Banca di Monastier e del Sile Credito Cooperativo Soc. Coop. SWIFT/BIC code

Banca di Monastier e del Sile Credito Cooperativo Soc. Coop. SWIFT code: ICRAITR1

The short code ICRAITR1 and the 11-character code ICRAITR1TU6 identify the same bank: Banca di Monastier e del Sile Credito Cooperativo Soc. Coop. in Carbonera, Italy. A BIC has a single purpose: it ensures that money from abroad ends up at the right bank. In daily life you usually see it on invoices from abroad, in your banking app and in the bank details that Banca di Monastier e del Sile Credito Cooperativo Soc. Coop. provides.

Below we go through the practical side: receiving money at Banca di Monastier e del Sile Credito Cooperativo Soc. Coop., sending money abroad and how to verify a SWIFT code before you confirm a payment. The SWIFT code alone cannot identify an individual account holder; for that you need the IBAN or account number is for.

Changed bank details? Be careful

Scammers regularly send fake invoices with changed bank details sent from what looks like a familiar address. A correct SWIFT code tells you nothing about whether the request is genuine.

Always confirm a change of bank details by phone. Urgency or secrecy are red flags. Already paid? Call the bank you paid from without delay and have them start a recall and report the fraud.

Scams also target the receiver: someone claims to have sent more than agreed and asks you to return the difference. Do not act before the money is actually in your account.

The Euro and what conversion costs you

Italy pays in the Euro. If you send another currency has to be converted somewhere along the way: by your bank, an intermediary or Banca di Monastier e del Sile Credito Cooperativo Soc. Coop. itself. There is rarely a separate charge for the conversion.

Which bank converts the money matters. Sending the amount already in EUR often prevents a second conversion at the receiving end – as long as your own rate is good.

The rate for EUR fluctuates constantly and quotes are often valid only for a short time. On larger amounts, a seemingly small gap in the rate adds up quickly.

Incoming international payments to Banca di Monastier e del Sile Credito Cooperativo Soc. Coop.

Someone abroad who wants to pay you will ask for several details from you – incomplete details often cause delays. In practice that means: your name exactly as it appears on the account, your account number or IBAN, the BIC ICRAITR1TU6 and, often, your address.

You can add Banca di Monastier e del Sile Credito Cooperativo Soc. Coop. and Carbonera as well, since some forms ask for it. A mistake in your account number can be harder to fix than you might think; copy them from your banking app rather than typing.

The amount you receive can be less than the amount sent. Correspondent banks can take a fee, Banca di Monastier e del Sile Credito Cooperativo Soc. Coop. may charge for incoming payments, and when currencies differ, a markup on the rate applies. On invoices, it is common to agree how the fees are split, so that nobody is left short.

How to check ICRAITR1 before you pay

The most reliable source for a SWIFT code is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. When the code you were given does not match ICRAITR1 or ICRAITR1TU6, stop and ask: check with the recipient or with Banca di Monastier e del Sile Credito Cooperativo Soc. Coop. directly.

If the code is wrong, the transfer might get stuck, bounce back or end up costing more – sometimes after weeks of searching. A mistake in the IBAN or account number can be a bigger problem.

Most online banking apps check the structure of an IBAN and sometimes look up the BIC automatically, but that does not prove the account belongs to the right person. If your bank offers it, a payee name check before sending adds an extra layer of safety. A small test payment can be a sensible step for a large first payment.

8 or 11 characters: ICRAITR1 versus ICRAITR1TU6

A SWIFT code is built from fixed blocks: the first four letters identify the bank, the next two show the country and characters seven and eight mark the location. For Banca di Monastier e del Sile Credito Cooperativo Soc. Coop., that core is ICRAITR1.

The long version has a three-character extension that identify a branch or department. If the last three are XXX, the code points to the head office, which is why ICRAITR1TU6 and ICRAITR1 lead to the same place.

In practice the code is typed in capitals, without spaces or dashes. A wrong character can send the money to a different institution.

Banca di Monastier e del Sile Credito Cooperativo Soc. Coop.: head office code versus branch codes

With 21 codes, Banca di Monastier e del Sile Credito Cooperativo Soc. Coop. is one of the banks that use separate codes for branches and departments. The head office code is ICRAITR1TU6.

For the vast majority of incoming transfers, the head office code ICRAITR1TU6 works fine. A branch code only makes sense when the recipient’s bank specifically mentions it, which is more common for business accounts and specialised services.

The safest route is to copy the code straight from the account holder’s invoice. Branch codes can change when banks reorganise.

How up to date is this code?

The details on this page are taken from publicly available data that we update regularly. It can happen that information here is out of date, for example after a merger. Figures such as the number of codes are from our own dataset.

For any payment that matters, always check the code with Banca di Monastier e del Sile Credito Cooperativo Soc. Coop. or with the recipient. GoldexPay is not affiliated with Banca di Monastier e del Sile Credito Cooperativo Soc. Coop.; we are a comparison site for money transfers. Found an error? Tell us via our contact form.

Transfer times and tracking a payment to Banca di Monastier e del Sile Credito Cooperativo Soc. Coop.

An international transfer typically needs one to a few business days, depending on the currency, the route and the banks involved. Transfers sent late in the day or just before a weekend or public holiday often start the next business day. Occasionally a bank wants to know what the payment is for.

A growing number of banks use SWIFT gpi for faster and traceable payments. Every gpi transfer gets a unique transaction reference, the UETR that banks can use to trace it. Specialist transfer services usually provide tracking in their app showing where the payment is.

A delayed transfer has to be traced from the sending side, using the payment confirmation. On the receiving end, you can check your account to see a partial amount.

What a transfer from Banca di Monastier e del Sile Credito Cooperativo Soc. Coop. abroad really costs

A bank transfer abroad can cost more than the listed fee. On top of the transfer fee, banks in between may take a cut, and when currencies are converted the bank usually applies a rate below the actual market rate.

Most of the cost usually sits in the exchange rate: the bank converts at a rate with a margin built in. Compare the rate you are offered against the mid-market rate. The difference is your real conversion cost.

For many currency pairs, a specialist provider turns out to be less expensive than a traditional bank transfer, mainly because of the exchange rate. GoldexPay compares the amount that arrives across providers. You can still use your account at Banca di Monastier e del Sile Credito Cooperativo Soc. Coop. as the source of the money, while a cheaper service handles the conversion.

Euro transfers to Banca di Monastier e del Sile Credito Cooperativo Soc. Coop.: is a BIC needed?

Italy is part of the SEPA area. When you send euros within SEPA, you normally only need the IBAN and the BIC is often filled in automatically.

You still need ICRAITR1TU6 for non-euro payments or money from outside the SEPA area. A few forms still show a field for the BIC; if so, enter ICRAITR1.

SEPA transfers usually arrive by the next business day. Fees for SEPA transfers are generally low as long as everything stays in euros.