International money transfers can be complex, with many individuals and businesses struggling to ensure their funds reach the intended destination safely and efficiently. Whether paying overseas bills or conducting cross-border transactions, understanding how to correctly use SWIFT codes is essential. This guide focuses on ING-DIBA AG, a retail bank based in Germany, and its SWIFT code to help streamline your international transfers.
Key Details for ING-DIBA AG
ING-DIBA AG is headquartered in Frankfurt, Germany, with the following address:
Theodor-Heuss-Allee 2, Frankfurt am Main, Hessen, 60486, Germany.
The bank’s SWIFT/BIC code is INGDDEFFXXX , a critical identifier required for international wire transfers to this institution.
Why SWIFT Codes Matter
SWIFT codes, also known as Bank Identifier Codes (BIC), are standardized alphanumeric tags used to identify financial institutions globally. These codes ensure that funds are routed accurately during international transactions. When sending money to ING-DIBA AG, using the correct SWIFT code ( INGDDEFFXXX ) minimizes errors and prevents delays or misdirected transfers.
Best Practices for International Transfers
Before initiating a transfer, consider the following steps to ensure a smooth transaction:
- Verify the SWIFT code: Double-check the code with the recipient or the bank’s official sources to avoid discrepancies.
- Confirm recipient details: Alongside the SWIFT code, ensure the recipient’s account number, name, and bank branch details are accurate.
- Understand banking regulations: Some countries may have additional requirements or restrictions for incoming transfers.
Additional Considerations
While the SWIFT code is crucial, other factors can influence the success of an international transfer:
- Transaction fees and exchange rates applied by intermediary banks.
- Processing times, which may vary depending on the destination and banking hours.
- Compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations.
Regularly reviewing the latest banking information, including SWIFT codes, ensures seamless and secure financial transactions. For further clarification, contacting the bank directly is advisable to address any specific concerns.