SYDBANK AS SWIFT Code Key for Global Transfers

This article analyzes the SWIFT/BIC code SYBKDK22DKK for SYDBANK A/S and offers important considerations for using this code in international transfers, helping readers avoid delays and erroneous transactions.
SYDBANK AS SWIFT Code Key for Global Transfers

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:

  1. Verify Bank Details : Ensure the recipient’s bank name matches the SWIFT code to prevent misdirected transfers.
  2. Confirm Branch Information : If using a branch-specific code, double-check that it corresponds to the recipient’s branch.
  3. 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.