Credito Cooperativo Ravennate, Forlivese e Imolese Soc. Coop. SWIFT/BIC code

ICRAITR1 – the SWIFT/BIC code of Credito Cooperativo Ravennate, Forlivese e Imolese Soc. Coop.

Whether you are given ICRAITR1 or ICRAITR1F2E, you are looking at the same address for Credito Cooperativo Ravennate, Forlivese e Imolese Soc. Coop. in Italy. A BIC does one job: it ensures that money from abroad ends up at the right bank. In daily life you mostly see it on invoices from abroad, in your banking app and on the account details that Credito Cooperativo Ravennate, Forlivese e Imolese Soc. Coop. provides.

Further down you will find the practical questions: receiving money at Credito Cooperativo Ravennate, Forlivese e Imolese Soc. Coop., paying someone in another country and how to check a SWIFT code before you hit send. A SWIFT code identifies an institution, never a single account; the IBAN or account number does that.

When will the money arrive at Credito Cooperativo Ravennate, Forlivese e Imolese Soc. Coop.?

There is no fixed answer: some arrive within a day while others need several business days. Bank holidays in the sending or receiving country can add extra days, since banks do not process on those days. Sometimes a bank asks about the purpose of a payment.

If the money is late, contact the sending bank for the tracking status and the transaction reference. Specialist transfer services usually show a status online so you can see how far the payment is.

Only the sending bank can request a trace or a recall; the receiving side usually has nothing to trace yet. As a recipient, you can look at your statements to see a slightly lower amount, since fees may have been deducted.

Sending money abroad from Credito Cooperativo Ravennate, Forlivese e Imolese Soc. Coop.

When you send money to another country through Credito Cooperativo Ravennate, Forlivese e Imolese Soc. Coop., the visible fee is rarely all of the cost. Besides the transfer fee, banks in between can deduct a fee, and if currencies are converted, the bank usually uses a rate that is less favourable than the actual market rate.

Most of the cost usually sits in the exchange rate, rather than in the fee: the bank converts at a rate with a margin built in. Check the rate you are offered with the mid-market rate. The difference is your real conversion cost.

For many currency pairs, a specialist provider turns out to be less expensive than a bank. On GoldexPay you can compare the amount that arrives across providers, which makes the cheapest option easy to spot. You can still keep your account at Credito Cooperativo Ravennate, Forlivese e Imolese Soc. Coop. to fund the transfer; only the conversion and sending happen elsewhere.

Verifying the SWIFT code of Credito Cooperativo Ravennate, Forlivese e Imolese Soc. Coop.

Have the recipient copy the bank details directly from their online banking. Check it with ICRAITR1 on this page.

A wrong SWIFT code may lead to delays, a returned payment or additional charges. An error in the IBAN or account number is more serious, because the money may be credited to someone else; check it just as carefully.

Most online banking apps check the format of IBANs and some suggest the matching BIC – that confirms the format, not the owner. Some banks now check the payee name with the account; take any warning seriously. A small test payment can be worth it for large sums, even if it costs an extra fee.

Head office or branch code at Credito Cooperativo Ravennate, Forlivese e Imolese Soc. Coop.?

Having 47 codes in 22 locations, Credito Cooperativo Ravennate, Forlivese e Imolese Soc. Coop. belongs to the banks that use separate codes for branches. The head office code remains ICRAITR1F2E.

In most cases you do not need to look up a branch: payments sent to ICRAITR1F2E are routed within Credito Cooperativo Ravennate, Forlivese e Imolese Soc. Coop. correctly. Just use a branch code when the account holder gives you that exact code, for example on a letter or invoice.

Unsure which code to use? Ask the recipient. Branch codes are more prone to change than the head office code when a bank merges or closes offices.

What the XXX in ICRAITR1F2E means

Every SWIFT/BIC code starts with an 8-character core: four letters for the bank, a two-letter country code and two characters for the location. That gives you ICRAITR1.

Most payment forms work with either length. If yours asks for eleven characters, enter ICRAITR1F2E.

Leave out spaces or dashes when you type ICRAITR1; the code is always written in one block. Pasting the code beats typing it by hand.

Watch out for payment fraud

Stay alert if someone suddenly asks you to send money to another account abroad. The fact that ICRAITR1 exists is no guarantee that a request mentioning it is legitimate; criminals use the codes of real banks too.

Check new bank details via a different channel, such as a phone number you already know. Pressure or secrecy tend to be red flags; a genuine business can wait for you to check. If a payment was sent to a fraudster, call your bank right away: the sooner they act, the better the chance of a recall.

Recipients can be targeted as well: one known trick is an overpayment and then sends a request to send back the difference to another account. Do not act before the money is actually in your account – ask Credito Cooperativo Ravennate, Forlivese e Imolese Soc. Coop. if something looks wrong.

SEPA payments and the Credito Cooperativo Ravennate, Forlivese e Imolese Soc. Coop. BIC

Italy is part of the SEPA area. For a regular euro transfer from another SEPA country, the IBAN is usually enough.

The BIC still come into play when the currency is not euros, and for transfers from outside SEPA. Some forms also ask for the BIC; in that case, fill in ICRAITR1 or ICRAITR1F2E.

Instant payments in euros have become increasingly supported within SEPA. Charges on SEPA transfers tend to be low, as long as no currency conversion is involved.

A note on our data

The details on this page are taken from publicly available data. Still, banks merge, rename themselves or change codes. Counts and locations come from our directory and are not confirmed by Credito Cooperativo Ravennate, Forlivese e Imolese Soc. Coop..

See our directory on this page as a handy check and rely on the recipient or Credito Cooperativo Ravennate, Forlivese e Imolese Soc. Coop. for the final confirmation. We are an independent comparison service for money transfers and not part of Credito Cooperativo Ravennate, Forlivese e Imolese Soc. Coop.. Should you notice something that is out of date, we welcome a message via the contact page.

Sending EUR to Credito Cooperativo Ravennate, Forlivese e Imolese Soc. Coop.

Italy pays in the Euro, with the currency code EUR. If you send another currency it has to be converted at some point – by your bank, by Credito Cooperativo Ravennate, Forlivese e Imolese Soc. Coop. or by a bank in between. There is rarely a separate charge for the conversion – the cost sits in the rate.

Which bank converts the payment matters. Often you pay less to send EUR straight away via a transfer service with a good rate rather than letting the receiving bank convert.

Rates for EUR change all the time, and some providers let you lock in a rate. On larger amounts, even small gap in the rate can be worth more than the fee.

Getting paid from abroad into a Credito Cooperativo Ravennate, Forlivese e Imolese Soc. Coop. account

For a transfer from abroad at Credito Cooperativo Ravennate, Forlivese e Imolese Soc. Coop., the sender needs more than the BIC. Share your name as the bank knows it, the IBAN or account number, the BIC ICRAITR1F2E and your address.

It helps to add Credito Cooperativo Ravennate, Forlivese e Imolese Soc. Coop. and its city as well. Check each detail before you share them – a sender rarely spots a mistake in someone else’s details.

The amount you receive can be lower than the amount sent. Correspondent banks can take a fee, Credito Cooperativo Ravennate, Forlivese e Imolese Soc. Coop. may charge for incoming payments, and when currencies differ, a markup on the rate comes on top. For business payments, you can agree how the fees are split.