Imagine an important international wire transfer delayed or even returned due to a minor error—a frustrating scenario for anyone involved. In cross-border transactions, the SWIFT/BIC code acts as a bank's unique identifier, ensuring funds reach their intended destination accurately. This article examines the SWIFT code FLORNL2ACAR for NEDERLANDSCHE BANK (DE) N.V., explaining its structure, applications, and how to avoid transfer errors.
What Is a SWIFT/BIC Code?
The SWIFT (Society for Worldwide Interbank Financial Telecommunication) code, also known as the BIC (Bank Identifier Code), is a standardized format used to identify financial institutions globally. Functioning as a bank's international address, it enables secure and efficient routing of funds during wire transfers.
Decoding FLORNL2ACAR: NEDERLANDSCHE BANK (DE) N.V.'s SWIFT Code
The SWIFT code FLORNL2ACAR belongs to NEDERLANDSCHE BANK (DE) N.V. This 11-character alphanumeric sequence is structured as follows:
| Code Segment | Meaning | Details |
|---|---|---|
| FLOR | Bank Code | Identifies NEDERLANDSCHE BANK (DE) N.V. |
| NL | Country Code | Indicates the Netherlands |
| 2A | Location Code | Specifies the bank's headquarters city |
| CAR | Branch Code | Denotes a specific branch (XXX would indicate headquarters) |
Key Applications of SWIFT Codes
SWIFT codes are essential for:
- International wire transfers between banks
- Foreign currency exchanges
- Interbank communications and settlements
Avoiding Transfer Errors
To prevent transaction issues:
- Verify the recipient's SWIFT code with their bank
- Confirm whether an 8-digit (headquarters) or 11-digit (branch-specific) code is required
- Double-check all transfer details before submission