Sachsen Bank (Trading AS Landesbank Baden-Wuerttemberg) SWIFT/BIC code

SWIFT/BIC code of Sachsen Bank (Trading AS Landesbank Baden-Wuerttemberg)

If an invoice shows SOLADEST or SOLADEST850, you are looking at the same identifier for Sachsen Bank (Trading AS Landesbank Baden-Wuerttemberg) in Germany. A SWIFT code tells the banks handling a payment which institution should receive the money, a bit like a postal address for banks. You will need it mainly when dealing with payments that cross a border or a currency.

We wrote this page to help anyone who pays into an account at Sachsen Bank (Trading AS Landesbank Baden-Wuerttemberg) without mistakes. A SWIFT code identifies a bank or branch, never a specific account.

Sending EUR to Sachsen Bank (Trading AS Landesbank Baden-Wuerttemberg)

Most accounts at Sachsen Bank (Trading AS Landesbank Baden-Wuerttemberg) are usually held in EUR, the local currency of Germany. Money sent in a different currency is converted into EUR before it reaches the account, and whoever converts it chooses the rate. Every conversion costs something, even when no fee is shown.

Where the conversion happens has an effect on how much arrives. Often you pay less to send EUR directly through a transfer service that converts near the mid-market rate, so that the receiving bank does not need to convert again.

The EUR rate changes throughout the day and quotes are often valid only for a short time. On larger amounts, even seemingly small difference in the rate adds up quickly.

Incoming international payments to Sachsen Bank (Trading AS Landesbank Baden-Wuerttemberg)

To receive an international payment at Sachsen Bank (Trading AS Landesbank Baden-Wuerttemberg), the person paying you needs more than the SWIFT code. That means: your full name exactly as it appears on the account, your IBAN or account number, the BIC SOLADEST850 (or SOLADEST) and, often, your address.

You can add the bank name and Dresden as well, because some payment forms have separate fields for them. A typo in the IBAN is harder to fix than it looks.

Do not be surprised if the incoming amount is below the amount on the sender’s receipt. Fees for incoming transfers vary from bank to bank; check the price list of Sachsen Bank (Trading AS Landesbank Baden-Wuerttemberg). For business payments, it is common to state how the fees are split.

What a transfer from Sachsen Bank (Trading AS Landesbank Baden-Wuerttemberg) abroad really costs

If you send money to another country via Sachsen Bank (Trading AS Landesbank Baden-Wuerttemberg), the fee you see is rarely all of what you pay. You pay the fee for the transfer itself, possibly fees charged by intermediary banks in between and, most importantly, the exchange rate markup if the currency changes.

Banks do not show their exchange rate markup as a cost, but you pay it all the same. Compare the rate you are offered with the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

Specialist money transfer services frequently use rates closer to the mid-market rate and lower fees. Before your next transfer, take a minute comparing the total cost via GoldexPay instead of going straight to your bank. You can still keep your account at Sachsen Bank (Trading AS Landesbank Baden-Wuerttemberg) to fund the transfer, while a cheaper service handles the conversion.

SOLADEST or SOLADEST850 – which one to use?

Every 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. Together, these eight characters make up SOLADEST.

The full version adds three more characters that identify a branch or department. If the last three are XXX, the code points to the head office, so SOLADEST850 and SOLADEST are interchangeable.

As a rule the code is typed in capitals. A single character may route the money to a different institution, so copy it carefully.

Head office or branch code at Sachsen Bank (Trading AS Landesbank Baden-Wuerttemberg)?

Sachsen Bank (Trading AS Landesbank Baden-Wuerttemberg) has 4 separate SWIFT/BIC codes across 3 cities. One of them is the head office code; the others belong to branches or departments.

For most payments to a private or business account, the head office code SOLADEST850 works fine. A branch code only makes sense if the recipient’s bank specifically asks for it.

When in doubt, check with the recipient which code their bank gave them. Branch codes can change when banks reorganise, so a code from an old document is not always valid.

Tracking a transfer to or from Sachsen Bank (Trading AS Landesbank Baden-Wuerttemberg)

How fast a transfer arrives at Sachsen Bank (Trading AS Landesbank Baden-Wuerttemberg) depends on a few things: the currency, the number of banks in between, daily processing deadlines and time zones. Transfers sent late in the day or on a weekend or public holiday usually start the next business day. Sometimes a bank asks what the payment is for before releasing it.

If the money is delayed, ask the sending bank for the status and the transaction reference; with that reference banks can see where the payment is. Save the payment confirmation; it contains the details a bank needs to start a trace.

A delayed transfer has to be traced from the sending side. As a recipient, it helps to look at your statements for a partial amount, since fees may have been deducted.

Watch out for payment fraud

One of the most common tricks goes like this: an email arrives with a request claiming that a company now has a new bank account and asking you to pay there from now on. The fact that SOLADEST exists does not mean that the account is legitimate.

Always confirm changed bank details through a phone call. Watch out for time pressure, odd spelling or an email address that differs by one letter. Already paid? Call the bank you paid from straight away and have them try to recall the payment.

Recipients are targeted too: a classic trick is an overpayment and then sends a request to send back the difference. Do not act before the money is actually in your account – ask Sachsen Bank (Trading AS Landesbank Baden-Wuerttemberg) if something looks wrong.

Is SOLADEST still correct? How to check

Have the recipient send you the account details straight from their banking app. Check it against SOLADEST on this page.

A wrong SWIFT code may lead to a delay, a returned payment or additional charges for investigation. Remember the IBAN: an error there is more difficult to undo than a wrong BIC.

An automatic check in your banking app only tells you that the code is valid, not that it is the right account. Some banks now check the payee name against the account before you confirm – do not ignore a mismatch warning. When you pay someone new, some people start with a small amount first before sending the rest.

Where our SWIFT data comes from

The details on this page are taken from public sources. Institutions reorganise, change names and change codes, and a directory never catches every change immediately. The number of codes we show are based on our own data.

Treat this page as a starting point, rather than as the last word: the recipient’s bank details come first. We are a comparison service and not affiliated with Sachsen Bank (Trading AS Landesbank Baden-Wuerttemberg). If you notice a mistake, we welcome a message via the contact page.

Euro transfers to Sachsen Bank (Trading AS Landesbank Baden-Wuerttemberg): is a BIC needed?

Germany belongs to the Single Euro Payments Area (SEPA), the zone for uniform euro payments. For a regular euro transfer within SEPA, you normally only need the IBAN; many banks no longer ask for the BIC.

A SWIFT code like SOLADEST still matter when the currency is not euros and when the money comes from outside SEPA. If a payment form has a field for the BIC regardless, entering SOLADEST is fine.

Instant euro transfers have become widely available across SEPA; check with Sachsen Bank (Trading AS Landesbank Baden-Wuerttemberg) whether it applies to your account. As long as no currency is converted, the transfer is cheap; it is the conversion that costs money.