Banca Versilia Lunigiana e Garfagnana Credito Cooperativo SWIFT/BIC code

ICRAITR1 – the SWIFT/BIC code of Banca Versilia Lunigiana e Garfagnana Credito Cooperativo

The short code ICRAITR1 and the full code ICRAITR1K62 identify the same bank: Banca Versilia Lunigiana e Garfagnana Credito Cooperativo, with its head office in Borghetto di Vara. The code has a single purpose: it makes sure that a cross-border transfer reaches the right bank. It comes up mainly for transfers between countries and payments in foreign currencies.

On this page you will find how the code means, when you need it and what else you need for a transfer to or from Banca Versilia Lunigiana e Garfagnana Credito Cooperativo. The SWIFT code alone cannot identify a personal account; for that you need the IBAN or account number .

Protect yourself against fake payment requests

Be wary if a contact unexpectedly asks you to pay into a different account. A valid SWIFT code tells you nothing about who owns the account.

Check changed bank details through a different channel. Urgency or requests to keep it quiet are red flags; a genuine business can wait for you to check. If a payment was sent to the wrong account, contact your bank immediately – speed improves the chance of getting it back.

Recipients can be targeted as well: a classic trick is an overpayment followed by a request to refund the difference. Do not act before the money has really arrived and check with Banca Versilia Lunigiana e Garfagnana Credito Cooperativo if anything seems off.

About this information

The codes on this page come from publicly available data. Banks merge, change names and change codes. Figures such as the number of codes come from our directory.

For any payment that matters, always confirm the BIC with Banca Versilia Lunigiana e Garfagnana Credito Cooperativo or with the recipient. We are a comparison site for money transfers and not affiliated with Banca Versilia Lunigiana e Garfagnana Credito Cooperativo. Should you notice a mistake, we welcome a short note via the contact page.

When will the money arrive at Banca Versilia Lunigiana e Garfagnana Credito Cooperativo?

How fast a transfer reaches Banca Versilia Lunigiana e Garfagnana Credito Cooperativo depends on several factors: which currency you send, how many intermediary banks are involved, daily processing deadlines and differences in time zone. Payments made after the cut-off time or just before a weekend or public holiday usually start the next business day. Occasionally a bank asks what the payment is for before releasing it.

When a payment takes longer than expected, ask your bank about the tracking status and the transaction reference so they can trace it along the chain. Specialist transfer services often provide tracking online so you can see how far the money has got.

If a payment has not arrived within the expected time, the person who paid should start with their own bank rather than Banca Versilia Lunigiana e Garfagnana Credito Cooperativo. On the receiving end, it helps to check your statements for a partial amount, since fees may have been deducted.

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

When you send money to another country via Banca Versilia Lunigiana e Garfagnana Credito Cooperativo, the visible fee is rarely all of what you pay. Besides the transfer fee, correspondent or intermediary banks can take a cut, and when currencies are converted the bank usually applies a rate that is less favourable than the real market rate.

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

Money transfer services frequently offer rates closer to the mid-market rate with clearer fees. GoldexPay compares what recipients receive with different services, which makes the cheapest option easy to spot. Choosing a specialist does not require leaving Banca Versilia Lunigiana e Garfagnana Credito Cooperativo: you simply pay the service from your account.

Do you need ICRAITR1 for a SEPA transfer?

Within the SEPA zone, euro transfers to an account in Italy follow common rules, so the IBAN does the job in most cases. The BIC field is usually optional or missing in that case.

For anything other than euros and from non-SEPA countries, ICRAITR1K62 or ICRAITR1 remains part of the payment details. If a payment form asks for the BIC anyway, entering ICRAITR1 is fine.

Instant payments in euros have become widely available across SEPA – whether Banca Versilia Lunigiana e Garfagnana Credito Cooperativo offers them for your account is worth checking. Charges on SEPA payments are generally low as long as everything stays in euros.

Sending EUR to Banca Versilia Lunigiana e Garfagnana Credito Cooperativo

Italy uses the Euro. When you pay another currency, the amount gets converted at some point. There is rarely a separate line for that conversion; it is built into the rate.

Who does the conversion affects how much arrives. Often you pay less to send EUR directly through a transfer service that converts near the mid-market rate.

The EUR rate changes constantly, so the amount you see is usually only valid for a short time. For regular payments, small differences in the rate add up over time.

What the XXX in ICRAITR1K62 means

A BIC is made up of a few fixed parts: the first four letters stand for the bank, the next two give the country and the two after that indicate the location. For Banca Versilia Lunigiana e Garfagnana Credito Cooperativo, the 8-character core is ICRAITR1.

Many banks and apps work with either length. If a form asks for eleven characters, use ICRAITR1K62, otherwise ICRAITR1 is fine.

Do not add spaces or dashes when you enter ICRAITR1 or ICRAITR1K62. Pasting the code beats typing it by hand.

Choosing between the 17 SWIFT codes of Banca Versilia Lunigiana e Garfagnana Credito Cooperativo

Having 17 codes in 14 locations, Banca Versilia Lunigiana e Garfagnana Credito Cooperativo is one of the banks that use separate codes for parts of the organisation. The main code remains ICRAITR1K62.

If nobody asks you for a branch code, use ICRAITR1K62 or its short form ICRAITR1. A branch code only makes sense when the account holder explicitly mentions it, which is more common for corporate accounts and trade services.

If you are not sure, check with the recipient which code their bank gave them. Codes for branches are more likely to be retired than ICRAITR1K62 when a bank merges or closes offices.

Is ICRAITR1 still correct? How to check

The most reliable source for a SWIFT code is the recipient’s own bank details: an invoice, a bank statement or their online banking. Compare that code with ICRAITR1 here and ask if anything does not match.

With a wrong code, the transfer might be delayed, bounce back or cost extra – sometimes after weeks of searching. An error in the IBAN or account number can be a bigger problem.

A format check by your bank merely confirms that the code is valid. More and more banks check the payee name against the account – do not ignore a mismatch warning. For a first payment, many people send a small amount first.

Receiving money from abroad at Banca Versilia Lunigiana e Garfagnana Credito Cooperativo

For an international payment at Banca Versilia Lunigiana e Garfagnana Credito Cooperativo, the sender needs not just the SWIFT code. In practice that means: your full name as registered with Banca Versilia Lunigiana e Garfagnana Credito Cooperativo, your account number or IBAN, the SWIFT/BIC code ICRAITR1K62 and sometimes your postal address.

Their bank might request the address of your bank, in which case the Borghetto di Vara head office is the usual answer. Double-check every detail before you send them, because the sender’s bank usually copies them as is.

Money from abroad will not always land in full. Fees for incoming transfers vary per bank; check the price list of Banca Versilia Lunigiana e Garfagnana Credito Cooperativo. For business payments, it is common to state who bears the costs.