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.

If an invoice shows ICRAITR1 or ICRAITR1MK5, it is the same identifier for Banca di Formello e Trevignano Romano di Credito Cooperativo Soc. Coop. in Italy. Banks worldwide use these codes to direct payments between countries to the right institution. In practice you usually see it on invoices from abroad, in payment forms and in the bank details that Banca di Formello e Trevignano Romano di Credito Cooperativo Soc. Coop. provides.

Below you will find the practical side: receiving money at Banca di Formello e Trevignano Romano di Credito Cooperativo Soc. Coop., paying someone in another country and how to check a SWIFT code before you confirm a payment. Keep in mind that the SWIFT code only identifies the bank, not the account: the account number or IBAN does that part.

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

When you are waiting for money from abroad, send the payer everything they need in one go. Share your name as the bank knows it, the IBAN or account number, the BIC ICRAITR1MK5 and your address.

Some sending banks want the name and address of Banca di Formello e Trevignano Romano di Credito Cooperativo Soc. Coop. in Anguillara Sabazia, so keep it at hand. A typo in the IBAN can be more trouble than you might think.

An incoming payment does not always arrive in full. Correspondent banks can take a fee, Banca di Formello e Trevignano Romano di Credito Cooperativo Soc. Coop. may charge for incoming payments, and if the money is converted, an exchange rate margin applies. Agree with the sender who pays which costs before the money is sent.

Where our SWIFT data comes from

This directory draws on public sources and is updated regularly. It can happen that a code on this page is out of date. Counts and locations are from our own dataset and are not confirmed by Banca di Formello e Trevignano Romano di Credito Cooperativo Soc. Coop..

For a payment of any size, check the BIC with Banca di Formello e Trevignano Romano di Credito Cooperativo Soc. Coop. or with the recipient. We are an independent comparison service and not part of Banca di Formello e Trevignano Romano di Credito Cooperativo Soc. Coop.. Spotted an error? Tell us through the contact page.

Protect yourself against fake payment requests

Stay alert when a contact unexpectedly wants you to send money to a different account abroad. The fact that ICRAITR1 exists is no guarantee that the account is legitimate.

Before paying, verify a change of bank details through a phone call, using a number you already had. Watch out for urgent requests, odd spelling or an email address that differs by one letter. When a payment has already gone to a fraudster, call your bank right away – speed improves the chance of getting it back.

Scams also work the other way: someone sends more than agreed and asks you to refund the difference to a new account. A screenshot of a transfer is no proof; only your own account shows what has arrived.

Before you send: check the Banca di Formello e Trevignano Romano di Credito Cooperativo Soc. Coop. code

Ask the recipient to send you their account details straight from their banking app. When the code you were given differs from ICRAITR1 or ICRAITR1MK5, do not guess.

A wrong SWIFT code may lead to a delay, a returned payment or additional charges along the way. A mistake in the account number can be a bigger problem, because the money may be credited to someone else; check it just as carefully.

A validity check in your banking app merely tells you that the IBAN is valid – not that it belongs to the person you mean to pay. If your bank offers it, a name check on the recipient adds extra certainty. Sending a small amount first can be a sensible step for a large first payment.

Do you need ICRAITR1 for a SEPA transfer?

Italy is a member of the SEPA area. For a standard euro transfer within SEPA, the IBAN is usually enough and the BIC is often filled in automatically.

You still need ICRAITR1MK5 when sending non-euro payments or money from outside the SEPA area. A few forms still ask for the BIC; in that case, fill in ICRAITR1 or ICRAITR1MK5.

Instant payments in euros have become increasingly available within SEPA. Provided the payment stays in euros, a SEPA transfer is inexpensive; costs rise once a conversion is involved.

What a transfer from Banca di Formello e Trevignano Romano di Credito Cooperativo Soc. Coop. abroad really costs

A bank transfer abroad can cost rather more than the fee suggests. Besides a fixed fee, correspondent or intermediary banks may take a cut, and when the money changes currency the bank usually uses a rate below the real market rate.

Banks do not show their exchange rate markup as a cost, but you pay it all the same. Check their rate with the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

Specialised transfer providers frequently use rates closer to the mid-market rate with clearer fees. Next time you send money, take a minute comparing what arrives on GoldexPay rather than accepting the bank’s rate by default. Choosing a specialist does not require closing your account at Banca di Formello e Trevignano Romano di Credito Cooperativo Soc. Coop.: you simply pay the service from your account.

8 or 11 characters: ICRAITR1 versus ICRAITR1MK5

A SWIFT code is made up of fixed blocks: characters one to four stand for the bank, the next two show the country and the two after that indicate the location. In this case, the 8-character core is ICRAITR1.

The long version adds a three-character extension for a branch or department. If the last three are XXX, they simply mean the head office, which is why ICRAITR1MK5 and ICRAITR1 lead to the same place.

As a rule the code is written in capitals, without spaces or dashes. A wrong letter can send the money to a different institution.

Choosing between the 6 SWIFT codes of Banca di Formello e Trevignano Romano di Credito Cooperativo Soc. Coop.

Banca di Formello e Trevignano Romano di Credito Cooperativo Soc. Coop. has 6 separate SWIFT/BIC codes across 4 locations. One of them is the head office code; the rest identify branches.

For the vast majority of incoming transfers, the head office code ICRAITR1MK5 is what you need. When you receive a specific code, use it as it is instead of replacing it for the head office code.

The safest approach is to take the code straight from the account holder’s statement. Branch codes are more likely to be retired than the head office code.

Tracking a transfer to or from Banca di Formello e Trevignano Romano di Credito Cooperativo Soc. Coop.

A SWIFT payment usually needs one to a few business days. Bank holidays in the sending or receiving country can add a day or more to the journey. Extra checks on larger or unusual payments can also cause some delay.

A growing number of banks are connected to SWIFT gpi for faster and traceable payments. Each payment gets a unique transaction reference, the UETR that banks can use to trace it. Keep the payment confirmation; it contains the details a bank needs to start a trace.

A delayed transfer is traced from the sending side on the basis of the transfer details. Ask the sender for a copy of the payment confirmation including the reference; that often settles the question quickly.

The Euro and what conversion costs you

The currency of Italy is the Euro (EUR). Money sent in a different currency is converted into EUR before it reaches the account, and whoever converts it chooses the rate. You rarely see a separate charge for that conversion; it is built into the rate.

Which bank converts the money makes a difference, because each party uses its own rate. Sending the amount directly in EUR usually prevents an extra conversion by Banca di Formello e Trevignano Romano di Credito Cooperativo Soc. Coop. – as long as your own rate is good.

Rates for EUR move during the day. For regular payments, small differences in the rate make a real difference over a year.