Banca di Credito Cooperativo Picena Soc. Coop. SWIFT/BIC code

ICRAITR1 – the SWIFT/BIC code of Banca di Credito Cooperativo Picena Soc. Coop.

Whether a recipient gives you ICRAITR1 or ICRAITR1D66, it is the same identifier for Banca di Credito Cooperativo Picena Soc. Coop. in Italy. Banks worldwide use BIC codes to route payments between countries to the correct institution. In daily life you mostly come across the code on international invoices, in your banking app and in the bank details of Banca di Credito Cooperativo Picena Soc. Coop. customers.

Further down you will find the practical side: money coming in from abroad, sending money abroad and how to check a SWIFT code before you confirm a payment. The BIC identifies a bank or branch, never a single account; the IBAN or account number does that.

About this information

The directory on GoldexPay is compiled from public sources and is updated regularly. Even so, banks merge or retire codes and our data may lag behind. Figures such as the number of codes are from our own dataset and are not confirmed by Banca di Credito Cooperativo Picena Soc. Coop..

Use our data as a starting point, rather than as the final word – the bank details from the recipient are leading. We are an independent comparison site and not affiliated with Banca di Credito Cooperativo Picena Soc. Coop.. Found an error? Tell us through the contact page.

Choosing between the 18 SWIFT codes of Banca di Credito Cooperativo Picena Soc. Coop.

Banca di Credito Cooperativo Picena Soc. Coop. uses 18 separate SWIFT/BIC codes. Only one is the head office code; the others belong to branches or departments, and sometimes internal departments.

Unless the recipient tells you otherwise, use ICRAITR1D66 or its short form ICRAITR1. A branch code only makes sense when the recipient’s bank specifically mentions it, which is more common for corporate accounts and trade services.

The safest approach is to copy the code directly from the account holder’s invoice. Codes for branches are more likely to change than the head office code.

Before you send: check the Banca di Credito Cooperativo Picena Soc. Coop. code

The most reliable source for a SWIFT code is the recipient’s own bank details. When the code you were given does not match ICRAITR1 or ICRAITR1D66, do not guess.

With a wrong code, the payment might get stuck, be returned or end up costing more – sometimes after weeks of searching. An error in the account number is more serious because it can reach the wrong person, so check that just as carefully.

An automatic check by your bank merely tells you that the code exists, not that it is the right account. Where available, a name check on the recipient gives extra certainty. When you pay someone new, some people send a small test amount before sending the rest.

Paying Banca di Credito Cooperativo Picena Soc. Coop. in euros within SEPA

Inside SEPA, euro payments to Banca di Credito Cooperativo Picena Soc. Coop. use the same rules, so the IBAN does the job in most cases. The BIC field is often optional in that case.

The BIC still matter when the currency is not euros. A few banks and apps also ask for the BIC out of habit; if so, enter ICRAITR1.

SEPA transfers usually arrive by the next business day. Charges on SEPA payments are generally low as long as everything stays in euros.

The Euro and what conversion costs you

The currency in Italy is the Euro (EUR). Money sent in a different currency is exchanged into EUR on its way to Banca di Credito Cooperativo Picena Soc. Coop.. Each conversion eats into the amount – usually through the rate rather than a fee.

Who does the conversion has an effect on the final amount, since every bank sets its own rate. Check what EUR the recipient gets via several services.

Exchange rates change all the time. If you pay regularly, small differences in the rate make a real difference over a year.

Receiving money from abroad at Banca di Credito Cooperativo Picena Soc. Coop.

If you expect money from abroad, send the payer everything they need in one go. In practice that means: your full name as registered with Banca di Credito Cooperativo Picena Soc. Coop., your IBAN or account number, the BIC ICRAITR1D66 (or ICRAITR1) and sometimes your address.

You can add Banca di Credito Cooperativo Picena Soc. Coop. and Altidona as well, because some payment forms have separate fields for them. Check every detail before you send them.

What lands in your account is often lower than what was sent. Fees for incoming transfers differ per bank – the price list of Banca di Credito Cooperativo Picena Soc. Coop. tells you what applies. On invoices, it is common to agree who bears the costs, so that nobody is left short.

When will the money arrive at Banca di Credito Cooperativo Picena Soc. Coop.?

An international transfer typically needs anywhere from one to several business days. Bank holidays in either country add a day or more to the journey. Sometimes a bank asks what the payment is for.

When a payment takes longer than expected, ask your bank for the tracking status and the transaction reference. Money transfer services often provide tracking online showing how far the payment is.

If a payment has not arrived after a few business days, the person who paid needs to contact their own bank. Ask the sender for the payment receipt including the reference; that often settles the question quickly.

Paying someone abroad from your Banca di Credito Cooperativo Picena Soc. Coop. account

The price of a payment abroad has more than one component. On top of the transfer fee, banks in between may deduct a fee, and if the money changes currency the bank usually applies a rate that is less favourable than the real market rate.

The markup on the rate tends to be the biggest item even though it is not listed as a fee. A simple test: set the bank’s rate against the mid-market rate and look at the difference.

Money transfer services often use a rate near the mid-market rate with clearer fees. GoldexPay compares transfer providers next to each other, showing what actually arrives before you commit. Using a transfer service does not mean leaving Banca di Credito Cooperativo Picena Soc. Coop.: you simply pay the service from your account.

Changed bank details? Be careful

One of the most common tricks goes like this: you receive a request claiming that a company has a new bank account and asking you to pay there from now on. A correct SWIFT code says nothing about whether the request is genuine – scammers simply use real codes.

Before paying, verify a change of bank details by phone on a number you know, not one from the message. Urgency or secrecy are warning signs. When money has already gone to a fraudster, call your bank right away – speed improves the chance of getting it back.

People receiving money can be targeted as well: a classic trick is a buyer who pays too much and then sends a request to refund the difference. A payment confirmation from the sender is no proof; only your own account shows what has arrived.

What the XXX in ICRAITR1D66 means

A BIC is built from a few fixed parts: the first four letters stand for the bank, the next two show the country and characters seven and eight indicate the location. The result is ICRAITR1.

Most banks and apps work with either length. If a form requires eleven characters, use ICRAITR1D66.

Type the code in one piece, in upper case and without spaces. A wrong character may route a payment to another bank, so copy it carefully.