In international financial transactions, the accuracy of SWIFT/BIC codes is critical. Many individuals and businesses have experienced delays in transfers due to incomplete or incorrect banking information, leading to unnecessary financial losses. This article provides a detailed breakdown of the SWIFT/BIC code for BANCA MONTE DEI PASCHI DI SIENA S.P.A. and essential details for seamless cross-border fund transfers.
Understanding the SWIFT/BIC Code
The SWIFT code for BANCA MONTE DEI PASCHI DI SIENA S.P.A. is PASCITMMALE . Each segment of this code represents specific banking information, ensuring the transaction reaches the correct institution. The bank is located in Alessandria, Italy, with its address at PIAZZA SOLFERINO 11, ALESSANDRIA, AL, 15100 . Providing these details accurately is essential for successful international transfers.
Currency Conversion and Fees
When sending funds internationally, exchange rates and fees significantly impact the final amount received. For example, if you transfer 10,000 USD to France, the recipient may receive approximately 8,495 EUR , depending on the prevailing exchange rate and applicable charges. This highlights the importance of verifying currency conversion rates and transaction fees before initiating a transfer.
Keeping SWIFT Codes Updated
Financial institutions periodically review and update their SWIFT/BIC codes. Ensuring you have the latest information before initiating a transaction helps prevent delays and ensures funds reach their destination promptly and securely.
By confirming banking details, exchange rates, and fees in advance, individuals and businesses can minimize risks and facilitate smooth international financial transactions.