Banca Picena Truentina Credito Cooperativo Scarl SWIFT/BIC code

SWIFT/BIC code of Banca Picena Truentina Credito Cooperativo Scarl

The 8-character code ICRAITRR and the full code ICRAITRR980 refer to one and the same institution: Banca Picena Truentina Credito Cooperativo Scarl. Every bank on the SWIFT network uses BIC codes to direct international transfers to the correct bank. In practice you mostly see the code on invoices from abroad, in your banking app and in the bank details of Banca Picena Truentina Credito Cooperativo Scarl customers.

On this page we explain what the code means, when you need it and what else a transfer to or from Banca Picena Truentina Credito Cooperativo Scarl requires. The SWIFT code alone cannot identify an individual account holder; for that you need the IBAN or account number is for.

Banca Picena Truentina Credito Cooperativo Scarl: head office code versus branch codes

Banca Picena Truentina Credito Cooperativo Scarl uses 18 separate SWIFT/BIC codes. One of them is the head office code; the rest identify branches.

Unless the recipient tells you otherwise, use ICRAITRR980. A branch code only makes sense if the account holder explicitly asks for it, which is more common for corporate accounts and specialised services.

When in doubt, ask the person you are paying for the exact BIC in their bank details. Codes are sometimes changed or retired when banks reorganise, so do not rely on old paperwork.

A note on our data

We collect SWIFT/BIC codes using publicly available data and update them regularly. It is possible that a code on this page is out of date after a merger or reorganisation. Counts and locations are from our directory.

Use our data as a reference, not as the final word. We are an independent comparison service and not affiliated with Banca Picena Truentina Credito Cooperativo Scarl. Spotted outdated information? Let us know via our contact form.

Tracking a transfer to or from Banca Picena Truentina Credito Cooperativo Scarl

There is no fixed answer for every transfer: some arrive the same day or the next, others take several business days. Weekends and public holidays in either country can add a day or more, since banks do not process on those days. Extra checks by one of the banks may also cause a delay, regardless of the details.

When a payment takes longer than expected, contact your bank for the tracking status and the transaction reference. Money transfer services often provide a status online so you can see how far the payment is.

The bank that sent the money can request a trace or a recall; the receiving side usually has nothing to trace yet. As a recipient, it helps to check your account to see a partial amount because fees can reduce the amount.

Sending money abroad from Banca Picena Truentina Credito Cooperativo Scarl

An international bank payment can cost more than the listed fee. On top of the transfer fee, correspondent or intermediary banks can take a cut, and when the money changes currency the bank usually uses a rate below the real market rate.

Banks rarely list the margin on the rate as a cost. Compare their rate with the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

Specialist money transfer services often use rates closer to the mid-market rate and lower fees. GoldexPay compares what recipients receive with different services, which makes the cheapest option easy to spot. Using a transfer service does not require leaving Banca Picena Truentina Credito Cooperativo Scarl – you pay the provider from your own account.

Paying into Banca Picena Truentina Credito Cooperativo Scarl in EUR

Accounts at Banca Picena Truentina Credito Cooperativo Scarl are typically held in EUR, the national currency of Italy. A payment in a foreign currency will be converted into EUR before it reaches the account, and whoever converts it chooses the rate. Every conversion eats into something, even when no fee is shown.

Where the conversion happens affects the final amount, as rates and margins differ per bank. Often you pay less to send EUR directly through a provider that converts near the mid-market rate rather than letting the receiving bank convert.

Rates for EUR change during the day. On larger amounts, even seemingly small gap in the rate can be worth more than the fee.

Euro transfers to Banca Picena Truentina Credito Cooperativo Scarl: is a BIC needed?

Within the SEPA zone, euro transfers to an account in Italy follow the same rules. A field for the BIC is usually optional or missing for those payments.

A SWIFT code like ICRAITRR still come into play for payments in other currencies and when the money comes from outside SEPA. If your banking app has a field for the BIC regardless, adding ICRAITRR does no harm.

SEPA transfers usually arrive by the next business day. Charges on SEPA payments tend to be low, as long as no currency conversion is involved.

Scams that use SWIFT codes

Be wary if someone suddenly asks you to pay into another account abroad. A real SWIFT code tells you nothing about whether the request is genuine – scammers simply use real codes.

Never rely on contact details in the same message that announces the change. Urgency or requests to keep it quiet tend to be warning signs; a genuine business can wait for you to check. Already paid? Contact the bank you paid from without delay and have them start a recall.

Fraud can also target the receiver: someone sends more than agreed and asks you to refund the extra. A payment confirmation from the sender is no proof – check your own account.

What to give a sender who pays you at Banca Picena Truentina Credito Cooperativo Scarl

For an international payment at Banca Picena Truentina Credito Cooperativo Scarl, the person paying you needs not just the SWIFT code. That means: your name exactly as it appears on the account, your account number or IBAN, the BIC ICRAITRR980 (or ICRAITRR) and usually your postal address.

Some sending banks want the address of Banca Picena Truentina Credito Cooperativo Scarl in Acquaviva Picena, so keep it at hand. A typo in your account number is more trouble than it looks.

The amount you receive can be less than the amount sent. Intermediary banks may deduct a fee, Banca Picena Truentina Credito Cooperativo Scarl may charge for incoming payments, and when currencies differ, a markup on the rate applies. Agree with the sender who covers the fees before the money is sent.

Is ICRAITRR still correct? How to check

The best place to find the correct BIC remains paperwork issued by the bank. Check it with ICRAITRR on this page.

A wrong SWIFT code may lead to a delay, a payment being sent back or additional charges. A mistake in the IBAN or account number can be a bigger problem, because the money may be credited to someone else, so check that just as carefully.

A validity check by your bank only tells you that the IBAN is valid. More and more banks compare the payee name against the account before you confirm; take any warning seriously. Sending a small amount first is worth it for large sums.

ICRAITRR or ICRAITRR980 – which one to use?

Each SWIFT/BIC code has an 8-character core: a four-letter bank code, two letters for the country and two characters for the location. Together, those parts make up ICRAITRR, the code most people search for.

Many payment forms accept either length. If a form requires eleven characters, use ICRAITRR980, otherwise ICRAITRR is fine.

In practice the code is typed in capitals. Pasting the code is safer than retyping it: a typo can point to another bank.