Fidor Bank AG SWIFT/BIC code

FDDODEMM – the SWIFT/BIC code of Fidor Bank AG

FDDODEMM and FDDODEMMXXX are two spellings of the same SWIFT/BIC code, and both point to Fidor Bank AG in Muenchen. Every bank on the SWIFT network uses these codes to route payments between countries to the correct institution. You will need it mostly when dealing with transfers between countries and payments in foreign currencies.

We wrote this page to help people who receives money at an account at Fidor Bank AG. Keep in mind that the SWIFT code only identifies the bank, not the account: the IBAN or account number takes care of that.

Euro transfers to Fidor Bank AG: is a BIC needed?

Germany belongs to the SEPA area. When you send euros from another SEPA country, the IBAN is usually enough and the BIC is often filled in automatically.

Outside the euro and for senders outside SEPA, FDDODEMMXXX remains part of the payment details. Some forms also ask for the BIC out of habit; in that case, enter FDDODEMM.

Euro payments within SEPA normally land by the next business day; instant payments are faster if both banks offer them. Provided the payment stays in euros, a SEPA transfer tends to be inexpensive.

International transfers from Fidor Bank AG: the real cost

When you send money abroad from Fidor Bank AG, the visible fee is only part of what you pay. There is the transfer fee, possibly fees charged by intermediary banks in between and, above all, the margin on the exchange rate.

That exchange rate margin tends to be the largest cost even though it is not listed as a fee. A simple test: put the bank’s rate against the mid-market rate for the same moment and work out the difference on your amount.

For a lot of routes, a transfer service turns out to be cheaper than a bank – mostly thanks to the rate. On GoldexPay you can compare the amount that arrives across providers, so you can pick the cheapest route. You can always use your account at Fidor Bank AG to fund the transfer; only the conversion and sending happen elsewhere.

Fidor Bank AG: head office code versus branch codes

Fidor Bank AG uses 2 separate SWIFT/BIC codes across 1 cities. Only one is the head office code, FDDODEMMXXX; the rest identify branches.

If nobody asks you for a branch code, use FDDODEMMXXX. A branch code only makes sense when the account holder specifically asks for it.

The safest approach is to copy the code straight from the account holder’s statement. Codes can change when banks reorganise, so a code from an old document is not always valid.

Why Fidor Bank AG has an 8- and an 11-character code

A SWIFT code is made up of a few fixed parts: characters one to four stand for the bank, the next two give the country and the two after that mark the location. For Fidor Bank AG, the 8-character core is FDDODEMM.

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 FDDODEMMXXX and FDDODEMM are interchangeable.

Do not add spaces when you type FDDODEMM or FDDODEMMXXX. Look out for the letter O and the digit 0 or the letter I and the digit 1, a common source of typos.

Where our SWIFT data comes from

This directory is based on publicly available sources and we update it periodically. Even so, banks merge, rename themselves or retire codes. The number of codes we show are based on our own data.

Treat this page as a reference, rather than as the last word – the bank details from the recipient are leading. GoldexPay is not affiliated with Fidor Bank AG. Should you notice something that is out of date, we welcome a message via the contact page.

Getting paid from abroad into a Fidor Bank AG account

If you are waiting for a payment from another country, give the sender a complete set of details. In practice that means: your name as registered with Fidor Bank AG, your account number or IBAN, the SWIFT/BIC code FDDODEMMXXX (or FDDODEMM) and, often, your address.

Their bank may also ask for the bank address of Fidor Bank AG, in which case the Muenchen head office is the usual answer. Double-check the details before you send them.

What lands in your account is often less than the amount sent. Fees for incoming transfers differ from bank to bank; check the price list of Fidor Bank AG. For business payments, you can state who bears the costs to avoid a shortfall.

Is FDDODEMM still correct? How to check

Ask the recipient to copy the account details directly from a recent statement. If the code you have differs from FDDODEMM or FDDODEMMXXX, do not guess: check with the recipient or with Fidor Bank AG directly.

Errors in the BIC tend to be costly rather than disastrous: often the payment comes back, minus fees. A mistake in the account number is a bigger problem because it can reach the wrong person, so check that just as carefully.

Many banking apps validate the structure of an IBAN and some suggest the matching BIC. Some banks now compare the payee name with the account; take any warning seriously. Sending a small amount first can be worth it for a large first payment.

Scams that use SWIFT codes

Be alert when a contact suddenly wants you to send money to a different account. A correct SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Never rely on a phone number from the same email that announces the new account. Be suspicious of time pressure, odd spelling or a sender address that is slightly off. Already paid? Call the bank you paid from straight away and have them start a recall.

Scams also target the receiver: someone claims to have sent more than agreed and wants you to refund the difference. A payment confirmation from the sender proves nothing.

The Euro and what conversion costs you

The local currency of Germany is the Euro (EUR). Money sent in a different currency will be exchanged into EUR on its way to Fidor Bank AG – and the bank that does it picks the rate. Each conversion eats into the amount.

Who does the conversion affects how much arrives. Sending the money already in EUR usually prevents an extra conversion, provided the rate you get is fair.

Rates for EUR move during the day – some services let you fix a rate in advance. On larger amounts, even small gap in the rate adds up quickly.

When will the money arrive at Fidor Bank AG?

How fast a transfer arrives at Fidor Bank AG is determined by several factors: which currency you send, the number of banks in between, daily processing deadlines and differences in time zone. Payments made after the cut-off time or on weekends and holidays usually go out a business day later. Compliance checks by one of the banks can also cause a delay, even when all details are correct.

Many banks use SWIFT gpi. Every gpi transfer carries a unique transaction reference, the UETR. Money transfer services usually show a status online so you can see how far the payment has got.

If the money does not arrive within the expected time, the person who paid needs to contact their own bank, not the receiving bank. Ask the sender for a copy of the payment confirmation including the reference – it helps your own bank look for the money.