Emil Banca Credito Cooperativo Bologna Soc. Coop. SWIFT/BIC code

ICRAITR1 – the SWIFT/BIC code of Emil Banca Credito Cooperativo Bologna Soc. Coop.

The short code ICRAITR1 and the full code ICRAITR1T19 refer to the same bank: Emil Banca Credito Cooperativo Bologna Soc. Coop. in Altedo (Malalbergo), Italy. Every bank on the SWIFT network uses these codes to route payments between countries to the right bank. In daily life you mostly come across it on international invoices, in your banking app and on the account details of Emil Banca Credito Cooperativo Bologna Soc. Coop. customers.

On this page you can read what the code is put together, when it matters and which other details a transfer to or from Emil Banca Credito Cooperativo Bologna Soc. Coop. requires. The BIC names a bank or branch, never a specific account, which is why you always need the account number too.

How to check ICRAITR1 before you pay

The most reliable source for a SWIFT code is the bank details provided by the recipient: an invoice, a bank statement or their online banking. Compare that code with ICRAITR1 here and ask if anything does not match.

With a wrong code, the payment may get stuck, bounce back or end up costing more. A mistake in the account number is more serious, because the money may be credited to someone else.

An automatic check by your bank merely tells you that the IBAN exists – not that it belongs to the person you mean to pay. Some banks now check the name with the account; take any warning seriously. When you pay someone new, some people start with a small test amount.

Euro transfers to Emil Banca Credito Cooperativo Bologna Soc. Coop.: is a BIC needed?

Within the SEPA zone, euro payments to an account in Italy use the same rules. A field for the BIC is often optional for those payments.

You will still need ICRAITR1T19 when sending payments in other currencies or transfers from countries outside SEPA. A few banks and apps still ask for the BIC; if so, enter ICRAITR1 or ICRAITR1T19.

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

The Euro and what conversion costs you

Most accounts at Emil Banca Credito Cooperativo Bologna Soc. Coop. are typically held in EUR, the national currency of Italy. When you pay another currency has to be converted somewhere along the way: by your bank, an intermediary or Emil Banca Credito Cooperativo Bologna Soc. Coop. itself. There is rarely a separate charge for that conversion; it is built into the rate.

Where the conversion happens affects how much arrives, since every bank sets its own rate. In many cases it is cheaper to send EUR directly through a transfer service with a good rate.

The rate for EUR changes throughout the day and quotes are often valid only for a short time. If you pay regularly, small differences in the rate add up over a year.

How up to date is this code?

The details here are taken from public sources. It is possible that a code on this page is out of date after a merger or reorganisation. The figures on this page are based on our own data and not on information from Emil Banca Credito Cooperativo Bologna Soc. Coop. itself.

Treat our directory here as a handy check and rely on the recipient or Emil Banca Credito Cooperativo Bologna Soc. Coop. for the final confirmation. GoldexPay has no connection to Emil Banca Credito Cooperativo Bologna Soc. Coop., we only compare transfer services. Found an error? Tell us through the contact page and we will look into it.

Choosing between the 51 SWIFT codes of Emil Banca Credito Cooperativo Bologna Soc. Coop.

With 51 codes in 35 cities, Emil Banca Credito Cooperativo Bologna Soc. Coop. is one of the banks that register separate codes for parts of the organisation and departments. The main code is ICRAITR1T19.

Unless the recipient tells you otherwise, go with ICRAITR1T19 or its short form ICRAITR1. When you receive a specific code, use it as it is rather than replacing it for the head office code.

When in doubt, ask the person you are paying for the exact BIC in their bank details. Codes can change over time, so a code from an old document is not always valid.

What a transfer from Emil Banca Credito Cooperativo Bologna Soc. Coop. abroad really costs

If you send money to another country through Emil Banca Credito Cooperativo Bologna Soc. Coop., the fee you see is only part of what you pay. You pay the fee for the transfer itself, sometimes fees charged by intermediary banks in between and, above all, the exchange rate markup.

Many banks do not list their exchange rate markup as a cost, but you pay it all the same. Check their rate with the mid-market rate. The difference is your real conversion cost.

Money transfer services frequently offer rates closer to the mid-market rate with clearer fees. GoldexPay compares these services side by side, showing what actually arrives for the same amount sent. Choosing a specialist does not require closing your account at Emil Banca Credito Cooperativo Bologna Soc. Coop.: you simply pay the service from your account.

What the XXX in ICRAITR1T19 means

The layout of a BIC is always the same: a bank code of four letters, a two-letter country code and two for the location, plus an optional branch code. The result is ICRAITR1 for Emil Banca Credito Cooperativo Bologna Soc. Coop..

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

Do not add spaces, dots when you type ICRAITR1; the code is always written in one block. Watch for O versus 0 and the letter I and the digit 1; they are easy to mix up.

Changed bank details? Be careful

Be wary when someone unexpectedly asks you to pay into a different account. A correct SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Verify new payment details through a different channel, never via the email that asked for the change. Pressure and secrecy are red flags. When a payment has already gone to a fraudster, contact your bank immediately.

Fraud also work the other way: someone claims to have sent more than agreed and asks you to return the difference. Do not act before the money has really arrived – ask Emil Banca Credito Cooperativo Bologna Soc. Coop. if something looks wrong.

What to give a sender who pays you at Emil Banca Credito Cooperativo Bologna Soc. Coop.

A sender in another country will ask for a few details about your account. In practice that means: your name exactly as it appears on the account, your IBAN or account number, the BIC ICRAITR1T19 and sometimes your postal address.

Some banks also ask for the name and address of Emil Banca Credito Cooperativo Bologna Soc. Coop. in Altedo (Malalbergo); it does no harm to include it. A typo in your account number is more trouble than you might think, so copy the details from your online banking.

An incoming payment will not always arrive in full. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the money is converted, an exchange rate margin applies. On invoices, you can agree how the fees are split, so that nobody is left short.

How long does an international transfer to Emil Banca Credito Cooperativo Bologna Soc. Coop. take?

An international transfer usually takes anywhere from one to several business days – it depends on currency, route and the banks in between. Weekends and public holidays in either country can add a day or more to the journey. Sometimes a bank asks about the purpose of a payment, which can hold things up.

Many banks are connected to SWIFT gpi for faster and traceable payments. Each gpi transfer gets a unique reference, the UETR that banks can use to trace it. Keep your transfer receipt until the recipient confirms; it contains the details a bank needs to start a trace.

If the money does not arrive within the expected time, the sender needs to start with the bank that sent it, not the receiving bank. Request from the sender a copy of the payment confirmation including the reference.