Bank 1 Saar EG (Formerly Saar Bank EG) SWIFT/BIC code

What SABADE5S means for a payment to Bank 1 Saar EG (Formerly Saar Bank EG)

Whether a recipient gives you SABADE5S or SABADE5SXXX, it is the same address for Bank 1 Saar EG (Formerly Saar Bank EG) in Germany. The code does one job: it makes sure that a cross-border transfer ends up at the right bank. In practice you mostly see it on international invoices, in payment forms and on the account details of Bank 1 Saar EG (Formerly Saar Bank EG) customers.

On this page you can read how the code means, when you need it and which other details you need for a transfer to or from Bank 1 Saar EG (Formerly Saar Bank EG). Keep in mind that the SWIFT code only identifies the bank, not the account: the IBAN or account number does that part.

Transfer times and tracking a payment to Bank 1 Saar EG (Formerly Saar Bank EG)

A SWIFT payment typically needs anywhere from one to several business days. Payments made late in the day or on a weekend or public holiday often go out a business day later. Occasionally a bank wants to know what the payment is for, which can hold things up.

A growing number of banks use SWIFT gpi. Every gpi transfer carries a unique transaction reference, the UETR that banks can use to trace it. Specialist transfer services usually provide a status online so you can see where the payment has got.

A missing payment is investigated from the sending side, using the payment confirmation. Request from the sender the payment receipt including the reference – it helps your own bank look for the money.

Sending money abroad from Bank 1 Saar EG (Formerly Saar Bank EG)

A bank transfer abroad can cost more than the fee suggests. On top of the transfer fee, correspondent or intermediary banks may take a cut, and when the money changes currency the bank often applies a rate that is less favourable than the real market rate.

The real cost is often in the rate: many banks convert using an exchange rate that includes a margin. Compare 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.

Specialised transfer providers often use a rate near the mid-market rate with clearer fees. GoldexPay compares the amount that arrives with different providers, which makes the cheapest option easy to spot. You can always use your account at Bank 1 Saar EG (Formerly Saar Bank EG) as the source of the money, while a cheaper service handles the conversion.

Scams that use SWIFT codes

A common scam goes like this: an email arrives with a request claiming that a supplier has new bank details. A real SWIFT code tells you nothing about whether the request is genuine.

Before paying, verify changed bank details through a phone call, using a number you already had. Watch out for urgent requests, odd spelling or a sender address that is slightly off. Already paid? Call the bank you paid from without delay and ask them to try to recall the payment.

Scams also work the other way. Someone sends more than agreed and wants you to refund the extra via a different route. Wait until the money is actually in your account and check with Bank 1 Saar EG (Formerly Saar Bank EG) if anything seems off.

About this information

The directory on GoldexPay is based on public sources and we update it periodically. It can happen that information on this page is out of date. The figures on this page are based on our own data, not official figures from Bank 1 Saar EG (Formerly Saar Bank EG).

See the information on this page as a handy check, and let the details from the recipient or Bank 1 Saar EG (Formerly Saar Bank EG) have the final say. GoldexPay is independent of Bank 1 Saar EG (Formerly Saar Bank EG); we are a comparison site for money transfers. Spotted outdated information? Let us know through the contact page so we can correct it.

SEPA payments and the Bank 1 Saar EG (Formerly Saar Bank EG) BIC

Since Germany is part of the SEPA zone, a euro payment to Bank 1 Saar EG (Formerly Saar Bank EG) from another SEPA country normally only needs the IBAN. Most banking apps do not require the BIC for these payments or fill it in for you.

A SWIFT code like SABADE5S does matter for payments in other currencies. A few banks and apps also show a field for the BIC out of habit; in that case, enter SABADE5S or SABADE5SXXX.

Euro payments within SEPA usually arrive within one business day. Provided the payment stays in euros, the transfer is inexpensive.

Choosing between the 2 SWIFT codes of Bank 1 Saar EG (Formerly Saar Bank EG)

With 2 codes, Bank 1 Saar EG (Formerly Saar Bank EG) belongs to the banks that register separate codes for parts of the organisation and departments. The head office code is SABADE5SXXX.

For most payments to a private or business account, the head office code SABADE5SXXX is what you need. Only use a branch code when the recipient explicitly asks for it, for example on an invoice or in their bank details.

Unsure which code applies? Check with the recipient or the bank itself. Codes for branches are more likely to change than the head office code.

Why Bank 1 Saar EG (Formerly Saar Bank EG) has an 8- and an 11-character code

A SWIFT code is built from a few fixed parts: the first four letters stand for the bank, characters five and six show the country and the two after that indicate the location. For Bank 1 Saar EG (Formerly Saar Bank EG), that core is SABADE5S.

The full version has three more characters for a branch or department. If the last three are XXX, they simply mean the head office, which is why SABADE5SXXX and SABADE5S lead to the same place.

Leave out spaces, dots when you type SABADE5S. Watch for O versus 0 and I versus 1.

Before you send: check the Bank 1 Saar EG (Formerly Saar Bank EG) code

The most reliable place for the correct BIC remains paperwork issued by the bank, such as a statement or the account details in online banking. If the code you have differs from SABADE5S or SABADE5SXXX, do not guess – contact the recipient or Bank 1 Saar EG (Formerly Saar Bank EG).

An incorrect BIC can cause a delay, a payment being sent back or additional charges for investigation. A mistake in the IBAN or account number can be a bigger problem.

An automatic check by your bank merely tells you that the code is valid. If your bank offers it, a payee name check before sending gives an extra layer of safety. When you pay someone new, some people start with a small test amount.

The Euro and what conversion costs you

The currency of Germany is the Euro (EUR). When you pay another currency, the amount has to be converted somewhere along the way. Every conversion costs the amount, even when no fee is shown.

Who converts the payment matters, because each party uses its own rate. Often it is cheaper to send EUR straight away via a provider that converts near the mid-market rate, so that the receiving bank does not need to convert again.

Rates for EUR move during the day – some services let you fix a rate in advance. For regular payments, a slightly better rate add up over a year.

What to give a sender who pays you at Bank 1 Saar EG (Formerly Saar Bank EG)

To receive an international payment into your account at Bank 1 Saar EG (Formerly Saar Bank EG), the person paying you needs not just the BIC. The basics are: the account holder’s name, account number or IBAN, SABADE5SXXX or SABADE5S and in many cases your home address.

Some banks want the address of Bank 1 Saar EG (Formerly Saar Bank EG); it does no harm to include it. Double-check the details before you send them.

Money from abroad will not always arrive in full. Charges on incoming payments differ per bank; check the price list of Bank 1 Saar EG (Formerly Saar Bank EG). Agree with the sender who pays which costs before the money is sent.