Banca di Credito Cooperativo di Pachino SWIFT/BIC code

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

ICRAITR1 and ICRAITR1JT5 are the short and the long form of the same SWIFT/BIC code, and both point to Banca di Credito Cooperativo di Pachino in Calatabiano. A BIC does one job: it ensures that a cross-border transfer ends up at the right bank. In practice you usually see it on invoices from abroad, in payment forms and in the bank details of Banca di Credito Cooperativo di Pachino customers.

Below you will find the practical questions: receiving money at Banca di Credito Cooperativo di Pachino, paying someone in another country and how to verify a SWIFT code before you hit send. Keep in mind that the SWIFT code just identifies the bank, not the person: the IBAN or account number takes care of that.

Where our SWIFT data comes from

The codes here come from publicly available data that we update regularly. Institutions merge, change names and retire codes, and a directory never catches every change immediately. Counts and locations come from our own dataset and may differ from what Banca di Credito Cooperativo di Pachino publishes.

Treat the information on this page as a helpful check and rely on the recipient or Banca di Credito Cooperativo di Pachino for the final confirmation. GoldexPay is not affiliated with Banca di Credito Cooperativo di Pachino, we only compare transfer services. Found outdated information? Let us know through the contact page so we can correct it.

ICRAITR1 or ICRAITR1JT5 – which one to use?

A SWIFT code is made up of a few fixed parts: the first four letters stand for the bank, characters five and six show the country and characters seven and eight indicate the location. The result is ICRAITR1.

The long version has a three-character extension that identify a branch or department. If the last three are XXX, the code points to the head office, so ICRAITR1JT5 and ICRAITR1 are interchangeable.

Enter the code in one piece, in upper case and without separators, exactly as shown here. Watch for the letter O and the digit 0 and I versus 1, a common source of typos.

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

With 6 codes, Banca di Credito Cooperativo di Pachino is one of the banks that use individual codes for branches and departments. The head office code is ICRAITR1JT5.

For most incoming transfers, the head office code ICRAITR1JT5 is the right choice. Branch codes are only needed when the recipient’s bank explicitly asks for it, which is more common for corporate accounts and trade services.

When in doubt, ask the person you are paying for the exact BIC in their bank details. Codes for branches are more prone to change than the head office code.

Do you need ICRAITR1 for a SEPA transfer?

Inside SEPA, euro transfers to an account in Italy use common rules. The BIC field is usually optional or missing in that case.

The BIC still come into play when the currency is not euros. If a payment form asks for the BIC regardless, entering ICRAITR1 is fine.

Instant payments in euros are increasingly available across SEPA. Charges on SEPA payments are generally low, as long as no currency conversion is involved.

Sending EUR to Banca di Credito Cooperativo di Pachino

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 Pachino or by a bank in between. Every conversion costs something.

Who does the conversion has an effect on the final amount, as rates and margins differ per bank. Compare what EUR arrives with several providers.

The EUR rate fluctuates constantly. If you pay regularly, a slightly better rate add up over time.

When will the money arrive at Banca di Credito Cooperativo di Pachino?

How fast a transfer arrives at Banca di Credito Cooperativo di Pachino depends on a few things: the currency, the number of banks in between, daily processing deadlines and time zones. Payments made late in the day or just before a weekend or public holiday usually go out a business day later. Occasionally a bank asks what the payment is for.

When a payment takes longer than expected, contact your bank for the status; with that reference banks can see where the payment is. Save the payment confirmation until the recipient confirms – you will need it for any trace request.

If a payment has not arrived within the expected time, the person who paid needs to start with their own bank rather than Banca di Credito Cooperativo di Pachino. Ask the sender for the payment receipt with the date and reference; that often settles the question quickly.

Scams that use SWIFT codes

A common scam works like this: you receive a request claiming that a contact now has a new bank account and that the next payment should go there. A correct SWIFT code tells you nothing about whether the request is genuine: scammers use real codes of real banks.

Never rely on a phone number in the same message that contains the change. Be suspicious of urgent requests, unusual wording or an email address that differs by one letter. Acted too fast? Call your bank straight away and ask them to start a recall; also report it to the police.

Fraud can also target the receiver. Someone claims to have sent too much and asks you to refund the extra to a new account. A payment confirmation from the sender proves nothing; only your own account shows what has arrived.

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

For an international payment into your account at Banca di Credito Cooperativo di Pachino, the sender needs not just the SWIFT code. Share your name as the bank knows it, your account number or IBAN, the BIC ICRAITR1JT5 and your address, which some banks require.

You can add the bank name and its city as well. A typo in the IBAN is harder to fix than it looks, so copy the details from your online banking.

The amount you receive can be less than what was sent. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the money is converted, an exchange rate margin comes on top. For business payments, it is common to state who bears the costs.

How to check ICRAITR1 before you pay

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. Check that code with ICRAITR1 on this page.

An incorrect BIC can cause delays, a returned payment or additional charges. A mistake in the IBAN or account number is a bigger problem because it can reach the wrong person.

A validity check in your banking app merely tells you that the code is valid, not that it is the right account. If your bank offers it, a payee name check before sending gives extra certainty. For a first payment, many people send a small amount first and wait for confirmation.

Sending money abroad from Banca di Credito Cooperativo di Pachino

When you transfer money to another country from Banca di Credito Cooperativo di Pachino, the fee you see is only part of the cost. You pay the transfer fee, possibly fees charged by intermediary banks in between and, most importantly, the margin on the exchange rate when the money is converted.

That exchange rate margin tends to be the largest cost. A simple test: put the rate you get against the mid-market rate for the same moment and look at the difference.

For many routes, a specialist provider turns out to be cheaper than a bank – mostly thanks to the rate. GoldexPay lists transfer providers next to each other, showing what actually arrives for the same amount sent. Choosing a specialist does not mean closing your account at Banca di Credito Cooperativo di Pachino.