Banca Agricola Commerciale Istituto Bancario Sammarinese S.P.A. SWIFT/BIC code

SWIFT/BIC code of Banca Agricola Commerciale Istituto Bancario Sammarinese S.P.A.

Whether you are given BASMSMSM or BASMSMSMXXX, it is the same address for Banca Agricola Commerciale Istituto Bancario Sammarinese S.P.A. in San Marino. Banks worldwide use these codes to route payments between countries to the correct bank. You will need it mainly for transfers between countries and payments in foreign currencies.

We wrote this page to help people who sends money to an account at Banca Agricola Commerciale Istituto Bancario Sammarinese S.P.A.. The BIC identifies an institution, not a single account, which is why you always need the account number too.

Choosing between the 6 SWIFT codes of Banca Agricola Commerciale Istituto Bancario Sammarinese S.P.A.

Having 6 codes in 3 locations, Banca Agricola Commerciale Istituto Bancario Sammarinese S.P.A. belongs to the banks that use individual codes for branches and departments. The main code is BASMSMSMXXX.

Usually there is no need to look up a branch: payments sent to BASMSMSMXXX reach Banca Agricola Commerciale Istituto Bancario Sammarinese S.P.A. without problems. Only use a branch code when the account holder explicitly asks for it, for example on an invoice or in their bank details.

Not sure which code applies? Check with the recipient. Branch codes can change when banks reorganise, so a code from an old document is not always valid.

What a transfer from Banca Agricola Commerciale Istituto Bancario Sammarinese S.P.A. abroad really costs

A bank transfer abroad can cost rather more than the fee suggests. You pay the transfer fee, sometimes fees charged by intermediary banks in between and, above all, the exchange rate markup.

The markup on the rate is often the biggest cost even though it is not listed as a fee. An easy check: put the bank’s rate next to the mid-market rate for the same moment and work out the difference on your amount.

Money transfer services frequently offer rates closer to the mid-market rate. Next time you send money, it is worth comparing what arrives via GoldexPay instead of going straight to your bank. Choosing a specialist does not require closing your account at Banca Agricola Commerciale Istituto Bancario Sammarinese S.P.A..

Paying into Banca Agricola Commerciale Istituto Bancario Sammarinese S.P.A. in EUR

San Marino pays in the Euro. If you send money in a different currency it gets converted at some point: by your bank, an intermediary or Banca Agricola Commerciale Istituto Bancario Sammarinese S.P.A. itself. There is rarely a separate charge for the conversion – the cost sits in the rate.

Who does the conversion has an effect on the final amount. Sending the money directly in EUR often avoids an extra conversion by Banca Agricola Commerciale Istituto Bancario Sammarinese S.P.A. – as long as your own rate is good.

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

Tracking a transfer to or from Banca Agricola Commerciale Istituto Bancario Sammarinese S.P.A.

There is no fixed delivery time for every transfer: some arrive within a day, others take several business days. Transfers sent late in the day or just before a weekend or public holiday often start a business day later. Sometimes a bank wants to know about the purpose of a payment before releasing it.

A growing number of banks are connected to SWIFT gpi. Each gpi transfer carries a unique transaction reference, the UETR. Keep the payment confirmation; it contains the details a bank needs to start a trace.

If a payment has not arrived within the expected time, the sender should start with the bank that sent it, not the receiving bank. As a recipient, you can check your account for a partial amount.

8 or 11 characters: BASMSMSM versus BASMSMSMXXX

A BIC is made up of fixed blocks: the first four letters identify the bank, characters five and six give the country and characters seven and eight mark the location. That gives you BASMSMSM.

XXX at the end of BASMSMSMXXX does not stand for a missing value or an error: it stands for the head office of Banca Agricola Commerciale Istituto Bancario Sammarinese S.P.A.. Certain payment forms ask for 11 characters, and then you simply add XXX behind BASMSMSM.

Enter the code in one piece, in upper case and without separators, exactly as shown here. Pasting the code beats retyping it.

Watch out for payment fraud

Scammers often send payment requests with changed bank details sent from what looks like a familiar address. The fact that BASMSMSM exists is no guarantee that a request mentioning it is genuine.

Before paying, confirm a change of bank details through a phone call. Watch out for time pressure, odd spelling or an email address that differs by one letter. Acted too fast? Call the bank you paid from without delay and ask them to start a recall.

People receiving money can be targeted as well: a classic trick is a buyer who pays too much followed by a request to refund the difference abroad. Do not act before the money has really arrived – ask Banca Agricola Commerciale Istituto Bancario Sammarinese S.P.A. if something looks wrong.

How to check BASMSMSM before you pay

Ask the recipient to send you the bank details directly from their banking app. When the code you were given differs from BASMSMSM or BASMSMSMXXX, stop and ask – contact the recipient or Banca Agricola Commerciale Istituto Bancario Sammarinese S.P.A..

Mistakes in the SWIFT code are annoying rather than disastrous. An error in the account number is a bigger problem, because the money may be credited to someone else, so check that just as carefully.

A validity check in your banking app merely tells you that the IBAN is valid, not that it is the right account. Some banks now compare the payee 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 before sending the rest.

SEPA payments and the Banca Agricola Commerciale Istituto Bancario Sammarinese S.P.A. BIC

Within the SEPA zone, euro transfers to an account in San Marino use common rules, so the IBAN does the job in most cases. The BIC field is often optional in that case.

For anything other than euros and from non-SEPA countries, BASMSMSMXXX is still part of the payment details. A few forms also show a field for the BIC; in that case, fill in BASMSMSM or BASMSMSMXXX.

SEPA transfers normally land by the next business day. As long as the payment stays in euros, a SEPA transfer tends to be inexpensive.

How up to date is this code?

This directory is compiled from public sources and is updated regularly. Even so, banks merge, rename themselves or retire codes, so information can be out of date. Counts and locations come from our own dataset and may differ from what Banca Agricola Commerciale Istituto Bancario Sammarinese S.P.A. publishes.

Treat our data as a starting point, rather than as the final word. GoldexPay is an independent comparison service for money transfers and not part of Banca Agricola Commerciale Istituto Bancario Sammarinese S.P.A.. Found outdated information? Tell us via our contact form and we will look into it.

Getting paid from abroad into a Banca Agricola Commerciale Istituto Bancario Sammarinese S.P.A. account

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

It helps to add Banca Agricola Commerciale Istituto Bancario Sammarinese S.P.A. and Dogana as well, because some payment forms have separate fields for them. Check the details before you send them – a sender rarely spots a mistake in someone else’s details.

What lands in your account is often lower than the amount sent. Intermediary banks may deduct a fee, Banca Agricola Commerciale Istituto Bancario Sammarinese S.P.A. may charge for incoming payments, and if the money is converted, a markup on the rate applies. Make clear with the sender who pays which costs, especially for larger amounts.