Banca di Formello e Trevignano Romano di Credito Cooperativo Soc. Coop SWIFT/BIC code

SWIFT/BIC code of Banca di Formello e Trevignano Romano di Credito Cooperativo Soc. Coop

The 8-character code ICRAITR1 and the 11-character code ICRAITR1MK6 refer to the same bank: Banca di Formello e Trevignano Romano di Credito Cooperativo Soc. Coop, with its head office in Cesano (Roma). A SWIFT code tells every bank in the chain exactly which bank is meant to get the money, much like a postcode for banks. In daily life you usually see it on invoices from abroad, in your banking app and in the bank details of Banca di Formello e Trevignano Romano di Credito Cooperativo Soc. Coop customers.

We wrote this page to help people who receives money at an account at Banca di Formello e Trevignano Romano di Credito Cooperativo Soc. Coop without mistakes. Keep in mind that the SWIFT code just identifies the bank, not the account: the IBAN or account number takes care of that.

Paying into Banca di Formello e Trevignano Romano di Credito Cooperativo Soc. Coop in EUR

Italy uses the Euro. If you send another currency has to be converted somewhere along the way – by your bank, by Banca di Formello e Trevignano Romano di Credito Cooperativo Soc. Coop or by a bank in between. There is rarely a separate line for the conversion; it is built into the rate.

Where the conversion happens has an effect on how much arrives, since every bank sets its own rate. Transferring the money already in EUR usually avoids an extra conversion, provided the rate you get is fair.

Rates for EUR change during the day, and some providers let you lock in a rate. If you pay regularly, small differences in the rate make a real difference over a year.

When will the money arrive at Banca di Formello e Trevignano Romano di Credito Cooperativo Soc. Coop?

An international transfer usually takes one to a few business days. Weekends and public holidays in either country can add a day or more, since banks do not process on those days. Sometimes a bank asks about the purpose of a payment, which can hold things up.

If a transfer seems delayed, contact your bank for the tracking status or the UETR so they can trace it along the chain. Money transfer services often show tracking online so you can see where the money has got.

A delayed transfer is traced by the sending bank on the basis of the transfer details. Request from the sender the payment receipt.

Head office or branch code at Banca di Formello e Trevignano Romano di Credito Cooperativo Soc. Coop?

With 3 codes, Banca di Formello e Trevignano Romano di Credito Cooperativo Soc. Coop belongs to the banks that use individual codes for branches and departments. The head office code remains ICRAITR1MK6.

If nobody asks you for a branch code, go with ICRAITR1MK6. If you have been given a branch code, use it as it is instead of swapping it with the head office code.

When in doubt, check with the recipient for the exact BIC in their bank details. Branch codes are more prone to change than the head office code when a bank merges or closes offices.

Where our SWIFT data comes from

This directory draws on publicly available sources and we update it periodically. Even so, banks merge, rename themselves or retire codes and our data may lag behind. The figures on this page reflect what is in our directory.

Before a payment that matters, confirm the code with Banca di Formello e Trevignano Romano di Credito Cooperativo Soc. Coop or with the recipient. GoldexPay is not affiliated with Banca di Formello e Trevignano Romano di Credito Cooperativo Soc. Coop; we are a comparison site for money transfers. Spotted an error? Tell us through the contact page.

Is ICRAITR1 still correct? How to check

Ask the recipient to send you the bank details straight from their banking app. Compare that code against ICRAITR1 on this page and ask if anything does not match.

A wrong SWIFT code may lead to a delay, a returned payment or additional charges for investigation. Do not forget the account number: a mistake there can be harder to undo than a wrong code.

Many banking apps validate the structure of IBANs, but that does not prove the account belongs to the right person. Some banks now compare the payee name with the account. When you pay someone new, some people start with a small test amount before sending the rest.

Scams that use SWIFT codes

A common scam goes like this: an email arrives with a request saying that a contact now has new bank details. The fact that ICRAITR1 exists is no guarantee that the account is genuine.

Check new payment details via a different channel, never via the email that asked for the change. Urgency or requests to keep it quiet tend to be red flags. If money has already gone to the wrong account, contact your bank immediately.

Scams also work the other way: someone claims to have sent too much and asks you to return the difference. A screenshot of a transfer proves nothing – check your own account.

8 or 11 characters: ICRAITR1 versus ICRAITR1MK6

Every SWIFT/BIC code starts with the same eight core characters: a four-letter bank code, a two-letter country code and a two-character location code. For Banca di Formello e Trevignano Romano di Credito Cooperativo Soc. Coop, the 8-character core is ICRAITR1.

The long version has a three-character extension for a branch or department. When those three characters are XXX, the code points to the head office, which is why ICRAITR1MK6 and ICRAITR1 lead to the same place.

In practice the code is written in capitals. Copying the code is safer than typing it by hand: a typo can point to another bank.

What to give a sender who pays you at Banca di Formello e Trevignano Romano di Credito Cooperativo Soc. Coop

If you are waiting for a payment from another country, send the payer everything they need in one go. Give them the account holder’s name, the IBAN or account number, SWIFT code ICRAITR1MK6 and your address, which some banks require.

Some sending banks also ask for the address of Banca di Formello e Trevignano Romano di Credito Cooperativo Soc. Coop in Cesano (Roma). A mistake in the IBAN is more trouble than it looks.

Money from abroad does not always land for the full amount. Fees for incoming transfers vary from bank to bank. Agree with the sender who pays which costs.

Do you need ICRAITR1 for a SEPA transfer?

Inside SEPA, euro transfers to Banca di Formello e Trevignano Romano di Credito Cooperativo Soc. Coop use common rules, so the IBAN does the job in most cases. The BIC field is often optional for those payments.

You will still need ICRAITR1MK6 when sending non-euro payments or money from outside the SEPA area. If your banking app asks for the BIC anyway, entering ICRAITR1 does no harm.

SEPA transfers normally land by the next business day. Provided the payment stays in euros, the transfer is cheap; it is the conversion that costs money.

International transfers from Banca di Formello e Trevignano Romano di Credito Cooperativo Soc. Coop: the real cost

What you pay for an international transfer has several parts – not just the fee on your screen. On top of the transfer fee, correspondent or intermediary banks can deduct a fee, and when currencies are converted, the bank usually applies a rate below the real market rate.

Banks rarely list the margin on the rate as a cost. Check their rate with the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

Money transfer services often use rates closer to the mid-market rate. Before your next transfer, it is worth comparing what arrives via GoldexPay rather than accepting the bank’s rate by default. Using a transfer service does not require leaving Banca di Formello e Trevignano Romano di Credito Cooperativo Soc. Coop: you simply pay the service from your account.