State Street Bank International GMBH SWIFT/BIC code

What SBOSDEMX means for a payment to State Street Bank International GMBH

The short code SBOSDEMX and the 11-character code SBOSDEMXXXX refer to the same bank: State Street Bank International GMBH, with its head office in Muenchen. A BIC does one job: it ensures that a cross-border transfer ends up at the right bank. In practice you usually come across it on invoices from abroad, in your banking app and in the bank details that State Street Bank International GMBH provides.

We wrote this page to help anyone who pays into an account at State Street Bank International GMBH and wants to get the details right. The BIC names an institution, not a specific account, which is why you always need the account number too.

How to check SBOSDEMX before you pay

The safest source for a SWIFT code is the bank details provided by the recipient: an invoice, a bank statement or their online banking. Compare that code against SBOSDEMX here and ask if anything does not match.

Errors in the SWIFT code tend to be annoying rather than disastrous – usually the money comes back, minus fees and time lost. An error in the account number is a bigger problem because it can reach the wrong person; check it just as carefully.

Many banking apps validate the format of IBANs – that confirms the format, not the owner. Where available, a payee name check before sending adds an extra layer of safety. Sending a small amount first can be worth it for a large first payment.

Euro transfers to State Street Bank International GMBH: is a BIC needed?

Because Germany is in SEPA, a euro transfer into State Street Bank International GMBH from another SEPA country normally requires just an IBAN. Many banks do not require the BIC for these payments or fill it in for you.

For anything other than euros and for senders outside SEPA, SBOSDEMXXXX remains part of the payment details. If your banking app has a field for the BIC anyway, entering SBOSDEMX does no harm.

Euro payments within SEPA usually arrive by the next business day, and instant transfers in seconds where both banks support them. Charges on SEPA transfers are generally low.

Watch out for payment fraud

Be alert if someone unexpectedly asks you to pay into a different account or a bank in another country. A correct SWIFT code tells you nothing about who owns the account: scammers use real codes of real banks.

Never rely on a phone number from the same email that contains the new account. Urgency and secrecy are warning signs; a genuine business can wait for you to check. If money has already gone to the wrong account, contact your bank immediately: the sooner they act, the better the chance of a recall.

People receiving money are targeted too: a classic trick is a buyer who pays too much followed by a request to refund the difference. Wait until the money has really arrived and check with State Street Bank International GMBH if anything seems off.

How up to date is this code?

Our SWIFT/BIC directory is based on publicly available sources and is updated regularly. Institutions merge, close branches and retire codes – a directory can be a step behind. Counts and locations are from our directory and may differ from what State Street Bank International GMBH publishes.

Treat our data as a starting point, not as the last word – the bank details from the recipient are leading. GoldexPay is an independent comparison service for money transfers and not part of State Street Bank International GMBH. If you notice a mistake, we welcome a short note.

Why State Street Bank International GMBH has an 8- and an 11-character code

The layout of a BIC never changes: four characters for the institution, two for the country and a two-character location code, plus an optional branch code. Together, these eight characters form SBOSDEMX.

The long version adds three more characters for a branch or department. When those three characters are XXX, the code points to the head office.

In practice the code is typed in capitals. Look out for the letter O and the digit 0 and the letter I and the digit 1.

What a transfer from State Street Bank International GMBH abroad really costs

The price of an international transfer has several parts. On top of a fixed fee, correspondent or intermediary banks can deduct a fee, and when currencies are converted, the bank usually uses a rate below the actual market rate.

Most of the cost usually sits in the exchange rate: the bank converts using an exchange rate that includes a margin. A simple test: set the bank’s rate against the mid-market rate and look at the difference.

Money transfer services often offer a rate near the mid-market rate with clearer fees. GoldexPay compares transfer providers next to each other so you can see what actually arrives before you commit. You can always use your account at State Street Bank International GMBH; only the conversion and sending happen elsewhere.

Choosing between the 37 SWIFT codes of State Street Bank International GMBH

State Street Bank International GMBH uses 37 separate SWIFT/BIC codes. One of them is the head office code, SBOSDEMXXXX; the rest identify branches, and sometimes specific services.

For the vast majority of incoming transfers, the head office code SBOSDEMXXXX is what you need. Only use a branch code when the account holder explicitly asks for it.

Unsure which code applies? Ask the recipient. Branch codes are more likely to be retired than the head office code.

Incoming international payments to State Street Bank International GMBH

To receive an international payment into your account at State Street Bank International GMBH, the person paying you has to have not just the SWIFT code. That means: your full name as registered with State Street Bank International GMBH, your account number or IBAN, the BIC SBOSDEMXXXX and, often, your postal address.

You can add the bank name and Muenchen too, because some payment forms have separate fields for them. A typo in the IBAN can be more trouble than you might think, so copy the details from your online banking.

Expect that the incoming amount is below the amount on the sender’s receipt. Correspondent banks can take a fee and your own bank may charge for processing, and if the currency changes, an exchange rate margin applies. Make clear with the sender who covers the fees before the money is sent.

Tracking a transfer to or from State Street Bank International GMBH

How fast a payment reaches State Street Bank International GMBH is determined by several factors: the currency, how many intermediary banks are involved, daily processing deadlines and differences in time zone. Transfers sent late in the day or on weekends and holidays usually start the next business day. Occasionally a bank asks about the purpose of a payment, which can hold things up.

If the money is late, ask your bank for the status; with that reference banks can see where the payment is. Specialist transfer services usually provide tracking in their app so you can see how far the money is.

The bank that sent the money is able to start an official trace; the receiving side usually has nothing to trace yet. On the receiving end, you can look at your statements to see a slightly lower amount.

Euro (EUR) and conversion costs

Most accounts at State Street Bank International GMBH are usually held in EUR, the local currency of Germany. If you send another currency has to be converted somewhere along the way. There is rarely a separate line for that conversion.

Which bank converts the payment makes a difference: every bank has its own margin. In many cases it is cheaper to send EUR straight away via a provider that converts near the mid-market rate.

The rate for EUR fluctuates constantly and quotes are often valid only for a short time. With bigger transfers, even seemingly small difference in the rate can be worth more than the fee.