Banca Valsabbina S.c.p.a. SWIFT/BIC code

What BCVAIT2V means for a payment to Banca Valsabbina S.c.p.a.

The short code BCVAIT2V and the full code BCVAIT2VXXX refer to one and the same institution: Banca Valsabbina S.c.p.a., with its head office in Vestone. A BIC has a single purpose: it makes sure that money from abroad ends up at the right bank. In daily life you usually come across the code on international invoices, in payment forms and in the bank details that Banca Valsabbina S.c.p.a. provides.

We wrote this page to help people who pays into an account at Banca Valsabbina S.c.p.a. and wants to get the details right. The BIC identifies an institution, never a single account.

Head office or branch code at Banca Valsabbina S.c.p.a.?

Our directory lists 73 SWIFT/BIC codes for Banca Valsabbina S.c.p.a. in 59 places. Besides the head office code BCVAIT2VXXX, there are codes for individual branches and departments.

For most payments to a private or business account, the head office code BCVAIT2VXXX is what you need. Just use a branch code when the recipient gives you that exact code, for example on an invoice or in their bank details.

When in doubt, check with the recipient for the exact BIC in their bank details. Branch codes can change when banks reorganise, so a code from an old document is not always valid.

Scams that use SWIFT codes

A common scam works like this: an email arrives with a message claiming that a company has a new bank account. The fact that BCVAIT2V exists is no guarantee that a request mentioning it is legitimate; criminals use the codes of real banks too.

Always verify changed bank details by phone. Be suspicious of urgent requests, odd spelling or a sender address that is slightly off. If money has already gone to a fraudster, contact your bank immediately: the sooner they act, the better the chance of a recall.

Fraud can also work the other way. Someone claims to have sent too much and asks you to refund the difference. Do not act before the money has really arrived.

Transfer times and tracking a payment to Banca Valsabbina S.c.p.a.

How fast a transfer reaches Banca Valsabbina S.c.p.a. depends on a few things: which currency you send, how many intermediary banks are involved, cut-off times and differences in time zone. Payments made after the cut-off time or on weekends and holidays usually start a business day later. Sometimes a bank wants to know about the purpose of a payment before releasing it.

A growing number of banks use SWIFT gpi, which lets them follow a payment from bank to bank. Each gpi transfer gets a unique reference, the UETR that banks can use to trace it. Specialist transfer services often show tracking online showing how far the payment has got.

If a payment has not arrived after a few business days, the person who paid needs to start with the bank that sent it, not the receiving bank. On the receiving end, it helps to look at your account for a partial amount because fees can reduce the amount.

Euro (EUR) and conversion costs

Most accounts at Banca Valsabbina S.c.p.a. are usually held in EUR, the local currency of Italy. Money sent in a different currency will be exchanged into EUR before it reaches the account, and whoever converts it chooses the rate. There is rarely a separate charge for that conversion; it is built into the rate.

Who does the conversion affects how much arrives, as rates and margins differ per bank. In many cases it is cheaper if you send EUR directly via a transfer service with a good rate.

The rate for EUR fluctuates constantly and quotes are often valid only for a short time. If you pay regularly, small differences in the rate add up over a year.

Before you send: check the Banca Valsabbina S.c.p.a. code

The most reliable source for the BIC is the recipient’s own bank details: an invoice, a bank statement or their online banking. When the code you were given differs from BCVAIT2V or BCVAIT2VXXX, stop and ask – contact the recipient or Banca Valsabbina S.c.p.a..

With a wrong code, the payment might be delayed, bounce back or cost extra – sometimes after weeks of searching. A mistake in the account number can be a bigger problem, because the money may be credited to someone else.

An automatic check in your banking app merely tells you that the code exists – not that it belongs to the person you mean to pay. More and more banks check the payee name with the account before you confirm. A small test payment is worth it for large sums.

What the XXX in BCVAIT2VXXX means

The layout of every SWIFT code never changes: a bank code of four letters, two for the country and two for the location, sometimes followed by a branch code. For Banca Valsabbina S.c.p.a., the 8-character core is BCVAIT2V.

Most payment forms work with both lengths. If a form asks for eleven characters, use BCVAIT2VXXX; if it wants eight, use BCVAIT2V.

Do not add spaces, dots when you type BCVAIT2V. A single letter can send the money to another bank.

About this information

Our SWIFT/BIC directory is compiled from publicly available sources. Even so, banks merge or retire codes. The figures on this page are based on our own data.

Before a payment that matters, always confirm the code with the recipient’s bank or with the recipient. GoldexPay is not affiliated with Banca Valsabbina S.c.p.a.. Spotted outdated information? Let us know via our contact form and we will look into it.

Getting paid from abroad into a Banca Valsabbina S.c.p.a. account

Someone abroad who wants to pay you needs several details from you. That means: your full name as registered with Banca Valsabbina S.c.p.a., your account number or IBAN, the BIC BCVAIT2VXXX and usually your postal address.

You can add the bank name and Vestone too, since some forms ask for it. A mistake in your account number can be more trouble than you might think, so copy the details from your online banking.

Expect that the amount credited is smaller than the amount on the sender’s receipt. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the currency changes, an exchange rate margin comes on top. On invoices, you can agree who bears the costs.

Paying someone abroad from your Banca Valsabbina S.c.p.a. account

The price of an international transfer is made up of several parts – not just the fee on your screen. You pay the fee for the transfer itself, sometimes charges from correspondent banks along the way and, above all, the exchange rate markup if the currency changes.

Most of the cost usually sits in the exchange rate, rather than in the fee: the bank converts at a rate with a margin built in. Compare their rate against the mid-market rate – the rate you find on financial news sites.

Money transfer services often use a rate near the mid-market rate and lower fees. On GoldexPay we compare the amount that arrives with different providers. Using a transfer service does not require closing your account at Banca Valsabbina S.c.p.a. – you pay the provider from your own account.

SEPA payments and the Banca Valsabbina S.c.p.a. BIC

Inside SEPA, euro payments to an account in Italy use common rules. A field for the BIC is usually optional or missing in that case.

A SWIFT code like BCVAIT2V does come into play for payments in other currencies and when the money comes from outside SEPA. A few banks and apps still show a field for the BIC; if so, fill in BCVAIT2V.

Instant payments in euros are widely supported within SEPA. As long as no currency is converted, a SEPA transfer tends to be cheap; costs rise once a conversion is involved.