Bankhaus Loebbecke AG SWIFT/BIC code

What LOEBDEBB means for a payment to Bankhaus Loebbecke AG

Whether a recipient gives you LOEBDEBB or LOEBDEBBXXX, you are looking at the identical address for Bankhaus Loebbecke AG in Germany. Banks worldwide use BIC codes to direct international transfers to the right bank. In daily life you usually come across it on invoices from abroad, in your banking app and on the account details that Bankhaus Loebbecke AG provides.

We wrote this page to help people who sends money to an account at Bankhaus Loebbecke AG without mistakes. Remember that the BIC only identifies the bank, not the account: the account number or IBAN does that part.

Tracking a transfer to or from Bankhaus Loebbecke AG

How fast a payment reaches Bankhaus Loebbecke AG is determined by several factors: the currency, the number of banks in between, cut-off times and time zones. Transfers sent late in the day or just before a weekend or public holiday often go out a business day later. Sometimes a bank asks about the purpose of a payment, which can hold things up.

If the money seems delayed, contact your bank for the tracking status and the transaction reference; with that reference banks can see where the payment is. Keep the payment confirmation until the money has arrived.

A missing payment has to be investigated from the sending side, using the payment confirmation. As a recipient, it helps to check your account for a partial amount.

Protect yourself against fake payment requests

Fraudsters regularly send fake invoices with changed bank details sent from what looks like a familiar address. A correct SWIFT code tells you nothing about whether the request is genuine: scammers use real codes of real banks.

Do not rely on a phone number in the same message that contains the new account. Be suspicious of time pressure, unusual wording or an email address that differs by one letter. If money has already gone to the wrong account, call your bank right away – speed improves the chance of getting it back.

Fraud can also target the receiver: someone claims to have sent too much and asks you to refund the difference to a new account. A screenshot of a transfer proves nothing – check your own account.

8 or 11 characters: LOEBDEBB versus LOEBDEBBXXX

A BIC is built from fixed blocks: characters one to four identify the bank, the next two show the country and characters seven and eight mark the location. In this case, that core is LOEBDEBB.

The 11-character version has a three-character extension that identify a branch or department. When those three characters are XXX, the code points to the head office, which is why LOEBDEBBXXX and LOEBDEBB lead to the same place.

Do not add spaces, dots when you enter LOEBDEBB or LOEBDEBBXXX. A single character may route the money to another bank.

What to give a sender who pays you at Bankhaus Loebbecke AG

Someone abroad who wants to pay you needs several details about your account – incomplete details often cause delays. In practice that means: your full name as registered with Bankhaus Loebbecke AG, your IBAN or account number, the SWIFT/BIC code LOEBDEBBXXX and, often, your postal address.

Some banks want the bank’s address, so keep it at hand. A typo in the IBAN is harder to fix than you might think.

Money from abroad will not always land in full. Correspondent banks can take a fee, and if the currency changes, a markup on the rate applies. Agree with the sender who covers the fees, especially for larger amounts.

Euro transfers to Bankhaus Loebbecke AG: is a BIC needed?

Since Germany is in SEPA, a euro payment into Bankhaus Loebbecke AG from within the SEPA area normally requires just the IBAN. Many banks do not require the BIC in that case or fill it in for you.

Outside the euro and from non-SEPA countries, LOEBDEBBXXX or LOEBDEBB remains required. Some banks and apps also ask for the BIC; in that case, enter LOEBDEBB.

Instant payments in euros have become increasingly supported across SEPA. Provided the payment stays in euros, a SEPA transfer is cheap; it is the conversion that costs money.

Which of the 2 codes of Bankhaus Loebbecke AG do you need?

Bankhaus Loebbecke AG has 2 different SWIFT/BIC codes. One of them is the head office code; the rest identify branches or departments, and sometimes specific services.

Unless the recipient tells you otherwise, use LOEBDEBBXXX. Branch codes are only needed when the recipient’s bank specifically asks for it.

The safest approach is to take the code directly from the recipient’s bank details. Branch codes are more likely to be retired than LOEBDEBBXXX.

A note on our data

We collect bank codes using public sources and update them regularly. It is possible that information on this page is out of date, for example after a merger. The figures on this page reflect our own data.

Before a payment that matters, always confirm the BIC with Bankhaus Loebbecke AG or with the recipient. We are a comparison site and not part of Bankhaus Loebbecke AG. Should you notice something that is out of date, we appreciate a short note.

Euro (EUR) and conversion costs

The local currency in Germany is the Euro (EUR). Money sent in a different currency is exchanged into EUR – and the bank that does it picks the rate. There is rarely a separate charge for the conversion – the cost sits in the rate.

Which bank converts the money matters, because each party uses its own rate. Transferring the money directly in EUR usually avoids a second conversion by Bankhaus Loebbecke AG, provided the rate you get is fair.

The rate for EUR changes throughout the day and quotes are often valid only for a short time. With bigger transfers, even seemingly small gap in the rate adds up quickly.

Is LOEBDEBB still correct? How to check

Have the recipient send you the account details directly from a recent statement. Check that code against LOEBDEBB on this page.

An incorrect BIC may lead to delays, a returned payment or extra fees for investigation. An error in the account number can be a bigger problem because it can reach the wrong person, so check that just as carefully.

A format check in your banking app merely confirms that the code is valid, not that it is the right account. Some banks now check the payee name against the account before you confirm; take any warning seriously. For a first payment, some people send a small amount first and wait for confirmation.

What a transfer from Bankhaus Loebbecke AG abroad really costs

When you transfer money abroad via Bankhaus Loebbecke AG, the visible fee is only part of the cost. Besides the transfer fee, correspondent or intermediary banks may take a cut, and if currencies are converted the bank often applies a rate below the actual market rate.

Banks do not show the margin on the rate as a cost – you only notice it if you compare. A simple test: set the rate you get against the mid-market rate for the same moment and work out the difference on your amount.

For many routes, a transfer service turns out to be less expensive than a traditional bank transfer. GoldexPay compares the amount that arrives across providers. You can always use your account at Bankhaus Loebbecke AG.