In international financial transactions, SWIFT codes play a vital role as the key identifier ensuring funds reach the intended beneficiary account securely. Understanding how to use these codes correctly is essential for seamless cross-border transfers. For instance, CREDIT AGRICOLE ITALIA S.P.A. operates with the SWIFT code CRPPIT2P009 , and accurate usage of this code guarantees efficient fund transfers.
How SWIFT Codes Work
When initiating a transfer through CREDIT AGRICOLE ITALIA S.P.A.—for example, sending $10,000.00—the beneficiary typically receives approximately €8,488.00. One critical factor to consider is the bank's fee structure. In this case, the transfer fee is $0.00, allowing senders to maximize the amount transferred without deductions.
Transfers are processed via bank accounts and usually take three business days to complete. This standard timeframe accounts for processing and clearing procedures across international financial institutions. To avoid delays, it is advisable to plan transfers with sufficient lead time.
Key Details for Accurate Transfers
When using CREDIT AGRICOLE ITALIA S.P.A., the bank’s address must be precisely specified as:
VIA MARTIRI DELLA RESISTENZA 16/18, PIACENZA, PC, 29100, Italy.
Understanding SWIFT Code Structure
SWIFT codes consist of 8 to 11 characters, structured as follows:
- First 4 characters: Bank code (e.g., CRPP for CREDIT AGRICOLE ITALIA S.P.A.)
- Next 2 characters: Country code ( IT for Italy)
- Following 2 characters: Location code (e.g., 2P )
- Last 3 characters (optional): Branch-specific identifier (e.g., 009 )
In summary, the SWIFT code CRPPIT2P009 is indispensable for international transfers involving CREDIT AGRICOLE ITALIA S.P.A. Verifying all transaction details before initiating a transfer ensures both security and efficiency.