Banca Malatestiana-Credito Cooperativo Societa' Cooperativa SWIFT/BIC code

Banca Malatestiana-Credito Cooperativo Societa' Cooperativa SWIFT code: ICRAITR1

Whether a recipient gives you ICRAITR1 or ICRAITR1E28, you are looking at the same identifier for Banca Malatestiana-Credito Cooperativo Societa' Cooperativa in Italy. A SWIFT code tells the sending bank which institution should receive the money, much like a postcode for banks. You will need it mainly when dealing with payments that cross a border or a currency.

Further down you will find the practical questions: receiving money at Banca Malatestiana-Credito Cooperativo Societa' Cooperativa, sending money abroad and how to verify the code before you hit send. Remember that the SWIFT code just identifies the bank, not the account: the account number or IBAN takes care of that.

Paying into Banca Malatestiana-Credito Cooperativo Societa' Cooperativa in EUR

Accounts at Banca Malatestiana-Credito Cooperativo Societa' Cooperativa are typically held in EUR, the local currency. Money sent in a different currency is converted into EUR on its way to Banca Malatestiana-Credito Cooperativo Societa' Cooperativa. You rarely see a separate line for that conversion.

Who converts the payment makes a difference. Check what EUR arrives with different services.

Exchange rates change all the time. For recurring payments, small differences in the rate add up over time.

What a transfer from Banca Malatestiana-Credito Cooperativo Societa' Cooperativa abroad really costs

What you pay for an international transfer is made up of several parts. There is the fee for the transfer itself, sometimes charges from correspondent banks along the way and, above all, the margin on the exchange rate when the money is converted.

That exchange rate margin is often the biggest item because it is hidden in the rate. Compare the rate you are offered against the mid-market rate, the midpoint between buy and sell rates you see on financial sites. The difference is your real conversion cost.

For a lot of currency pairs, a specialist provider turns out to be cheaper than a traditional bank transfer. On GoldexPay we compare what recipients receive with different providers, which makes the cheapest option easy to spot. You can always use your account at Banca Malatestiana-Credito Cooperativo Societa' Cooperativa to fund the transfer.

Transfer times and tracking a payment to Banca Malatestiana-Credito Cooperativo Societa' Cooperativa

How fast a payment reaches Banca Malatestiana-Credito Cooperativo Societa' Cooperativa is determined by a few things: the currency, how many intermediary banks are involved, cut-off times and differences in time zone. Weekends and public holidays in the sending or receiving country can add a day or more to the journey. Sometimes a bank wants to know about the purpose of a payment, which can hold things up.

Many banks are connected to SWIFT gpi for faster and traceable payments. Each gpi transfer gets a unique transaction reference, the UETR, which your bank can use to see where the money is. Specialist transfer services usually provide tracking online showing how far the money is.

A delayed transfer has to be traced by the sending bank. Ask the sender for a copy of the payment confirmation.

Which of the 25 codes of Banca Malatestiana-Credito Cooperativo Societa' Cooperativa do you need?

With 25 codes in 13 locations, Banca Malatestiana-Credito Cooperativo Societa' Cooperativa is one of the banks that register separate codes for parts of the organisation and departments. The main code is ICRAITR1E28.

In most cases there is no need to look up a branch: transfers addressed to ICRAITR1E28 are routed within Banca Malatestiana-Credito Cooperativo Societa' Cooperativa without problems. Just use a branch code when the account holder explicitly asks for it, for example on a letter or invoice.

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

Scams that use SWIFT codes

Stay wary when someone unexpectedly asks you to pay into a different account or a bank in another country. A correct SWIFT code says nothing about who owns the account – scammers simply use real codes.

Verify new payment details through a separate channel like a call to a number from an earlier contract, not by replying to the message. Urgency and secrecy tend to be red flags; a genuine business can wait for you to check. If a payment was sent to a fraudster, contact your bank immediately: the sooner they act, the better the chance of a recall.

Scams can also target the receiver. Someone claims to have sent too much and asks you to return the difference. A screenshot of a transfer is no proof.

How up to date is this code?

The details on this page come from public sources. Still, banks merge or change codes and our data may lag behind. Figures such as the number of codes are from our own dataset and are not confirmed by Banca Malatestiana-Credito Cooperativo Societa' Cooperativa.

For any payment of any size, always check the BIC with the recipient’s bank or with the recipient. GoldexPay is not affiliated with Banca Malatestiana-Credito Cooperativo Societa' Cooperativa, we only compare transfer services. If you notice something that is out of date, we appreciate a short note via the contact page.

How to check ICRAITR1 before you pay

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 here.

With a wrong code, the transfer might get stuck, be returned or end up costing more, and tracing it can take weeks. An error in the IBAN or account number can be more serious, so check that just as carefully.

A format check by your bank merely tells you that the IBAN is valid, not that it is the right account. More and more banks compare the payee name with the account. A small test payment is worth it for large sums, even if it costs an extra fee.

Getting paid from abroad into a Banca Malatestiana-Credito Cooperativo Societa' Cooperativa account

If you expect money from abroad, give the sender all details at once. In practice that means: your full name as registered with Banca Malatestiana-Credito Cooperativo Societa' Cooperativa, your account number or IBAN, the SWIFT/BIC code ICRAITR1E28 (or ICRAITR1) and sometimes your address.

The sender’s bank might also ask for the bank address of Banca Malatestiana-Credito Cooperativo Societa' Cooperativa. A typo in your account number is more trouble than you might think.

Expect that the amount credited is below the amount on the sender’s receipt. Fees for incoming transfers vary from bank to bank – the price list of Banca Malatestiana-Credito Cooperativo Societa' Cooperativa tells you what applies. For business payments, it is common to agree how the fees are split to avoid a shortfall.

What the XXX in ICRAITR1E28 means

A SWIFT code is made up of a few fixed parts: the first four letters stand for the bank, the next two give the country and characters seven and eight mark the location. For Banca Malatestiana-Credito Cooperativo Societa' Cooperativa, that core is ICRAITR1.

XXX at the end of ICRAITR1E28 does not stand for a missing value or a mistake: it indicates the head office of Banca Malatestiana-Credito Cooperativo Societa' Cooperativa. Some forms insist on 11 characters, and then you simply add XXX after ICRAITR1.

Do not add spaces, dots when you type ICRAITR1; the code is always written in one block. Pasting the code beats typing it by hand: a typo can point to another bank.

Paying Banca Malatestiana-Credito Cooperativo Societa' Cooperativa in euros within SEPA

Since Italy is in the SEPA zone, a euro transfer into Banca Malatestiana-Credito Cooperativo Societa' Cooperativa from within the SEPA area usually only needs the IBAN. Many banks no longer ask for the BIC for these payments.

You still need ICRAITR1E28 for payments in other currencies or money from outside the SEPA area. If your banking app has a field for the BIC regardless, adding ICRAITR1 is fine.

SEPA transfers usually arrive within one business day. Provided no currency is converted, a SEPA transfer is cheap; costs rise once a conversion is involved.