
In global banking transactions, the accuracy of SWIFT/BIC codes is paramount. Did you know that an incorrect bank code can lead to transfer delays or even financial losses? This article provides a detailed breakdown of the SWIFT/BIC code for Denmark's SYDBANK A/S and explains how to ensure its correct use for international transfers.
What Is a SWIFT/BIC Code?
A SWIFT/BIC code is an 8- to 11-character alphanumeric identifier used to uniquely represent a specific bank and its branch in global transactions. For international wire transfers, this code is critical to ensuring funds reach the intended destination accurately.
Decoding SYDBANK A/S’s SWIFT/BIC Code
The full SWIFT/BIC code for SYDBANK A/S is: SYBKDK22DKK . Here’s how it breaks down:
- Bank Code (SYBK) : Represents SYDBANK A/S.
- Country Code (DK) : Indicates the bank is located in Denmark.
- Location Code (22) : Refers to the bank’s headquarters.
- Branch Code (DKK) : A 3-digit identifier for a specific branch. If the code ends with "XXX," it typically represents the bank’s primary office.
The first 8 characters ( SYBKDK22 ) identify the bank as a whole, while the last 3 ( DKK ) specify the branch.
Bank Address and Basic Information
- Branch Name : SYDBANK A/S
- Address : PEBERLYK 4
- City : AABENRAA
Key Considerations When Using SWIFT Codes
To avoid delays or complications in fund transfers, keep the following in mind:
- Verify Bank Details : Ensure the recipient’s bank name matches the SWIFT code to prevent misdirected transfers.
- Confirm Branch Information : If using a branch-specific code, double-check that it corresponds to the recipient’s branch.
- Check the Country Code : Since banks operate globally, confirming the country code aligns with the recipient’s location is essential.
Adhering to these guidelines will help ensure smooth and secure international transactions.
Conclusion
An accurate SWIFT/BIC code is indispensable for international financial transactions. Every detail matters when it comes to the movement of funds, so thorough verification before initiating a transfer is the best way to safeguard your interests.