In today’s global financial landscape, cross-border wire transfers have become commonplace. However, ensuring the secure and timely arrival of funds to the intended recipient remains a critical concern for every sender. One of the foundational steps in this process is selecting the correct SWIFT/BIC code. This article provides a detailed overview of the SWIFT code PBNKDEFF013 , its associated bank, and key considerations for international transfers.
Overview of SWIFT/BIC Code PBNKDEFF013
The code PBNKDEFF013 belongs to DEUTSCHE BANK AG-POSTBANK BRANCH (formerly DEUTSCHE POSTBANK AG). This institution operates extensively within Germany and maintains a robust international transfer network. The structure of the SWIFT code includes identifiers for the bank, country, and specific branch location, ensuring accuracy in cross-border transactions.
Bank Details
- Bank Name: DEUTSCHE BANK AG-POSTBANK BRANCH
- City: DILLINGEN AN DER DONAU
- Address: AM STADTBERG 2, DILLINGEN AN DER DONAU, BAYERN, 89407
- Country: GERMANY
Using this SWIFT code ensures efficient and secure transfers to the designated bank. In international transactions, providing the correct SWIFT code is essential to prevent misrouted funds.
Example Transfer Scenario
Consider a transfer of $10,000 USD to a recipient in France using PBNKDEFF013 . Based on current exchange rates, the recipient would receive approximately €8,490 . The following breakdown illustrates the transaction:
- Exchange Rate: 0.849
- Transfer Fee: $0.00 USD
- Total Sent: $10,000 USD
Note that exchange rates and fees may vary depending on the financial institution. It is advisable to verify the applicable rates and charges before initiating a transfer to avoid unexpected costs.
When to Use PBNKDEFF013
SWIFT codes are indispensable for international wire transfers, as they guarantee the accurate routing of funds. If you intend to send money to DEUTSCHE BANK AG-POSTBANK BRANCH , ensure that PBNKDEFF013 is correctly entered in the transfer system. Additionally, confirm the validity of the SWIFT code with the recipient beforehand to mitigate potential errors and financial risks.
While wire transfers may seem routine, attention to detail is paramount to safeguarding funds. Understanding the structure and application of SWIFT codes enhances the security and efficiency of cross-border transactions.