Cred.coop. di San Calogero e Maierato Bcc del Vibonese Soc.coop. SWIFT/BIC code

What ICRAITR1 means for a payment to Cred.coop. di San Calogero e Maierato Bcc del Vibonese Soc.coop.

The short code ICRAITR1 and the 11-character code ICRAITR1ON5 refer to one and the same institution: Cred.coop. di San Calogero e Maierato Bcc del Vibonese Soc.coop. in Dasa, Italy. The code has a single purpose: it makes sure that a cross-border transfer ends up at the right bank. In practice you mostly see the code on invoices from abroad, in your banking app and in the bank details that Cred.coop. di San Calogero e Maierato Bcc del Vibonese Soc.coop. provides.

On this page we explain how the code is put together, when it matters and what else a transfer to or from Cred.coop. di San Calogero e Maierato Bcc del Vibonese Soc.coop. requires. Keep in mind that the SWIFT code just identifies the bank, not the account: the account number or IBAN does that part.

What the XXX in ICRAITR1ON5 means

The layout of every SWIFT code never changes: four characters for the institution, a two-letter country code and two for the location, plus an optional branch code. For Cred.coop. di San Calogero e Maierato Bcc del Vibonese Soc.coop., the 8-character core is ICRAITR1.

XXX at the end of ICRAITR1ON5 is not a missing value or an error: it indicates the main office of Cred.coop. di San Calogero e Maierato Bcc del Vibonese Soc.coop.. Some forms insist on 11 characters, in which case you simply add XXX after ICRAITR1.

Do not add spaces, dots when you type ICRAITR1. A single character may route the money to a different institution, so check it twice.

When will the money arrive at Cred.coop. di San Calogero e Maierato Bcc del Vibonese Soc.coop.?

A SWIFT payment typically needs anywhere from one to several business days. Bank holidays in either country can add a day or more to the journey. Extra checks on larger or unusual payments can also add some delay, regardless of the details.

A growing number of banks use SWIFT gpi for faster and traceable payments. Each gpi transfer carries a unique reference, the UETR. Specialist transfer services often show a status online so you can see where the payment has got.

The bank that sent the money is able to request a trace – the recipient’s bank often cannot see a payment that has not arrived. Request from the sender a copy of the payment confirmation; that often settles the question quickly.

Receiving money from abroad at Cred.coop. di San Calogero e Maierato Bcc del Vibonese Soc.coop.

A sender in another country will ask for a few details about your account – incomplete details often cause delays. The basics are: the account holder’s name, account number or IBAN, ICRAITR1ON5 or ICRAITR1 and, for some countries, your home address.

Certain banks want the address of Cred.coop. di San Calogero e Maierato Bcc del Vibonese Soc.coop.. A mistake in the IBAN is harder to fix than you might think, so copy the details from your online banking.

What lands in your account is often lower than the amount sent. Intermediary banks may deduct a fee, Cred.coop. di San Calogero e Maierato Bcc del Vibonese Soc.coop. may charge for incoming payments, and when currencies differ, a markup on the rate applies. Agree with the sender who pays which costs before the money is sent.

Protect yourself against fake payment requests

Fraudsters often use payment requests with new bank details. A valid SWIFT code says nothing about whether the request is genuine.

Do not trust a phone number in the same message that announces the change. Urgency or requests to keep it quiet tend to be red flags; a genuine business can wait for you to check. When a payment was sent to the wrong account, call your bank right away: the sooner they act, the better the chance of a recall.

Scams also target the receiver: someone sends more than agreed and asks you to return the difference via a different route. Wait until the money is actually in your account – ask Cred.coop. di San Calogero e Maierato Bcc del Vibonese Soc.coop. if something looks wrong.

Choosing between the 5 SWIFT codes of Cred.coop. di San Calogero e Maierato Bcc del Vibonese Soc.coop.

With 5 codes in 5 cities, Cred.coop. di San Calogero e Maierato Bcc del Vibonese Soc.coop. belongs to the banks that register individual codes for parts of the organisation. The head office code is ICRAITR1ON5.

If nobody asks you for a branch code, use ICRAITR1ON5. If you have been given a specific code, stick to it rather than replacing it with the head office code.

When in doubt, check with the recipient for the exact BIC in their bank details. Codes are sometimes changed or retired when banks reorganise, so a code from an old document is not always valid.

Paying Cred.coop. di San Calogero e Maierato Bcc del Vibonese Soc.coop. in euros within SEPA

Within the SEPA zone, euro payments to Cred.coop. di San Calogero e Maierato Bcc del Vibonese Soc.coop. use the same rules and in most cases need only the IBAN. A field for the BIC is usually optional or missing for those payments.

For anything other than euros and for senders outside SEPA, ICRAITR1ON5 remains part of the payment details. A few forms also show a field for the BIC out of habit; if so, enter ICRAITR1.

Instant payments in euros have become widely supported within SEPA – whether Cred.coop. di San Calogero e Maierato Bcc del Vibonese Soc.coop. offers them for your account is worth checking. Provided no currency is converted, a SEPA transfer is cheap; costs rise once a conversion is involved.

The Euro and what conversion costs you

Most accounts at Cred.coop. di San Calogero e Maierato Bcc del Vibonese Soc.coop. are typically held in EUR, the national currency of Italy. Money sent in a different currency will be exchanged into EUR before it reaches the account. There is rarely a separate line for that conversion – the cost sits in the rate.

Which bank converts the payment makes a difference. Compare how much EUR arrives with several providers.

Rates for EUR move all the time, and some providers let you lock in a rate. For recurring payments, a slightly better rate make a real difference over time.

How up to date is this code?

We collect bank codes from public sources and check them regularly. Institutions merge, close branches and retire codes – a directory can be a step behind. Figures such as the number of codes come from our own dataset and are not confirmed by Cred.coop. di San Calogero e Maierato Bcc del Vibonese Soc.coop..

For a payment that matters, check the BIC with the recipient’s bank or the recipient. We are a comparison site and not affiliated with Cred.coop. di San Calogero e Maierato Bcc del Vibonese Soc.coop.. If you notice a mistake, we welcome a short note via the contact page.

What a transfer from Cred.coop. di San Calogero e Maierato Bcc del Vibonese Soc.coop. abroad really costs

The price of an international transfer is made up of several parts, and the transfer fee is only the most visible one. You pay the transfer fee, sometimes fees charged by intermediary banks along the way and, most importantly, the margin on the exchange rate.

Most of the cost usually sits in the exchange rate, rather than in the fee: many banks convert using an exchange rate that includes a margin. A simple test: put the rate you get against the mid-market rate and look at the difference.

For a lot of routes, a transfer service is less expensive than a bank – mostly thanks to the rate. GoldexPay lists these services next to each other, showing the amount the recipient gets. Using a transfer service does not mean leaving Cred.coop. di San Calogero e Maierato Bcc del Vibonese Soc.coop.: you simply pay the service from your account.

Before you send: check the Cred.coop. di San Calogero e Maierato Bcc del Vibonese Soc.coop. code

Ask the recipient to send you the bank details straight from a recent statement. Check it with ICRAITR1 on this page.

With a wrong code, the transfer might be delayed, be returned or cost extra – sometimes after weeks of searching. Do not forget the IBAN: a mistake there can be more difficult to undo than a wrong code.

Many banking apps check the format of an IBAN – that confirms the format, not the owner. If your bank offers it, a name check on the recipient gives extra certainty. Sending a small amount first is worth it for a large first payment, even if it costs an extra fee.