Banca Popolare di Spoleto SWIFT/BIC code

SWIFT/BIC code of Banca Popolare di Spoleto

BPSPIT21 and BPSPIT21470 are two spellings of the same SWIFT/BIC code, and both lead to Banca Popolare di Spoleto in Albano Laziale. A SWIFT code tells the sending bank exactly which bank should receive the money. You will need it mainly for transfers between countries or a currency.

Below we go through the practical side: receiving money at Banca Popolare di Spoleto, sending money abroad and how to verify the code before you hit send. The SWIFT code on its own cannot identify an individual account holder; for that you need the account number or IBAN .

How up to date is this code?

The directory on GoldexPay draws on public sources and we update it periodically. It can happen that information on this page is no longer current, for example after a merger. Figures such as the number of codes are from our own dataset and are not confirmed by Banca Popolare di Spoleto.

For a payment of any size, always check the BIC with the recipient’s bank or the recipient. GoldexPay has no connection to Banca Popolare di Spoleto; we are a comparison site for money transfers. Should you notice a mistake, we welcome a message via the contact page.

Verifying the SWIFT code of Banca Popolare di Spoleto

The safest source for a SWIFT code is the bank details provided by the recipient. Compare that code against BPSPIT21 on this page.

A wrong SWIFT code may lead to a delay, a returned payment or extra fees for investigation. Remember the IBAN: a mistake there is harder to undo than a wrong code.

Most online banking apps validate the format of an IBAN. More and more banks compare the payee name with the account before you confirm; take any warning seriously. A small test payment is a sensible step for a large first payment, even if it costs an extra fee.

Euro transfers to Banca Popolare di Spoleto: is a BIC needed?

Within the SEPA zone, euro transfers to Banca Popolare di Spoleto use common rules and in most cases need only the IBAN. A field for the BIC is usually optional or missing in that case.

A SWIFT code like BPSPIT21 still matter when the currency is not euros, and for transfers from outside SEPA. Some banks and apps still ask for the BIC out of habit; if so, enter BPSPIT21 or BPSPIT21470.

SEPA transfers normally land within one business day, and instant transfers in seconds where both banks support them. Provided the payment stays in euros, a SEPA transfer is inexpensive; it is the conversion that costs money.

Tracking a transfer to or from Banca Popolare di Spoleto

How fast a payment reaches Banca Popolare di Spoleto is determined by several factors: the currency, how many intermediary banks are involved, daily processing deadlines and time zones. Bank holidays in either country add extra days. Sometimes a bank asks what the payment is for, which can hold things up.

Many banks are connected to SWIFT gpi. Every gpi transfer carries a unique transaction reference, the UETR. Save your transfer receipt.

A delayed transfer is traced by the sending bank. On the receiving end, it helps to look at your statements to see a slightly lower amount.

International transfers from Banca Popolare di Spoleto: the real cost

A bank transfer abroad can cost rather more than the listed fee. Besides a fixed fee, correspondent or intermediary banks can take a cut, and when the money changes currency, the bank often applies a rate that is less favourable than the actual market rate.

Many banks do not show the margin on the rate as a cost – you only notice it if you compare. An easy check: set the rate you get next to the mid-market rate for the same moment and work out the difference on your amount.

For a lot of currency pairs, a specialist provider turns out to be less expensive than a bank, mainly because of the exchange rate. Before your next transfer, it is worth to compare the total cost on GoldexPay rather than accepting the bank’s rate by default. Using a transfer service does not mean closing your account at Banca Popolare di Spoleto.

Why Banca Popolare di Spoleto 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. For Banca Popolare di Spoleto, the 8-character core is BPSPIT21.

Most banks and apps accept both lengths. If a form requires eleven characters, use BPSPIT21470.

In practice the code is written in capitals. Watch for O versus 0 and the letter I and the digit 1, a common source of typos.

Which of the 131 codes of Banca Popolare di Spoleto do you need?

Having 131 codes in 77 cities, Banca Popolare di Spoleto is one of the banks that use individual codes for branches. The main code is BPSPIT21470.

If nobody asks you for a branch code, go with BPSPIT21470 or its short form BPSPIT21. A branch code only makes sense if the recipient’s bank explicitly asks for it, which is more common for corporate accounts and specialised services.

The best way is to copy the code directly from the account holder’s statement. Codes for branches are more likely to be retired than the head office code when a bank merges or closes offices.

Paying into Banca Popolare di Spoleto in EUR

Accounts at Banca Popolare di Spoleto are typically held in EUR, the local currency of Italy. If you send money in a different currency gets converted at some point. Every conversion costs the amount.

Who does the conversion has an effect on how much arrives, as rates and margins differ per bank. Often you pay less to send EUR directly through a provider with a good rate, so that the receiving bank does not need to convert again.

The EUR rate fluctuates constantly. With bigger transfers, a seemingly small difference in the rate can be worth more than the fee.

What to give a sender who pays you at Banca Popolare di Spoleto

Someone abroad who wants to pay you will ask for several details about your account – incomplete details often cause delays. That means: your name as registered with Banca Popolare di Spoleto, your IBAN or account number, the SWIFT/BIC code BPSPIT21470 (or BPSPIT21) and, often, your address.

Their bank might request the address of your bank. Double-check the details before you send them, because the sender’s bank usually copies them as is.

An incoming payment will not always land for the full amount. Charges on incoming payments vary from bank to bank. Agree with the sender who pays which costs, especially for larger amounts.

Protect yourself against fake payment requests

Scammers regularly use payment requests containing new bank details. That BPSPIT21 is a real code is no guarantee that the account is legitimate; criminals use the codes of real banks too.

Before paying, verify a change of bank details by phone on a number you know, not one from the message. Pressure or secrecy tend to be warning signs; a genuine business can wait for you to check. Acted too fast? Contact your bank straight away and have them start a recall; also report it to the police.

People receiving money are targeted too: a classic trick is a buyer who pays too much and then sends a request to send back the difference abroad. A screenshot of a transfer is no proof.