C.r.a. di Binasco Credito Coop. SWIFT/BIC code

C.r.a. di Binasco Credito Coop. SWIFT code: ICRAITR1

The short code ICRAITR1 and the full code ICRAITR1AQ7 refer to one and the same institution: C.r.a. di Binasco Credito Coop., with its head office in Bornasco. Banks worldwide use BIC codes to route international transfers to the right institution. It comes up mainly for payments that cross a border and payments in foreign currencies.

We wrote this page to help anyone who pays into an account at C.r.a. di Binasco Credito Coop. and wants to get the details right. The SWIFT code on its own does not identify a personal account; that is what the IBAN or account number .

Verifying the SWIFT code of C.r.a. di Binasco Credito Coop.

The most reliable source for the BIC is the bank details provided by the recipient. Check that code with ICRAITR1 on this page and ask if anything does not match.

Errors in the SWIFT code tend to be annoying rather than disastrous: often the payment comes back, minus fees. Remember the account number: a mistake there is more difficult to undo than a wrong BIC.

An automatic check in your banking app merely confirms that the IBAN exists – not that it belongs to the person you mean to pay. Some banks now check the name against the account before you confirm; take any warning seriously. Sending a small amount first is a sensible step for large sums.

Protect yourself against fake payment requests

Stay wary when someone unexpectedly asks you to pay into another account abroad. A valid SWIFT code tells you nothing about whether the request is genuine: scammers use real codes of real banks.

Do not rely on contact details from the same email that contains the change. Urgency or secrecy tend to be red flags – a real supplier can wait a day. Already paid? Contact the bank you paid from without delay and have them start a recall.

Scams can also work the other way. Someone sends more than agreed and wants you to refund the extra via a different route. A screenshot of a transfer proves nothing – check your own account.

Receiving money from abroad at C.r.a. di Binasco Credito Coop.

A sender in another country will ask for a few details from you, and missing ones are a common cause of delays. The basics are: your name, account number or IBAN, ICRAITR1AQ7 or ICRAITR1 and, for some countries, your home address.

You can include C.r.a. di Binasco Credito Coop. and Bornasco as well, since some forms ask for it. A mistake in the IBAN is more trouble than you might think; copy them from your banking app rather than typing.

The amount you receive is often less than what was sent. Intermediary banks may deduct a fee, C.r.a. di Binasco Credito Coop. may charge for incoming payments, and if the currency changes, an exchange rate margin comes on top. Make clear with the sender who pays which costs.

International transfers from C.r.a. di Binasco Credito Coop.: the real cost

If you send money abroad from C.r.a. di Binasco Credito Coop., the visible fee is rarely all of what you pay. There is the fee for the transfer itself, possibly charges from correspondent banks along the way and, above all, the exchange rate markup if the currency changes.

Many banks do not show the margin on the rate as a cost, but you pay it all the same. Check the rate you are offered with the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

For many routes, a transfer service is cheaper than a traditional bank transfer – mostly thanks to the rate. GoldexPay lists transfer providers next to each other so you can see what actually arrives. Using a transfer service does not mean closing your account at C.r.a. di Binasco Credito Coop.: you simply pay the service from your account.

SEPA payments and the C.r.a. di Binasco Credito Coop. BIC

Since Italy is part of SEPA, a euro payment to C.r.a. di Binasco Credito Coop. from within the SEPA area usually requires just the IBAN. Many banks do not require the BIC for these payments.

Outside the euro and for senders outside SEPA, ICRAITR1AQ7 remains required. If your banking app has a field for the BIC regardless, entering ICRAITR1 is fine.

Euro payments within SEPA normally land within one business day, and instant transfers in seconds where both banks support them. Charges on SEPA transfers are generally low as long as everything stays in euros.

The Euro and what conversion costs you

The local currency of Italy is the Euro (EUR). When you pay another currency it has to be converted at some point – by your bank, by C.r.a. di Binasco Credito Coop. or by a bank in between. You rarely see a separate line for that conversion – the cost sits in the rate.

Who converts the payment makes a difference, because each party uses its own rate. Check how much EUR arrives via different providers.

The EUR rate fluctuates constantly. With bigger transfers, even small difference in the rate adds up quickly.

Choosing between the 3 SWIFT codes of C.r.a. di Binasco Credito Coop.

C.r.a. di Binasco Credito Coop. has 3 different SWIFT/BIC codes across 3 locations. Only one is the head office code; the rest belong to branches or departments.

Usually you do not need to look up a branch: payments addressed to ICRAITR1AQ7 are routed within C.r.a. di Binasco Credito Coop. correctly. If you have been given a specific code, use it as it is rather than swapping it with the head office code.

Not sure which code applies? Check with the recipient. Branch codes are more likely to change than ICRAITR1AQ7.

About this information

The details here are taken from public sources which we refresh regularly. Even so, banks merge, rename themselves or change codes and our data may lag behind. The number of codes we show are based on our own data.

For a payment that matters, always confirm the BIC with the recipient’s bank or with the recipient. GoldexPay is independent of C.r.a. di Binasco Credito Coop.; we are a comparison site for money transfers. Spotted an error? Tell us via our contact form so we can correct it.

Tracking a transfer to or from C.r.a. di Binasco Credito Coop.

There is no single delivery time: some arrive within a day while others need several business days. Bank holidays in the sending or receiving country can add a day or more, since banks do not process on those days. Extra checks on larger or unusual payments can also cause a delay.

Many banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Each payment gets a unique transaction reference, the UETR that banks can use to trace it. Save the payment confirmation until the recipient confirms; it contains the details a bank needs to start a trace.

A delayed transfer is traced from the sending side. On the receiving end, you can check your statements for a partial amount because fees can reduce the amount.

What the XXX in ICRAITR1AQ7 means

A SWIFT code is made up of fixed blocks: characters one to four identify the bank, characters five and six show the country and the two after that mark the location. That gives you ICRAITR1 for C.r.a. di Binasco Credito Coop..

Most banks and apps accept both lengths. If a form requires eleven characters, enter ICRAITR1AQ7, otherwise ICRAITR1 is fine.

Type the code in one piece, in upper case and without spaces, exactly as shown here. Copying the code beats typing it by hand, because one wrong letter changes the bank.