Banca Popolare Valconca SWIFT/BIC code

BPVMIT2R – the SWIFT/BIC code of Banca Popolare Valconca

If an invoice shows BPVMIT2R or BPVMIT2RXXX, it is the identical address for Banca Popolare Valconca in Italy. A BIC has a single purpose: it makes sure that an international payment reaches the right bank. In practice you mostly come across the code on invoices from abroad, in your banking app and in the bank details that Banca Popolare Valconca provides.

Below you will find the practical side: receiving money at Banca Popolare Valconca, sending money abroad and how to check a SWIFT code before you hit send. The BIC identifies an institution, never a single account, which is why you always need the account number too.

The Euro and what conversion costs you

Italy pays in the Euro, with the currency code EUR. When you pay another currency, the amount gets converted at some point. You rarely see a separate line for that conversion.

Which bank converts the money makes a difference. Check how much EUR the recipient gets with different providers.

The EUR rate fluctuates constantly and quotes are often valid only for a short time. With bigger transfers, even small difference in the rate can be worth more than the fee.

SEPA payments and the Banca Popolare Valconca BIC

Because Italy is in SEPA, a euro transfer to Banca Popolare Valconca from within the SEPA area normally only needs an IBAN. Most banking apps no longer ask for the BIC for these payments or fill it in for you.

You still need BPVMIT2RXXX when sending payments in other currencies or money from outside the SEPA area. Some forms also show a field for the BIC; in that case, fill in BPVMIT2R.

Instant payments in euros have become widely supported across SEPA – whether Banca Popolare Valconca offers them for your account is worth checking. As long as the payment stays in euros, a SEPA transfer is cheap.

Head office or branch code at Banca Popolare Valconca?

We have 14 SWIFT/BIC codes for Banca Popolare Valconca, spread over 11 locations. Next to the head office code BPVMIT2RXXX, you will find codes for branches, departments or specific services.

If nobody asks you for a branch code, use BPVMIT2RXXX. A branch code only makes sense if the recipient’s bank explicitly mentions it, which is more common for business accounts and trade services.

The best way is to take the code directly from the recipient’s bank details. Codes are sometimes changed or retired over time, so a code from an old document is not always valid.

Before you send: check the Banca Popolare Valconca code

Have the recipient copy the bank details directly from their online banking. If the code you have does not match BPVMIT2R or BPVMIT2RXXX, stop and ask: check with the recipient or with Banca Popolare Valconca directly.

A wrong SWIFT code may lead to a delay, a returned payment or additional charges. A mistake in the account number is more serious because it can reach the wrong person.

An automatic 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 before you confirm. A small test payment is worth it for a large first payment.

Where our SWIFT data comes from

The codes here are taken from publicly available data. Banks merge, change names and change codes – a directory can be a step behind. Figures such as the number of codes are from our directory.

Use this page as a reference, rather than as the last word: the recipient’s bank details come first. GoldexPay is independent of Banca Popolare Valconca; we are a comparison site for money transfers. Should you notice something that is out of date, we appreciate a message.

How long does an international transfer to Banca Popolare Valconca take?

How fast a payment reaches Banca Popolare Valconca depends on a few things: which currency you send, how many intermediary banks are involved, cut-off times and differences in time zone. Bank holidays in the sending or receiving country add a day or more to the journey. Occasionally a bank wants to know about the purpose of a payment, which can hold things up.

When a payment takes longer than expected, ask your bank for the status so they can trace it along the chain. Keep your transfer receipt.

If a payment has not arrived after a few business days, the sender needs to start with their own bank. As a recipient, it helps to look at your account to see a slightly lower amount because fees can reduce the amount.

What the XXX in BPVMIT2RXXX means

Every SWIFT/BIC code has an 8-character core: a four-letter bank code, a two-letter country code and two characters for the location. For Banca Popolare Valconca, that core is BPVMIT2R.

XXX at the end of BPVMIT2RXXX is not a placeholder or an error: it stands for the head office of Banca Popolare Valconca. Some forms insist on 11 characters, and then you can add XXX behind BPVMIT2R.

Do not add spaces when you enter BPVMIT2R. Look out for O versus 0 or the letter I and the digit 1.

Sending money abroad from Banca Popolare Valconca

When you send money to another country from Banca Popolare Valconca, the fee you see is rarely all of the cost. There is the transfer fee, sometimes charges from correspondent banks in between and, most importantly, the margin on the exchange rate if the currency changes.

The real cost is often in the rate, rather than in the fee: many banks convert at a rate with a margin built in. A simple test: put the bank’s rate next to the mid-market rate for the same moment and look at the difference.

Money transfer services frequently offer rates closer to the mid-market rate with clearer fees. On GoldexPay we compare the amount that arrives across services, which makes the cheapest option easy to spot. You can always keep your account at Banca Popolare Valconca as the source of the money; only the conversion and sending happen elsewhere.

Getting paid from abroad into a Banca Popolare Valconca account

To receive an international payment into your account at Banca Popolare Valconca, the sender needs not just the BIC. The basics are: the account holder’s name, account number or IBAN, BPVMIT2RXXX or BPVMIT2R and, for some countries, your postal address.

The sender’s bank may request the bank address of Banca Popolare Valconca; the head office in Morciano di Romagna is usually fine. Check each detail before you send them – a sender rarely spots a mistake in someone else’s details.

Money from abroad will not always arrive for the full amount. Charges on incoming payments vary from bank to bank – the price list of Banca Popolare Valconca tells you what applies. On invoices, you can state how the fees are split.

Changed bank details? Be careful

A common scam works like this: you receive a message saying that a company has new bank details and asking you to pay there from now on. That BPVMIT2R is a real code is no guarantee that a request mentioning it is legitimate; criminals use the codes of real banks too.

Before paying, confirm a change of bank details by phone. Watch out for urgent requests, odd spelling or a sender address that is slightly off. If money has already gone to the wrong account, call your bank right away – speed improves the chance of getting it back.

Recipients are targeted too: a classic trick is a buyer who pays too much and then sends a request to send back the difference. A screenshot of a transfer proves nothing; only your own account shows what has arrived.