Cassa Rurale Ed Artigiana di Rivarolo Mantovano Soc. Coop. SWIFT/BIC code

Cassa Rurale Ed Artigiana di Rivarolo Mantovano Soc. Coop. SWIFT code: ICRAITR1

The short code ICRAITR1 and the full code ICRAITR1LE1 refer to the same bank: Cassa Rurale Ed Artigiana di Rivarolo Mantovano Soc. Coop. in Casalmaggiore, Italy. A BIC does one job: it ensures that money from abroad ends up at the right bank. It comes up mostly for transfers between countries and payments in foreign currencies.

Further down we go through the practical side: money coming in from abroad, sending money abroad and how to verify the code before you confirm a payment. Keep in mind that the BIC only identifies the bank, not the account: the account number or IBAN does that part.

Do you need ICRAITR1 for a SEPA transfer?

Inside SEPA, euro transfers to an account in Italy follow common rules. A field for the BIC is often optional in that case.

You still need ICRAITR1LE1 when sending payments in other currencies or money from outside the SEPA area. If a payment form has a field for the BIC anyway, entering ICRAITR1 does no harm.

SEPA transfers usually arrive within one business day. Fees for SEPA transfers are generally low as long as everything stays in euros.

When will the money arrive at Cassa Rurale Ed Artigiana di Rivarolo Mantovano Soc. Coop.?

An international transfer typically needs anywhere from one to several business days – it depends on currency, route and the banks in between. Transfers sent late in the day or just before a weekend or public holiday often go out a business day later. Compliance 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 about the status and the transaction reference. Money transfer services often provide a status online so you can see how far the money has got.

If a payment has not arrived within the expected time, the sender should contact their own bank, not the receiving bank. On the receiving end, it helps to look at your account to see a slightly lower amount because fees can reduce the amount.

ICRAITR1 or ICRAITR1LE1 – which one to use?

A SWIFT code is built from fixed blocks: the first four letters stand for the bank, characters five and six show the country and characters seven and eight indicate the location. Together, those parts make up ICRAITR1.

The 11-character version adds three more characters that identify a branch or department. If the last three are XXX, the code points to the head office, so ICRAITR1LE1 and ICRAITR1 are interchangeable.

In practice the code is typed in capitals. Copying the code is safer than typing it by hand: a typo can point to another bank.

A note on our data

We gather SWIFT/BIC codes using publicly available data and check our list regularly. Still, banks merge or retire codes, so information can be out of date. Counts and locations are from our directory and are not confirmed by Cassa Rurale Ed Artigiana di Rivarolo Mantovano Soc. Coop..

Use our data as a starting point, not as the last word. GoldexPay is not affiliated with Cassa Rurale Ed Artigiana di Rivarolo Mantovano Soc. Coop.; we are a comparison site for money transfers. Should you notice a mistake, we appreciate a message via the contact page.

What to give a sender who pays you at Cassa Rurale Ed Artigiana di Rivarolo Mantovano Soc. Coop.

When you are waiting for money from abroad, give the sender all details at once. That means: your full name as registered with Cassa Rurale Ed Artigiana di Rivarolo Mantovano Soc. Coop., your IBAN or account number, the BIC ICRAITR1LE1 and, often, your postal address.

It helps to add Cassa Rurale Ed Artigiana di Rivarolo Mantovano Soc. Coop. and Casalmaggiore too, since some forms ask for it. A mistake in the IBAN can be harder to fix than it looks, so copy the details from your online banking.

Money from abroad does not always arrive for the full amount. Correspondent banks can take a fee and your own bank may charge for processing, and if the currency changes, a markup on the rate applies. For business payments, you can agree how the fees are split to avoid a shortfall.

Head office or branch code at Cassa Rurale Ed Artigiana di Rivarolo Mantovano Soc. Coop.?

Cassa Rurale Ed Artigiana di Rivarolo Mantovano Soc. Coop. uses 7 different SWIFT/BIC codes across 7 locations. One of them is the head office code, ICRAITR1LE1; the others identify branches.

Usually there is no need to pick a branch: payments addressed to ICRAITR1LE1 reach Cassa Rurale Ed Artigiana di Rivarolo Mantovano Soc. Coop. without problems. Just use a branch code when your contact gives you that exact code.

The best way is to copy the code straight from the account holder’s statement. Codes are sometimes changed or retired over time, so a code from an old document is not always valid.

Watch out for payment fraud

A common scam goes like this: you receive a request saying that a supplier now has new bank details and that the next payment should go there. That ICRAITR1 is a real code is no guarantee that a request mentioning it is legitimate – fraudsters use real bank codes as well.

Verify changed bank details via a different channel. Urgency or secrecy are red flags – a real supplier can wait a day. When money has already gone to a fraudster, contact your bank immediately: the sooner they act, the better the chance of a recall.

People receiving money can be targeted as well: one known trick is an overpayment followed by a request to send back the difference. A screenshot of a transfer proves nothing; only your own account shows what has arrived.

Verifying the SWIFT code of Cassa Rurale Ed Artigiana di Rivarolo Mantovano Soc. Coop.

Have the recipient copy their account details straight from a recent statement. When the code you were given differs from ICRAITR1 or ICRAITR1LE1, do not guess: check with the recipient or with Cassa Rurale Ed Artigiana di Rivarolo Mantovano Soc. Coop. directly.

If the code is wrong, the payment might be delayed, bounce back or end up costing more. A mistake in the IBAN or account number can be a bigger problem, so check that just as carefully.

A format check by your bank merely tells you that the IBAN is valid, not that it is the right account. Where available, a payee name check before sending adds extra certainty. For a first payment, some people send a small amount first and wait for confirmation.

Sending money abroad from Cassa Rurale Ed Artigiana di Rivarolo Mantovano Soc. Coop.

If you send money abroad through Cassa Rurale Ed Artigiana di Rivarolo Mantovano Soc. Coop., the visible fee is only part of the cost. You pay the fee for the transfer itself, possibly fees charged by intermediary banks in between and, most importantly, the margin on the exchange rate if the currency changes.

Banks do not show their exchange rate markup as a cost, but you pay it all the same. Compare the rate you are offered against the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

For a lot of currency pairs, a specialist provider turns out to be less expensive than a bank. GoldexPay compares these services side by side so you can see what actually arrives. Using a transfer service does not mean closing your account at Cassa Rurale Ed Artigiana di Rivarolo Mantovano Soc. Coop. – you pay the provider from your own account.

Euro (EUR) and conversion costs

Italy uses the Euro (EUR). If you send money in a different currency it has to be converted at some point – by your bank, by Cassa Rurale Ed Artigiana di Rivarolo Mantovano Soc. Coop. or by a bank in between. You rarely see a separate line for the conversion – the cost sits in the rate.

Which bank converts the payment makes a difference. In many cases you pay less to send EUR directly via a transfer service with a good rate, so that the receiving bank does not need to convert again.

Rates for EUR change during the day. For regular payments, a slightly better rate make a real difference over a year.