Banca di Pesaro Credito Cooperativo SWIFT/BIC code

ICRAITR1 – the SWIFT/BIC code of Banca di Pesaro Credito Cooperativo

The short code ICRAITR1 and the 11-character code ICRAITR1MY7 identify the same bank: Banca di Pesaro Credito Cooperativo, with its head office in Pesaro. The code has a single purpose: it ensures that money from abroad ends up at the right bank. You will need it mainly when dealing with transfers between countries.

We wrote this page to help anyone who pays into an account at Banca di Pesaro Credito Cooperativo without mistakes. The BIC names an institution, not a single account.

Euro (EUR) and conversion costs

The local currency of Italy is the Euro (EUR). When you pay money in a different currency it has to be converted somewhere along the way – by your bank, by Banca di Pesaro Credito Cooperativo or by a bank in between. Every conversion eats into the amount – usually through the rate rather than a fee.

Who does the conversion affects the final amount, since every bank sets its own rate. Check what EUR arrives via several services; the difference between options can be larger than you expect.

Exchange rates change all the time, and some providers let you lock in a rate. For regular payments, small differences in the rate add up over time.

Transfer times and tracking a payment to Banca di Pesaro Credito Cooperativo

How fast a payment reaches Banca di Pesaro Credito Cooperativo is determined by a few things: the currency, how many intermediary banks are involved, cut-off times and time zones. Transfers sent late in the day or on weekends and holidays usually start the next business day. Sometimes a bank asks what the payment is for.

A growing number of banks use SWIFT gpi. Each payment gets a unique reference, the UETR that banks can use to trace it. Save your transfer receipt until the recipient confirms; it contains the details a bank needs to start a trace.

The bank that sent the money can start an official trace – the recipient’s bank often cannot see a payment that has not arrived. On the receiving end, it helps to check your statements to see a partial amount, since fees may have been deducted.

Euro transfers to Banca di Pesaro Credito Cooperativo: is a BIC needed?

Because Italy is part of the SEPA zone, a euro transfer to Banca di Pesaro Credito Cooperativo from within the SEPA area usually only needs the IBAN. Most banking apps no longer ask for the BIC for these payments or fill it in for you.

A SWIFT code like ICRAITR1 still matter when the currency is not euros and when the money comes from outside SEPA. If your banking app asks for the BIC regardless, adding ICRAITR1 does no harm.

Euro payments within SEPA normally land within one business day; instant payments are faster if both banks offer them. Provided the payment stays in euros, the transfer tends to be cheap; it is the conversion that costs money.

Why Banca di Pesaro Credito Cooperativo has an 8- and an 11-character code

A BIC is built from a few fixed parts: the first four letters stand for the bank, the next two give the country and characters seven and eight indicate the location. For Banca di Pesaro Credito Cooperativo, that core is ICRAITR1.

Many payment forms work with both lengths. If yours requires eleven characters, enter ICRAITR1MY7, otherwise ICRAITR1 is fine.

As a rule the code is written in capitals, without spaces or dashes. A single character may route a payment to a different institution, so check it twice.

What to give a sender who pays you at Banca di Pesaro Credito Cooperativo

Someone abroad who wants to pay you needs several details about your account – incomplete details often cause delays. That means: your name exactly as it appears on the account, your IBAN or account number, the SWIFT/BIC code ICRAITR1MY7 and usually your address.

Some sending banks also ask for the name and address of Banca di Pesaro Credito Cooperativo in Pesaro. Check each detail before you send them – a sender rarely spots a mistake in someone else’s details.

Money from abroad does not always land in full. Correspondent banks can take a fee, Banca di Pesaro Credito Cooperativo may charge for incoming payments, and if the currency changes, an exchange rate margin applies. Make clear with the sender who covers the fees.

Banca di Pesaro Credito Cooperativo: head office code versus branch codes

Having 5 codes in 2 cities, Banca di Pesaro Credito Cooperativo is one of the banks that register separate codes for branches. The main code is ICRAITR1MY7.

For most incoming transfers, the head office code ICRAITR1MY7 works fine. A branch code only makes sense if the account holder specifically asks for it, which is more common for corporate accounts and specialised services.

The safest approach is to take the code directly from the recipient’s statement. Branch codes are more prone to be retired than the head office code when a bank merges or closes offices.

International transfers from Banca di Pesaro Credito Cooperativo: the real cost

What you pay for a payment abroad has more than one component – not just the fee on your screen. On top of the transfer fee, banks in between can take a cut, and when currencies are converted, the bank often applies a rate that is less favourable than the real market rate.

The markup on the rate tends to be the biggest item. An easy check: put the bank’s rate against the mid-market rate for the same moment and look at the difference.

For many routes, a specialist provider is less expensive than a bank. GoldexPay compares these services side by side, showing the amount the recipient gets for the same amount sent. You can always use your account at Banca di Pesaro Credito Cooperativo as the source of the money, while a cheaper service handles the conversion.

Where our SWIFT data comes from

The directory on GoldexPay is based on publicly available sources. It can happen that information on this page is no longer current after a merger or reorganisation. The figures on this page are based on what is in our directory.

Before a payment that matters, confirm the BIC with the recipient’s bank or with the recipient. GoldexPay is not affiliated with Banca di Pesaro Credito Cooperativo, we only compare transfer services. Should you notice a mistake, we appreciate a short note via the contact page.

Watch out for payment fraud

A common scam goes like this: an email arrives with a request saying that a contact has new bank details and that the next payment should go there. That ICRAITR1 is a real code does not mean that the account is legitimate – fraudsters use real bank codes as well.

Before paying, verify changed bank details through a phone call. Urgency and secrecy are red flags – a real supplier can wait a day. Acted too fast? Contact the bank you paid from without delay and have them start a recall; also report it to the police.

Scams can also work the other way: someone claims to have sent more than agreed and asks you to refund the extra. A payment confirmation from the sender is no proof – check your own account.

Is ICRAITR1 still correct? How to check

Have the recipient send you the bank details straight from a recent statement. Check that code against ICRAITR1 here.

If the code is wrong, the payment may be delayed, bounce back or end up costing more, and tracing it can take weeks. An error in the account number can be more serious because it can reach the wrong person, so check that just as carefully.

Most online banking apps validate the format of IBANs, but that does not prove the account belongs to the right person. Where available, a payee name check on the recipient gives an extra layer of safety. A small test payment can be worth it for large sums.