Erste Abwicklungsanstalt SWIFT/BIC code

What EAADDEDA means for a payment to Erste Abwicklungsanstalt

EAADDEDA and EAADDEDAXXX are two ways of writing the same bank identifier, and both lead to Erste Abwicklungsanstalt in Duesseldorf. A SWIFT code shows the sending bank which institution should receive the money, much like a postcode for banks. You will need it mainly for transfers between countries or a currency.

We wrote this page to help people who receives money at an account at Erste Abwicklungsanstalt without mistakes. The SWIFT code alone does not identify a personal account; that is what the account number or IBAN .

Receiving money from abroad at Erste Abwicklungsanstalt

To receive a transfer from abroad into your account at Erste Abwicklungsanstalt, the person paying you has to have more than the BIC. In practice that means: your name as registered with Erste Abwicklungsanstalt, your account number or IBAN, the BIC EAADDEDAXXX (or EAADDEDA) and usually your address.

Their bank might request the bank address of Erste Abwicklungsanstalt; the head office in Duesseldorf is usually fine. A mistake in the IBAN is harder to fix than you might think, so copy the details from your online banking.

Do not be surprised if the incoming amount is smaller than the amount on the sender’s receipt. Charges on incoming payments differ per bank; check the price list of Erste Abwicklungsanstalt. Agree with the sender who pays which costs, especially for larger amounts.

Choosing between the 2 SWIFT codes of Erste Abwicklungsanstalt

Erste Abwicklungsanstalt uses 2 different SWIFT/BIC codes. One of them is the head office code; the others belong to branches or departments.

For the vast majority of incoming transfers, the head office code EAADDEDAXXX is the right choice. Branch codes are only needed if the recipient’s bank explicitly asks for it, which is more common for corporate accounts and specialised services.

When in doubt, check with the recipient for the exact BIC in their bank details. Branch codes can change when banks reorganise.

Euro (EUR) and conversion costs

Most accounts at Erste Abwicklungsanstalt are typically held in EUR, the local currency. Money sent in a different currency will be exchanged into EUR before it reaches the account, and whoever converts it chooses the rate. You rarely see a separate line for the conversion.

Which bank converts the payment matters: every bank has its own margin. Compare how much EUR arrives with different services before choosing one.

The rate for EUR fluctuates constantly, so the amount you see is usually only valid for a short time. For recurring payments, small differences in the rate add up over time.

8 or 11 characters: EAADDEDA versus EAADDEDAXXX

Every SWIFT/BIC code has an 8-character core: four letters for the bank, a two-letter country code and two characters for the location. For Erste Abwicklungsanstalt, that core is EAADDEDA.

The full version has a three-character extension for a branch or department. When those three characters are XXX, the code points to the head office, so EAADDEDAXXX and EAADDEDA are interchangeable.

Do not add spaces when you enter EAADDEDA. Watch for the letter O and the digit 0 or I versus 1, a common source of typos.

When will the money arrive at Erste Abwicklungsanstalt?

A SWIFT payment usually needs one to a few business days – it depends on currency, route and the banks in between. Bank holidays in the sending or receiving country add extra days to the journey. Extra checks by one of the banks can also add some delay, even when all details are correct.

When a payment takes longer than expected, ask your bank for the tracking status so they can trace it along the chain. Keep your transfer receipt until the money has arrived – you will need it for any trace request.

The bank that sent the money can start an official trace; the receiving side usually has nothing to trace yet. Ask the sender for the payment receipt including the reference.

International transfers from Erste Abwicklungsanstalt: the real cost

What you pay for an international transfer is made up of several parts, and the transfer fee is only the most visible one. Besides a fixed fee, correspondent or intermediary banks may deduct a fee, and if currencies are converted, the bank usually applies a rate that is less favourable than the real market rate.

The markup on the rate tends to be the biggest item even though it is not listed as a fee. Compare the rate you are offered with the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

Specialist money transfer services frequently offer a rate near the mid-market rate with clearer fees. GoldexPay compares transfer providers side by side so you can see what actually arrives for the same amount sent. Using a transfer service does not mean leaving Erste Abwicklungsanstalt.

How to check EAADDEDA before you pay

The most reliable source for the BIC is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. Check it against EAADDEDA here.

Errors in the SWIFT code tend to be costly rather than disastrous. Do not forget the account number: a mistake there is more difficult to undo than a wrong BIC.

An automatic check by your bank merely confirms that the code exists, not that it is the right account. More and more banks compare the name with the account before you confirm – do not ignore a mismatch warning. A small test payment can be worth it for large sums.

About this information

The details on this page come from public sources. It can happen that information here is out of date, for example after a merger. The number of codes we show are based on our own data.

Before any payment of any size, always check the BIC with the recipient’s bank or the recipient. GoldexPay is a comparison site for money transfers and not affiliated with Erste Abwicklungsanstalt. Found outdated information? Let us know via our contact form.

Euro transfers to Erste Abwicklungsanstalt: is a BIC needed?

Germany is a member 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.

Outside the euro and for senders outside SEPA, EAADDEDAXXX is still part of the payment details. If a payment form has a field for the BIC regardless, entering EAADDEDA is fine.

Instant payments in euros have become widely available within SEPA; check with Erste Abwicklungsanstalt whether it applies to your account. Provided the payment stays in euros, the transfer is cheap; costs rise once a conversion is involved.

Watch out for payment fraud

Fraudsters often send payment requests containing changed bank details, sometimes in an email that looks completely genuine. A valid SWIFT code tells you nothing about whether the request is genuine.

Do not trust contact details from the same email that contains the change. Pressure and secrecy are red flags – a real supplier can wait a day. Already paid? Call your bank without delay and ask them to try to recall the payment; also report it to the police.

Scams can also work the other way: someone claims to have sent too much and asks you to return the extra via a different route. A screenshot of a transfer proves nothing.