Nibc Bank Deutschland AG SWIFT/BIC code

What GABKDE31 means for a payment to Nibc Bank Deutschland AG

The short code GABKDE31 and the full code GABKDE31XXX identify one and the same institution: Nibc Bank Deutschland AG, with its head office in Essen. Banks worldwide use these codes to route international transfers to the right institution. You will need it mostly when dealing with payments that cross a border.

On this page you can read how the code means, when you need it and what else a transfer to or from Nibc Bank Deutschland AG requires. Keep in mind that the SWIFT code just identifies the bank, not the account: the IBAN or account number does that part.

What to give a sender who pays you at Nibc Bank Deutschland AG

To receive a transfer from abroad at Nibc Bank Deutschland AG, the sender needs not just the BIC. What they need is: the account holder’s name, IBAN or account number, GABKDE31XXX and in many cases your home address.

Certain banks want the address of Nibc Bank Deutschland AG, so keep it at hand. Check each detail before you send them.

Do not be surprised if the amount credited is below what the sender paid. Correspondent banks can take a fee and your own bank may charge for processing, and when currencies differ, an exchange rate margin comes on top. Make clear with the sender who pays which costs before the money is sent.

Sending EUR to Nibc Bank Deutschland AG

Germany uses the Euro (EUR). A payment in a foreign currency is converted into EUR before it reaches the account, and whoever converts it chooses the rate. You rarely see a separate line for the conversion; it is built into the rate.

Which bank converts the money makes a difference: every bank has its own margin. In many cases it is cheaper to send EUR straight away via a provider with a good rate, so that the receiving bank does not need to convert again.

Rates for EUR change during the day. With bigger transfers, a seemingly small gap in the rate adds up quickly.

Tracking a transfer to or from Nibc Bank Deutschland AG

A SWIFT payment typically takes anywhere from one to several business days – it depends on currency, route and the banks in between. Transfers sent late in the day or just before weekends and holidays often go out the next business day. Compliance checks on larger or unusual payments can also add some delay.

A growing number of banks are connected to SWIFT gpi for faster and traceable payments. Every payment carries a unique reference, the UETR, which your bank can use to see where the money is. Money transfer services often show tracking online showing how far the payment is.

The bank that sent the money is able to start an official trace. Request from the sender a copy of the payment confirmation including the reference – it helps your own bank look for the money.

Which of the 4 codes of Nibc Bank Deutschland AG do you need?

Our directory lists 4 SWIFT/BIC codes for Nibc Bank Deutschland AG in 1 cities. Next to the head office code GABKDE31XXX, you will find codes for regional offices and specialised units.

Unless the recipient tells you otherwise, use GABKDE31XXX or its short form GABKDE31. If you have been given a specific code, use it as it is instead of swapping it for the head office code.

If you are not sure, check with the recipient which code their bank gave them. Branch codes are sometimes changed or retired over time.

Changed bank details? Be careful

A common scam works like this: an email arrives with a message claiming that a company now has a new bank account and asking you to pay there from now on. A real SWIFT code says nothing about who owns the account – scammers simply use real codes.

Do not trust a phone number from the same email that contains the change. Watch out for time pressure, odd spelling or a sender address that is slightly off. When a payment was sent to the wrong account, call your bank right away: the sooner they act, the better the chance of a recall.

Recipients are targeted too: a classic trick is an overpayment followed by a request to send back the difference to another account. Wait until the money is actually in your account – ask Nibc Bank Deutschland AG if something looks wrong.

What the XXX in GABKDE31XXX means

Each SWIFT/BIC code has the same eight core characters: a four-letter bank code, two letters for the country and two characters for the location. For Nibc Bank Deutschland AG, the 8-character core is GABKDE31.

XXX at the end of GABKDE31XXX does not stand for a missing value or an error: it stands for the main office of Nibc Bank Deutschland AG. Certain payment forms insist on 11 characters, and then you can add XXX after GABKDE31.

In practice the code is written in capitals and without spaces. Watch for O versus 0 or the letter I and the digit 1.

What a transfer from Nibc Bank Deutschland AG abroad really costs

If you send money to another country from Nibc Bank Deutschland AG, the fee you see is only part of the cost. You pay the fee for the transfer itself, sometimes fees charged by intermediary banks in between and, most importantly, the exchange rate markup when the money is converted.

The markup on the rate is often the largest cost, and it is easy to miss. A simple test: put the rate you get next to the mid-market rate for the same moment and work out the difference on your amount.

Specialist money transfer services often offer rates closer to the mid-market rate with clearer fees. Before your next transfer, take a minute to compare the total cost on GoldexPay rather than accepting the bank’s rate by default. You can still keep your account at Nibc Bank Deutschland AG; only the conversion and sending happen elsewhere.

A note on our data

The codes on this page come from publicly available data which we refresh regularly. It is possible that a code on this page is out of date. Figures such as the number of codes are from our own dataset and may differ from what Nibc Bank Deutschland AG publishes.

For a payment of any size, confirm the code with Nibc Bank Deutschland AG or the recipient. GoldexPay has no connection to Nibc Bank Deutschland AG, we only compare transfer services. If you notice a mistake, we appreciate a message via the contact page.

Verifying the SWIFT code of Nibc Bank Deutschland AG

Ask the recipient to send you the bank details straight from their banking app. Compare that code with GABKDE31 on this page and ask if anything does not match.

Mistakes in the BIC tend to be annoying more than fatal: often the payment comes back, minus fees. An error in the IBAN or account number is more serious; check it just as carefully.

An automatic check in your banking app merely tells you that the code exists, not that it is the right account. If your bank offers it, a name check before sending adds extra certainty. A small test payment is a sensible step for a large first payment, even if it costs an extra fee.

Paying Nibc Bank Deutschland AG in euros within SEPA

Within the SEPA zone, euro transfers to Nibc Bank Deutschland AG use common rules and in most cases need only the IBAN. A field for the BIC is often optional in that case.

You will still need GABKDE31XXX for payments in other currencies or money from outside the SEPA area. A few banks and apps still show a field for the BIC; if so, fill in GABKDE31.

Instant euro transfers have become widely supported within SEPA – whether Nibc Bank Deutschland AG offers them for your account is worth checking. Charges on SEPA transfers are generally low, as long as no currency conversion is involved.