
In the realm of international money transfers, SWIFT/BIC codes serve as essential identifiers that ensure secure and efficient cross-border transactions. The selection of the correct banking code can significantly impact the success of a transfer. This article examines the specific details of the SWIFT/BIC code NDEADKKK064 to illustrate the importance of these identifiers in global financial operations.
Understanding SWIFT/BIC Codes
SWIFT/BIC codes (Society for Worldwide Interbank Financial Telecommunication/Business Identifier Codes) function as standardized identifiers for international payments. These alphanumeric codes enable sending and receiving banks to accurately identify each other, thereby facilitating secure fund transfers. The code NDEADKKK064 not only identifies Nordea Danmark as the recipient bank but also contains geographical and institutional details about this financial entity.
Detailed Information for NDEADKKK064
- Bank Name: Nordea Danmark, filial af Nordea Bank Abp, Finland
- SWIFT/BIC Code: NDEADKKK064
- City: Copenhagen
- Address: Located in Denmark's capital region (Region Hovedstaden)
- Country: Denmark
As one of the Nordic region's most significant financial institutions, Nordea Bank's Danish branch handles substantial volumes of both international transfers and domestic financial services.
Practical Application in Cross-Border Transfers
The selection of NDEADKKK064 becomes particularly crucial when initiating transfers to European destinations. For instance, when sending $10,000 USD to France using this SWIFT code, the recipient would receive approximately €8,491 EUR based on current exchange rates. It's important to note that exchange rates fluctuate, and the final amount received may vary depending on market conditions at the time of transfer processing.
Payment Methods and Exchange Rate Considerations
Most international transfers utilizing this SWIFT code employ the Automated Clearing House (ACH) payment method, known for its simplicity and widespread adoption. The current exchange rate of 0.8491 indicates that each US dollar converts to approximately 0.8491 euros. However, this rate represents a specific platform's valuation rather than the interbank market rate, emphasizing the importance of verifying current rates before initiating any transfer.
Understanding the specifics of SWIFT/BIC codes like NDEADKKK064 and their role in international banking transactions enables individuals and businesses to make more informed decisions regarding their cross-border financial operations.