Degussa Bank AG SWIFT/BIC code

What DEGUDEFF means for a payment to Degussa Bank AG

The short code DEGUDEFF and the full code DEGUDEFFXXX refer to one and the same institution: Degussa Bank AG. Every bank on the SWIFT network uses these codes to direct payments between countries to the right institution. It comes up mostly when dealing with payments that cross a border or a currency.

Below you will find the practical side: money coming in from abroad, paying someone in another country and how to verify the code before you confirm a payment. Keep in mind that the SWIFT code just identifies the bank, not the account: the IBAN or account number does that part.

When will the money arrive at Degussa Bank AG?

There is no single answer for international payments: some arrive within a day while others need several business days. Transfers sent late in the day or on weekends and holidays usually go out the next business day. Extra checks on larger or unusual payments may also cause a delay.

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

Only the sending bank can start an official trace or a recall. On the receiving end, you can check your account to see a partial amount, since fees may have been deducted.

A note on our data

We collect bank codes using public sources and check our list from time to time. It can happen that information on this page is out of date after a merger or reorganisation. The figures we show are based on what is in our directory, not official figures from Degussa Bank AG.

Before any payment that matters, check the code with Degussa Bank AG or the recipient. GoldexPay is not affiliated with Degussa Bank AG. If you notice something that is out of date, we appreciate a message via the contact page.

What to give a sender who pays you at Degussa Bank AG

Someone abroad who wants to pay you will ask for a few details about your account – incomplete details often cause delays. That means: your name exactly as it appears on the account, your account number or IBAN, the BIC DEGUDEFFXXX (or DEGUDEFF) and sometimes your postal address.

You can include the bank name and its city too. A typo in the IBAN can be more trouble than it looks, so copy the details from your online banking.

The amount you receive can be lower than what was sent. Correspondent banks can take a fee, Degussa Bank AG may charge for incoming payments, and when currencies differ, a markup on the rate applies. Make clear with the sender who covers the fees before the money is sent.

Paying Degussa Bank AG in euros within SEPA

Since Germany is part of SEPA, a euro payment into Degussa Bank AG from another SEPA country usually requires just the IBAN. Most banking apps do not require the BIC in that case or fill it in for you.

The BIC does come into play for payments in other currencies, and for transfers from outside SEPA. If a payment form has a field for the BIC anyway, adding DEGUDEFF does no harm.

SEPA transfers normally land within one business day. Fees for SEPA transfers tend to be low.

DEGUDEFF or DEGUDEFFXXX – which one to use?

Each SWIFT/BIC code starts with the same eight core characters: a four-letter bank code, two letters for the country and two characters for the location. In this case, the 8-character core is DEGUDEFF.

XXX at the end of DEGUDEFFXXX does not stand for a missing value or a mistake: it stands for the main office of Degussa Bank AG. Some banking apps insist on 11 characters, and then you can add XXX after DEGUDEFF.

In practice the code is typed in capitals, without spaces or dashes. Watch for the letter O and the digit 0 and I versus 1.

Watch out for payment fraud

Be alert when someone suddenly asks you to send money to a different account abroad. That DEGUDEFF is a real code is no guarantee that the account is legitimate.

Always verify a change of 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. Acted too fast? Call the bank you paid from straight away and have them start a recall.

Fraud can also work the other way. Someone claims to have sent more than agreed and wants you to return the difference. Do not act before the money is actually in your account – ask Degussa Bank AG if something looks wrong.

What a transfer from Degussa Bank AG abroad really costs

If you transfer money to another country from Degussa Bank AG, the visible fee is rarely all of the cost. On top of the transfer fee, correspondent or intermediary banks can deduct a fee, and if currencies are converted the bank often applies a rate that is less favourable than the real market rate.

That exchange rate margin is often the largest cost because it is hidden in the rate. Check their rate against the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

Specialised transfer providers often use a rate near the mid-market rate and lower fees. Next time you send money, take a minute comparing the total cost on GoldexPay rather than accepting the bank’s rate by default. You can always use your account at Degussa Bank AG as the source of the money, while a cheaper service handles the conversion.

Choosing between the 3 SWIFT codes of Degussa Bank AG

Degussa Bank AG has 3 separate SWIFT/BIC codes across 1 locations. Only one is the head office code, DEGUDEFFXXX; the others identify branches or departments.

In most cases you do not need to pick a branch: payments sent to DEGUDEFFXXX reach Degussa Bank AG without problems. A branch code only makes sense when the account holder specifically mentions it, which is more common for corporate accounts and specialised services.

When in doubt, check with the recipient which code their bank gave them. Branch codes are more likely to be retired than DEGUDEFFXXX.

Before you send: check the Degussa Bank AG code

The most reliable source for a SWIFT code is the bank details provided by the recipient – an invoice, a statement or a screenshot from online banking. If the code you have does not match DEGUDEFF or DEGUDEFFXXX, do not guess.

Errors in the SWIFT code tend to be costly more than disastrous. An error in the account number is more serious because it can reach the wrong person, so check that just as carefully.

Many banking apps validate the structure of IBANs – that confirms the format, not the owner. Some banks now compare the payee name with the account before you confirm – do not ignore a mismatch warning. When you pay someone new, some people send a small test amount before sending the rest.

The Euro and what conversion costs you

The local currency in Germany is the Euro (EUR). If you send money in a different currency it gets converted at some point. There is rarely a separate line for that conversion; it is built into the rate.

Which bank converts the money matters. Transferring the money directly in EUR usually prevents a second conversion at the receiving end – as long as your own rate is good.

The rate for EUR changes constantly and quotes are often valid only for a short time. For regular payments, a slightly better rate make a real difference over time.