Marcard, Stein und Co. SWIFT/BIC code

Marcard, Stein und Co. SWIFT code: MCRDDEHH

MCRDDEHH and MCRDDEHHXXX are the short and the long form of the same SWIFT/BIC code, and both lead to Marcard, Stein und Co. in Hamburg. A SWIFT code tells the sending bank which institution is meant to get the money. You will need it mostly when dealing with payments that cross a border or a currency.

On this page you will find what the code is put together, when it matters and what else you need for a transfer to or from Marcard, Stein und Co.. Remember that the SWIFT code just identifies the bank, not the account: the IBAN or account number takes care of that.

When will the money arrive at Marcard, Stein und Co.?

A SWIFT payment usually takes one to a few business days, depending on the currency, the route and the banks involved. Bank holidays in the sending or receiving country can add extra days. Extra checks by one of the banks may also add a delay.

When a payment takes longer than expected, contact the sending bank about the tracking status and the transaction reference so they can trace it along the chain. Keep your transfer receipt; it contains the details a bank needs to start a trace.

If a payment has not arrived within the expected time, the sender should contact their own bank, not the receiving bank. Request from the sender the payment receipt – it helps your own bank look for the money.

Getting paid from abroad into a Marcard, Stein und Co. account

To receive a transfer from abroad into your account at Marcard, Stein und Co., the sender needs more than the SWIFT code. The basics are: the account holder’s name, account number or IBAN, MCRDDEHHXXX or MCRDDEHH and often your postal address.

It helps to include Marcard, Stein und Co. and its city as well, because some payment forms have separate fields for them. A mistake in the IBAN is more trouble than it looks; copy them from your banking app rather than typing.

Money from abroad does not always land in full. Fees for incoming transfers vary from bank to bank – the price list of Marcard, Stein und Co. tells you what applies. Agree with the sender who pays which costs.

MCRDDEHH or MCRDDEHHXXX – which one to use?

The layout of a BIC is always the same: four characters for the institution, two for the country and a two-character location code, sometimes followed by a branch code. For Marcard, Stein und Co., the 8-character core is MCRDDEHH.

Most payment forms work with both lengths. If a form asks for eleven characters, enter MCRDDEHHXXX, otherwise MCRDDEHH is fine.

Do not add spaces when you type MCRDDEHH; the code is always written in one block. Pasting the code is safer than retyping it: a typo can point to another bank.

Which of the 2 codes of Marcard, Stein und Co. do you need?

Having 2 codes, Marcard, Stein und Co. is one of the banks that register separate codes for branches and departments. The head office code is MCRDDEHHXXX.

In most cases there is no need to pick a branch: transfers addressed to MCRDDEHHXXX are routed within Marcard, Stein und Co. without problems. Branch codes are only needed if the account holder specifically mentions it.

The safest route is to take the code straight from the recipient’s statement. Codes for branches are more prone to be retired than the head office code.

International transfers from Marcard, Stein und Co.: the real cost

A bank transfer abroad costs rather more than the listed fee. On top of the transfer fee, correspondent or intermediary banks can take a cut, and when currencies are converted, the bank often uses a rate that is less favourable than the real market rate.

The real cost is often in the rate, not in the fee: many banks convert at a rate that includes a margin. An easy check: put the rate you get against the mid-market rate and look at the difference.

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 the amount the recipient gets for the same amount sent. You can still use your account at Marcard, Stein und Co. as the source of the money, while a cheaper service handles the conversion.

Protect yourself against fake payment requests

One of the most common tricks goes like this: an email arrives with a request saying that a company has new bank details and that the next payment should go there. That MCRDDEHH is a real code is no guarantee that the account is legitimate – fraudsters use real bank codes as well.

Always confirm a change of bank details by phone. Watch out for time pressure, unusual wording or an email address that differs by one letter. Already paid? Contact the bank you paid from straight away and have them try to recall the payment and report the fraud.

People receiving money can be targeted as well: one known trick is an overpayment and then sends a request to send back the difference. Wait until the money is actually in your account and check with Marcard, Stein und Co. if anything seems off.

Paying Marcard, Stein und Co. in euros within SEPA

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

You still need MCRDDEHHXXX when sending payments in other currencies or transfers from countries outside SEPA. Some forms still ask for the BIC; in that case, enter MCRDDEHH.

Instant payments in euros have become increasingly supported within SEPA; check with Marcard, Stein und Co. whether it applies to your account. As long as the payment stays in euros, the transfer tends to be cheap.

How to check MCRDDEHH before you pay

The most reliable place for the right code is paperwork issued by the bank. If the code you have does not match MCRDDEHH or MCRDDEHHXXX, do not guess: check with the recipient or with Marcard, Stein und Co. directly.

Mistakes in the SWIFT code tend to be costly more than disastrous: often the payment comes back, minus fees. A mistake in the IBAN or account number is a bigger problem, because the money may be credited to someone else; check it just as carefully.

An automatic check by your bank only tells you that the IBAN is valid, not that it is the right account. More and more banks check the name against the account – do not ignore a mismatch warning. When you pay someone new, some people send a small test amount before sending the rest.

How up to date is this code?

The codes on this page are taken from public sources which we refresh regularly. Still, banks merge, rename themselves or retire codes. The figures we show are based on our own data, not official figures from Marcard, Stein und Co..

Before any payment of any size, confirm the BIC with the recipient’s bank or the recipient. GoldexPay is independent of Marcard, Stein und Co.; we are a comparison site for money transfers. Found outdated information? Let us know through the contact page so we can correct it.

Euro (EUR) and conversion costs

Most accounts at Marcard, Stein und Co. are typically held in EUR, the local currency. When you pay money in a different currency, the amount has to be converted somewhere along the way: by your bank, an intermediary or Marcard, Stein und Co. itself. There is rarely a separate charge for the conversion.

Where the conversion happens has an effect on how much arrives, as rates and margins differ per bank. Compare what EUR the recipient gets with different services before choosing one.

Rates for EUR move all the time, and some providers let you lock in a rate. For recurring payments, a slightly better rate make a real difference over a year.