Credito Cooperativo Mediocrati Soc.coop. Ar.l. SWIFT/BIC code

What ICRAITR1 means for a payment to Credito Cooperativo Mediocrati Soc.coop. Ar.l.

The short code ICRAITR1 and the full code ICRAITR1TID identify one and the same institution: Credito Cooperativo Mediocrati Soc.coop. Ar.l. in Cassano Allo Ionio, Italy. A SWIFT code tells every bank in the chain exactly which bank should receive the money, a bit like a postal address for banks. In daily life you mostly see the code on international invoices, in your banking app and on the account details of Credito Cooperativo Mediocrati Soc.coop. Ar.l. customers.

Further down we go through the practical questions: receiving money at Credito Cooperativo Mediocrati Soc.coop. Ar.l., paying someone in another country and how to check a SWIFT code before you hit send. The BIC names a bank or branch, never a specific account; the IBAN or account number does that.

Paying into Credito Cooperativo Mediocrati Soc.coop. Ar.l. in EUR

Most accounts at Credito Cooperativo Mediocrati Soc.coop. Ar.l. are usually held in EUR, the national currency. If you send money in a different currency, the amount gets converted at some point. Each conversion costs something – usually through the rate rather than a fee.

Who does the conversion affects the final amount, as rates and margins differ per bank. Check how much EUR the recipient gets via different providers; the difference between options can be larger than you expect.

The rate for EUR changes constantly and quotes are often valid only for a short time. With bigger transfers, even seemingly small difference in the rate can be worth more than the fee.

Watch out for payment fraud

Fraudsters often use fake invoices containing changed bank details. A valid SWIFT code tells you nothing about who owns the account – scammers simply use real codes.

Before paying, confirm a change of bank details through a phone call. Pressure or secrecy tend to be warning signs. If money was sent to a fraudster, call your bank right away – speed improves the chance of getting it back.

People receiving money are targeted too: a classic trick is an overpayment and then sends a request to refund the difference abroad. A screenshot of a transfer is no proof – check your own account.

What to give a sender who pays you at Credito Cooperativo Mediocrati Soc.coop. Ar.l.

When you expect money from abroad, give the sender everything they need in one go. Give them the account holder’s name, your account number or IBAN, the BIC ICRAITR1TID and your address.

It helps to add the bank name and its city too, since some forms ask for it. Double-check the details before you share them – a sender rarely spots a mistake in someone else’s details.

What lands in your account can be lower than what was sent. Correspondent banks can take a fee, Credito Cooperativo Mediocrati Soc.coop. Ar.l. may charge for incoming payments, and if the currency changes, an exchange rate margin applies. On invoices, you can agree how the fees are split to avoid a shortfall.

Do you need ICRAITR1 for a SEPA transfer?

Italy belongs to the Single Euro Payments Area (SEPA). For a regular euro transfer from another SEPA country, you normally only need the IBAN; many banks no longer ask for the BIC.

A SWIFT code like ICRAITR1 still matter when the currency is not euros, and for transfers from outside SEPA. If your banking app asks for the BIC anyway, entering ICRAITR1 is fine.

Instant payments in euros are increasingly supported across SEPA. Fees for SEPA payments are generally low, as long as no currency conversion is involved.

How to check ICRAITR1 before you pay

Ask the recipient to copy the bank details straight from their online banking. Check it with ICRAITR1 on this page.

With a wrong code, the transfer might be delayed, bounce back or end up costing more. Do not forget the account number: a mistake there can be harder to correct than a wrong BIC.

A format check in your banking app only confirms that the IBAN exists. Some banks now check the payee name with the account; take any warning seriously. For a first payment, many people send a small test amount before sending the rest.

What the XXX in ICRAITR1TID means

A BIC is built from fixed blocks: the first four letters identify the bank, the next two give the country and the two after that mark the location. For Credito Cooperativo Mediocrati Soc.coop. Ar.l., the 8-character core is ICRAITR1.

The 11-character version adds three more characters that identify a branch or department. When those three characters are XXX, the code points to the head office.

Leave out spaces, dots when you enter ICRAITR1. Watch for the letter O and the digit 0 and I versus 1, a common source of typos.

A note on our data

We gather SWIFT/BIC codes using public sources and check our list from time to time. Even so, banks merge or change codes, so information can be out of date. The figures on this page reflect our own data and not on information from Credito Cooperativo Mediocrati Soc.coop. Ar.l. itself.

See the information here as a handy check, and let the details from the recipient or Credito Cooperativo Mediocrati Soc.coop. Ar.l. have the final say. GoldexPay is independent of Credito Cooperativo Mediocrati Soc.coop. Ar.l., we only compare transfer services. Spotted outdated information? Tell us through the contact page so we can correct it.

Which of the 5 codes of Credito Cooperativo Mediocrati Soc.coop. Ar.l. do you need?

With 5 codes in 5 cities, Credito Cooperativo Mediocrati Soc.coop. Ar.l. belongs to the banks that register separate codes for branches. The head office code remains ICRAITR1TID.

Unless the recipient tells you otherwise, go with ICRAITR1TID or its short form ICRAITR1. A branch code only makes sense if the recipient’s bank specifically mentions it.

The best way is to copy the code directly from the recipient’s statement. Branch codes can change over time, so a code from an old document is not always valid.

Paying someone abroad from your Credito Cooperativo Mediocrati Soc.coop. Ar.l. account

A bank transfer abroad can cost rather more than the listed fee. Besides the transfer fee, banks in between can deduct a fee, and if the money changes currency the bank usually applies a rate below the actual market rate.

Banks do not show the margin on the rate as a cost. Compare the rate you are offered with the mid-market rate.

Specialised transfer providers frequently use rates closer to the mid-market rate. Next time you send money, take a minute comparing the total cost via GoldexPay. Choosing a specialist does not require closing your account at Credito Cooperativo Mediocrati Soc.coop. Ar.l..

How long does an international transfer to Credito Cooperativo Mediocrati Soc.coop. Ar.l. take?

An international transfer typically needs anywhere from one to several business days – it depends on currency, route and the banks in between. Payments made late in the day or just before a weekend or public holiday often start a business day later. Compliance checks on larger or unusual payments may also cause some delay, even when all details are correct.

A growing number of banks are connected to SWIFT gpi for faster and traceable payments. Each gpi transfer carries a unique transaction reference, the UETR that banks can use to trace it. Money transfer services often show a status in their app showing where the money has got.

If a payment has not arrived within the expected time, the sender should start with the bank that sent it. Request from the sender the payment receipt with the date and reference – it helps your own bank look for the money.