Banca di Credito Cooperativo di Terra D'otranto S.c.r.l. SWIFT/BIC code

SWIFT/BIC code of Banca di Credito Cooperativo di Terra D'otranto S.c.r.l.

If an invoice shows ICRAITR1 or ICRAITR1CD1, it is the same identifier for Banca di Credito Cooperativo di Terra D'otranto S.c.r.l. in Italy. Banks worldwide use these codes to route international transfers to the correct institution. In daily life you usually come across it on invoices from abroad, in payment forms and on the account details of Banca di Credito Cooperativo di Terra D'otranto S.c.r.l. customers.

On this page we explain what the code is put together, when it matters and what else a transfer to or from Banca di Credito Cooperativo di Terra D'otranto S.c.r.l. requires. The SWIFT code alone does not identify a personal account; for that you need the IBAN or account number is for.

Paying Banca di Credito Cooperativo di Terra D'otranto S.c.r.l. in euros within SEPA

Since Italy is in SEPA, a euro transfer into Banca di Credito Cooperativo di Terra D'otranto S.c.r.l. from another SEPA country usually requires just an IBAN. Most banking apps no longer ask for the BIC in that case or fill it in for you.

You will still need ICRAITR1CD1 when sending non-euro payments or money from outside the SEPA area. Some forms also ask for the BIC; if so, fill in ICRAITR1 or ICRAITR1CD1.

Euro payments within SEPA normally land by the next business day. Charges on SEPA transfers are generally low as long as everything stays in euros.

When will the money arrive at Banca di Credito Cooperativo di Terra D'otranto S.c.r.l.?

An international transfer typically needs anywhere from one to several business days. Bank holidays in either country add extra days. Extra checks by one of the banks can also add some delay.

A growing number of banks use SWIFT gpi, which lets them follow a payment from bank to bank. Each payment gets a unique transaction reference, the UETR, which your bank can use to see where the money is. Specialist transfer services often show tracking in their app showing where the money is.

If the money does not arrive within the expected time, the person who paid should contact their own bank rather than Banca di Credito Cooperativo di Terra D'otranto S.c.r.l.. Request from the sender a copy of the payment confirmation including the reference – it helps your own bank look for the money.

Paying someone abroad from your Banca di Credito Cooperativo di Terra D'otranto S.c.r.l. account

If you send money to another country via Banca di Credito Cooperativo di Terra D'otranto S.c.r.l., the visible fee is only part of what you pay. On top of a fixed fee, banks in between can take a cut, and when the money changes currency, the bank often uses a rate below the real market rate.

The real cost is often in the rate, not in the fee: many banks convert at a rate with a margin built in. Compare their rate against the mid-market rate, the midpoint between buy and sell rates you see on financial sites.

Money transfer services often offer rates closer to the mid-market rate. On GoldexPay you can compare the amount that arrives with different services. You can still use your account at Banca di Credito Cooperativo di Terra D'otranto S.c.r.l., while a cheaper service handles the conversion.

Sending EUR to Banca di Credito Cooperativo di Terra D'otranto S.c.r.l.

Accounts at Banca di Credito Cooperativo di Terra D'otranto S.c.r.l. are usually held in EUR, the local currency of Italy. When you pay another currency, the amount gets converted at some point. There is rarely a separate charge for that conversion – the cost sits in the rate.

Which bank converts the payment matters, because each party uses its own rate. Often you pay less to send EUR directly via a transfer service that converts near the mid-market rate rather than letting the receiving bank convert.

Rates for EUR change all the time, and some providers let you lock in a rate. If you pay regularly, a slightly better rate add up over time.

Watch out for payment fraud

Stay alert when someone suddenly wants you to send money to a different account or a bank in another country. A valid SWIFT code says nothing about who owns the account.

Before paying, verify a change of bank details through a phone call, using a number you already had. Watch out for urgent requests, unusual wording or a sender address that is slightly off. Acted too fast? Call your bank without delay and have them try to recall the payment; also report it to the police.

Recipients are targeted too: one known trick is an overpayment and then sends a request to send back the difference to another account. Wait until the money is actually in your account – ask Banca di Credito Cooperativo di Terra D'otranto S.c.r.l. if something looks wrong.

Choosing between the 5 SWIFT codes of Banca di Credito Cooperativo di Terra D'otranto S.c.r.l.

Our directory lists 5 SWIFT/BIC codes for Banca di Credito Cooperativo di Terra D'otranto S.c.r.l.. Besides the head office code ICRAITR1CD1, there are codes for branches, departments or specific services.

In most cases you do not need to pick a branch: transfers sent to ICRAITR1CD1 are routed within Banca di Credito Cooperativo di Terra D'otranto S.c.r.l. without problems. A branch code only makes sense if the account holder explicitly asks for it.

When in doubt, ask the person you are paying which code their bank gave them. Branch codes can change over time, so a code from an old document is not always valid.

A note on our data

The codes on this page are taken from publicly available data that we update regularly. Still, banks merge, rename themselves or retire codes, so information can be out of date. The number of codes we show reflect our own data.

Treat the information here as a helpful check. GoldexPay is a comparison service for money transfers and not part of Banca di Credito Cooperativo di Terra D'otranto S.c.r.l.. If you notice a mistake, we welcome a message via the contact page.

Why Banca di Credito Cooperativo di Terra D'otranto S.c.r.l. has an 8- and an 11-character code

A SWIFT code is built from fixed blocks: the first four letters identify the bank, the next two give the country and the two after that mark the location. For Banca di Credito Cooperativo di Terra D'otranto S.c.r.l., the 8-character core is ICRAITR1.

Most banks and apps accept both lengths. If a form requires eleven characters, enter ICRAITR1CD1.

As a rule the code is typed in capitals and without spaces. A wrong character may route the money to a different institution, so copy it carefully.

Incoming international payments to Banca di Credito Cooperativo di Terra D'otranto S.c.r.l.

For an international payment at Banca di Credito Cooperativo di Terra D'otranto S.c.r.l., the person paying you has to have more than the SWIFT code. Share your name as the bank knows it, the IBAN or account number, the BIC ICRAITR1CD1 and your address.

It helps to add the bank name and its city as well. A typo in the IBAN is harder to fix than you might think, so copy the details from your online banking.

Money from abroad does not always arrive in full. Correspondent banks can take a fee and your own bank may charge for processing, and when currencies differ, a markup on the rate comes on top. Make clear with the sender who pays which costs.

Is ICRAITR1 still correct? How to check

The best place to find the right code remains paperwork issued by the bank, such as a statement or the account details in online banking. Compare that code against ICRAITR1 here and ask if anything does not match.

If the code is wrong, the transfer may get stuck, be returned or cost extra. An error in the account number is more serious, because the money may be credited to someone else.

Most online banking apps validate the format of IBANs, but that does not prove the account belongs to the right person. Where available, a name check on the recipient adds extra certainty. When you pay someone new, many people start with a small test amount before sending the rest.