Banco Emiliano Cred.coop SWIFT/BIC code

ICRAITR1 – the SWIFT/BIC code of Banco Emiliano Cred.coop

ICRAITR1 and ICRAITR1HB8 are two ways of writing the same SWIFT/BIC code, and both lead to Banco Emiliano Cred.coop in Bagnolo In Piano. A SWIFT code tells every bank in the chain which institution should receive the money, much like a postcode for banks. You will need it mostly for payments that cross a border or a currency.

This page is meant to help anyone who sends money to an account at Banco Emiliano Cred.coop. The SWIFT code alone cannot identify an individual account holder; that is what the account number or IBAN is for.

How long does an international transfer to Banco Emiliano Cred.coop take?

How fast a payment arrives at Banco Emiliano Cred.coop depends on a few things: which currency you send, how many intermediary banks are involved, cut-off times and differences in time zone. Bank holidays in the sending or receiving country can add a day or more to the journey. Sometimes a bank wants to know about the purpose of a payment, which can hold things up.

A growing number of banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Each payment gets a unique transaction reference, the UETR. Save your transfer receipt until the recipient confirms.

The bank that sent the money is able to request a trace or a recall; the receiving side usually has nothing to trace yet. As a recipient, it helps to check your statements to see a slightly lower amount.

Receiving money from abroad at Banco Emiliano Cred.coop

A sender in another country will ask for a few details about your account, and missing ones are a common cause of delays. That means: your full name exactly as it appears on the account, your account number or IBAN, the BIC ICRAITR1HB8 and, often, your postal address.

You can add Banco Emiliano Cred.coop and Bagnolo In Piano as well, since some forms ask for it. Double-check the details before you share them.

Expect that the incoming amount is below the amount on the sender’s receipt. Charges on incoming payments vary per bank. Agree with the sender who pays which costs.

Paying into Banco Emiliano Cred.coop in EUR

Accounts at Banco Emiliano Cred.coop are usually held in EUR, the national currency of Italy. Money sent in a different currency will be exchanged into EUR, and whoever converts it chooses the rate. You rarely see a separate line for the conversion.

Who does the conversion has an effect on how much arrives. Transferring the money directly in EUR often avoids an extra conversion by Banco Emiliano Cred.coop – as long as your own rate is good.

Rates for EUR move during the day. With bigger transfers, a seemingly small gap in the rate adds up quickly.

8 or 11 characters: ICRAITR1 versus ICRAITR1HB8

Every SWIFT/BIC code has the same eight core characters: a four-letter bank code, two letters for the country and a two-character location code. In this case, that core is ICRAITR1.

XXX at the end of ICRAITR1HB8 is not a missing value or a mistake: it indicates the main office of Banco Emiliano Cred.coop. Some banking apps ask for 11 characters, in which case you can enter XXX after ICRAITR1.

Do not add spaces, dots when you type ICRAITR1 or ICRAITR1HB8. Copying the code beats retyping it: a typo can point to another bank.

Choosing between the 18 SWIFT codes of Banco Emiliano Cred.coop

Our database contains 18 SWIFT/BIC codes for Banco Emiliano Cred.coop. Next to the head office code ICRAITR1HB8, there are codes for branches, departments or specific services.

For the vast majority of incoming transfers, the head office code ICRAITR1HB8 is the right choice. Only use a branch code when the account holder explicitly asks for it, for example on an invoice or in their bank details.

The safest approach is to take the code straight from the account holder’s invoice. Codes are sometimes changed or retired when banks reorganise, so do not rely on old paperwork.

Euro transfers to Banco Emiliano Cred.coop: is a BIC needed?

Italy belongs to the SEPA area, the zone for standardised euro payments. When you send euros within SEPA, you normally only need the IBAN and the BIC is often filled in automatically.

You will still need ICRAITR1HB8 for payments in other currencies or money from outside the SEPA area. A few banks and apps still ask for the BIC; if so, fill in ICRAITR1 or ICRAITR1HB8.

Instant payments in euros have become increasingly supported within SEPA. Provided no currency is converted, a SEPA transfer tends to be inexpensive.

How to check ICRAITR1 before you pay

The most reliable place for the correct BIC is a document from the bank itself like a bank statement or the account page in online banking. Compare that code with ICRAITR1 here and ask if anything does not match.

An incorrect BIC may lead to a delay, a returned payment or extra fees for investigation. An error in the IBAN or account number can be a bigger problem because it can reach the wrong person; check it just as carefully.

A format check in your banking app merely tells you that the code exists, not that it is the right account. If your bank offers it, a name check on the recipient adds extra certainty. For a first payment, some people send a small test amount.

How up to date is this code?

We gather bank codes using public sources and check our list regularly. Even so, banks merge or change codes, so information can be out of date. Figures such as the number of codes come from our own dataset and may differ from what Banco Emiliano Cred.coop publishes.

Treat this page as a reference, not as the final word: the recipient’s bank details come first. GoldexPay is not affiliated with Banco Emiliano Cred.coop, we only compare transfer services. If you notice something that is out of date, we welcome a short note.

International transfers from Banco Emiliano Cred.coop: the real cost

An international bank payment can cost more than the fee suggests. On top of a fixed fee, correspondent or intermediary banks can take a cut, and if the money changes currency, the bank often applies a rate that is less favourable than the real market rate.

Banks do not list their exchange rate markup as a cost, but you pay it all the same. Check the rate you are offered against the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

For a lot of currency pairs, a specialist provider is cheaper than a traditional bank transfer – mostly thanks to the rate. GoldexPay compares transfer providers next to each other so you can see the amount the recipient gets before you commit. You can still use your account at Banco Emiliano Cred.coop to fund the transfer.

Changed bank details? Be careful

Be alert when someone suddenly wants you to send money to another account. That ICRAITR1 is a real code does not mean that a request mentioning it is genuine.

Before paying, verify a change of bank details through a phone call. Urgency or requests to keep it quiet tend to be red flags; a genuine business can wait for you to check. Already paid? Call the bank you paid from without delay and have them try to recall the payment.

Fraud also target the receiver. Someone claims to have sent more than agreed and wants you to return the extra. A payment confirmation from the sender proves nothing – check your own account.