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

Credito Padano Banca di Credito Cooperativo-Societa Cooperativa SWIFT code: ICRAITR1

Whether a recipient gives you ICRAITR1 or ICRAITR1CMW, it is the same address for Credito Padano Banca di Credito Cooperativo-Societa Cooperativa in Italy. The code does one job: it makes sure that money from abroad reaches the right bank. In practice you mostly see it on international invoices, in your banking app and in the bank details of Credito Padano Banca di Credito Cooperativo-Societa Cooperativa customers.

On this page we explain how the code is put together, when it matters and which other details you need for a transfer to or from Credito Padano Banca di Credito Cooperativo-Societa Cooperativa. The BIC identifies an institution, never a single account.

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

Italy is part of the SEPA area, the zone for standardised euro payments. When you send euros from another SEPA country, the IBAN is usually enough; many banks no longer ask for the BIC.

For anything other than euros and from non-SEPA countries, ICRAITR1CMW remains required. A few banks and apps still show a field for the BIC; in that case, fill in ICRAITR1 or ICRAITR1CMW.

SEPA transfers usually arrive by the next business day; instant payments are faster if both banks offer them. Provided the payment stays in euros, the transfer tends to be cheap; it is the conversion that costs money.

How to check ICRAITR1 before you pay

The most reliable source for a SWIFT code is the recipient’s own bank details: an invoice, a bank statement or their online banking. Check it with ICRAITR1 here and ask if anything does not match.

If the code is wrong, the payment might be delayed, bounce back or cost extra. Do not forget the account number: a mistake there is more difficult to undo than a wrong code.

Many banking apps validate the structure of an IBAN and some suggest the matching BIC – that confirms the format, not the owner. More and more banks compare the payee name against the account. A small test payment can be a sensible step for large sums despite the extra fee.

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

Someone abroad who wants to pay you will ask for several details about your account – incomplete details often cause delays. Give them your name as the bank knows it, the IBAN or account number, the BIC ICRAITR1CMW and your address, which some banks require.

Certain banks also ask for the bank’s address. A typo in your account number can be harder to fix than it looks.

Expect that the amount credited is below what the sender paid. Charges on incoming payments vary per bank. Make clear with the sender who pays which costs, especially for larger amounts.

What the XXX in ICRAITR1CMW means

Every SWIFT/BIC code has the same eight core characters: a four-letter bank code, two letters for the country and a two-character location code. In this case, that core is ICRAITR1.

Many payment forms accept both lengths. If yours asks for eleven characters, enter ICRAITR1CMW, otherwise ICRAITR1 is fine.

In practice the code is typed in capitals, without spaces or dashes. A single character can send the money to another bank, so copy it carefully.

About this information

We gather SWIFT/BIC codes using publicly available data and update them from time to time. Even so, banks merge or retire codes, so information can be out of date. The number of codes we show reflect our own data, not official figures from Credito Padano Banca di Credito Cooperativo-Societa Cooperativa.

Treat our data as a reference, not as the last word – the bank details from the recipient are leading. GoldexPay is an independent comparison service and not part of Credito Padano Banca di Credito Cooperativo-Societa Cooperativa. Spotted an error? Let us know via our contact form so we can correct it.

Sending EUR to Credito Padano Banca di Credito Cooperativo-Societa Cooperativa

The currency of Italy is the Euro (EUR). A payment in a foreign currency will be exchanged into EUR before it reaches the account. There is rarely a separate charge for that conversion; it is built into the rate.

Which bank converts the payment matters. Check what EUR arrives via several providers.

The EUR rate fluctuates throughout the day and quotes are often valid only for a short time. With bigger transfers, a small gap in the rate adds up quickly.

Sending money abroad from Credito Padano Banca di Credito Cooperativo-Societa Cooperativa

If you transfer money to another country via Credito Padano Banca di Credito Cooperativo-Societa Cooperativa, the fee you see is rarely all of the cost. On top of the transfer fee, banks in between may deduct a fee, and if the money changes currency, the bank often uses a rate that is less favourable than the actual market rate.

The markup on the rate is often the largest cost even though it is not listed as a fee. Compare their rate against the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

Specialised transfer providers frequently offer a rate near the mid-market rate. Next time you send money, it is worth comparing what arrives via GoldexPay instead of going straight to your bank. You can still use your account at Credito Padano Banca di Credito Cooperativo-Societa Cooperativa; only the conversion and sending happen elsewhere.

Transfer times and tracking a payment to Credito Padano Banca di Credito Cooperativo-Societa Cooperativa

There is no fixed answer for international payments: many land the same day or the next. Transfers sent after the cut-off time or just before a weekend or public holiday often go out the next business day. Compliance checks on larger or unusual payments may also add a delay, regardless of the details.

A growing number of banks use SWIFT gpi for faster and traceable payments. Each gpi transfer gets a unique reference, the UETR. Specialist transfer services often provide tracking in their app showing where the payment has got.

If a payment has not arrived within the expected time, the sender needs to start with the bank that sent it. On the receiving end, you can look at your account to see a partial amount.

Scams that use SWIFT codes

Scammers regularly use payment requests with new bank details sent from what looks like a familiar address. A valid SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Always confirm changed bank details through a phone call on a number you know, not one from the message. Urgency or requests to keep it quiet tend to be warning signs – a real supplier can wait a day. When a payment was sent to the wrong account, contact your bank immediately: the sooner they act, the better the chance of a recall.

Recipients are targeted too: one known trick is an overpayment and then sends a request to refund the difference abroad. A screenshot of a transfer proves nothing; only your own account shows what has arrived.

Which of the 13 codes of Credito Padano Banca di Credito Cooperativo-Societa Cooperativa do you need?

Credito Padano Banca di Credito Cooperativo-Societa Cooperativa has 13 separate SWIFT/BIC codes across 13 locations. One of them is the head office code; the rest belong to branches or departments, and sometimes specific services.

If nobody asks you for a branch code, go with ICRAITR1CMW or its short form ICRAITR1. A branch code only makes sense if the account holder explicitly mentions it, which is more common for corporate accounts and specialised services.

The best way is to take the code directly from the account holder’s bank details. Codes can change when banks reorganise, so a code from an old document is not always valid.