In our globalized economy, international money transfers have become commonplace. However, the smooth transmission of funds between banks often depends on understanding key details, particularly SWIFT codes. For those looking to send money to BANCA MONTE DEI PASCHI DI SIENA S.P.A. in Italy, this guide provides the bank's SWIFT code and essential information to ensure your funds reach their destination safely and efficiently.
Bank Name: BANCA MONTE DEI PASCHI DI SIENA S.P.A.
SWIFT Code: PASCITMMAMB
City: Bucine
Address: Via Roma 15, Ambra, Bucine, AR, 52021
Country: Italy
The standardized SWIFT code serves as a unique identifier for financial institutions, facilitating secure and efficient transactions across the global banking network. When initiating international transfers, verifying the accuracy of SWIFT information is crucial.
Understanding the Transfer Process
Consider a typical transfer scenario: sending $10,000.00 to France might result in the recipient receiving approximately €8,495.00. Such transactions typically complete within three business days, though processing times may vary depending on bank policies and transfer methods.
Required Information for International Transfers
To execute an international wire transfer, you'll need to provide your bank with:
- The exact transfer amount
- Currency of the transfer
- Recipient bank's SWIFT code (PASCITMMAMB for BANCA MONTE DEI PASCHI DI SIENA S.P.A.)
- Recipient's bank account number
- Recipient's full name and address
Once all information is verified, funds will move through the appropriate banking networks. For cross-border transactions, using the correct SWIFT code remains the most reliable method to ensure accurate delivery.
Why SWIFT Codes Matter
In today's rapidly evolving international financial landscape, understanding and properly using SWIFT codes is essential for anyone conducting cross-border transactions. The code PASCITMMAMB for BANCA MONTE DEI PASCHI DI SIENA S.P.A. helps minimize transfer risks while improving transaction accuracy and efficiency.
Maintaining accurate banking information facilitates smoother currency exchanges and financial management, particularly when time-sensitive transactions are involved.