Ping An Bank Co., LTD. (Formerly Shenzhen Development Bank Co.,ltd.) SWIFT/BIC code

Ping An Bank Co., LTD. (Formerly Shenzhen Development Bank Co.,ltd.) SWIFT code: SZDBCNBS

The short code SZDBCNBS and the full code SZDBCNBSXXX refer to one and the same institution: Ping An Bank Co., LTD. (Formerly Shenzhen Development Bank Co.,ltd.). A BIC has a single purpose: it ensures that money from abroad reaches the right bank. It comes up mainly for transfers between countries.

On this page we explain how the code is put together, when you need it and which other details a transfer to or from Ping An Bank Co., LTD. (Formerly Shenzhen Development Bank Co.,ltd.) requires. A SWIFT code names an institution, not a single account.

How long does an international transfer to Ping An Bank Co., LTD. (Formerly Shenzhen Development Bank Co.,ltd.) take?

How fast a transfer reaches Ping An Bank Co., LTD. (Formerly Shenzhen Development Bank Co.,ltd.) is determined by a few things: which currency you send, the number of banks in between, daily processing deadlines and differences in time zone. Transfers sent after the cut-off time or on a weekend or public holiday often start the next business day. Sometimes a bank wants to know what the payment is for before releasing it.

When a payment takes longer than expected, ask the sending bank about the status and the transaction reference so they can trace it along the chain. Specialist transfer services usually provide tracking online showing where the payment is.

A delayed transfer is traced from the sending side. On the receiving end, you can look at your account for a slightly lower amount, since fees may have been deducted.

Sending money abroad from Ping An Bank Co., LTD. (Formerly Shenzhen Development Bank Co.,ltd.)

A bank transfer abroad costs rather more than the fee suggests. On top of a fixed fee, banks in between may deduct a fee, and when the money changes currency the bank often applies a rate below the real market rate.

Banks do not show the margin on the rate as a cost. Compare their rate against the mid-market rate.

Specialist money transfer services frequently offer rates closer to the mid-market rate. GoldexPay compares the amount that arrives across providers. You can always use your account at Ping An Bank Co., LTD. (Formerly Shenzhen Development Bank Co.,ltd.) to fund the transfer; only the conversion and sending happen elsewhere.

Scams that use SWIFT codes

Be wary if a contact suddenly wants you to send money to a different account or a bank in another country. A correct SWIFT code tells you nothing about whether the request is genuine: scammers use real codes of real banks.

Check new payment details through a different channel like a call to a number from an earlier contract, never via the email that asked for the change. Watch out for time pressure, odd spelling or an email address that differs by one letter. Already paid? Contact the bank you paid from straight away and have them start a recall; also report it to the police.

Scams can also target the receiver. Someone claims to have sent too much and asks you to return the difference. Wait until the money has really arrived.

Choosing between the 38 SWIFT codes of Ping An Bank Co., LTD. (Formerly Shenzhen Development Bank Co.,ltd.)

Ping An Bank Co., LTD. (Formerly Shenzhen Development Bank Co.,ltd.) uses 38 separate SWIFT/BIC codes across 33 locations. Only one is the head office code, SZDBCNBSXXX; the others identify branches or departments.

Usually you do not need to pick a branch: payments addressed to SZDBCNBSXXX are routed within Ping An Bank Co., LTD. (Formerly Shenzhen Development Bank Co.,ltd.) without problems. Just use a branch code when the recipient gives you that exact code.

Not sure which code to use? Ask the recipient, or look at a recent statement from Ping An Bank Co., LTD. (Formerly Shenzhen Development Bank Co.,ltd.). Branch codes are sometimes changed or retired when banks reorganise, so a code from an old document is not always valid.

Where our SWIFT data comes from

The codes on this page are taken from public sources. It can happen that information here is out of date. The number of codes we show are based on what is in our directory.

See the information on this page as a handy check and rely on the recipient or Ping An Bank Co., LTD. (Formerly Shenzhen Development Bank Co.,ltd.) for the final confirmation. GoldexPay has no connection to Ping An Bank Co., LTD. (Formerly Shenzhen Development Bank Co.,ltd.). Found outdated information? Tell us through the contact page.

What to give a sender who pays you at Ping An Bank Co., LTD. (Formerly Shenzhen Development Bank Co.,ltd.)

For a transfer from abroad at Ping An Bank Co., LTD. (Formerly Shenzhen Development Bank Co.,ltd.), the sender needs not just the BIC. In practice that means: your name exactly as it appears on the account, your account number or IBAN, the BIC SZDBCNBSXXX (or SZDBCNBS) and sometimes your postal address.

Some sending banks also ask for the name and address of Ping An Bank Co., LTD. (Formerly Shenzhen Development Bank Co.,ltd.) in Shenzhen. Check every detail before you send them – a sender rarely spots a mistake in someone else’s details.

The amount you receive can be lower than what was sent. Charges on incoming payments vary per bank – the price list of Ping An Bank Co., LTD. (Formerly Shenzhen Development Bank Co.,ltd.) tells you what applies. Agree with the sender who covers the fees before the money is sent.

SZDBCNBS or SZDBCNBSXXX – which one to use?

Every SWIFT/BIC code has the same eight core characters: four letters for the bank, a two-letter country code and a two-character location code. That gives you SZDBCNBS for Ping An Bank Co., LTD. (Formerly Shenzhen Development Bank Co.,ltd.).

Most banks and apps work with either length. If a form asks for eleven characters, enter SZDBCNBSXXX, otherwise SZDBCNBS is fine.

Type the code in one piece, in capitals and without separators, exactly as shown here. Watch for O versus 0 and the letter I and the digit 1, a common source of typos.

Before you send: check the Ping An Bank Co., LTD. (Formerly Shenzhen Development Bank Co.,ltd.) code

The safest source for the BIC is the recipient’s own bank details. When the code you were given differs from SZDBCNBS or SZDBCNBSXXX, do not guess: check with the recipient or with Ping An Bank Co., LTD. (Formerly Shenzhen Development Bank Co.,ltd.) directly.

An incorrect BIC can cause a delay, a returned payment or additional charges. A mistake in the IBAN or account number can be more serious.

A validity check in your banking app only confirms that the code exists – not that it belongs to the person you mean to pay. If your bank offers it, a name check before sending adds extra certainty. A small test payment is a sensible step for large sums.

The Chinese Yuan and what conversion costs you

Most accounts at Ping An Bank Co., LTD. (Formerly Shenzhen Development Bank Co.,ltd.) are typically held in CNY, the national currency. A payment in a foreign currency is converted into CNY, and whoever converts it chooses the rate. You rarely see a separate line for the conversion.

Where the conversion happens affects how much arrives, since every bank sets its own rate. Compare how much CNY arrives with several providers; the difference between options can be larger than you expect.

Rates for CNY change all the time – some services let you fix a rate in advance. On larger amounts, a small difference in the rate adds up quickly.