In international financial transactions, the accuracy of wire transfers is paramount. To ensure funds reach the intended bank account securely, understanding a bank's SWIFT/BIC code is essential. This report provides detailed information about the SWIFT/BIC code for BANCA MONTE DEI PASCHI DI SIENA S.P.A., one of Italy's prominent financial institutions.
1. Overview of BANCA MONTE DEI PASCHI DI SIENA S.P.A.'s SWIFT/BIC Code
The SWIFT/BIC code for BANCA MONTE DEI PASCHI DI SIENA S.P.A. is PASCITMMABB . Below are the key details associated with this code:
- Bank Name: BANCA MONTE DEI PASCHI DI SIENA S.P.A.
- City: Abbadia San Salvatore
- Address: Abbadia San Salvatore, SI, 53021
- Country: Italy
2. When to Use PASCITMMABB
SWIFT codes play a critical role in international wire transfers, ensuring funds are routed accurately. When initiating or receiving cross-border transactions involving BANCA MONTE DEI PASCHI DI SIENA S.P.A., using the correct code PASCITMMABB is vital to avoid delays or errors. Consider the following precautions:
- Verify Recipient Details: Confirm the recipient's bank information, including account number and name, matches precisely.
- Double-Check SWIFT Code: Ensure the code corresponds to the recipient's specific branch to prevent misrouting.
3. Breakdown of the SWIFT/BIC Code
SWIFT/BIC codes typically consist of 8–11 characters, uniquely identifying banks and their branches globally. The structure of PASCITMMABB is as follows:
- PASC: Bank code for BANCA MONTE DEI PASCHI DI SIENA S.P.A.
- IT: Country code (Italy).
- MM: Location code for the bank's city.
- ABB: Branch code (specific to Abbadia San Salvatore).
4. Importance of Accurate SWIFT Code Usage
Incorrect SWIFT codes may lead to transaction delays or loss of funds. Verifying the code against the recipient's bank details is the sender's responsibility. Precise information minimizes risks and streamlines cross-border payments.
In summary, PASCITMMABB is the essential identifier for international transfers involving BANCA MONTE DEI PASCHI DI SIENA S.P.A. Attention to detail ensures seamless and secure transactions.