Bankhaus Ellwanger and Geiger KG SWIFT/BIC code

Bankhaus Ellwanger and Geiger KG SWIFT code: ELGEDES1

ELGEDES1 and ELGEDES1XXX are two ways of writing the same bank identifier, and both lead to Bankhaus Ellwanger and Geiger KG in Stuttgart. A SWIFT code shows the sending bank which institution is meant to get the money, a bit like a postal address for banks. It comes up mainly for payments that cross a border.

On this page we explain what the code is put together, when it matters and what else you need for a transfer to or from Bankhaus Ellwanger and Geiger KG. The SWIFT code on its own cannot identify an individual account holder; for that you need the IBAN or account number is for.

Incoming international payments to Bankhaus Ellwanger and Geiger KG

When you are waiting for a payment from another country, send the payer all details at once. Share the account holder’s name, the IBAN or account number, the BIC ELGEDES1XXX and your address.

Their bank might request the address of your bank; the head office in Stuttgart is usually fine. Double-check every detail before you share them – a sender rarely spots a mistake in someone else’s details.

What lands in your account can be lower than what was sent. Correspondent banks can take a fee, Bankhaus Ellwanger and Geiger KG may charge for incoming payments, and if the currency changes, an exchange rate margin comes on top. For business payments, it is common to state who bears the costs, so that nobody is left short.

Before you send: check the Bankhaus Ellwanger and Geiger KG code

The most reliable place for the right code is paperwork issued by the bank like a bank statement or the account page in online banking. If the code you have does not match ELGEDES1 or ELGEDES1XXX, stop and ask: check with the recipient or with Bankhaus Ellwanger and Geiger KG directly.

Errors in the BIC are annoying more than fatal. Do not forget the IBAN: a mistake there can be more difficult to correct than a wrong code.

A format check by your bank merely confirms that the code is valid. Some banks now compare the name against the account – do not ignore a mismatch warning. Sending a small amount first is worth it for large sums despite the extra fee.

What the XXX in ELGEDES1XXX means

The layout of a BIC is always the same: four characters for the institution, a two-letter country code and two for the location, plus an optional branch code. The result is ELGEDES1.

The full version has a three-character extension that identify a branch or department. If the last three are XXX, they simply mean the head office, so ELGEDES1XXX and ELGEDES1 are interchangeable.

Type the code in one piece, in capitals and without separators. Copying the code beats typing it by hand, because one wrong letter changes the bank.

Bankhaus Ellwanger and Geiger KG: head office code versus branch codes

With 2 codes in 2 cities, Bankhaus Ellwanger and Geiger KG belongs to the banks that use separate codes for parts of the organisation and departments. The head office code remains ELGEDES1XXX.

Unless the recipient tells you otherwise, use ELGEDES1XXX or its short form ELGEDES1. A branch code only makes sense if the recipient’s bank specifically mentions it, which is more common for corporate accounts and specialised services.

The safest approach is to copy the code straight from the recipient’s bank details. Codes are sometimes changed or retired when banks reorganise, so do not rely on old paperwork.

SEPA payments and the Bankhaus Ellwanger and Geiger KG BIC

Within the SEPA zone, euro payments to Bankhaus Ellwanger and Geiger KG follow common rules. A field for the BIC is often optional in that case.

For anything other than euros and from non-SEPA countries, ELGEDES1XXX or ELGEDES1 remains part of the payment details. If a payment form has a field for the BIC regardless, entering ELGEDES1 is fine.

Euro payments within SEPA normally land by the next business day. As long as the payment stays in euros, a SEPA transfer is inexpensive; costs rise once a conversion is involved.

Changed bank details? Be careful

A common scam works like this: you receive a request saying that a contact has a new bank account and that the next payment should go there. That ELGEDES1 is a real code is no guarantee that the account is legitimate; criminals use the codes of real banks too.

Before paying, confirm changed bank details by phone on a number you know, not one from the message. Watch out for urgent requests, odd spelling or a sender address that is slightly off. If money was sent to a fraudster, call your bank right away – speed improves the chance of getting it back.

Scams also work the other way: someone sends too much and asks you to refund the extra. Wait until the money has really arrived and check with Bankhaus Ellwanger and Geiger KG if anything seems off.

Euro (EUR) and conversion costs

Accounts at Bankhaus Ellwanger and Geiger KG are usually held in EUR, the local currency. Money sent in a different currency is converted into EUR. There is rarely a separate charge for that conversion; it is built into the rate.

Who converts the money makes a difference: every bank has its own margin. In many cases you pay less if you send EUR directly via a provider that converts near the mid-market rate.

Exchange rates move during the day, and some providers let you lock in a rate. With bigger transfers, a seemingly small gap in the rate adds up quickly.

Tracking a transfer to or from Bankhaus Ellwanger and Geiger KG

There is no fixed delivery time: many land within a day while others need several business days. Payments made after the cut-off time or on weekends and holidays often start the next business day. Extra checks on larger or unusual payments may also cause a delay, even when all details are correct.

When a payment takes longer than expected, ask the sending bank about the status so they can trace it along the chain. Save the payment confirmation; it contains the details a bank needs to start a trace.

The bank that sent the money can start an official trace – the recipient’s bank often cannot see a payment that has not arrived. Request from the sender a copy of the payment confirmation with the date and reference.

Sending money abroad from Bankhaus Ellwanger and Geiger KG

The price of an international transfer has more than one component – not just the fee on your screen. Besides the transfer fee, banks in between may deduct a fee, and if currencies are converted, the bank often applies a rate below the actual market rate.

Many banks do not show the margin on the rate as a cost – you only notice it if you compare. An easy check: put the bank’s rate against the mid-market rate for the same moment and look at the difference.

Specialist money transfer services frequently use a rate near the mid-market rate. GoldexPay compares what recipients receive with different providers, which makes the cheapest option easy to spot. Using a transfer service does not require closing your account at Bankhaus Ellwanger and Geiger KG: you simply pay the service from your account.

About this information

The codes here are taken from publicly available data that we update regularly. Still, banks merge, rename themselves or change codes, so information can be out of date. Figures such as the number of codes come from our own dataset.

Before a payment that matters, check the code with the recipient’s bank or the recipient. GoldexPay is a comparison service and not affiliated with Bankhaus Ellwanger and Geiger KG. Should you notice something that is out of date, we appreciate a message.