Banca di Taranto Credito Cooperativo SWIFT/BIC code

Banca di Taranto Credito Cooperativo SWIFT code: ICRAITR1

ICRAITR1 and ICRAITR1U71 are the short and the long form of the same bank identifier, and both point to Banca di Taranto Credito Cooperativo in Taranto. A SWIFT code tells every bank in the chain which institution should receive the money, much like a postcode for banks. It comes up mainly when dealing with payments that cross a border or a currency.

On this page you will find what the code means, when it matters and what else a transfer to or from Banca di Taranto Credito Cooperativo requires. The SWIFT code on its own does not identify an individual account holder; that is what the IBAN or account number is for.

SEPA payments and the Banca di Taranto Credito Cooperativo BIC

Since Italy is part of the SEPA zone, a euro transfer into Banca di Taranto Credito Cooperativo from another SEPA country normally requires just the IBAN. Many banks no longer ask for the BIC in that case.

Outside the euro and from non-SEPA countries, ICRAITR1U71 or ICRAITR1 is still required. If a payment form asks for the BIC regardless, entering ICRAITR1 is fine.

Instant payments in euros have become increasingly available within SEPA – whether Banca di Taranto Credito Cooperativo offers them for your account is worth checking. Provided no currency is converted, a SEPA transfer tends to be cheap; costs rise once a conversion is involved.

Paying someone abroad from your Banca di Taranto Credito Cooperativo account

A bank transfer abroad costs more than the listed fee. You pay the fee for the transfer itself, sometimes fees charged by intermediary banks in between and, above all, the margin on the exchange rate.

Many banks rarely show their exchange rate markup as a cost. An easy check: put the bank’s rate next to the mid-market rate and look at the difference.

Money transfer services frequently use a rate near the mid-market rate and lower fees. On GoldexPay you can compare what recipients receive with different services. You can still use your account at Banca di Taranto Credito Cooperativo as the source of the money; only the conversion and sending happen elsewhere.

Paying into Banca di Taranto Credito Cooperativo in EUR

Italy pays in the Euro (EUR). When you pay money in a different currency, the amount has to be converted somewhere along the way – by your bank, by Banca di Taranto Credito Cooperativo or by a bank in between. Every conversion eats into something, even when no fee is shown.

Where the conversion happens affects how much arrives, since every bank sets its own rate. In many cases you pay less if you send EUR straight away via a provider that converts near the mid-market rate rather than letting the receiving bank convert.

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

How long does an international transfer to Banca di Taranto Credito Cooperativo take?

How quickly a transfer reaches Banca di Taranto Credito Cooperativo is determined by several factors: the currency, how many intermediary banks are involved, daily processing deadlines and time zones. Payments made after the cut-off time or just before weekends and holidays often go out a business day later. Extra checks on larger or unusual payments can also cause a delay, even when all details are correct.

Many banks use SWIFT gpi, which lets them follow a payment from bank to bank. Every payment gets a unique reference, the UETR, which your bank can use to see where the money is. Save your transfer receipt.

A delayed transfer is investigated by the sending bank, using the payment confirmation. On the receiving end, it helps to check your account for a partial amount.

Choosing between the 2 SWIFT codes of Banca di Taranto Credito Cooperativo

Our directory lists 2 SWIFT/BIC codes for Banca di Taranto Credito Cooperativo, spread over 1 locations. Next to the head office code ICRAITR1U71, there are codes for branches, departments or specific services.

For the vast majority of payments to a private or business account, the head office code ICRAITR1U71 is what you need. When you receive a branch code, stick to it rather than swapping it with the head office code.

The best way is to copy the code directly from the account holder’s bank details. Codes for branches are more likely to be retired than ICRAITR1U71.

Where our SWIFT data comes from

Our SWIFT/BIC directory is compiled from public sources and is updated regularly. Still, banks merge, rename themselves or retire codes, so information can be out of date. The number of codes on this page reflect our own data, not official figures from Banca di Taranto Credito Cooperativo.

Before any payment of any size, always confirm the code with Banca di Taranto Credito Cooperativo or the recipient. GoldexPay is not affiliated with Banca di Taranto Credito Cooperativo; we are a comparison site for money transfers. If you notice a mistake, we welcome a short note.

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

Every SWIFT/BIC code has an 8-character core: four letters for the bank, a two-letter country code and two characters for the location. In this case, that core is ICRAITR1.

Many banks and apps accept either length. If a form asks for eleven characters, enter ICRAITR1U71, otherwise ICRAITR1 is fine.

Type the code in one piece, in upper case and without spaces. Look out for the letter O and the digit 0 or I versus 1; they are easy to mix up.

Scams that use SWIFT codes

One of the most common tricks works like this: an email arrives with a request saying that a contact now has a new bank account and that the next payment should go there. A valid SWIFT code says nothing about whether the request is genuine – scammers simply use real codes.

Before paying, confirm changed bank details by phone, using a number you already had. Be suspicious of time pressure, unusual wording or an email address that differs by one letter. Acted too fast? Contact the bank you paid from without delay and have them start a recall.

Fraud can also target the receiver: someone claims to have sent more than agreed and asks you to refund the extra via a different route. A payment confirmation from the sender proves nothing.

Receiving money from abroad at Banca di Taranto Credito Cooperativo

When you expect a payment from another country, send the payer a complete set of details. Give them the account holder’s name, your account number or IBAN, the BIC ICRAITR1U71 and your address, which some banks require.

Their bank may also ask for the bank address of Banca di Taranto Credito Cooperativo; the head office in Taranto is usually fine. A mistake in your account number can be more trouble than you might think, so copy the details from your online banking.

Money from abroad will not always land in full. Correspondent banks can take a fee, Banca di Taranto Credito Cooperativo may charge for incoming payments, and when currencies differ, a markup on the rate applies. On invoices, it is common to state who bears the costs, so that nobody is left short.

Before you send: check the Banca di Taranto Credito Cooperativo code

The best place to find the correct BIC remains paperwork issued by the bank, such as a statement or the account details in online banking. Check it against ICRAITR1 on this page and ask if anything does not match.

If the code is wrong, the transfer might get stuck, bounce back or cost extra, and tracing it can take weeks. An error in the account number can be more serious because it can reach the wrong person.

Most online banking apps check the format of IBANs. More and more banks compare the name against the account – do not ignore a mismatch warning. When you pay someone new, some people send a small test amount and wait for confirmation.