Alte Leipziger Bauspar AG SWIFT/BIC code

ALTEDEF1 – the SWIFT/BIC code of Alte Leipziger Bauspar AG

ALTEDEF1 and ALTEDEF1XXX are two ways of writing the same bank identifier, and both lead to Alte Leipziger Bauspar AG in Oberursel. A SWIFT code shows every bank in the chain exactly which bank should receive the money, a bit like a postal address for banks. You will need it mostly for payments that cross a border.

Further down we go through the practical side: receiving money at Alte Leipziger Bauspar AG, paying someone in another country and how to verify the code before you confirm a payment. Keep in mind that the SWIFT code just identifies the bank, not the account: the IBAN or account number does that part.

Receiving money from abroad at Alte Leipziger Bauspar AG

When you are waiting for a payment from another country, send the payer everything they need in one go. That means: your full name exactly as it appears on the account, your account number or IBAN, the SWIFT/BIC code ALTEDEF1XXX (or ALTEDEF1) and usually your postal address.

You can add the bank name and Oberursel too. A mistake in your account number is more trouble than you might think; copy them from your banking app rather than typing.

An incoming payment does not always land for the full amount. Fees for incoming transfers vary from bank to bank; check the price list of Alte Leipziger Bauspar AG. Agree with the sender who covers the fees.

Which of the 2 codes of Alte Leipziger Bauspar AG do you need?

Alte Leipziger Bauspar AG has 2 separate SWIFT/BIC codes. One of them is the head office code, ALTEDEF1XXX; the others belong to branches.

For the vast majority of incoming transfers, the head office code ALTEDEF1XXX is what you need. If you have been given a branch code, stick to it instead of swapping it for the head office code.

The best way is to take the code straight from the recipient’s bank details. Branch codes are more likely to be retired than the head office code when a bank merges or closes offices.

Transfer times and tracking a payment to Alte Leipziger Bauspar AG

There is no fixed delivery time for every transfer: some land the same day or the next, others take several business days. Weekends and public holidays in either country can add a day or more, since banks do not process on those days. Compliance checks by one of the banks can also cause a delay.

A growing number of banks use SWIFT gpi for faster and traceable payments. Every payment carries a unique transaction reference, the UETR. Save your transfer receipt until the recipient confirms.

Only the sending bank can request a trace – the recipient’s bank often cannot see a payment that has not arrived. Ask the sender for a copy of the payment confirmation with the date and reference.

Euro (EUR) and conversion costs

The local currency of Germany is the Euro (EUR). When you pay another currency, the amount has to be converted at some point: by your bank, an intermediary or Alte Leipziger Bauspar AG itself. Every conversion eats into something, even when no fee is shown.

Which bank converts the money makes a difference. Transferring the amount already in EUR often prevents an extra conversion.

The EUR rate fluctuates throughout the day. For recurring payments, small differences in the rate add up over a year.

Paying someone abroad from your Alte Leipziger Bauspar AG account

When you transfer money to another country via Alte Leipziger Bauspar AG, the fee you see is only part of what you pay. Besides a fixed fee, correspondent or intermediary banks can take a cut, and if currencies are converted the bank usually applies a rate below the real market rate.

Banks do not list the margin on the rate as a cost. Check the rate you are offered with the mid-market rate, the midpoint between buy and sell rates you see on financial sites. The difference is your real conversion cost.

Money transfer services often use a rate near the mid-market rate with clearer fees. Before your next transfer, take a minute comparing the total cost via GoldexPay. You can still use your account at Alte Leipziger Bauspar AG as the source of the money; only the conversion and sending happen elsewhere.

Why Alte Leipziger Bauspar AG has an 8- and an 11-character code

A BIC is built from a few fixed parts: the first four letters identify the bank, the next two give the country and characters seven and eight mark the location. In this case, the 8-character core is ALTEDEF1.

Many payment forms accept either length. If a form requires eleven characters, enter ALTEDEF1XXX; if it wants eight, use ALTEDEF1.

Do not add spaces, dots when you type ALTEDEF1 or ALTEDEF1XXX. Pasting the code beats typing it by hand.

Euro transfers to Alte Leipziger Bauspar AG: is a BIC needed?

Within the SEPA zone, euro transfers to an account in Germany use common rules, so the IBAN does the job in most cases. The BIC field is often optional in that case.

A SWIFT code like ALTEDEF1 does matter when the currency is not euros. If a payment form asks for the BIC anyway, adding ALTEDEF1 does no harm.

SEPA transfers usually arrive by the next business day. Fees for SEPA payments are generally low, as long as no currency conversion is involved.

Where our SWIFT data comes from

The codes here are taken from publicly available data which we refresh regularly. It can happen that information on this page is no longer current, for example after a merger. The number of codes on this page are based on our own data.

Treat our data as a reference, rather than as the final word. GoldexPay is an independent comparison service for money transfers and not affiliated with Alte Leipziger Bauspar AG. Should you notice a mistake, we appreciate a message via the contact page.

Changed bank details? Be careful

Be wary if a contact suddenly asks you to send money to a different account or a bank in another country. A real SWIFT code says nothing about who owns the account – scammers simply use real codes.

Never trust contact details in the same message that announces the new account. Watch out for urgent requests, unusual wording or an email address that differs by one letter. Already paid? Call the bank you paid from straight away and have them try to recall the payment.

People receiving money are targeted too: a classic trick is a buyer who pays too much and then sends a request to send back the difference abroad. Wait until the money has really arrived.

How to check ALTEDEF1 before you pay

The safest source for the BIC is the bank details provided by the recipient. If the code you have does not match ALTEDEF1 or ALTEDEF1XXX, do not guess – contact the recipient or Alte Leipziger Bauspar AG.

If the code is wrong, the transfer may get stuck, be returned or cost extra. An error in the account number can be a bigger problem because it can reach the wrong person; check it just as carefully.

A format check in your banking app merely confirms that the IBAN exists, not that it is the right account. Where available, a name check before sending gives an extra layer of safety. For a first payment, many people send a small amount first.