Furst Fugger Privatbank Aktiengesellschaft SWIFT/BIC code

SWIFT/BIC code of Furst Fugger Privatbank Aktiengesellschaft

The 8-character code FUBKDE71 and the full code FUBKDE71XXX identify the same bank: Furst Fugger Privatbank Aktiengesellschaft, with its head office in Augsburg. A SWIFT code shows the banks handling a payment exactly which bank should receive the money, much like a postcode for banks. In practice you usually see the code on invoices from abroad, in payment forms and on the account details of Furst Fugger Privatbank Aktiengesellschaft customers.

Further down we go through the practical questions: receiving money at Furst Fugger Privatbank Aktiengesellschaft, sending money abroad and how to verify the code before you confirm a payment. Keep in mind that the BIC just identifies the bank, not the account: the account number or IBAN does that part.

What a transfer from Furst Fugger Privatbank Aktiengesellschaft abroad really costs

A bank transfer abroad can cost rather more than the fee suggests. On top of the transfer fee, correspondent or intermediary banks may take a cut, and if the money changes currency the bank usually applies a rate that is less favourable than the real market rate.

The real cost is often in the rate: many banks convert using an exchange rate with a margin built in. 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.

Specialist money transfer services frequently offer a rate near the mid-market rate. GoldexPay compares the amount that arrives with different services, which makes the cheapest option easy to spot. Choosing a specialist does not mean leaving Furst Fugger Privatbank Aktiengesellschaft – you pay the provider from your own account.

Which of the 3 codes of Furst Fugger Privatbank Aktiengesellschaft do you need?

Our database contains 3 SWIFT/BIC codes for Furst Fugger Privatbank Aktiengesellschaft, spread over 3 locations. Next to the head office code FUBKDE71XXX, there are codes for individual branches and departments.

In most cases there is no need to look up a branch: payments addressed to FUBKDE71XXX reach Furst Fugger Privatbank Aktiengesellschaft without problems. A branch code only makes sense when the account holder specifically asks for it, which is more common for corporate accounts and trade services.

Unsure which code to use? Check with the recipient, or look at a recent statement from Furst Fugger Privatbank Aktiengesellschaft. Branch codes are more prone to change than FUBKDE71XXX.

Euro transfers to Furst Fugger Privatbank Aktiengesellschaft: is a BIC needed?

Since Germany is part of the SEPA zone, a euro payment to Furst Fugger Privatbank Aktiengesellschaft from another SEPA country normally requires just the IBAN. Most banking apps do not require the BIC in that case or fill it in for you.

You still need FUBKDE71XXX when sending non-euro payments or money from outside the SEPA area. Some banks and apps still ask for the BIC out of habit; if so, enter FUBKDE71.

Euro payments within SEPA usually arrive by the next business day, and instant transfers in seconds where both banks support them. Fees for SEPA transfers tend to be low.

How to check FUBKDE71 before you pay

Ask the recipient to copy the bank details straight from their banking app. When the code you were given does not match FUBKDE71 or FUBKDE71XXX, do not guess: check with the recipient or with Furst Fugger Privatbank Aktiengesellschaft directly.

An incorrect BIC can cause a delay, a returned payment or additional charges along the way. Remember the IBAN: an error there can be harder to undo than a wrong code.

An automatic check in your banking app merely confirms that the IBAN exists. More and more banks check the payee name with the account before you confirm; take any warning seriously. A small test payment can be a sensible step for large sums, even if it costs an extra fee.

Euro (EUR) and conversion costs

The currency of Germany is the Euro (EUR). If you send money in a different currency it gets converted at some point – by your bank, by Furst Fugger Privatbank Aktiengesellschaft or by a bank in between. Every conversion eats into the amount – usually through the rate rather than a fee.

Which bank converts the payment matters. Sending the amount already in EUR often prevents a second conversion by Furst Fugger Privatbank Aktiengesellschaft, provided the rate you get is fair.

The EUR rate changes throughout the day and quotes are often valid only for a short time. With bigger transfers, even small gap in the rate can be worth more than the fee.

Where our SWIFT data comes from

We gather bank codes using public sources and update them from time to time. Still, banks merge or retire codes and our data may lag behind. The figures on this page reflect our own data, not official figures from Furst Fugger Privatbank Aktiengesellschaft.

Use this page as a starting point, rather than as the final word – the bank details from the recipient are leading. We are a comparison site and not part of Furst Fugger Privatbank Aktiengesellschaft. Found an error? Tell us via our contact form and we will look into it.

FUBKDE71 or FUBKDE71XXX – which one to use?

A SWIFT code is made up of a few fixed parts: the first four letters identify the bank, characters five and six give the country and the two after that mark the location. That gives you FUBKDE71.

Most banks and apps work with both lengths. If a form asks for eleven characters, use FUBKDE71XXX; if it wants eight, use FUBKDE71.

Leave out spaces, dots when you type FUBKDE71; the code is always written in one block. Look out for the letter O and the digit 0 or I versus 1.

Watch out for payment fraud

Be alert when someone suddenly asks you to pay into a different account or a bank in another country. The fact that FUBKDE71 exists is no guarantee that the account is genuine; criminals use the codes of real banks too.

Before paying, verify changed bank details by phone. Pressure and requests to keep it quiet are warning signs. Already paid? Contact your bank without delay and have them try to recall the payment.

Scams can also target the receiver: someone sends more than agreed and asks you to refund the difference to a new account. A payment confirmation from the sender is no proof; only your own account shows what has arrived.

When will the money arrive at Furst Fugger Privatbank Aktiengesellschaft?

How quickly a transfer reaches Furst Fugger Privatbank Aktiengesellschaft depends on a few things: the currency, how many intermediary banks are involved, cut-off times and time zones. Weekends and public holidays in the sending or receiving country add extra days, since banks do not process on those days. Occasionally a bank asks what the payment is for before releasing it.

A growing number of banks use SWIFT gpi. Every gpi transfer carries a unique transaction reference, the UETR, which your bank can use to see where the money is. Save your transfer receipt until the recipient confirms – you will need it for any trace request.

A delayed transfer has to be investigated by the sending bank on the basis of the transfer details. Ask the sender for the payment receipt.

Getting paid from abroad into a Furst Fugger Privatbank Aktiengesellschaft account

If you are waiting for a payment from another country, give the sender everything they need in one go. In practice that means: your full name as registered with Furst Fugger Privatbank Aktiengesellschaft, your IBAN or account number, the BIC FUBKDE71XXX and, often, your address.

Certain banks want the address of Furst Fugger Privatbank Aktiengesellschaft in Augsburg; it does no harm to include it. Double-check the details before you send them, because the sender’s bank usually copies them as is.

Expect that the incoming amount is smaller than what the sender paid. Fees for incoming transfers differ from bank to bank; check the price list of Furst Fugger Privatbank Aktiengesellschaft. For business payments, you can state how the fees are split, so that nobody is left short.