Clearstream Banking AG SWIFT/BIC code

Clearstream Banking AG SWIFT code: DAKVDEFF

Whether you are given DAKVDEFF or DAKVDEFFXXX, you are looking at the same address for Clearstream Banking AG in Germany. A SWIFT code tells the sending bank which institution is meant to get the money, much like a postcode for banks. You will need it mostly when dealing with transfers between countries and payments in foreign currencies.

We wrote this page to help anyone who sends money to an account at Clearstream Banking AG. Keep in mind that the BIC only identifies the bank, not the person: the IBAN or account number does that part.

Head office or branch code at Clearstream Banking AG?

We have 115 SWIFT/BIC codes for Clearstream Banking AG, spread over 2 locations. Next to the head office code DAKVDEFFXXX, there are codes for individual branches and departments.

For most payments to a private or business account, the head office code DAKVDEFFXXX works fine. If you have been given a branch code, use it as it is instead of replacing it with the head office code.

Unsure which code to use? Check with the recipient, or look at a recent statement from Clearstream Banking AG. Branch codes can change when banks reorganise.

How long does an international transfer to Clearstream Banking AG take?

A SWIFT payment typically takes one to a few business days – it depends on currency, route and the banks in between. Bank holidays in the sending or receiving country can add a day or more to the journey. Sometimes a bank wants to know about the purpose of a payment, which can hold things up.

A growing number of banks use SWIFT gpi for faster and traceable payments. Every payment carries a unique reference, the UETR that banks can use to trace it. Save the payment confirmation – you will need it for any trace request.

A delayed transfer has to be traced by the sending bank. As a recipient, it helps to look at your account for a partial amount.

8 or 11 characters: DAKVDEFF versus DAKVDEFFXXX

A SWIFT code is made up of a few fixed parts: characters one to four identify the bank, the next two show the country and the two after that mark the location. Combined, these eight characters make up DAKVDEFF.

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

Do not add spaces when you type DAKVDEFF. A single character can send a payment to another bank.

Sending EUR to Clearstream Banking AG

The local currency in Germany is the Euro (EUR). If you send money in a different currency, the amount gets converted somewhere along the way: by your bank, an intermediary or Clearstream Banking AG itself. There is rarely a separate charge for the conversion.

Who converts the payment matters. Compare how much EUR the recipient gets with different providers; the difference between options can be larger than you expect.

The rate for EUR changes constantly and quotes are often valid only for a short time. If you pay regularly, a slightly better rate add up over time.

Receiving money from abroad at Clearstream Banking AG

To receive a transfer from abroad at Clearstream Banking AG, the sender has to have more than the SWIFT code. The basics are: your name, account number or IBAN, DAKVDEFFXXX and often your home address.

Their bank might also ask for the bank address of Clearstream Banking AG; the head office in Frankfurt Am Main is usually fine. A typo in the IBAN is more trouble than you might think.

Expect that the incoming amount is below what the sender paid. Charges on incoming payments differ from bank to bank. For business payments, it is common to state who bears the costs to avoid a shortfall.

Scams that use SWIFT codes

Criminals regularly use fake invoices with new bank details, sometimes in an email that looks completely genuine. A valid SWIFT code says nothing about whether the request is genuine: scammers use real codes of real banks.

Do not trust a phone number from the same email that contains the change. Urgency and requests to keep it quiet tend to be red flags; a genuine business can wait for you to check. When money has already gone to a fraudster, contact your bank immediately: the sooner they act, the better the chance of a recall.

Scams also work the other way: someone sends more than agreed and wants you to refund the extra to a new account. Wait until the money is actually in your account – ask Clearstream Banking AG if something looks wrong.

Paying Clearstream Banking AG in euros within SEPA

Germany is part of the SEPA area, where euro transfers follow common rules. For a standard euro transfer from another SEPA country, the IBAN is usually enough; many banks no longer ask for the BIC.

You still need DAKVDEFFXXX when sending payments in other currencies or money from outside the SEPA area. Some banks and apps also show a field for the BIC out of habit; in that case, enter DAKVDEFF.

Instant payments in euros have become widely available within SEPA. As long as no currency is converted, the transfer is cheap.

International transfers from Clearstream Banking AG: the real cost

What you pay for a payment abroad has several parts, and the transfer fee is only the most visible one. Besides the transfer fee, correspondent or intermediary banks may deduct a fee, and if the money changes currency, the bank usually uses a rate that is less favourable than the actual market rate.

Many banks rarely list the margin on the rate as a cost – you only notice it if you compare. A simple test: put the rate you get against the mid-market rate for the same moment and work out the difference on your amount.

Specialised transfer providers frequently use a rate near the mid-market rate with clearer fees. On GoldexPay we compare what recipients receive across services, which makes the cheapest option easy to spot. You can still use your account at Clearstream Banking AG; only the conversion and sending happen elsewhere.

A note on our data

The directory on GoldexPay is compiled from publicly available sources. It can happen that information on this page is no longer current. Figures such as the number of codes are from our own dataset and may differ from what Clearstream Banking AG publishes.

Treat our data as a starting point, not as the last word: the recipient’s bank details come first. GoldexPay is not affiliated with Clearstream Banking AG. If you notice a mistake, we welcome a short note.

Verifying the SWIFT code of Clearstream Banking AG

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 does not match DAKVDEFF or DAKVDEFFXXX, do not guess.

An incorrect BIC may lead to delays, a payment being sent back or extra fees along the way. A mistake in the account number can be a bigger problem because it can reach the wrong person.

Most online banking apps validate the structure of IBANs and some suggest the matching BIC, but that does not prove the account belongs to the right person. More and more banks compare the name against the account before you confirm – do not ignore a mismatch warning. Sending a small amount first is a sensible step for a large first payment despite the extra fee.