Banca Versilia Lunigiana e Garfagnana Credito SWIFT/BIC code

SWIFT/BIC code of Banca Versilia Lunigiana e Garfagnana Credito

Whether a recipient gives you ICRAITR1 or ICRAITR1K6I, you are looking at the identical address for Banca Versilia Lunigiana e Garfagnana Credito in Italy. A BIC has a single purpose: it ensures that money from abroad reaches the right bank. In practice you mostly come across it on international invoices, in your banking app and on the account details that Banca Versilia Lunigiana e Garfagnana Credito provides.

On this page you will find how the code means, when it matters and what else a transfer to or from Banca Versilia Lunigiana e Garfagnana Credito requires. Remember that the SWIFT code only identifies the bank, not the person: the IBAN or account number does that part.

How long does an international transfer to Banca Versilia Lunigiana e Garfagnana Credito take?

There is no fixed delivery time for international payments: many arrive within a day while others need several business days. Payments made late in the day or on weekends and holidays often start a business day later. Occasionally a bank wants to know what the payment is for before releasing it.

A growing number of banks are connected to SWIFT gpi for faster and traceable payments. Every gpi transfer carries a unique reference, the UETR that banks can use to trace it. Specialist transfer services usually provide a status online showing how far the payment is.

If the money does not arrive within the expected time, the sender needs to start with the bank that sent it. Ask the sender for the payment receipt with the date and reference – it helps your own bank look for the money.

SEPA payments and the Banca Versilia Lunigiana e Garfagnana Credito BIC

Within the SEPA zone, euro payments to an account in Italy follow common rules, so the IBAN does the job in most cases. A field for the BIC is usually optional or missing for those payments.

Outside the euro and for senders outside SEPA, ICRAITR1K6I or ICRAITR1 is still part of the payment details. If your banking app asks for the BIC anyway, adding ICRAITR1 is fine.

Instant euro transfers are increasingly supported within SEPA. Fees for SEPA payments tend to be low.

Scams that use SWIFT codes

Fraudsters often use payment requests with changed bank details, sometimes in an email that looks completely genuine. A real SWIFT code says nothing about who owns the account – scammers simply use real codes.

Do not rely on a phone number from the same email that announces the new account. Be suspicious of urgent requests, unusual wording or a sender address that is slightly off. Already paid? Contact the bank you paid from without delay and ask them to try to recall the payment.

Recipients are targeted too: a classic trick is a buyer who pays too much and then sends a request to refund the difference to another account. A screenshot of a transfer is no proof – check your own account.

Banca Versilia Lunigiana e Garfagnana Credito: head office code versus branch codes

With 5 codes, Banca Versilia Lunigiana e Garfagnana Credito is one of the banks that register individual codes for parts of the organisation. The head office code remains ICRAITR1K6I.

For the vast majority of incoming transfers, the head office code ICRAITR1K6I works fine. Only use a branch code when the recipient gives you that exact code.

Not sure which code applies? Ask the recipient, or look at a recent statement from Banca Versilia Lunigiana e Garfagnana Credito. Branch codes can change when banks reorganise, so a code from an old document is not always valid.

Why Banca Versilia Lunigiana e Garfagnana Credito has an 8- and an 11-character code

The layout 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. The result is ICRAITR1, the short form of the code.

The full version adds three more characters that identify a branch or department. When those three characters are XXX, they simply mean the head office, so ICRAITR1K6I and ICRAITR1 are interchangeable.

Leave out spaces, dots when you enter ICRAITR1 or ICRAITR1K6I. A wrong letter may route the money to a different institution, so check it twice.

Getting paid from abroad into a Banca Versilia Lunigiana e Garfagnana Credito account

If you are waiting for a payment from another country, give the sender all details at once. What they need is: the account holder’s name, IBAN or account number, ICRAITR1K6I and, for some countries, your home address.

Their bank might request the address of your bank; the head office in Castelnuovo di Garfagnana is usually fine. Double-check the details before you share them, because the sender’s bank usually copies them as is.

The amount you receive is often less than the amount sent. Intermediary banks may deduct a fee, and when currencies differ, an exchange rate margin comes on top. On invoices, it is common to state how the fees are split, so that nobody is left short.

About this information

The details on this page are taken from publicly available data that we update regularly. Banks merge, change names and retire codes, and a directory never catches every change immediately. The figures we show are based on our own data and not on information from Banca Versilia Lunigiana e Garfagnana Credito itself.

Treat the information here as a helpful check. We are an independent comparison service for money transfers and not part of Banca Versilia Lunigiana e Garfagnana Credito. Should you notice a mistake, we appreciate a message via the contact page.

The Euro and what conversion costs you

Most accounts at Banca Versilia Lunigiana e Garfagnana Credito are usually held in EUR, the local currency of Italy. Money sent in a different currency will be converted into EUR before it reaches the account, and whoever converts it chooses the rate. You rarely see a separate line for that conversion; it is built into the rate.

Who converts the payment makes a difference. Often you pay less to send EUR directly through a provider that converts near the mid-market rate rather than letting the receiving bank convert.

The rate for EUR fluctuates constantly and quotes are often valid only for a short time. With bigger transfers, even small difference in the rate adds up quickly.

Paying someone abroad from your Banca Versilia Lunigiana e Garfagnana Credito account

What you pay for a payment abroad is made up of several parts – not just the fee on your screen. There is the transfer fee, sometimes fees charged by intermediary banks along the way and, most importantly, the exchange rate markup if the currency changes.

The real cost is often in the rate: many banks convert at a rate that includes a margin. Check the rate you are offered with the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

For many routes, a specialist provider turns out to be cheaper than a bank, mainly because of the exchange rate. On GoldexPay you can compare the amount that arrives with different providers, so you can pick the cheapest route. You can still use your account at Banca Versilia Lunigiana e Garfagnana Credito, while a cheaper service handles the conversion.

Verifying the SWIFT code of Banca Versilia Lunigiana e Garfagnana Credito

Have the recipient copy their account details directly from their online banking. Compare it against ICRAITR1 here and ask if anything does not match.

Errors in the SWIFT code tend to be costly more than disastrous – usually the money comes back, minus fees and time lost. A mistake in the IBAN or account number can be a bigger problem; check it just as carefully.

Most online banking apps check the structure of an IBAN and sometimes look up the BIC automatically – that confirms the format, not the owner. More and more banks compare the payee name with the account; take any warning seriously. For a first payment, some people send a small test amount and wait for confirmation.