Cassa Padana Banca di Credito Cooperativo Soc. Coop. SWIFT/BIC code

Cassa Padana Banca di Credito Cooperativo Soc. Coop. SWIFT code: ICRAITR1

ICRAITR1 and ICRAITR19GM are two ways of writing the same bank identifier, and both lead to Cassa Padana Banca di Credito Cooperativo Soc. Coop. in Leno. Every bank on the SWIFT network uses BIC codes to route payments between countries to the correct institution. You will need it mostly for payments that cross a border.

On this page you will find how the code means, when it matters and what else a transfer to or from Cassa Padana Banca di Credito Cooperativo Soc. Coop. requires. Remember that the BIC only identifies the bank, not the person: the account number or IBAN takes care of that.

Do you need ICRAITR1 for a SEPA transfer?

Italy is a member of the Single Euro Payments Area (SEPA), where euro transfers follow common rules. For a regular euro transfer within SEPA, you normally only need the IBAN.

You still need ICRAITR19GM when sending non-euro payments or money from outside the SEPA area. If a payment form has a field for the BIC anyway, entering ICRAITR1 is fine.

Euro payments within SEPA usually arrive by the next business day. Fees for SEPA transfers tend to be low.

Where our SWIFT data comes from

The directory on GoldexPay is based on publicly available sources and we update it periodically. Institutions merge, change names and retire codes – a directory can be a step behind. Counts and locations come from our own dataset and may differ from what Cassa Padana Banca di Credito Cooperativo Soc. Coop. publishes.

For a payment of any size, confirm the BIC with the recipient’s bank or with the recipient. We are an independent comparison service and not affiliated with Cassa Padana Banca di Credito Cooperativo Soc. Coop.. If you notice something that is out of date, we appreciate a short note via the contact page.

Is ICRAITR1 still correct? How to check

The most reliable source for the BIC is the recipient’s own bank details. When the code you were given does not match ICRAITR1 or ICRAITR19GM, stop and ask – contact the recipient or Cassa Padana Banca di Credito Cooperativo Soc. Coop..

Mistakes in the SWIFT code tend to be costly rather than fatal: often the payment comes back, minus fees. Remember the account number: a mistake there is more difficult to correct than a wrong code.

Many banking apps validate the structure of an IBAN and sometimes look up the BIC automatically. More and more banks check the name against the account before you confirm; take any warning seriously. A small test payment can be a sensible step for a large first payment, even if it costs an extra fee.

Watch out for payment fraud

A common scam goes like this: you receive a request claiming that a supplier now has a new bank account and that the next payment should go there. A real SWIFT code says nothing about who owns the account.

Always confirm changed bank details through a phone call, using a number you already had. Be suspicious of urgent requests, unusual wording or an email address that differs by one letter. Acted too fast? Contact the bank you paid from without delay and have them try to recall the payment 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 send back the difference abroad. Wait until the money has really arrived.

What to give a sender who pays you at Cassa Padana Banca di Credito Cooperativo Soc. Coop.

If you expect a payment from another country, give the sender a complete set of details. That means: your name as registered with Cassa Padana Banca di Credito Cooperativo Soc. Coop., your account number or IBAN, the SWIFT/BIC code ICRAITR19GM and, often, your postal address.

You can add the bank name and its city too. A mistake in the IBAN is more trouble than it looks; copy them from your banking app rather than typing.

Expect that the incoming amount is below the amount on the sender’s receipt. Intermediary banks may deduct a fee, and when currencies differ, an exchange rate margin applies. For business payments, you can state how the fees are split to avoid a shortfall.

How long does an international transfer to Cassa Padana Banca di Credito Cooperativo Soc. Coop. take?

An international transfer usually needs anywhere from one to several business days. Weekends and public holidays in the sending or receiving country add extra days. Compliance checks on larger or unusual payments may also add some delay, regardless of the details.

Many banks are connected to SWIFT gpi for faster and traceable payments. Every gpi transfer carries a unique transaction reference, the UETR. Save your transfer receipt until the money has arrived; it contains the details a bank needs to start a trace.

A missing payment has to be traced by the sending bank on the basis of the transfer details. As a recipient, it helps to check your account to see a partial amount, since fees may have been deducted.

Head office or branch code at Cassa Padana Banca di Credito Cooperativo Soc. Coop.?

Cassa Padana Banca di Credito Cooperativo Soc. Coop. has 2 separate SWIFT/BIC codes. One of them is the head office code; the others identify branches or departments.

Unless the recipient tells you otherwise, use ICRAITR19GM. Only use a branch code when the recipient gives you that exact code, for example on a letter or invoice.

When in doubt, ask the person you are paying for the exact BIC in their bank details. Codes for branches are more prone to be retired than the head office code.

Paying into Cassa Padana Banca di Credito Cooperativo Soc. Coop. in EUR

Italy uses the Euro. Money sent in a different currency is converted into EUR. Every conversion eats into something – usually through the rate rather than a fee.

Where the conversion happens has an effect on the final amount. Compare what EUR the recipient gets via different providers before choosing one.

Exchange rates change all the time – some services let you fix a rate in advance. If you pay regularly, small differences in the rate add up over time.

International transfers from Cassa Padana Banca di Credito Cooperativo Soc. Coop.: the real cost

What you pay for an international transfer has more than one component, and the transfer fee is only the most visible one. You pay the transfer fee, possibly fees charged by intermediary banks in between and, above all, the margin on the exchange rate when the money is converted.

Banks do not list the margin on the rate as a cost, but you pay it all the same. Compare their rate with the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

For a lot of currency pairs, a specialist provider is cheaper than a traditional bank transfer – mostly thanks to the rate. GoldexPay compares the amount that arrives with different providers. You can always use your account at Cassa Padana Banca di Credito Cooperativo Soc. Coop. to fund the transfer.

Why Cassa Padana Banca di Credito Cooperativo Soc. Coop. has an 8- and an 11-character code

A SWIFT code is built from a few fixed parts: characters one to four identify the bank, characters five and six show the country and characters seven and eight indicate the location. Combined, those parts make up ICRAITR1 – the version you usually see online.

The long version has a three-character extension for a branch or department. If the last three are XXX, they simply mean the head office, so ICRAITR19GM and ICRAITR1 are interchangeable.

As a rule the code is written in capitals, without spaces or dashes. Copying the code beats retyping it: a typo can point to another bank.