Garantibank International NV SWIFT/BIC code

SWIFT/BIC code of Garantibank International NV

The short code UGBIDEDD and the full code UGBIDEDDXXX refer to the same bank: Garantibank International NV, with its head office in Duesseldorf. Every bank on the SWIFT network uses these codes to direct international transfers to the right bank. It comes up mainly for payments that cross a border or a currency.

This page is meant to help people who receives money at an account at Garantibank International NV and wants to get the details right. Keep in mind that the BIC just identifies the bank, not the person: the account number or IBAN does that part.

What to give a sender who pays you at Garantibank International NV

For a transfer from abroad at Garantibank International NV, the sender needs more than the BIC. The basics are: your name, IBAN or account number, UGBIDEDDXXX or UGBIDEDD and often your home address.

It helps to include the bank name and Duesseldorf as well. Double-check each detail before you share them – a sender rarely spots a mistake in someone else’s details.

The amount you receive can be less than what was sent. Intermediary banks may deduct a fee, and if the currency changes, a markup on the rate applies. On invoices, you can state who bears the costs to avoid a shortfall.

Watch out for payment fraud

Be alert if a contact unexpectedly wants you to send money to another account. A correct SWIFT code tells you nothing about whether the request is genuine.

Verify new payment details via a different channel like a call to a number from an earlier contract, not by replying to the message. Be suspicious of time pressure, unusual wording or an email address that differs by one letter. Already paid? Call the bank you paid from straight away and ask them to try to recall the payment.

Recipients are targeted too: a classic trick is an overpayment followed by a request to refund the difference. Wait until the money has really arrived – ask Garantibank International NV if something looks wrong.

How up to date is this code?

The directory on GoldexPay draws on publicly available sources and is updated regularly. It is possible that information on this page is out of date, for example after a merger. Counts and locations are from our directory and are not confirmed by Garantibank International NV.

Treat this page as a starting point, rather than as the final word: the recipient’s bank details come first. We are an independent comparison service for money transfers and not part of Garantibank International NV. Found an error? Tell us via our contact form.

Tracking a transfer to or from Garantibank International NV

How quickly a payment reaches Garantibank International NV is determined by a few things: which currency you send, how many intermediary banks are involved, daily processing deadlines and time zones. Transfers sent after the cut-off time or on a weekend or public holiday usually start the next business day. Sometimes a bank wants to know what the payment is for before releasing it.

A growing number of banks use SWIFT gpi for faster and traceable payments. Every payment gets a unique reference, the UETR, which your bank can use to see where the money is. 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; the receiving side usually has nothing to trace yet. Request from the sender a copy of the payment confirmation with the date and reference – it helps your own bank look for the money.

Sending money abroad from Garantibank International NV

A bank transfer abroad can cost more than the fee suggests. You pay the fee for the transfer itself, sometimes charges from correspondent banks in between and, above all, the margin on the exchange rate.

Banks do not list the margin on the rate as a cost – you only notice it if you compare. An easy check: put the bank’s rate next to the mid-market rate and look at the difference.

For a lot of routes, a transfer service turns out to be less expensive than a traditional bank transfer, mainly because of the exchange rate. GoldexPay compares what recipients receive across providers, so you can pick the cheapest route. You can still keep your account at Garantibank International NV; only the conversion and sending happen elsewhere.

SEPA payments and the Garantibank International NV BIC

Since Germany is in SEPA, a euro payment to Garantibank International NV from another SEPA country normally requires just the IBAN. Many banks no longer ask for the BIC for these payments or fill it in for you.

Outside the euro and from non-SEPA countries, UGBIDEDDXXX or UGBIDEDD remains part of the payment details. A few banks and apps also show a field for the BIC; if so, fill in UGBIDEDD or UGBIDEDDXXX.

Instant euro transfers have become widely available within SEPA – whether Garantibank International NV offers them for your account is worth checking. Fees for SEPA transfers tend to be low.

8 or 11 characters: UGBIDEDD versus UGBIDEDDXXX

The structure of every SWIFT code is always the same: four characters for the institution, two for the country and two for the location, plus an optional branch code. For Garantibank International NV, the 8-character core is UGBIDEDD.

XXX at the end of UGBIDEDDXXX is not a missing value or an error: it stands for the head office of Garantibank International NV. Some forms insist on 11 characters, in which case you simply enter XXX after UGBIDEDD.

Type the code as one block, in upper case and without separators. Copying the code is safer than typing it by hand, because one wrong letter changes the bank.

Euro (EUR) and conversion costs

Most accounts at Garantibank International NV are typically held in EUR, the national currency. When you pay money in a different currency has to be converted somewhere along the way: by your bank, an intermediary or Garantibank International NV itself. You rarely see a separate charge for that conversion – the cost sits in the rate.

Who converts the payment makes a difference: every bank has its own margin. Check how much EUR the recipient gets with several providers; the difference between options can be larger than you expect.

Exchange rates change all the time. For recurring payments, a slightly better rate make a real difference over a year.

Which of the 2 codes of Garantibank International NV do you need?

Our database contains 2 SWIFT/BIC codes for Garantibank International NV in 1 places. Besides the head office code UGBIDEDDXXX, there are codes for individual branches and departments.

For the vast majority of payments to a private or business account, the head office code UGBIDEDDXXX is the right choice. If you have been given a branch code, use it as it is instead of swapping it with the head office code.

The best way is to copy the code directly from the account holder’s invoice. Branch codes are more prone to change than the head office code when a bank merges or closes offices.

Is UGBIDEDD still correct? How to check

Ask the recipient to copy their bank details straight from their online banking. Compare it with UGBIDEDD here and ask if anything does not match.

Errors in the SWIFT code tend to be annoying rather than disastrous: often the payment comes back, minus fees. An error in the IBAN or account number can be a bigger problem, because the money may be credited to someone else, so check that just as carefully.

Many banking apps check the format of IBANs and some suggest the matching BIC, but that does not prove the account belongs to the right person. If your bank offers it, a payee name check before sending adds extra certainty. A small test payment is a sensible step for large sums.