IBAN for Banca Monte dei Paschi di Siena
Banca Monte dei Paschi di Siena is a major bank in Italy. IBANs at Banca Monte dei Paschi di Siena are 27 characters long with SWIFT/BIC code PASCITMM. World's oldest operating bank. ABI code 01030.
Banca Monte dei Paschi di Siena
Italy · EUR
How to Pay Banca Monte dei Paschi di Siena in Italy via Bitwage
Italy is in the SEPA zone. Bitwage routes payments to Banca Monte dei Paschi di Siena accounts via SEPA instant transfer — typically settling in under 10 seconds, with fees far below a SWIFT wire.
Add Your Contractor
In Bitwage's contractor payments dashboard, add your Italy contractor. Enter their Banca Monte dei Paschi di Siena IBAN (27 characters) and SWIFT code PASCITMM.
Fund Your Bitwage Balance
Deposit USD into your Bitwage Balance. No need to pre-convert to local currency — Bitwage handles FX at a locked rate.
Execute the Payment
Bitwage converts your USD to EUR and routes via SEPA. Your contractor's Banca Monte dei Paschi di Siena account is credited — typically same day.
Compliance & OFAC Screening
Bitwage screens every payment against OFAC sanctions lists before execution. International payments to Italy may require standard EU AML checks and contractor W-8BEN documentation. Bitwage handles this automatically for all Italy payments.
Key Terms & Resources
Other Banks in Italy
Also paying contractors at other Italy banks?
Banca Monte dei Paschi di Siena IBAN FAQ
Common questions about Banca Monte dei Paschi di Siena IBAN format, SWIFT code, and paying Italy contractors.
Banca Monte dei Paschi di Siena IBANs are 27 characters long and start with IT. A typical example is IT43 S015 3001 8000 0000 0123 456. World's oldest operating bank. ABI code 01030. For international payments you will also need the SWIFT/BIC code PASCITMM.
The SWIFT/BIC code for Banca Monte dei Paschi di Siena is <strong>PASCITMM</strong>. This identifies Banca Monte dei Paschi di Siena on the global SWIFT international wire transfer network. For SEPA transfers within the EU/EEA, the IBAN alone is sufficient — the SWIFT code is only required for non-SEPA international wires.
Add your contractor's Banca Monte dei Paschi di Siena IBAN to Bitwage's {{link:products/contractor-payments}} platform. Since Italy is in the SEPA bank transfer zone, Bitwage routes the payment via SEPA instant — typically settling in seconds at near-zero cost. No SWIFT wire fee.
Yes. With {{link:products/masspay}} you can include any number of Italy contractors — including multiple Banca Monte dei Paschi di Siena accounts — in a single CSV payment run. Bitwage validates each IBAN, locks the FX rate lock, and routes all payments simultaneously.
Related Resources
Pay Banca Monte dei Paschi di Siena in Italy
Without the SWIFT Fee
Skip the $25–50 wire fee. Bitwage routes via SEPA instant — faster and cheaper for every contractor payment.