Banco Emiliano Cred.coop. SWIFT/BIC code

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

ICRAITR1 and ICRAITR1HB1 are two ways of writing the same bank identifier, and both point to Banco Emiliano Cred.coop. in Formigine. Banks worldwide use BIC codes to direct payments between countries to the right bank. In daily life you mostly see the code on international invoices, in payment forms and in the bank details that Banco Emiliano Cred.coop. provides.

This page is meant to help people who sends money to an account at Banco Emiliano Cred.coop. and wants to get the details right. Remember that the SWIFT code just identifies the bank, not the person: the IBAN or account number does that part.

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

Because Italy is part of SEPA, a euro payment to Banco Emiliano Cred.coop. from another SEPA country usually requires just an IBAN. Many banks do not require the BIC in that case.

You still need ICRAITR1HB1 for payments in other currencies or money from outside the SEPA area. If your banking app asks for the BIC anyway, entering ICRAITR1 does no harm.

Instant euro transfers have become widely supported across SEPA – whether Banco Emiliano Cred.coop. offers them for your account is worth checking. Provided the payment stays in euros, a SEPA transfer tends to be inexpensive.

Watch out for payment fraud

Stay wary if someone suddenly wants you to pay into another account abroad. A real SWIFT code says nothing about who owns the account.

Do not rely on contact details from the same email that contains the new account. Watch out for time pressure, unusual wording or an email address that differs by one letter. Already paid? Call the bank you paid from without delay and have them start a recall and report the fraud.

People receiving money are targeted too: one known trick is a buyer who pays too much followed by a request to refund the difference to another account. A payment confirmation from the sender proves nothing.

Paying someone abroad from your Banco Emiliano Cred.coop. account

An international bank payment costs rather more than the fee suggests. Besides the transfer fee, banks in between may take a cut, and if the money changes currency, 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: many banks convert at a rate that includes a margin. Compare the rate you are offered with the mid-market rate.

Specialist money transfer services often use rates closer to the mid-market rate. GoldexPay compares the amount that arrives across providers, so you can pick the cheapest route. Choosing a specialist does not require closing your account at Banco Emiliano Cred.coop.: you simply pay the service from your account.

Where our SWIFT data comes from

This directory draws on publicly available sources. It can happen that a code on this page is out of date after a merger or reorganisation. The number of codes on this page are based on what is in our directory, not official figures from Banco Emiliano Cred.coop..

Treat our data as a reference, not as the last word: the recipient’s bank details come first. GoldexPay is independent of Banco Emiliano Cred.coop.. Spotted outdated information? Let us know through the contact page so we can correct it.

Before you send: check the Banco Emiliano Cred.coop. code

Ask the recipient to copy the bank details directly from their online banking. If the code you have does not match ICRAITR1 or ICRAITR1HB1, do not guess: check with the recipient or with Banco Emiliano Cred.coop. directly.

If the code is wrong, the transfer may get stuck, bounce back or end up costing more, and tracing it can take weeks. Remember the IBAN: a mistake there can be more difficult to undo than a wrong BIC.

Most online banking apps validate the structure of IBANs and sometimes look up the BIC automatically, but that does not prove the account belongs to the right person. Where available, a payee name check before sending adds extra certainty. When you pay someone new, some people start with a small amount first.

Choosing between the 3 SWIFT codes of Banco Emiliano Cred.coop.

Our directory lists 3 SWIFT/BIC codes for Banco Emiliano Cred.coop. in 3 cities. Besides the head office code ICRAITR1HB1, there are codes for branches, departments or specific services.

In most cases you do not need to look up a branch: transfers sent to ICRAITR1HB1 reach Banco Emiliano Cred.coop. correctly. A branch code only makes sense when the recipient’s bank specifically mentions it.

Unsure which code to use? Ask the recipient. Branch codes are more likely to be retired than ICRAITR1HB1 when a bank merges or closes offices.

Tracking a transfer to or from Banco Emiliano Cred.coop.

How fast a transfer reaches Banco Emiliano Cred.coop. is determined by several factors: the currency, the number of banks in between, daily processing deadlines and differences in time zone. Payments made late in the day or just before a weekend or public holiday often go out the next business day. Compliance checks on larger or unusual payments may also add some delay.

A growing number of banks are connected to SWIFT gpi. Each gpi transfer carries a unique transaction reference, the UETR that banks can use to trace it. Keep your transfer receipt until the recipient confirms – you will need it for any trace request.

If a payment has not arrived after a few business days, the person who paid should contact the bank that sent it, not the receiving bank. On the receiving end, you can check your account for a slightly lower amount, since fees may have been deducted.

What the XXX in ICRAITR1HB1 means

Each SWIFT/BIC code has an 8-character core: four letters for the bank, a two-letter country code and a two-character location code. Combined, these eight characters make up ICRAITR1.

The long version adds three more characters that identify a branch or department. If the last three are XXX, they simply mean the head office.

Leave out spaces when you type ICRAITR1. A single letter may route a payment to another bank, so check it twice.

Incoming international payments to Banco Emiliano Cred.coop.

To receive a transfer from abroad into your account at Banco Emiliano Cred.coop., the sender needs not just the BIC. Share the account holder’s name, the IBAN or account number, the BIC ICRAITR1HB1 and your address.

Certain banks also ask for the bank’s address in Formigine; it does no harm to include it. A mistake in your account number can be more trouble than you might think, so copy the details from your online banking.

What lands in your account can be less than what was sent. Charges on incoming payments vary from bank to bank – the price list of Banco Emiliano Cred.coop. tells you what applies. Make clear with the sender who covers the fees.

Sending EUR to Banco Emiliano Cred.coop.

Italy pays in the Euro, with the currency code EUR. A payment in a foreign currency will be converted into EUR on its way to Banco Emiliano Cred.coop., and whoever converts it chooses the rate. Each conversion eats into the amount – usually through the rate rather than a fee.

Which bank converts the money makes a difference. Compare what EUR arrives with several services; the difference between options can be larger than you expect.

Rates for EUR change during the day, and some providers let you lock in a rate. On larger amounts, even small difference in the rate can be worth more than the fee.