When preparing to send money from abroad to friends or family in Germany, many people find themselves stuck at the step requiring their bank's SWIFT code. Faced with this seemingly random string of characters, it's easy to feel overwhelmed. This guide focuses specifically on the SWIFT code for Germany's ING-DiBa bank, providing all the essential information needed for seamless international transfers.
ING-DiBa Bank SWIFT/BIC Code: Key Information
The primary SWIFT/BIC code for ING-DiBa Bank (ING-DiBa AG) is INGDDEFFXXX . This code serves as the bank's unique identifier in international transactions, ensuring your funds reach the correct destination. The complete details are:
- Bank Name: ING-DiBa AG (Retail Banking)
- SWIFT Code: INGDDEFFXXX
- Bank Address: Theodor-Heuss-Allee 2
- City: Frankfurt am Main
- Country: Germany
The Importance of SWIFT/BIC Codes
SWIFT (Society for Worldwide Interbank Financial Telecommunication) codes, also known as BIC (Bank Identifier Codes), are standardized identifiers used for secure messaging between financial institutions. In international transfers, the SWIFT code identifies the recipient bank and ensures proper routing of funds. An incorrect SWIFT code may result in delayed, returned, or even lost transfers.
Does ING-DiBa Have Multiple SWIFT Codes?
While INGDDEFFXXX serves as ING-DiBa's primary SWIFT code, the bank may use different codes for specific services or branches. To avoid complications, always verify the correct SWIFT code with your recipient or contact ING-DiBa directly before initiating a transfer. This is particularly important for specialized accounts or specific transaction types.
When to Use INGDDEFFXXX
The primary SWIFT code INGDDEFFXXX is appropriate in these situations:
- Sending international transfers to ING-DiBa accounts in Germany
- When the recipient hasn't provided a branch-specific SWIFT code
- For transactions processed through ING-DiBa's central operations
- When you need a widely recognized default code
Branch-Specific SWIFT Codes
ING-DiBa maintains several branches in Frankfurt that may use specialized SWIFT codes, including:
- INGDDEFFDOT
- INGDDEFFGPC
- INGDDEFFPFA
- INGDDEFFTSY
These codes typically relate to specific services or transaction types. Always confirm with your recipient or the bank before using a branch-specific code.
How to Verify SWIFT Codes
To ensure accurate transfers:
- Request the code directly from your recipient
- Contact ING-DiBa's customer service
- Use reputable online SWIFT code verification tools
Additional Considerations for International Transfers
Beyond the SWIFT code, successful international transfers require attention to:
- Exact recipient name and account number
- Transfer amount and currency
- Applicable fees and intermediary bank charges
- Processing timelines (typically several business days)
- Purpose of payment (e.g., "family support" or "education expenses")
Frequently Asked Questions
What happens if I use the wrong SWIFT code?
Incorrect SWIFT codes may cause delays, returned transfers, or lost funds, often with additional fees.
Can I use an IBAN instead of a SWIFT code?
IBANs (International Bank Account Numbers) primarily facilitate transfers within Europe. International transfers generally require SWIFT codes.
Do SWIFT codes change?
Bank SWIFT codes rarely change, but verification before each transfer remains advisable.
Understanding ING-DiBa's SWIFT code system simplifies international money transfers. By confirming all details with recipients and following proper procedures, you can ensure secure and efficient cross-border transactions.