Banca San Francesco Credito Cooperativo Soc.coop. SWIFT/BIC code

What ICRAITR1 means for a payment to Banca San Francesco Credito Cooperativo Soc.coop.

Whether a recipient gives you ICRAITR1 or ICRAITR1QX2, it is the identical address for Banca San Francesco Credito Cooperativo Soc.coop. in Italy. Every bank on the SWIFT network uses these codes to direct international transfers to the right institution. You will need it mostly for transfers between countries.

Further down you will find the practical questions: money coming in from abroad, paying someone in another country and how to check a SWIFT code before you hit send. The BIC names an institution, not a specific account, which is why you always need the account number too.

What the XXX in ICRAITR1QX2 means

Every SWIFT/BIC code starts with the same eight core characters: a four-letter bank code, a two-letter country code and two characters for the location. The result is ICRAITR1, the short form of the code.

Many banks and apps work with both lengths. If a form asks for eleven characters, enter ICRAITR1QX2; if it wants eight, use ICRAITR1.

Leave out spaces when you type ICRAITR1. Watch for O versus 0 or I versus 1, a common source of typos.

SEPA payments and the Banca San Francesco Credito Cooperativo Soc.coop. BIC

Because Italy is in SEPA, a euro transfer into Banca San Francesco Credito Cooperativo Soc.coop. from within the SEPA area usually requires just the IBAN. Most banking apps no longer ask for the BIC in that case or fill it in for you.

The BIC does come into play when the currency is not euros and when the money comes from outside SEPA. Some banks and apps also ask for the BIC out of habit; in that case, enter ICRAITR1 or ICRAITR1QX2.

SEPA transfers normally land by the next business day. Provided no currency is converted, the transfer tends to be inexpensive; costs rise once a conversion is involved.

Changed bank details? Be careful

Fraudsters often send fake invoices with new bank details, sometimes in an email that looks completely genuine. That ICRAITR1 is a real code does not mean that the account is genuine; criminals use the codes of real banks too.

Do not rely on contact details from the same email that contains the change. Pressure or requests to keep it quiet are red flags. When a payment was sent to the wrong account, contact your bank immediately.

Fraud can also work the other way. Someone sends more than agreed and wants you to refund the extra. Do not act before the money is actually in your account and check with Banca San Francesco Credito Cooperativo Soc.coop. if anything seems off.

Getting paid from abroad into a Banca San Francesco Credito Cooperativo Soc.coop. account

When you expect money from abroad, give the sender everything they need in one go. In practice that means: your name exactly as it appears on the account, your IBAN or account number, the BIC ICRAITR1QX2 and sometimes your postal address.

It helps to include the bank name and Acireale as well, because some payment forms have separate fields for them. A mistake in your account number is harder to fix than it looks, so copy the details from your online banking.

Expect that the incoming amount is smaller than what the sender paid. Fees for incoming transfers differ from bank to bank. On invoices, you can state who bears the costs, so that nobody is left short.

How up to date is this code?

We collect bank codes from public sources and check them from time to time. It is possible that a code on this page is no longer current after a merger or reorganisation. The figures on this page are based on our own data, not official figures from Banca San Francesco Credito Cooperativo Soc.coop..

For any payment of any size, always confirm the code with the recipient’s bank or with the recipient. We are a comparison site and not part of Banca San Francesco Credito Cooperativo Soc.coop.. Found outdated information? Let us know through the contact page so we can correct it.

When will the money arrive at Banca San Francesco Credito Cooperativo Soc.coop.?

There is no fixed delivery time: some arrive the same day or the next. Payments made late in the day or on weekends and holidays usually go out a business day later. Occasionally a bank wants to know what the payment is for before releasing it.

Many banks are connected to SWIFT gpi for faster and traceable payments. Every gpi transfer carries a unique reference, the UETR. Specialist transfer services often provide tracking online so you can see how far the payment is.

If a payment has not arrived after a few business days, the person who paid should contact the bank that sent it, not the receiving bank. On the receiving end, it helps to check your statements for a partial amount because fees can reduce the amount.

Head office or branch code at Banca San Francesco Credito Cooperativo Soc.coop.?

With 14 codes in 12 cities, Banca San Francesco Credito Cooperativo Soc.coop. belongs to the banks that use separate codes for parts of the organisation and departments. The main code is ICRAITR1QX2.

Unless the recipient tells you otherwise, go with ICRAITR1QX2 or its short form ICRAITR1. A branch code only makes sense when the account holder specifically mentions it, which is more common for business accounts and trade services.

If you are not sure, ask the person you are paying which code their bank gave them. Codes can change over time.

Before you send: check the Banca San Francesco Credito Cooperativo Soc.coop. code

The most reliable source for a SWIFT code is the recipient’s own bank details. When the code you were given differs from ICRAITR1 or ICRAITR1QX2, do not guess.

Mistakes in the SWIFT code are annoying more than fatal: often the payment comes back, minus fees. Do not forget the IBAN: an error there is more difficult to correct than a wrong code.

An automatic check in your banking app only tells you that the code is valid. Some banks now compare the payee name against the account before you confirm. When you pay someone new, some people send a small amount first before sending the rest.

International transfers from Banca San Francesco Credito Cooperativo Soc.coop.: the real cost

When you send money to another country via Banca San Francesco Credito Cooperativo Soc.coop., the fee you see is only part of what you pay. You pay the fee for the transfer itself, sometimes fees charged by intermediary banks along the way and, most importantly, the exchange rate markup when the money is converted.

Many banks do not list the margin on the rate separately. A simple test: put the bank’s rate against the mid-market rate and work out the difference on your amount.

For many currency pairs, a specialist provider is less expensive than a traditional bank transfer – mostly thanks to the rate. Next time you send money, it is worth to compare what arrives via GoldexPay. You can still use your account at Banca San Francesco Credito Cooperativo Soc.coop. to fund the transfer.

The Euro and what conversion costs you

Most accounts at Banca San Francesco Credito Cooperativo Soc.coop. are usually held in EUR, the national currency. Money sent in a different currency will be exchanged into EUR – and the bank that does it picks the rate. You rarely see a separate charge for that conversion; it is built into the rate.

Who converts the money matters. Transferring the amount already in EUR usually avoids an extra conversion at the receiving end.

Exchange rates move all the time – some services let you fix a rate in advance. If you pay regularly, small differences in the rate add up over a year.