Credito Padano Banca di Credito Cooperativo - Societa Cooperativa SWIFT/BIC code

ICRAITR1 – the SWIFT/BIC code of Credito Padano Banca di Credito Cooperativo - Societa Cooperativa

The 8-character code ICRAITR1 and the full code ICRAITR1CM5 identify the same bank: Credito Padano Banca di Credito Cooperativo - Societa Cooperativa in Bordolano, Italy. A SWIFT code shows every bank in the chain which institution should receive the money, a bit like a postal address for banks. In daily life you mostly come across it on international invoices, in payment forms and in the bank details of Credito Padano Banca di Credito Cooperativo - Societa Cooperativa customers.

Below you will find the practical side: money coming in from abroad, paying someone in another country and how to verify a SWIFT code before you hit send. The SWIFT code on its own does not identify an individual account holder; that is what the IBAN or account number .

Scams that use SWIFT codes

Criminals regularly send payment requests with changed bank details sent from what looks like a familiar address. A valid SWIFT code tells you nothing about who owns the account – scammers simply use real codes.

Before paying, verify a change of bank details by phone on a number you know, not one from the message. Urgency and secrecy tend to be red flags. 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.

Fraud can also work the other way. Someone sends too much and wants you to refund the difference via a different route. A payment confirmation from the sender is no proof.

Before you send: check the Credito Padano Banca di Credito Cooperativo - Societa Cooperativa code

The most reliable place for the correct BIC remains a document from the bank itself. If the code you have does not match ICRAITR1 or ICRAITR1CM5, do not guess.

An incorrect BIC can cause delays, a payment being sent back or additional charges for investigation. Remember the account number: a mistake there is harder to correct than a wrong BIC.

Many banking apps validate the format of an IBAN and sometimes look up the BIC automatically, but that does not prove the account belongs to the right person. Some banks now check the name with the account before you confirm – do not ignore a mismatch warning. When you pay someone new, some people start with a small amount first.

Euro transfers to Credito Padano Banca di Credito Cooperativo - Societa Cooperativa: is a BIC needed?

Inside SEPA, euro transfers to an account in Italy follow the same rules and in most cases need only the IBAN. The BIC field is often optional for those payments.

The BIC does come into play when the currency is not euros and when the money comes from outside SEPA. A few banks and apps also show a field for the BIC out of habit; if so, fill in ICRAITR1 or ICRAITR1CM5.

SEPA transfers usually arrive within one business day; instant payments are faster if both banks offer them. Charges on SEPA payments are generally low, as long as no currency conversion is involved.

The Euro and what conversion costs you

Italy pays in the Euro (EUR). Money sent in a different currency is converted into EUR on its way to Credito Padano Banca di Credito Cooperativo - Societa Cooperativa – and the bank that does it picks the rate. You rarely see a separate line for the conversion; it is built into the rate.

Who does the conversion affects how much arrives. Sending the amount already in EUR often prevents an extra conversion at the receiving end – as long as your own rate is good.

Exchange rates change all the time, and some providers let you lock in a rate. With bigger transfers, even seemingly small gap in the rate can be worth more than the fee.

Choosing between the 21 SWIFT codes of Credito Padano Banca di Credito Cooperativo - Societa Cooperativa

Credito Padano Banca di Credito Cooperativo - Societa Cooperativa uses 21 separate SWIFT/BIC codes. Only one is the head office code; the others identify branches, and sometimes specific services.

If nobody asks you for a branch code, use ICRAITR1CM5 or its short form ICRAITR1. Just use a branch code when the account holder explicitly asks for it, for example on an invoice or in their bank details.

The best way is to take the code directly from the account holder’s bank details. Branch codes are more prone to change than ICRAITR1CM5 when a bank merges or closes offices.

About this information

We collect SWIFT/BIC codes from public sources and update them from time to time. Even so, banks merge or change codes. Figures such as the number of codes come from our directory and are not confirmed by Credito Padano Banca di Credito Cooperativo - Societa Cooperativa.

Use this page as a starting point, not as the final word. GoldexPay is not affiliated with Credito Padano Banca di Credito Cooperativo - Societa Cooperativa. Found an error? Tell us via our contact form.

Getting paid from abroad into a Credito Padano Banca di Credito Cooperativo - Societa Cooperativa account

For an international payment at Credito Padano Banca di Credito Cooperativo - Societa Cooperativa, the person paying you has to have not just the SWIFT code. What they need is: the account holder’s name, IBAN or account number, ICRAITR1CM5 or ICRAITR1 and often your home address.

Some sending banks want the address of Credito Padano Banca di Credito Cooperativo - Societa Cooperativa in Bordolano. A mistake in the IBAN is more trouble than it looks; copy them from your banking app rather than typing.

What lands in your account can be less than what was sent. Intermediary banks may deduct a fee, and if the money is converted, a markup on the rate comes on top. Make clear with the sender who covers the fees before the money is sent.

International transfers from Credito Padano Banca di Credito Cooperativo - Societa Cooperativa: the real cost

An international bank payment can cost rather more than the listed fee. There is the fee for the transfer itself, sometimes charges from correspondent banks along the way and, most importantly, the margin on the exchange rate.

The real cost is often in the rate: many banks convert using an exchange rate with a margin built in. A simple test: put the rate you get next to the mid-market rate and look at the difference.

Specialist money transfer services frequently offer rates closer to the mid-market rate. GoldexPay lists transfer providers next to each other, showing what actually arrives for the same amount sent. Choosing a specialist does not mean leaving Credito Padano Banca di Credito Cooperativo - Societa Cooperativa: you simply pay the service from your account.

When will the money arrive at Credito Padano Banca di Credito Cooperativo - Societa Cooperativa?

There is no single answer: many land the same day or the next while others need several business days. Transfers sent late in the day or on weekends and holidays usually go out a business day later. Occasionally a bank asks what the payment is for.

If a transfer is delayed, ask the sending bank for the tracking status so they can trace it along the chain. Specialist transfer services often show a status online showing where the payment has got.

Only the sending bank is able to start an official trace – the recipient’s bank often cannot see a payment that has not arrived. As a recipient, it helps to check your account for a partial amount, since fees may have been deducted.

Why Credito Padano Banca di Credito Cooperativo - Societa Cooperativa has an 8- and an 11-character code

The structure of every SWIFT code is always the same: a bank code of four letters, two for the country and two for the location. The result is ICRAITR1 for Credito Padano Banca di Credito Cooperativo - Societa Cooperativa.

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

In practice the code is written in capitals, without spaces or dashes. Look out for O versus 0 and the letter I and the digit 1, a common source of typos.