Credit Agricole Italia Explains SWIFTBIC Codes for International Transfers

This article introduces the SWIFT/BIC code CRPPIT2P009 for CREDIT AGRICOLE ITALIA S.P.A. and its significance in international remittances. It emphasizes the importance of verifying the accuracy of the bank, branch, and country when conducting cross-border transactions to ensure smooth processing. The article suggests using Xe for transactions to enhance the security of remittances.
Credit Agricole Italia Explains SWIFTBIC Codes for International Transfers

In an era of increasing cross-border transactions, SWIFT/BIC codes have become indispensable tools for international financial operations. Ensuring the accuracy of these codes is paramount to safeguarding funds and facilitating seamless transactions. A closer look at CREDIT AGRICOLE ITALIA S.P.A. and its SWIFT/BIC code highlights why precision matters in global money transfers.

The SWIFT/BIC code for CREDIT AGRICOLE ITALIA S.P.A. is CRPPIT2P009 . This alphanumeric identifier is structured to provide specific banking details:

  • Bank Code (CRPP): A four-letter sequence uniquely identifying CREDIT AGRICOLE ITALIA S.P.A.
  • Country Code (IT): A two-letter designation confirming the bank’s headquarters in Italy.
  • Location Code (2P): Indicates the bank’s geographic position.
  • Branch Code (009): A three-digit suffix pinpointing the specific branch. Notably, a branch code ending with "XXX" refers to the bank’s head office.

Understanding the Components

CREDIT AGRICOLE ITALIA S.P.A.’s SWIFT code consists of two parts:

  • The 8-character SWIFT code (CRPPIT2P) serves as the primary identifier for the bank.
  • The additional 3-digit branch code (009) specifies the exact branch located at VIA MARTIRI DELLA RESISTENZA 16/18 in PIACENZA.

Why Accuracy Matters

Incorrect SWIFT/BIC codes can lead to delayed or failed transactions. To minimize risks, verify the following before initiating an international transfer:

  1. Bank Verification: Confirm the recipient’s bank name matches the selected institution.
  2. Branch Validation: If using a branch-specific SWIFT code, ensure alignment with the recipient’s branch details.
  3. Country Consistency: Cross-check that the SWIFT code corresponds to the destination country.

For transfers to CREDIT AGRICOLE ITALIA S.P.A., using trusted financial services can enhance security and efficiency. A thorough understanding of SWIFT/BIC codes equips users to navigate potential challenges in international banking.