Banca Valdichiana Credito Cooperativo di Chiusi e Montepulciano SWIFT/BIC code

SWIFT/BIC code of Banca Valdichiana Credito Cooperativo di Chiusi e Montepulciano

ICRAITR1 and ICRAITR1DLD are two ways of writing the same bank identifier, and both lead to Banca Valdichiana Credito Cooperativo di Chiusi e Montepulciano in Arezzo. Every bank on the SWIFT network uses BIC codes to route payments between countries to the correct institution. In practice you usually come across the code on invoices from abroad, in your banking app and on the account details of Banca Valdichiana Credito Cooperativo di Chiusi e Montepulciano customers.

On this page we explain how the code is put together, when you need it and which other details you need for a transfer to or from Banca Valdichiana Credito Cooperativo di Chiusi e Montepulciano. The SWIFT code alone cannot identify a personal account; that is what the account number or IBAN is for.

Which of the 15 codes of Banca Valdichiana Credito Cooperativo di Chiusi e Montepulciano do you need?

Having 15 codes, Banca Valdichiana Credito Cooperativo di Chiusi e Montepulciano is one of the banks that register individual codes for parts of the organisation. The main code remains ICRAITR1DLD.

Usually you do not need to look up a branch: transfers addressed to ICRAITR1DLD reach Banca Valdichiana Credito Cooperativo di Chiusi e Montepulciano correctly. A branch code only makes sense when the account holder specifically mentions it.

The safest approach is to take the code directly from the recipient’s bank details. Branch codes can change over time.

Before you send: check the Banca Valdichiana Credito Cooperativo di Chiusi e Montepulciano code

Ask the recipient to send you their bank details directly from their online banking. Compare that code with ICRAITR1 on this page.

With a wrong code, the transfer might get stuck, be returned or end up costing more. Do not forget the account number: an error there is more difficult to undo than a wrong BIC.

A validity check by your bank merely tells you that the IBAN is valid, not that it is the right account. More and more banks check the name against the account before you confirm. For a first payment, some people start with a small amount first and wait for confirmation.

Sending money abroad from Banca Valdichiana Credito Cooperativo di Chiusi e Montepulciano

An international bank payment costs more than the listed fee. Besides a fixed fee, correspondent or intermediary banks may take a cut, and when the money changes currency, the bank usually uses a rate below the real market rate.

The real cost is often in the rate, not in the fee: many banks convert at a rate with a margin built in. An easy check: set the rate you get against the mid-market rate and look at the difference.

For a lot of currency pairs, a transfer service turns out to be less expensive than a traditional bank transfer – mostly thanks to the rate. GoldexPay lists transfer providers side by side, showing the amount the recipient gets for the same amount sent. Using a transfer service does not require leaving Banca Valdichiana Credito Cooperativo di Chiusi e Montepulciano: you simply pay the service from your account.

Do you need ICRAITR1 for a SEPA transfer?

Inside SEPA, euro transfers to Banca Valdichiana Credito Cooperativo di Chiusi e Montepulciano follow the same rules and in most cases need only the IBAN. A field for the BIC is often optional for those payments.

Outside the euro and for senders outside SEPA, ICRAITR1DLD remains required. A few banks and apps also show a field for the BIC out of habit; in that case, enter ICRAITR1.

SEPA transfers normally land within one business day; instant payments are faster if both banks offer them. Fees for SEPA payments tend to be low as long as everything stays in euros.

A note on our data

We collect SWIFT/BIC codes using public sources and update them from time to time. Even so, banks merge, rename themselves or retire codes and our data may lag behind. Counts and locations come from our directory and may differ from what Banca Valdichiana Credito Cooperativo di Chiusi e Montepulciano publishes.

Treat this page as a starting point, not as the last word – the bank details from the recipient are leading. We are a comparison service and not part of Banca Valdichiana Credito Cooperativo di Chiusi e Montepulciano. Found outdated information? Tell us via our contact form and we will look into it.

The Euro and what conversion costs you

Accounts at Banca Valdichiana Credito Cooperativo di Chiusi e Montepulciano are typically held in EUR, the national currency of Italy. If you send money in a different currency, the amount has to be converted at some point – by your bank, by Banca Valdichiana Credito Cooperativo di Chiusi e Montepulciano or by a bank in between. Every conversion costs something.

Who does the conversion has an effect on the final amount, as rates and margins differ per bank. Compare how much EUR arrives with several providers; the difference between options can be larger than you expect.

Rates for EUR move all the time – some services let you fix a rate in advance. For regular payments, a slightly better rate make a real difference over time.

Watch out for payment fraud

Stay wary when someone suddenly asks you to send money to another account. The fact that ICRAITR1 exists is no guarantee that a request mentioning it is genuine – fraudsters use real bank codes as well.

Do not rely on a phone number in the same message that announces the new account. Watch out for urgent requests, unusual wording or a sender address that is slightly off. Acted too fast? Contact the bank you paid from straight away and ask them to start a recall.

People receiving money are targeted too: one known trick is a buyer who pays too much followed by a request to send back the difference. A screenshot of a transfer proves nothing – check your own account.

Getting paid from abroad into a Banca Valdichiana Credito Cooperativo di Chiusi e Montepulciano account

When you are waiting for money from abroad, send the payer everything they need in one go. Give them the account holder’s name, the IBAN or account number, SWIFT code ICRAITR1DLD and your address, which some banks require.

The sender’s bank may also ask for the address of your bank; the head office in Arezzo is usually fine. A mistake in the IBAN is more trouble than it looks.

An incoming payment does not always arrive for the full amount. Fees for incoming transfers vary per bank. For business payments, it is common to agree how the fees are split, so that nobody is left short.

Tracking a transfer to or from Banca Valdichiana Credito Cooperativo di Chiusi e Montepulciano

There is no fixed delivery time: many land within a day. Bank holidays in the sending or receiving country can add extra days to the journey. Sometimes a bank wants to know what the payment is for before releasing it.

When a payment takes longer than expected, ask the sending bank for the tracking status so they can trace it along the chain. Specialist transfer services often provide a status online so you can see how far the payment is.

If the money does not arrive within the expected time, the sender needs to contact their own bank, not the receiving bank. On the receiving end, you can look at your account for a slightly lower amount.

ICRAITR1 or ICRAITR1DLD – which one to use?

The structure of a BIC never changes: four characters for the institution, a two-letter country code and two for the location, sometimes followed by a branch code. In this case, the 8-character core is ICRAITR1.

The long version has a three-character extension that identify a branch or department. When those three characters are XXX, they simply mean the head office.

Leave out spaces, dots when you type ICRAITR1 or ICRAITR1DLD. A single character can send a payment to a different institution, so copy it carefully.