In today's globalized economy, international money transfers have become an essential part of daily financial activities. Ensuring the accuracy and security of these transactions is a critical concern for every sender. This is where the SWIFT/BIC code system plays a pivotal role. Today, we examine the SWIFT/BIC code CRPPIT2P001 used by Crédit Agricole Italia S.p.A., providing clarity for seamless cross-border payments.
Decoding CRPPIT2P001: The International Identifier
The code CRPPIT2P001 serves as Crédit Agricole Italia's unique global identifier within the SWIFT network, a mandatory element for international wire transfers. Its structure follows standardized components that reveal specific banking information:
- CRPP - Bank code identifying Crédit Agricole
- IT - Country code (Italy)
- 2P - Location code for Piacenza
- 001 - Branch identifier
Operational Importance in Transactions
Precision in using this 11-character code is non-negotiable. Any discrepancy in the SWIFT/BIC code during fund transfers may result in:
- Delayed or failed transactions
- Potential misrouting of funds
- Additional recovery costs
For complete transaction security, senders should combine the SWIFT code with the bank's verified address:
Via Poggiali 18, Piacenza, PC, 29121, Italy
Advantages of Standardized SWIFT Transfers
The CRPPIT2P001 code enables:
- Faster processing compared to conventional transfers
- Enhanced security through bank-level verification
- Global interoperability between financial institutions
This standardization benefits both individual remittances and corporate payments, reducing operational risks in international money movement. Financial professionals emphasize that understanding SWIFT/BIC protocols is fundamental for anyone engaged in cross-border finance.