SWIFT/BIC code MARKDEF1870
MARKDEF1870 belongs to Deutsche Bundesbank in Chemnitz, Germany.
Code details
| SWIFT/BIC code | MARKDEF1870 |
|---|---|
| 8-character code | MARKDEF1 |
| Branch code | 870 |
| Bank | Deutsche Bundesbank |
| Branch | — |
| City | Chemnitz |
| Country | Germany |
How the Deutsche Bundesbank SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- MARK Bank code
- 4 letters that identify the bank.
- DE Country code
- 2 letters for the country (ISO 3166).
- F1 Location code
- 2 characters for the city or region of the head office.
- 870 Branch code
- 3 characters for a specific branch. XXX means the head office.
Check before you send
- Ask the recipient which bank and branch the account is held at.
- Use the head office code (XXX) when no branch is specified.
- Make sure the country in the code matches the country of the account.
Frequently asked questions
Which branch uses BIC MARKDEF1870?
The code MARKDEF1870 belongs to Deutsche Bundesbank, part of Deutsche Bundesbank in Chemnitz, Germany. Use this branch code only when the recipient or their bank explicitly asks for it.
What is the cheapest way to send money to Deutsche Bundesbank in Germany?
Banks often add 1–3% to the exchange rate on top of a fee. Compare what you receive in Euro with specialist providers before you send – the difference can be large.
What happens if I use MARKDEF1870 with a typo?
The payment may be delayed, returned or charged extra fees. Double-check MARKDEF1870 with the recipient before sending.
What do the letters in MARKDEF1870 mean?
MARK is the institution code of Deutsche Bundesbank, DE stands for Germany, F1 is the location code and 870 is the code of the branch Deutsche Bundesbank.
How long does it take to send money to Deutsche Bundesbank in Germany?
SEPA payments in euros usually arrive within one business day. Transfers in other currencies can take 2–4 business days.
Do I need MARKDEF1870 to send euros to Germany?
Germany is part of the SEPA area. When you send euros the IBAN is usually enough and many banks fill in the BIC automatically. For other currencies you do need MARKDEF1870.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.