08 May 2026
Are you trying to send money to a Banca Monte dei Paschi di Siena account? For many expats, international banking feels like a maze of technical jargon. But understanding SWIFT codes is the secret to ensuring your funds move smoothly across borders without getting stuck in transit.
Precision matters in global finance. Just as a verified SWIFT code secures your transfer to Italy, ACE Money Transfer secures your support for family with better exchange rates and verified delivery.
Banca Monte dei Paschi di Siena is the oldest bank in the world, operating since 1472. Having the correct identifier ensures your funds reach this historic institution safely.
The primary SWIFT/BIC code for Banca Monte dei Paschi di Siena is used for all international transactions arriving at its head office and branch network.
While the head office code works for most, some transfers require more precision. Italy has a deeply rooted local banking culture, and MPS has branches in almost every corner of the country.
Identifies the specific bank, country, and city instantly.
Prevents manual bank intervention, which can delay funds by 3–5 days.
Ensures the receiving bank in Italy recognizes incoming funds as legitimate.
This is where many people get confused. Here is how to keep them separate:
Many expats fall into the trap of using traditional banks. While you need the MPS SWIFT code, using a bank to send the money often results in hidden costs like exchange rate margins and fixed fees.
The World Bank suggests that the average cost of sending remittances globally can be as high as 6.36%. By choosing a dedicated service, you can keep more of those Euros in your family’s pocket.
The goal is to get your money to Banca Monte dei Paschi di Siena quickly and safely. Using a platform designed for mobile users allows you to track your transfer in real-time, moving from "I hope this works" to "I know it's there."
No. The SWIFT code identifies the bank (MPS), while the IBAN identifies the specific individual account. You need both for transfers to Italy.
Yes. Using PASC IT MM XXX will direct funds to the main system of Banca Monte dei Paschi di Siena, where they are routed via the IBAN.
The money may be sent to the wrong bank or rejected and returned to your account. This process can take several days or weeks and may incur failed processing fees.
Yes. While the core code “PASC IT MM” remains consistent, the final three characters change to specify a branch in Rome, Milan, or Florence.
