana (Pz) Scrl itself. Every conversion eats into something.

Who converts the money matters: every bank has its own margin. Compare how much EUR the recipient gets with different providers.

Exchange rates move during the day. If you pay regularly, a slightly better rate make a real difference over a year.

Getting paid from abroad into a Banca di Credito Cooperativo di Laurenzana (Pz) Scrl account

When you expect money from abroad, give the sender all details at once. In practice that means: your name as registered with Banca di Credito Cooperativo di Laurenzana (Pz) Scrl, your IBAN or account number, the SWIFT/BIC code ICRAITR1GL3 and, often, your address.

Some sending banks want the address of Banca di Credito Cooperativo di Laurenzana (Pz) Scrl, so keep it at hand. Double-check every detail before you share them.

The amount you receive is often less than what was sent. Correspondent banks can take a fee, and if the currency changes, a markup on the rate comes on top. Make clear with the sender who covers the fees.

When will the money arrive at Banca di Credito Cooperativo di Laurenzana (Pz) Scrl?

How fast a payment arrives at Banca di Credito Cooperativo di Laurenzana (Pz) Scrl depends on several factors: the currency, the number of banks in between, daily processing deadlines and time zones. Weekends and public holidays in the sending or receiving country add extra days to the journey. Extra checks by one of the banks may also add a delay, regardless of the details.

Many banks use SWIFT gpi, which lets them follow a payment from bank to bank. Every gpi transfer carries a unique transaction reference, the UETR, which your bank can use to see where the money is. Save the payment confirmation until the money has arrived.

A delayed transfer has to be investigated from the sending side, using the payment confirmation. Request from the sender a copy of the payment confirmation with the date and reference.

Euro transfers to Banca di Credito Cooperativo di Laurenzana (Pz) Scrl: is a BIC needed?

Italy belongs to the Single Euro Payments Area (SEPA). For a regular euro transfer from another SEPA country, you normally only need the IBAN and the BIC is often filled in automatically.

The BIC does come into play when the currency is not euros. A few forms also ask for the BIC; if so, fill in ICRAITR1.

Euro payments within SEPA normally land within one business day; instant payments are faster if both banks offer them. Provided no currency is converted, the transfer tends to be cheap; it is the conversion that costs money.

Which of the 4 codes of Banca di Credito Cooperativo di Laurenzana (Pz) Scrl do you need?

Banca di Credito Cooperativo di Laurenzana (Pz) Scrl uses 4 separate SWIFT/BIC codes across 4 cities. Only one is the head office code; the others identify branches or departments.

In most cases there is no need to pick a branch: transfers addressed to ICRAITR1GL3 are routed within Banca di Credito Cooperativo di Laurenzana (Pz) Scrl without problems. Only use a branch code when the recipient explicitly asks for it, for example on a letter or invoice.

When in doubt, ask the person you are paying which code their bank gave them. Codes for branches are more prone to be retired than ICRAITR1GL3 when a bank merges or closes offices.

What the XXX in ICRAITR1GL3 means

Every SWIFT/BIC code has the same eight core characters: a four-letter bank code, two letters for the country and a two-character location code. That gives you ICRAITR1 for Banca di Credito Cooperativo di Laurenzana (Pz) Scrl.

Most banks and apps work with both lengths. If yours asks for eleven characters, use ICRAITR1GL3; if it wants eight, use ICRAITR1.

As a rule the code is written in capitals and without spaces. Pasting the code beats retyping it.

A note on our data

We gather SWIFT/BIC codes from public sources and update our list regularly. Even so, banks merge or retire codes, so information can be out of date. Figures such as the number of codes come from our own dataset.

Use our data as a reference, rather than as the last word – the bank details from the recipient are leading. GoldexPay is not affiliated with Banca di Credito Cooperativo di Laurenzana (Pz) Scrl; we are a comparison site for money transfers. If you notice a mistake, we welcome a short note.

Sending money abroad from Banca di Credito Cooperativo di Laurenzana (Pz) Scrl

If you transfer money to another country via Banca di Credito Cooperativo di Laurenzana (Pz) Scrl, the visible fee is only part of the cost. There is the transfer fee, possibly charges from correspondent banks along the way and, most importantly, the margin on the exchange rate when the money is converted.

Most of the cost usually sits in the exchange rate, not in the fee: many banks convert using an exchange rate that includes a margin. An easy check: put the rate you get against the mid-market rate and work out the difference on your amount.

Specialist money transfer services frequently use rates closer to the mid-market rate. GoldexPay lists these services next to each other so you can see the amount the recipient gets before you commit. Choosing a specialist does not require closing your account at Banca di Credito Cooperativo di Laurenzana (Pz) Scrl.

Changed bank details? Be careful

One of the most common tricks works like this: an email arrives with a message claiming that a contact has new bank details and asking you to pay there from now on. A correct SWIFT code says nothing about whether the request is genuine: scammers use real codes of real banks.

Check changed bank details via a separate channel like a call to a number from an earlier contract. Be suspicious of urgent requests, odd spelling or a sender address that is slightly off. Acted too fast? Contact the bank you paid from straight away and have them try to recall the payment.

Recipients can be targeted as well: a classic trick is an overpayment and then sends a request to send back the difference abroad. A payment confirmation from the sender proves nothing.

Is ICRAITR1 still correct? How to check

The safest source for the BIC is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. If the code you have differs from ICRAITR1 or ICRAITR1GL3, do not guess: check with the recipient or with Banca di Credito Cooperativo di Laurenzana (Pz) Scrl directly.

With a wrong code, the transfer may get stuck, be returned or end up costing more, and tracing it can take weeks. Remember the IBAN: a mistake there is harder to correct than a wrong code.

Most online banking apps check the structure of IBANs and sometimes look up the BIC automatically. More and more banks check the name with the account before you confirm. For a first payment, some people start with a small test amount and wait for confirmation.