Sparkasse Oberland SWIFT/BIC code

BYLADEM1 – the SWIFT/BIC code of Sparkasse Oberland

BYLADEM1 and BYLADEM1SOG are two ways of writing the same bank identifier, and both point to Sparkasse Oberland in Schongau. A SWIFT code tells the banks handling a payment which institution should receive the money, much like a postcode for banks. In daily life you mostly come across it on international invoices, in payment forms and on the account details that Sparkasse Oberland provides.

This page is meant to help people who receives money at an account at Sparkasse Oberland. A SWIFT code identifies a bank or branch, not a single account.

Before you send: check the Sparkasse Oberland code

The most reliable source for the BIC is the bank details provided by the recipient – an invoice, a statement or a screenshot from online banking. When the code you were given differs from BYLADEM1 or BYLADEM1SOG, do not guess: check with the recipient or with Sparkasse Oberland directly.

If the code is wrong, the payment may get stuck, be returned or end up costing more. An error in the account number is a bigger problem, because the money may be credited to someone else, so check that just as carefully.

An automatic check in your banking app only confirms that the IBAN is valid, not that it is the right account. More and more banks check the name against the account before you confirm. A small test payment can be a sensible step for large sums.

Sending EUR to Sparkasse Oberland

The national currency in Germany is the Euro (EUR). A payment in a foreign currency is exchanged into EUR before it reaches the account, and whoever converts it chooses the rate. Every conversion eats into the amount, even when no fee is shown.

Who converts the money makes a difference. Sending the money already in EUR usually prevents an extra conversion – as long as your own rate is good.

Exchange rates move all the time. If you pay regularly, small differences in the rate add up over time.

What the XXX in BYLADEM1SOG means

The layout of a BIC never changes: four characters for the institution, two for the country and a two-character location code, sometimes followed by a branch code. The result is BYLADEM1 for Sparkasse Oberland.

XXX at the end of BYLADEM1SOG does not stand for a missing value or a mistake: it indicates the head office of Sparkasse Oberland. Some forms ask for 11 characters, in which case you can add XXX behind BYLADEM1.

Type the code as one block, in capitals and without spaces. Pasting the code beats typing it by hand.

Getting paid from abroad into a Sparkasse Oberland account

For an international payment at Sparkasse Oberland, the person paying you has to have more than the BIC. That means: your name as registered with Sparkasse Oberland, your IBAN or account number, the SWIFT/BIC code BYLADEM1SOG (or BYLADEM1) and usually your postal address.

Some sending banks also ask for the name and address of Sparkasse Oberland; it does no harm to include it. A typo in your account number is harder to fix than it looks, so copy the details from your online banking.

An incoming payment will not always arrive in full. Fees for incoming transfers differ from bank to bank. Agree with the sender who pays which costs, especially for larger amounts.

International transfers from Sparkasse Oberland: the real cost

If you send money abroad through Sparkasse Oberland, the visible fee is only part of the cost. There is the fee for the transfer itself, possibly fees charged by intermediary banks in between and, most importantly, the margin on the exchange rate when the money is converted.

The markup on the rate tends to be the biggest item. Check the rate you are offered against the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

For a lot of routes, a specialist provider is less expensive than a bank – mostly thanks to the rate. GoldexPay compares these services next to each other, showing the amount the recipient gets. Choosing a specialist does not require leaving Sparkasse Oberland – you pay the provider from your own account.

Choosing between the 2 SWIFT codes of Sparkasse Oberland

Having 2 codes in 2 cities, Sparkasse Oberland belongs to the banks that register separate codes for branches. The head office code is BYLADEM1SOG.

For the vast majority of incoming transfers, the head office code BYLADEM1SOG is the right choice. Only use a branch code when the account holder gives you that exact code, for example on an invoice or in their bank details.

Not sure which code applies? Check with the recipient or the bank itself. Branch codes are more prone to be retired than the head office code when a bank merges or closes offices.

Euro transfers to Sparkasse Oberland: is a BIC needed?

Because Germany is in the SEPA zone, a euro payment to Sparkasse Oberland from within the SEPA area usually requires just the IBAN. Most banking apps do not require the BIC in that case or fill it in for you.

For anything other than euros and for senders outside SEPA, BYLADEM1SOG or BYLADEM1 is still required. Some forms still ask for the BIC; in that case, enter BYLADEM1 or BYLADEM1SOG.

Instant payments in euros have become increasingly available across SEPA – whether Sparkasse Oberland offers them for your account is worth checking. Provided the payment stays in euros, the transfer tends to be inexpensive; costs rise once a conversion is involved.

Scams that use SWIFT codes

Scammers regularly use payment requests containing changed bank details. That BYLADEM1 is a real code is no guarantee that the account is legitimate – fraudsters use real bank codes as well.

Before paying, verify changed bank details through a phone call. Watch out for time pressure, unusual wording or an email address that differs by one letter. When a payment was sent to the wrong account, contact your bank immediately – speed improves the chance of getting it back.

Scams can also target the receiver: someone sends more than agreed and wants you to refund the extra via a different route. Do not act before the money has really arrived – ask Sparkasse Oberland if something looks wrong.

Transfer times and tracking a payment to Sparkasse Oberland

There is no single delivery time for every transfer: some arrive the same day or the next. Payments made late in the day or just before weekends and holidays usually go out a business day later. Compliance checks by one of the banks may also add a delay, even when all details are correct.

If a transfer is late, contact the sending bank about the status or the UETR. Keep your transfer receipt until the money has arrived; it contains the details a bank needs to start a trace.

The bank that sent the money can start an official trace. On the receiving end, it helps to look at your account for a slightly lower amount because fees can reduce the amount.

How up to date is this code?

Our SWIFT/BIC directory is compiled from publicly available sources and we update it periodically. Even so, banks merge, rename themselves or change codes, so information can be out of date. Figures such as the number of codes come from our own dataset.

Treat the information here as a helpful check and rely on the recipient or Sparkasse Oberland for the final confirmation. We are a comparison service and not affiliated with Sparkasse Oberland. Should you notice something that is out of date, we appreciate a message.