Bankhaus Werhahn GMBH SWIFT/BIC code

What WERHDED1 means for a payment to Bankhaus Werhahn GMBH

Whether you are given WERHDED1 or WERHDED1XXX, it is the same address for Bankhaus Werhahn GMBH in Germany. The code does one job: it ensures that money from abroad ends up at the right bank. In daily life you mostly see it on international invoices, in your banking app and in the bank details of Bankhaus Werhahn GMBH customers.

On this page you can read how the code means, when you need it and which other details a transfer to or from Bankhaus Werhahn GMBH requires. The SWIFT code alone does not identify a personal account; for that you need the IBAN or account number is for.

What a transfer from Bankhaus Werhahn GMBH abroad really costs

A bank transfer abroad can cost more than the listed fee. You pay the fee for the transfer itself, sometimes charges from correspondent banks in between and, most importantly, the exchange rate markup when the money is converted.

Most of the cost usually sits in the exchange rate: the bank converts at a rate with a margin built in. Check the rate you are offered against the mid-market rate – the rate you find on financial news sites.

Money transfer services often use rates closer to the mid-market rate. Next time you send money, it is worth to compare what arrives on GoldexPay instead of going straight to your bank. Choosing a specialist does not mean closing your account at Bankhaus Werhahn GMBH: you simply pay the service from your account.

8 or 11 characters: WERHDED1 versus WERHDED1XXX

The structure of a BIC is always the same: four characters for the institution, two for the country and two for the location. That gives you WERHDED1.

The 11-character version adds three more characters that identify a branch or department. When those three characters are XXX, they simply mean the head office, which is why WERHDED1XXX and WERHDED1 lead to the same place.

Leave out spaces or dashes when you type WERHDED1 or WERHDED1XXX. Look out for O versus 0 or I versus 1.

What to give a sender who pays you at Bankhaus Werhahn GMBH

When you expect a payment from another country, give the sender all details at once. In practice that means: your name exactly as it appears on the account, your IBAN or account number, the SWIFT/BIC code WERHDED1XXX (or WERHDED1) and sometimes your postal address.

Their bank might request the bank address of Bankhaus Werhahn GMBH, in which case the Neuss head office is the usual answer. A mistake in the IBAN is more trouble than it looks; copy them from your banking app rather than typing.

What lands in your account can be less than what was sent. Intermediary banks may deduct a fee, and if the money is converted, a markup on the rate comes on top. Make clear with the sender who pays which costs before the money is sent.

When will the money arrive at Bankhaus Werhahn GMBH?

How quickly a transfer arrives at Bankhaus Werhahn GMBH is determined by several factors: which currency you send, the number of banks in between, cut-off times and differences in time zone. Payments made late in the day or on weekends and holidays often go out the next business day. Extra checks on larger or unusual payments can also cause a delay, regardless of the details.

A growing number of banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Every gpi transfer carries a unique transaction reference, the UETR, which your bank can use to see where the money is. Keep the payment confirmation until the recipient confirms.

A missing payment is traced from the sending side on the basis of the transfer details. On the receiving end, it helps to look at your statements for a slightly lower amount.

Is WERHDED1 still correct? How to check

Ask the recipient to send you their account details straight from their banking app. When the code you were given does not match WERHDED1 or WERHDED1XXX, stop and ask – contact the recipient or Bankhaus Werhahn GMBH.

A wrong SWIFT code may lead to a delay, a payment being sent back or extra fees along the way. Remember the IBAN: a mistake there is harder to correct than a wrong BIC.

A format check in your banking app only tells you that the IBAN exists – not that it belongs to the person you mean to pay. Where available, a name check before sending gives an extra layer of safety. Sending a small amount first can be a sensible step for large sums despite the extra fee.

Euro transfers to Bankhaus Werhahn GMBH: is a BIC needed?

Germany is a member of the SEPA area. When you send euros within SEPA, you normally only need the IBAN.

For anything other than euros and from non-SEPA countries, WERHDED1XXX or WERHDED1 remains part of the payment details. If your banking app asks for the BIC regardless, entering WERHDED1 is fine.

Euro payments within SEPA normally land by the next business day; instant payments are faster if both banks offer them. Fees for SEPA transfers are generally low as long as everything stays in euros.

Bankhaus Werhahn GMBH: head office code versus branch codes

Our directory lists 2 SWIFT/BIC codes for Bankhaus Werhahn GMBH. Next to the head office code WERHDED1XXX, you will find codes for branches, departments or specific services.

For the vast majority of payments to a private or business account, the head office code WERHDED1XXX works fine. Only use a branch code when your contact gives you that exact code.

Unsure which code applies? Ask the recipient. Codes can change over time.

Paying into Bankhaus Werhahn GMBH in EUR

The local currency in Germany is the Euro (EUR). If you send another currency has to be converted somewhere along the way – by your bank, by Bankhaus Werhahn GMBH or by a bank in between. Every conversion costs the amount, even when no fee is shown.

Which bank converts the money matters. In many cases you pay less if you send EUR directly through a transfer service that converts near the mid-market rate.

Exchange rates change all the time, and some providers let you lock in a rate. With bigger transfers, a small difference in the rate can be worth more than the fee.

Changed bank details? Be careful

Criminals regularly send payment requests with new bank details sent from what looks like a familiar address. That WERHDED1 is a real code is no guarantee that the account is genuine – fraudsters use real bank codes as well.

Do not rely on contact details in the same message that announces the change. Urgency and secrecy tend to be warning signs; a genuine business can wait for you to check. When a payment has already gone to the wrong account, contact your bank immediately.

People receiving money are targeted too: a classic trick is an overpayment followed by a request to refund the difference. Do not act before the money is actually in your account.

Where our SWIFT data comes from

This directory draws on publicly available sources and we update it periodically. Still, banks merge, rename themselves or change codes, so information can be out of date. Counts and locations are from our own dataset and are not confirmed by Bankhaus Werhahn GMBH.

See the information here as a helpful check. We are an independent comparison service for money transfers and not part of Bankhaus Werhahn GMBH. If you notice something that is out of date, we welcome a message.