Banca di Credito Cooperativo di Vergato S.c.r.l. SWIFT/BIC code

ICRAITR1 – the SWIFT/BIC code of Banca di Credito Cooperativo di Vergato S.c.r.l.

Whether a recipient gives you ICRAITR1 or ICRAITR1BQ1, you are looking at the same identifier for Banca di Credito Cooperativo di Vergato S.c.r.l. in Italy. The code has a single purpose: it makes sure that an international payment reaches the right bank. It comes up mainly when dealing with payments that cross a border or a currency.

Below we go through the practical side: receiving money at Banca di Credito Cooperativo di Vergato S.c.r.l., sending money abroad and how to check 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.

Protect yourself against fake payment requests

Scammers regularly use payment requests with new bank details sent from what looks like a familiar address. The fact that ICRAITR1 exists is no guarantee that a request mentioning it is legitimate – fraudsters use real bank codes as well.

Verify changed bank details via a separate channel. Pressure or requests to keep it quiet are warning signs. Already paid? Contact the bank you paid from without delay and ask them to start a recall.

Recipients can be targeted as well: one known trick is an overpayment followed by a request to refund the difference to another account. A payment confirmation from the sender proves nothing; only your own account shows what has arrived.

How long does an international transfer to Banca di Credito Cooperativo di Vergato S.c.r.l. take?

How fast a payment reaches Banca di Credito Cooperativo di Vergato S.c.r.l. is determined by several factors: the currency, the number of banks in between, cut-off times and differences in time zone. Bank holidays in either country can add extra days to the journey. Occasionally a bank wants to know what the payment is for before releasing it.

Many banks use SWIFT gpi, which lets them follow a payment from bank to bank. Each gpi transfer carries a unique reference, the UETR that banks can use to trace it. Save the payment confirmation until the money has arrived.

A delayed transfer is traced from the sending side, using the payment confirmation. As a recipient, it helps to check your account to see a partial amount, since fees may have been deducted.

Paying Banca di Credito Cooperativo di Vergato S.c.r.l. in euros within SEPA

Within the SEPA zone, euro transfers to an account in Italy use the same rules. The BIC field is often optional in that case.

For anything other than euros and from non-SEPA countries, ICRAITR1BQ1 remains required. A few forms still ask for the BIC; in that case, enter ICRAITR1.

Instant payments in euros have become widely supported across SEPA – whether Banca di Credito Cooperativo di Vergato S.c.r.l. offers them for your account is worth checking. Provided the payment stays in euros, the transfer is inexpensive; it is the conversion that costs money.

What the XXX in ICRAITR1BQ1 means

The structure of every SWIFT code is always the same: a bank code of four letters, two for the country and two for the location. For Banca di Credito Cooperativo di Vergato S.c.r.l., that core is ICRAITR1.

XXX at the end of ICRAITR1BQ1 does not stand for a missing value or a mistake: it indicates the main office of Banca di Credito Cooperativo di Vergato S.c.r.l.. Some banking apps insist on 11 characters, in which case you simply enter XXX behind ICRAITR1.

Do not add spaces or dashes when you type ICRAITR1; the code is always written in one block. Look out for the letter O and the digit 0 or the letter I and the digit 1.

Is ICRAITR1 still correct? How to check

The most reliable place for the correct BIC remains paperwork issued by the bank, such as a statement or the account details in online banking. When the code you were given differs from ICRAITR1 or ICRAITR1BQ1, stop and ask: check with the recipient or with Banca di Credito Cooperativo di Vergato S.c.r.l. directly.

A wrong SWIFT code may lead to a delay, a returned payment or additional charges along the way. An error in the IBAN or account number can be a bigger problem, because the money may be credited to someone else.

Most online banking apps check the format of an IBAN – that confirms the format, not the owner. Where available, a name check on the recipient gives extra certainty. A small test payment is a sensible step for a large first payment, even if it costs an extra fee.

Choosing between the 3 SWIFT codes of Banca di Credito Cooperativo di Vergato S.c.r.l.

We have 3 SWIFT/BIC codes for Banca di Credito Cooperativo di Vergato S.c.r.l. in 3 places. Besides the head office code ICRAITR1BQ1, you will find codes for individual branches and departments.

Unless the recipient tells you otherwise, go with ICRAITR1BQ1 or its short form ICRAITR1. Just use a branch code when the account holder explicitly asks for it, for example on a letter or invoice.

If you are not sure, check with the recipient which code their bank gave them. Codes for branches are more prone to change than ICRAITR1BQ1.

Sending money abroad from Banca di Credito Cooperativo di Vergato S.c.r.l.

What you pay for an international transfer is made up of several parts, and the transfer fee is only the most visible one. You pay the fee for the transfer itself, possibly charges from correspondent banks along the way and, above all, the margin on the exchange rate if the currency changes.

The markup on the rate is often the largest cost even though it is not listed as a fee. Check the rate you are offered against the mid-market rate, the midpoint between buy and sell rates you see on financial sites.

For a lot of currency pairs, a specialist provider turns out to be less expensive than a bank. GoldexPay lists transfer providers side by side so you can see what actually arrives. You can still keep your account at Banca di Credito Cooperativo di Vergato S.c.r.l. to fund the transfer, while a cheaper service handles the conversion.

Sending EUR to Banca di Credito Cooperativo di Vergato S.c.r.l.

Italy pays in the Euro, with the currency code EUR. If you send another currency has to be converted somewhere along the way. There is rarely a separate charge for that conversion – the cost sits in the rate.

Who converts the money makes a difference: every bank has its own margin. Compare how much EUR arrives with different services before choosing one.

Exchange rates move all the time. If you pay regularly, small differences in the rate add up over a year.

About this information

We gather bank codes using public sources and update our list from time to time. Institutions reorganise, close branches and change codes. The figures we show reflect our own data and not on information from Banca di Credito Cooperativo di Vergato S.c.r.l. itself.

Treat this page as a reference, not as the last word – the bank details from the recipient are leading. GoldexPay is a comparison site and not part of Banca di Credito Cooperativo di Vergato S.c.r.l.. Spotted outdated information? Tell us through the contact page.

Incoming international payments to Banca di Credito Cooperativo di Vergato S.c.r.l.

Someone abroad who wants to pay you will ask for a few details about your account. In practice that means: your name exactly as it appears on the account, your IBAN or account number, the SWIFT/BIC code ICRAITR1BQ1 and, often, your postal address.

Certain banks want the address of Banca di Credito Cooperativo di Vergato S.c.r.l. in Castel D'aiano; it does no harm to include it. Double-check the details before you send them.

Money from abroad does not always arrive for the full amount. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the currency changes, an exchange rate margin applies. Make clear with the sender who pays which costs before the money is sent.