Have you ever experienced the frustration of sending an international payment to the wrong bank? This common issue often stems from a lack of understanding about SWIFT codes. These unique identifiers are used by financial institutions worldwide to ensure funds reach their intended destination accurately. This article examines the SWIFT code for ING-DIBA AG, a prominent German retail bank, and explains how to use it for seamless cross-border transactions.
The Structure of ING-DIBA AG's SWIFT Code
ING-DIBA AG, headquartered in Frankfurt, Germany, uses the SWIFT code INGDDEFFTSY . This alphanumeric sequence contains specific information about the bank and its location:
- INGD : Identifies the banking group (ING)
- DE : Country code for Germany
- FF : Location code for Frankfurt
- TSY : Branch identifier for precise routing
Bank Location and Transaction Accuracy
The bank's primary address is Theodor-Heuss-Allee 2, 60486 Frankfurt am Main, Hessen, Germany. Using the correct SWIFT code is critical for international money transfers. Incorrect codes may result in delayed transactions or, in some cases, financial losses.
When to Use INGDDEFFTSY
This specific SWIFT code becomes essential when sending international payments to accounts held with ING-DIBA AG. It ensures funds follow the correct routing path to reach the intended recipient. Financial institutions and individuals should always verify SWIFT codes before initiating transfers to prevent complications.
Understanding SWIFT code protocols represents a fundamental requirement for both personal and corporate clients conducting international transactions. When preparing cross-border payments to ING-DIBA AG, remembering and correctly applying the code INGDDEFFTSY helps guarantee successful fund transfers.