In today’s increasingly globalized economy, the accuracy of bank identification codes—commonly known as SWIFT or BIC codes—has become paramount for seamless international transactions. For customers of CREDIT AGRICOLE ITALIA S.P.A., understanding the structure and significance of these codes is essential to ensure efficient cross-border transfers.
What Is a SWIFT/BIC Code?
A SWIFT/BIC code is an 8- to 11-character alphanumeric identifier designed to facilitate secure and precise fund transfers between banks and their branches worldwide. For CREDIT AGRICOLE ITALIA S.P.A., the code CRPPIT2P005 breaks down as follows:
- Bank Code (CRPP) : The first four characters uniquely identify CREDIT AGRICOLE ITALIA S.P.A.
- Country Code (IT) : The next two letters indicate the bank’s registration in Italy.
- Location Code (2P) : These characters specify the bank’s primary office location.
- Branch Code (005) : The final three digits pinpoint a specific branch. A code ending with "XXX" typically refers to the bank’s headquarters.
Key Details for CREDIT AGRICOLE ITALIA S.P.A.
SWIFT Code : CRPPIT2P005
Branch Code : 005
Branch Name : CREDIT AGRICOLE ITALIA S.P.A.
Address : VIA ROMA 135, PIACENZA
Best Practices for International Transfers
To minimize errors or delays in cross-border payments, adhere to these guidelines:
- Verify the Bank Name : Ensure the recipient’s bank name matches the SWIFT code provided.
- Confirm Branch Details : If using a branch-specific code, double-check that it aligns with the recipient’s branch.
- Validate the Country Code : Given the global presence of many banks, always confirm the country associated with the SWIFT code.
Conclusion
As international trade and capital flows continue to expand, the precision of financial identifiers like SWIFT/BIC codes becomes indispensable. Proper use of these codes guarantees that funds reach their intended destination securely and without unnecessary delays. For customers of CREDIT AGRICOLE ITALIA S.P.A., this knowledge is a cornerstone of efficient global banking.