Banca di Credito Cooperativo 'sen.pietro Grammatico' Soc.coop.a R.l. SWIFT/BIC code

Banca di Credito Cooperativo 'sen.pietro Grammatico' Soc.coop.a R.l. SWIFT code: ICRAITR1

Whether a recipient gives you ICRAITR1 or ICRAITR1JS4, it is the same identifier for Banca di Credito Cooperativo 'sen.pietro Grammatico' Soc.coop.a R.l. in Italy. Every bank on the SWIFT network uses BIC codes to direct international transfers to the right institution. In daily life you mostly come across the code on international invoices, in payment forms and on the account details of Banca di Credito Cooperativo 'sen.pietro Grammatico' Soc.coop.a R.l. customers.

On this page we explain what the code is put together, when it matters and which other details you need for a transfer to or from Banca di Credito Cooperativo 'sen.pietro Grammatico' Soc.coop.a R.l.. A SWIFT code identifies a bank or branch, never a specific account, which is why you always need the account number too.

Watch out for payment fraud

A common scam works like this: an email arrives with a request claiming that a contact now has a new bank account and asking you to pay there from now on. That ICRAITR1 is a real code is no guarantee that a request mentioning it is genuine.

Never rely on a phone number from the same email that contains the new account. Pressure and requests to keep it quiet tend to be warning signs – a real supplier can wait a day. Acted too fast? Contact the bank you paid from straight away and have them start a recall and report the fraud.

Recipients are targeted too: one known trick is a buyer who pays too much followed by a request to send back the difference to another account. Do not act before the money is actually in your account.

When will the money arrive at Banca di Credito Cooperativo 'sen.pietro Grammatico' Soc.coop.a R.l.?

An international transfer usually takes one to a few business days, depending on the currency, the route and the banks involved. Weekends and public holidays in the sending or receiving country can add a day or more to the journey. Compliance checks by one of the banks may also cause a delay.

If a transfer seems late, ask the sending bank about the tracking status or the UETR so they can trace it along the chain. Specialist transfer services usually show a status in their app so you can see where the money is.

A missing payment has to be investigated by the sending bank. As a recipient, you can check your account for a slightly lower amount.

The Euro and what conversion costs you

The currency in Italy is the Euro (EUR). If you send money in a different currency it gets converted at some point: by your bank, an intermediary or Banca di Credito Cooperativo 'sen.pietro Grammatico' Soc.coop.a R.l. itself. Each conversion costs something.

Where the conversion happens has an effect on the final amount, as rates and margins differ per bank. Transferring the amount directly in EUR usually avoids a second conversion, provided the rate you get is fair.

Exchange rates change all the time, and some providers let you lock in a rate. On larger amounts, even seemingly small gap in the rate adds up quickly.

Where our SWIFT data comes from

This directory is compiled from publicly available sources and we update it periodically. Institutions merge, close branches and change codes – a directory can be a step behind. The number of codes on this page reflect what is in our directory and not on information from Banca di Credito Cooperativo 'sen.pietro Grammatico' Soc.coop.a R.l. itself.

See our directory here as a helpful check and rely on the recipient or Banca di Credito Cooperativo 'sen.pietro Grammatico' Soc.coop.a R.l. for the final confirmation. We are an independent comparison service and not part of Banca di Credito Cooperativo 'sen.pietro Grammatico' Soc.coop.a R.l.. Found outdated information? Tell us through the contact page.

What to give a sender who pays you at Banca di Credito Cooperativo 'sen.pietro Grammatico' Soc.coop.a R.l.

To receive a transfer from abroad into your account at Banca di Credito Cooperativo 'sen.pietro Grammatico' Soc.coop.a R.l., the sender needs more than the SWIFT code. The basics are: the account holder’s name, account number or IBAN, ICRAITR1JS4 or ICRAITR1 and often your home address.

Some banks also ask for the bank’s address in Trapani; it does no harm to include it. Double-check the details before you share them – a sender rarely spots a mistake in someone else’s details.

The amount you receive is often less than the amount sent. Fees for incoming transfers vary from bank to bank. Make clear with the sender who covers the fees.

Before you send: check the Banca di Credito Cooperativo 'sen.pietro Grammatico' Soc.coop.a R.l. code

The most reliable source for the BIC is the bank details provided by the recipient – an invoice, a statement or a screenshot from online banking. Check it against ICRAITR1 here.

A wrong SWIFT code may lead to delays, a payment being sent back or extra fees for investigation. Do not forget the IBAN: an error there can be more difficult to correct than a wrong code.

A validity check in your banking app only confirms that the IBAN is valid, not that it is the right account. More and more banks check the name with the account. Sending a small amount first is a sensible step for a large first payment, even if it costs an extra fee.

Paying someone abroad from your Banca di Credito Cooperativo 'sen.pietro Grammatico' Soc.coop.a R.l. account

A bank transfer abroad costs more than the fee suggests. You pay the transfer fee, possibly fees charged by intermediary banks along the way and, above all, the margin on the exchange rate if the currency changes.

Banks rarely show the margin on the rate separately – you only notice it if you compare. A simple test: put the bank’s rate against the mid-market rate for the same moment and look at the difference.

Money transfer services often offer rates closer to the mid-market rate and lower fees. Next time you send money, it is worth to compare the total cost via GoldexPay instead of going straight to your bank. You can still use your account at Banca di Credito Cooperativo 'sen.pietro Grammatico' Soc.coop.a R.l.; only the conversion and sending happen elsewhere.

Do you need ICRAITR1 for a SEPA transfer?

Within the SEPA zone, euro transfers to Banca di Credito Cooperativo 'sen.pietro Grammatico' Soc.coop.a R.l. follow the same rules. The BIC field is often optional for those payments.

For anything other than euros and from non-SEPA countries, ICRAITR1JS4 or ICRAITR1 is still required. A few banks and apps still ask for the BIC out of habit; if so, enter ICRAITR1.

Euro payments within SEPA usually arrive within one business day, and instant transfers in seconds where both banks support them. Provided no currency is converted, a SEPA transfer is inexpensive; costs rise once a conversion is involved.

8 or 11 characters: ICRAITR1 versus ICRAITR1JS4

The layout of every SWIFT code never changes: a bank code of four letters, a two-letter country code and two for the location, plus an optional branch code. The result is ICRAITR1, the short form of the code.

The 11-character version adds a three-character extension for a branch or department. If the last three are XXX, the code points to the head office, so ICRAITR1JS4 and ICRAITR1 are interchangeable.

As a rule the code is written in capitals. A single letter may route a payment to another bank.

Which of the 2 codes of Banca di Credito Cooperativo 'sen.pietro Grammatico' Soc.coop.a R.l. do you need?

With 2 codes, Banca di Credito Cooperativo 'sen.pietro Grammatico' Soc.coop.a R.l. is one of the banks that register separate codes for branches and departments. The head office code remains ICRAITR1JS4.

In most cases there is no need to pick a branch: payments addressed to ICRAITR1JS4 are routed within Banca di Credito Cooperativo 'sen.pietro Grammatico' Soc.coop.a R.l. without problems. If you have been given a specific code, use it as it is rather than replacing it for the head office code.

When in doubt, ask the person you are paying for the exact BIC in their bank details. Branch codes can change over time.