China Guangfa Bank Co., LTD (Formerly Known AS Guangdong Development Bank) SWIFT/BIC code

What GDBKCN22 means for a payment to China Guangfa Bank Co., LTD (Formerly Known AS Guangdong Development Bank)

If an invoice shows GDBKCN22 or GDBKCN22XXX, it is the identical address for China Guangfa Bank Co., LTD (Formerly Known AS Guangdong Development Bank) in China. A SWIFT code shows the banks handling a payment exactly which bank is meant to get the money, a bit like a postal address for banks. In daily life you mostly come across it on invoices from abroad, in payment forms and on the account details that China Guangfa Bank Co., LTD (Formerly Known AS Guangdong Development Bank) provides.

On this page you can read what the code means, when you need it and what else you need for a transfer to or from China Guangfa Bank Co., LTD (Formerly Known AS Guangdong Development Bank). Remember that the SWIFT code only identifies the bank, not the person: the IBAN or account number does that part.

Receiving money from abroad at China Guangfa Bank Co., LTD (Formerly Known AS Guangdong Development Bank)

Someone abroad who wants to pay you will ask for a few details about your account, and missing ones are a common cause of delays. What they need is: your name, account number or IBAN, GDBKCN22XXX or GDBKCN22 and, for some countries, your postal address.

The sender’s bank may also ask for the bank address of China Guangfa Bank Co., LTD (Formerly Known AS Guangdong Development Bank); the head office in Guangzhou is usually fine. A mistake in the IBAN is more trouble than it looks, so copy the details from your online banking.

What lands in your account can be lower than what was sent. Fees for incoming transfers differ per bank – the price list of China Guangfa Bank Co., LTD (Formerly Known AS Guangdong Development Bank) tells you what applies. For business payments, you can agree how the fees are split to avoid a shortfall.

Why China Guangfa Bank Co., LTD (Formerly Known AS Guangdong Development Bank) has an 8- and an 11-character code

A SWIFT code is made up of a few fixed parts: the first four letters identify the bank, the next two give the country and the two after that mark the location. Combined, these eight characters form GDBKCN22 – the version you usually see online.

Most payment forms work with either length. If a form requires eleven characters, enter GDBKCN22XXX.

Enter the code in one piece, in upper case and without spaces, exactly as shown here. A single letter can send a payment to another bank, so copy it carefully.

Tracking a transfer to or from China Guangfa Bank Co., LTD (Formerly Known AS Guangdong Development Bank)

There is no single answer for every transfer: many land within a day, others take several business days. Weekends and public holidays in either country add a day or more. Sometimes a bank wants to know what the payment is for, which can hold things up.

A growing number of banks are connected to SWIFT gpi for faster and traceable payments. Every payment gets a unique transaction reference, the UETR that banks can use to trace it. Keep your transfer receipt.

A missing payment has to be investigated from the sending side, using the payment confirmation. As a recipient, you can check your account for a partial amount.

How to check GDBKCN22 before you pay

Have the recipient copy their bank details straight from a recent statement. When the code you were given does not match GDBKCN22 or GDBKCN22XXX, do not guess: check with the recipient or with China Guangfa Bank Co., LTD (Formerly Known AS Guangdong Development Bank) directly.

If the code is wrong, the payment may be delayed, bounce back or cost extra, and tracing it can take weeks. Do not forget the IBAN: a mistake there can be harder to correct than a wrong code.

A format check by your bank only tells you that the code is valid, not that it is the right account. Where available, a name check on the recipient adds an extra layer of safety. When you pay someone new, many people start with a small test amount.

Watch out for payment fraud

Criminals regularly use payment requests with changed bank details. A valid SWIFT code tells you nothing about whether the request is genuine: scammers use real codes of real banks.

Never rely on contact details from the same email that contains the change. Be suspicious of urgent requests, odd spelling or an email address that differs by one letter. Already paid? Call your bank straight away and have them start a recall; also report it to the police.

People receiving money can be targeted as well: a classic trick is an overpayment and then sends a request to refund the difference to another account. Wait until the money has really arrived and check with China Guangfa Bank Co., LTD (Formerly Known AS Guangdong Development Bank) if anything seems off.

Where our SWIFT data comes from

The directory on GoldexPay is compiled from public sources and is updated regularly. It is possible that information here is no longer current. The figures on this page reflect our own data and not on information from China Guangfa Bank Co., LTD (Formerly Known AS Guangdong Development Bank) itself.

Treat our directory here as a handy check and rely on the recipient or China Guangfa Bank Co., LTD (Formerly Known AS Guangdong Development Bank) for the final confirmation. GoldexPay is not affiliated with China Guangfa Bank Co., LTD (Formerly Known AS Guangdong Development Bank); we are a comparison site for money transfers. Spotted an error? Let us know via our contact form so we can correct it.

China Guangfa Bank Co., LTD (Formerly Known AS Guangdong Development Bank): head office code versus branch codes

China Guangfa Bank Co., LTD (Formerly Known AS Guangdong Development Bank) has 61 different SWIFT/BIC codes across 53 cities. Only one is the head office code, GDBKCN22XXX; the others identify branches or departments, and sometimes specific services.

If nobody asks you for a branch code, use GDBKCN22XXX. Just use a branch code when the recipient gives you that exact code, for example on an invoice or in their bank details.

Unsure which code to use? Check with the recipient or the bank itself. Codes for branches are more prone to change than GDBKCN22XXX when a bank merges or closes offices.

Sending money abroad from China Guangfa Bank Co., LTD (Formerly Known AS Guangdong Development Bank)

A bank transfer abroad costs more than the listed fee. On top of the transfer fee, correspondent or intermediary banks can take a cut, and if the money changes currency, the bank often uses a rate that is less favourable than the real market rate.

Many banks rarely list the margin on the rate separately – you only notice it if you compare. Check the rate you are offered against the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

For many currency pairs, a specialist provider is cheaper than a bank – mostly thanks to the rate. On GoldexPay you can compare what recipients receive across services, which makes the cheapest option easy to spot. Choosing a specialist does not require closing your account at China Guangfa Bank Co., LTD (Formerly Known AS Guangdong Development Bank) – you pay the provider from your own account.

Chinese Yuan (CNY) and conversion costs

China pays in the Chinese Yuan, with the currency code CNY. Money sent in a different currency is converted into CNY on its way to China Guangfa Bank Co., LTD (Formerly Known AS Guangdong Development Bank), and whoever converts it chooses the rate. Each conversion eats into something.

Who converts the money makes a difference, because each party uses its own rate. Often it is cheaper to send CNY straight away through a provider with a good rate.

Rates for CNY move during the day – some services let you fix a rate in advance. With bigger transfers, a seemingly small difference in the rate adds up quickly.