Dacheng Fund Management Co.,ltd SWIFT/BIC code

What DAFMCN21 means for a payment to Dacheng Fund Management Co.,ltd

DAFMCN21 and DAFMCN21XXX are two spellings of the same SWIFT/BIC code, and both lead to Dacheng Fund Management Co.,ltd in Shenzhen. A SWIFT code shows every bank in the chain which institution should receive the money, much like a postcode for banks. You will need it mostly when dealing with transfers between countries or a currency.

Further down we go through the practical questions: money coming in from abroad, sending money abroad and how to verify a SWIFT code before you confirm a payment. Keep in mind that the BIC just identifies the bank, not the account: the IBAN or account number takes care of that.

Verifying the SWIFT code of Dacheng Fund Management Co.,ltd

The safest source for a SWIFT code is the recipient’s own bank details. Check it against DAFMCN21 here.

An incorrect BIC may lead to delays, a returned payment or extra fees along the way. A mistake in the IBAN or account number can be more serious because it can reach the wrong person.

A format check by your bank only tells you that the code is valid – not that it belongs to the person you mean to pay. Where available, a payee name check on the recipient gives extra certainty. For a first payment, many people start with a small amount first.

Receiving money from abroad at Dacheng Fund Management Co.,ltd

A sender in another country will ask for a few details about your account. Give them your name as the bank knows it, your account number or IBAN, the BIC DAFMCN21XXX and your address.

Their bank may also ask for the bank address of Dacheng Fund Management Co.,ltd. A mistake in the IBAN can be more trouble than it looks; copy them from your banking app rather than typing.

The amount you receive is often less than the amount sent. Charges on incoming payments vary from bank to bank; check the price list of Dacheng Fund Management Co.,ltd. Agree with the sender who covers the fees before the money is sent.

DAFMCN21 or DAFMCN21XXX – which one to use?

Every SWIFT/BIC code starts with an 8-character core: four letters for the bank, two letters for the country and two characters for the location. That gives you DAFMCN21, the short form of the code.

XXX at the end of DAFMCN21XXX is not a placeholder or an error: it stands for the head office of Dacheng Fund Management Co.,ltd. Some forms ask for 11 characters, in which case you can add XXX after DAFMCN21.

In practice the code is written in capitals and without spaces. A single letter can send a payment to a different institution, so check it twice.

Sending CNY to Dacheng Fund Management Co.,ltd

The national currency in China is the Chinese Yuan (CNY). When you pay another currency it gets converted somewhere along the way – by your bank, by Dacheng Fund Management Co.,ltd or by a bank in between. You rarely see a separate line for the conversion – the cost sits in the rate.

Who converts the money matters: every bank has its own margin. Transferring the money already in CNY often avoids a second conversion – as long as your own rate is good.

Exchange rates change during the day – some services let you fix a rate in advance. With bigger transfers, even small difference in the rate can be worth more than the fee.

About this information

Our SWIFT/BIC directory draws on public sources and is updated regularly. It is possible that a code on this page is out of date after a merger or reorganisation. Counts and locations are from our directory.

Treat this page as a starting point, rather than as the last word. We are an independent comparison site for money transfers and not affiliated with Dacheng Fund Management Co.,ltd. Found outdated information? Let us know via our contact form so we can correct it.

Scams that use SWIFT codes

One of the most common tricks works like this: you receive a message saying that a company now has new bank details and that the next payment should go there. A real SWIFT code says nothing about whether the request is genuine: scammers use real codes of real banks.

Verify changed payment details through a different channel like a call to a number from an earlier contract. Be suspicious of urgent requests, unusual wording or a sender address that is slightly off. When a payment was sent to the wrong account, contact your bank immediately.

Fraud can also work the other way: someone claims to have sent too much and asks you to return the extra to a new account. A payment confirmation from the sender proves nothing – check your own account.

Tracking a transfer to or from Dacheng Fund Management Co.,ltd

A SWIFT payment typically needs anywhere from one to several business days, depending on the currency, the route and the banks involved. Transfers sent after the cut-off time or just before weekends and holidays usually go out the next business day. Occasionally a bank asks about the purpose of a payment before releasing it.

A growing number of banks use SWIFT gpi for faster and traceable payments. Every payment carries a unique transaction reference, the UETR that banks can use to trace it. Money transfer services usually show a status online showing where the money has got.

If a payment has not arrived after a few business days, the sender needs to contact their own bank rather than Dacheng Fund Management Co.,ltd. Request from the sender the payment receipt with the date and reference – it helps your own bank look for the money.

Head office or branch code at Dacheng Fund Management Co.,ltd?

Having 2 codes in 1 locations, Dacheng Fund Management Co.,ltd belongs to the banks that register individual codes for parts of the organisation and departments. The main code remains DAFMCN21XXX.

Unless the recipient tells you otherwise, use DAFMCN21XXX. Branch codes are only needed if the recipient’s bank specifically asks for it, which is more common for corporate accounts and trade services.

When in doubt, ask the person you are paying which code their bank gave them. Branch codes are sometimes changed or retired over time, so a code from an old document is not always valid.

International transfers from Dacheng Fund Management Co.,ltd: the real cost

A bank transfer abroad costs more than the fee suggests. Besides a fixed fee, banks in between can deduct a fee, and when the money changes currency, the bank often uses a rate below the actual market rate.

Most of the cost usually sits in the exchange rate, rather than in the fee: many banks convert using an exchange rate with a margin built in. A simple test: put the rate you get next to the mid-market rate and work out the difference on your amount.

For a lot of currency pairs, a specialist provider is less expensive than a traditional bank transfer. Before your next transfer, take a minute comparing the total cost on GoldexPay instead of going straight to your bank. You can always use your account at Dacheng Fund Management Co.,ltd to fund the transfer.