Have you ever experienced delayed or returned transfers due to incorrect SWIFT code entries? When making international payments, providing the precise SWIFT code of the recipient's bank is absolutely essential. This article focuses on Degroof Petercam Bank in Belgium, explaining how to obtain its correct SWIFT code to ensure your cross-border transfers arrive safely and efficiently.
Degroof Petercam Bank SWIFT Code Explained
The primary SWIFT/BIC code for Degroof Petercam Bank is DEGRBEBBXXX . This identifier is used globally to recognize the bank and process international payments.
- Bank Name: BANQUE DEGROOF PETERCAM SA/NV (formerly BANQUE DEGROOF)
- SWIFT Code: DEGRBEBBXXX
- Bank Address: RUE DE L'INDUSTRIE 44
- City: BRUSSELS
- Country: BELGIUM
When to Use DEGRBEBBXXX
You should use Degroof Petercam Bank's primary SWIFT/BIC code in these situations:
- When sending international transfers to accounts at Degroof Petercam in Belgium
- When the recipient hasn't provided a specific branch SWIFT/BIC code
- When payments are processed through the bank's main office
- When you prefer to use a widely recognized default SWIFT/BIC code
Important Note: Potential for Branch-Specific Codes
Like many large financial institutions, Degroof Petercam may use different SWIFT/BIC codes for specific branches or services. While DEGRBEBBXXX serves as the primary, universal code, certain branches might have their own identifiers. For absolute certainty, we strongly recommend:
- Confirm directly with the recipient: This remains the most reliable method. Always request the exact SWIFT/BIC code associated with the recipient's bank account.
- Contact Degroof Petercam Bank: If you cannot obtain the information from the recipient, reach out to the bank directly to inquire about branch-specific or service-specific codes.
Practical Tips to Avoid SWIFT Code Errors
Before initiating a SWIFT payment, carefully verify the following information to prevent delays or failed transfers:
- SWIFT code matches the recipient bank: Ensure the entered code corresponds exactly to the recipient's financial institution.
- Account number and name accuracy: Double-check account numbers and names for any typographical errors.
- Intermediary bank details (if applicable): For transfers requiring intermediary banks, confirm you've accurately provided their SWIFT codes and account information.
Even minor discrepancies can cause significant transfer delays. If you discover errors after submission, immediately contact your bank to request corrections or cancellation.
Receiving International Transfers at Your Degroof Petercam Account
To receive international payments into your Degroof Petercam account, provide senders with these details:
- Correct SWIFT/BIC code: DEGRBEBBXXX or specific branch code if applicable
- Your complete account number: Including IBAN (International Bank Account Number)
- Your full name and address: Exactly as registered with the bank
- Bank name and address: BANQUE DEGROOF PETERCAM SA/NV, RUE DE L'INDUSTRIE 44, BRUSSELS, BELGIUM
Key Steps for Successful Cross-Border Transfers
When conducting international transfers involving Degroof Petercam Bank, follow these steps to ensure smooth transactions:
- Verify the SWIFT code: Prioritize confirmation from the recipient or bank regarding the correct SWIFT/BIC code.
- Meticulously review all details: Before submission, carefully examine all banking information, including codes, account numbers, and names.
- Understand bank policies: Familiarize yourself with Degroof Petercam's international transfer policies and fee structures.
- Maintain transaction records: Keep all transfer-related documentation for future reference.
Local Branch Information
Degroof Petercam operates multiple branches throughout Belgium. For the most current information regarding specific branch locations, contact details, and any applicable branch-specific SWIFT codes, consult the bank's official resources.
The information contained in this article serves general informational purposes only and does not constitute financial advice. Always verify all details before initiating international transfers and consult with financial professionals as needed.