Cassa Rurale Ed Artigiana di Binasco-Credito Cooperativo Scrl SWIFT/BIC code

SWIFT/BIC code of Cassa Rurale Ed Artigiana di Binasco-Credito Cooperativo Scrl

The short code ICRAITRR and the full code ICRAITRRAQ0 identify the same bank: Cassa Rurale Ed Artigiana di Binasco-Credito Cooperativo Scrl. A SWIFT code shows every bank in the chain exactly which bank should receive the money, much like a postcode for banks. In daily life you usually come across the code on international invoices, in payment forms and in the bank details of Cassa Rurale Ed Artigiana di Binasco-Credito Cooperativo Scrl customers.

On this page you will find how the code is put together, when it matters and what else a transfer to or from Cassa Rurale Ed Artigiana di Binasco-Credito Cooperativo Scrl requires. Remember that the SWIFT code just identifies the bank, not the account: the account number or IBAN takes care of that.

Sending money abroad from Cassa Rurale Ed Artigiana di Binasco-Credito Cooperativo Scrl

If you send money abroad from Cassa Rurale Ed Artigiana di Binasco-Credito Cooperativo Scrl, the fee you see is only part of what you pay. On top of the transfer fee, banks in between can take a cut, and when currencies are converted, the bank often uses a rate that is less favourable than the actual market rate.

The markup on the rate tends to be the biggest item. A simple test: put the rate you get against the mid-market rate and look at the difference.

For many routes, a transfer service is less expensive than a traditional bank transfer, mainly because of the exchange rate. GoldexPay compares transfer providers next to each other so you can see what actually arrives. You can always use your account at Cassa Rurale Ed Artigiana di Binasco-Credito Cooperativo Scrl.

Is ICRAITRR still correct? How to check

The most reliable source for the BIC is the recipient’s own bank details. If the code you have does not match ICRAITRR or ICRAITRRAQ0, stop and ask – contact the recipient or Cassa Rurale Ed Artigiana di Binasco-Credito Cooperativo Scrl.

Errors in the SWIFT code are costly more than fatal: often the payment comes back, minus fees. Do not forget the account number: a mistake there can be more difficult to correct than a wrong code.

An automatic check by your bank merely confirms that the code exists – not that it belongs to the person you mean to pay. More and more banks check the name against the account – do not ignore a mismatch warning. When you pay someone new, some people start with a small amount first and wait for confirmation.

SEPA payments and the Cassa Rurale Ed Artigiana di Binasco-Credito Cooperativo Scrl BIC

Italy belongs to the Single Euro Payments Area (SEPA), where euro transfers follow common rules. For a regular euro transfer from another SEPA country, you normally only need the IBAN and the BIC is often filled in automatically.

For anything other than euros and for senders outside SEPA, ICRAITRRAQ0 or ICRAITRR is still part of the payment details. Some banks and apps still ask for the BIC out of habit; in that case, fill in ICRAITRR.

Instant payments in euros are increasingly available across SEPA; check with Cassa Rurale Ed Artigiana di Binasco-Credito Cooperativo Scrl whether it applies to your account. Provided no currency is converted, the transfer tends to be cheap; it is the conversion that costs money.

Scams that use SWIFT codes

Scammers regularly use payment requests with new bank details, sometimes in an email that looks completely genuine. The fact that ICRAITRR exists does not mean that the account is legitimate – fraudsters use real bank codes as well.

Never trust contact details in the same message that contains the new account. Be suspicious of time pressure, odd spelling 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: a classic trick is an overpayment and then sends a request to send back the difference to another account. A screenshot of a transfer is no proof.

The Euro and what conversion costs you

Italy pays in the Euro. Money sent in a different currency is exchanged into EUR, and whoever converts it chooses the rate. There is rarely a separate line for that conversion; it is built into the rate.

Who does the conversion affects the final amount. In many cases you pay less if you send EUR directly via a transfer service that converts near the mid-market rate rather than letting the receiving bank convert.

Rates for EUR change during the day – some services let you fix a rate in advance. For recurring payments, a slightly better rate add up over a year.

When will the money arrive at Cassa Rurale Ed Artigiana di Binasco-Credito Cooperativo Scrl?

A SWIFT payment typically takes one to a few business days. Transfers sent late in the day or just before weekends and holidays usually go out the next business day. Extra checks on larger or unusual payments may also cause some delay, regardless of the details.

When a payment takes longer than expected, contact your bank for the tracking status or the UETR; with that reference banks can see where the payment is. Keep the payment confirmation until the recipient confirms; it contains the details a bank needs to start a trace.

A delayed transfer has to be investigated from the sending side, using the payment confirmation. On the receiving end, you can check your statements for a partial amount.

Incoming international payments to Cassa Rurale Ed Artigiana di Binasco-Credito Cooperativo Scrl

If you are waiting for a payment from another country, give the sender a complete set of details. What they need is: the account holder’s name, IBAN or account number, ICRAITRRAQ0 or ICRAITRR and, for some countries, your home address.

You can add the bank name and Binasco as well, because some payment forms have separate fields for them. Check each detail before you send them – a sender rarely spots a mistake in someone else’s details.

Do not be surprised if the amount credited is smaller than the amount on the sender’s receipt. Correspondent banks can take a fee and your own bank may charge for processing, and if the money is converted, an exchange rate margin applies. Agree with the sender who covers the fees, especially for larger amounts.

A note on our data

The details on this page come from publicly available data. Even so, banks merge, rename themselves or change codes. The figures on this page are based on our own data, not official figures from Cassa Rurale Ed Artigiana di Binasco-Credito Cooperativo Scrl.

Use our data as a starting point, rather than as the final word. GoldexPay is an independent comparison site for money transfers and not part of Cassa Rurale Ed Artigiana di Binasco-Credito Cooperativo Scrl. If you notice a mistake, we appreciate a short note.

8 or 11 characters: ICRAITRR versus ICRAITRRAQ0

The layout of every SWIFT code never changes: four characters for the institution, a two-letter country code and a two-character location code, sometimes followed by a branch code. For Cassa Rurale Ed Artigiana di Binasco-Credito Cooperativo Scrl, the 8-character core is ICRAITRR.

The long version has three more characters for a branch or department. If the last three are XXX, they simply mean the head office, so ICRAITRRAQ0 and ICRAITRR are interchangeable.

Do not add spaces or dashes when you enter ICRAITRR; the code is always written in one block. A wrong letter can send the money to another bank, so check it twice.

Which of the 5 codes of Cassa Rurale Ed Artigiana di Binasco-Credito Cooperativo Scrl do you need?

Cassa Rurale Ed Artigiana di Binasco-Credito Cooperativo Scrl has 5 separate SWIFT/BIC codes across 5 locations. Only one is the head office code, ICRAITRRAQ0; the others belong to branches.

For most payments to a private or business account, the head office code ICRAITRRAQ0 works fine. A branch code only makes sense if the recipient’s bank explicitly asks for it.

Not sure which code applies? Ask the recipient, or look at a recent statement from Cassa Rurale Ed Artigiana di Binasco-Credito Cooperativo Scrl. Codes for branches are more prone to change than ICRAITRRAQ0 when a bank merges or closes offices.