Cassa Padana Banca di Credito Cooperativo Societa'cooperativa SWIFT/BIC code

What ICRAITR1 means for a payment to Cassa Padana Banca di Credito Cooperativo Societa'cooperativa

ICRAITR1 and ICRAITR1982 are the short and the long form of the same SWIFT/BIC code, and both lead to Cassa Padana Banca di Credito Cooperativo Societa'cooperativa in Badia Polesine. A SWIFT code tells the sending bank exactly which bank is meant to get the money, much like a postcode for banks. In practice you usually come across it on invoices from abroad, in your banking app and on the account details of Cassa Padana Banca di Credito Cooperativo Societa'cooperativa customers.

Further down you will find the practical side: receiving money at Cassa Padana Banca di Credito Cooperativo Societa'cooperativa, sending money abroad and how to check a SWIFT code before you hit send. Keep in mind that the BIC only identifies the bank, not the account: the IBAN or account number does that part.

Sending money abroad from Cassa Padana Banca di Credito Cooperativo Societa'cooperativa

An international bank payment costs more than the listed fee. Besides the transfer fee, correspondent or intermediary banks may take a cut, and when the money changes currency, the bank often applies a rate that is less favourable than the actual market rate.

Banks do not show their exchange rate markup separately, but you pay it all the same. Check the rate you are offered with the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

Specialist money transfer services frequently use rates closer to the mid-market rate and lower fees. Next time you send money, take a minute to compare the total cost via GoldexPay rather than accepting the bank’s rate by default. You can still keep your account at Cassa Padana Banca di Credito Cooperativo Societa'cooperativa as the source of the money, while a cheaper service handles the conversion.

Verifying the SWIFT code of Cassa Padana Banca di Credito Cooperativo Societa'cooperativa

Ask the recipient to send you the account details directly from their online banking. Compare it against ICRAITR1 on this page; if they differ, ask before you pay.

If the code is wrong, the transfer might be delayed, be returned or end up costing more, and tracing it can take weeks. Remember the account number: a mistake there is more difficult to correct than a wrong BIC.

Most online banking apps validate the structure of IBANs, but that does not prove the account belongs to the right person. More and more banks compare the name against the account. Sending a small amount first is worth it for large sums.

Where our SWIFT data comes from

We gather bank codes from public sources and check our list regularly. Even so, banks merge, rename themselves or change codes and our data may lag behind. The figures we show are based on our own data, not official figures from Cassa Padana Banca di Credito Cooperativo Societa'cooperativa.

See the information here as a helpful check and rely on the recipient or Cassa Padana Banca di Credito Cooperativo Societa'cooperativa for the final confirmation. GoldexPay is independent of Cassa Padana Banca di Credito Cooperativo Societa'cooperativa. Should you notice a mistake, we welcome a short note.

Choosing between the 36 SWIFT codes of Cassa Padana Banca di Credito Cooperativo Societa'cooperativa

Having 36 codes in 34 locations, Cassa Padana Banca di Credito Cooperativo Societa'cooperativa belongs to the banks that register separate codes for branches and departments. The head office code remains ICRAITR1982.

Usually there is no need to pick a branch: transfers addressed to ICRAITR1982 are routed within Cassa Padana Banca di Credito Cooperativo Societa'cooperativa correctly. Just use a branch code when the account holder gives you that exact code, for example on an invoice or in their bank details.

The best way is to take the code directly from the recipient’s bank details. Branch codes are sometimes changed or retired when banks reorganise, so a code from an old document is not always valid.

Protect yourself against fake payment requests

Criminals often send fake invoices with new bank details. A valid SWIFT code tells you nothing about whether the request is genuine: scammers use real codes of real banks.

Verify changed bank details via a separate channel like a call to a number from an earlier contract, never via the email that asked for the change. Watch out for time pressure, odd spelling or an email address that differs by one letter. Already paid? Contact your bank straight away and ask them to try to recall the payment and report the fraud.

People receiving money can be targeted as well: one known trick is an overpayment and then sends a request to refund the difference abroad. A payment confirmation from the sender is no proof; only your own account shows what has arrived.

Incoming international payments to Cassa Padana Banca di Credito Cooperativo Societa'cooperativa

For a transfer from abroad at Cassa Padana Banca di Credito Cooperativo Societa'cooperativa, the person paying you has to have not just the SWIFT code. That means: your name as registered with Cassa Padana Banca di Credito Cooperativo Societa'cooperativa, your IBAN or account number, the BIC ICRAITR1982 (or ICRAITR1) and usually your address.

Certain sending banks also ask for the bank’s address; it does no harm to include it. A typo in your account number is more trouble than you might think; copy them from your banking app rather than typing.

Expect that the amount credited is smaller than what the sender paid. Fees for incoming transfers vary per bank – the price list of Cassa Padana Banca di Credito Cooperativo Societa'cooperativa tells you what applies. Agree with the sender who pays which costs.

Transfer times and tracking a payment to Cassa Padana Banca di Credito Cooperativo Societa'cooperativa

A SWIFT payment typically needs anywhere from one to several business days, depending on the currency, the route and the banks involved. Weekends and public holidays in the sending or receiving country add a day or more. Sometimes a bank wants to know about the purpose of a payment.

A growing number of banks use SWIFT gpi. Every gpi transfer gets a unique transaction reference, the UETR, which your bank can use to see where the money is. Specialist transfer services usually show a status online showing where the payment is.

A delayed transfer is traced from the sending side on the basis of the transfer details. Request from the sender a copy of the payment confirmation with the date and reference; that often settles the question quickly.

8 or 11 characters: ICRAITR1 versus ICRAITR1982

Each SWIFT/BIC code starts with an 8-character core: four letters for the bank, a two-letter country code and a two-character location code. For Cassa Padana Banca di Credito Cooperativo Societa'cooperativa, that core is ICRAITR1.

XXX at the end of ICRAITR1982 does not stand for a placeholder or an error: it indicates the main office of Cassa Padana Banca di Credito Cooperativo Societa'cooperativa. Some forms insist on 11 characters, in which case you simply enter XXX after ICRAITR1.

Enter the code as one block, in upper case and without separators, exactly as shown here. Copying the code beats retyping it: a typo can point to another bank.

Do you need ICRAITR1 for a SEPA transfer?

Italy is part of the SEPA area, where euro transfers follow common rules. When you send euros from another SEPA country, you normally only need the IBAN.

You will still need ICRAITR1982 for non-euro payments or transfers from countries outside SEPA. If your banking app has a field for the BIC anyway, adding ICRAITR1 does no harm.

Instant euro transfers are widely supported within SEPA; check with Cassa Padana Banca di Credito Cooperativo Societa'cooperativa whether it applies to your account. Provided no currency is converted, a SEPA transfer tends to be inexpensive; it is the conversion that costs money.

Euro (EUR) and conversion costs

Italy uses the Euro, code EUR. If you send another currency, the amount gets converted at some point. Every conversion eats into the amount.

Where the conversion happens affects how much arrives, as rates and margins differ per bank. Check how much EUR arrives via different providers; the difference between options can be larger than you expect.

The EUR rate changes constantly. If you pay regularly, a slightly better rate add up over time.