Targobank AG Co Kgaa SWIFT/BIC code

SWIFT/BIC code of Targobank AG Co Kgaa

The 8-character code CMCIDEDD and the full code CMCIDEDDXXX identify one and the same institution: Targobank AG Co Kgaa. A BIC has a single purpose: it makes sure that money from abroad reaches the right bank. In practice you usually see the code on international invoices, in payment forms and in the bank details that Targobank AG Co Kgaa provides.

This page is meant to help anyone who pays into an account at Targobank AG Co Kgaa and wants to get the details right. The SWIFT code alone does not identify a personal account; that is what the IBAN or account number is for.

How up to date is this code?

The directory on GoldexPay is compiled from public sources and we update it periodically. It is possible that information on this page is out of date. The number of codes on this page reflect our own data and not on information from Targobank AG Co Kgaa itself.

For any payment that matters, always confirm the code with the recipient’s bank or with the recipient. GoldexPay is independent of Targobank AG Co Kgaa. Found outdated information? Tell us via our contact form and we will look into it.

Do you need CMCIDEDD for a SEPA transfer?

Germany belongs to the SEPA area. When you send euros within SEPA, the IBAN is usually enough.

For anything other than euros and for senders outside SEPA, CMCIDEDDXXX remains required. If a payment form asks for the BIC anyway, adding CMCIDEDD is fine.

Instant euro transfers are widely available across SEPA; check with Targobank AG Co Kgaa whether it applies to your account. As long as the payment stays in euros, a SEPA transfer tends to be inexpensive; costs rise once a conversion is involved.

When will the money arrive at Targobank AG Co Kgaa?

There is no fixed answer for international payments: some land within a day, others take several business days. Bank holidays in the sending or receiving country can add a day or more, since banks do not process on those days. Compliance checks on larger or unusual payments can also cause a delay, regardless of the details.

When a payment takes longer than expected, ask your bank about the tracking status or the UETR. Keep your transfer receipt – you will need it for any trace request.

If a payment has not arrived within the expected time, the person who paid should start with their own bank rather than Targobank AG Co Kgaa. Ask the sender for a copy of the payment confirmation.

How to check CMCIDEDD before you pay

The most reliable place for the correct BIC remains a document from the bank itself like a bank statement or the account page in online banking. When the code you were given does not match CMCIDEDD or CMCIDEDDXXX, do not guess.

Errors in the BIC are costly rather than fatal: often the payment comes back, minus fees. A mistake in the account number can be a bigger problem because it can reach the wrong person; check it just as carefully.

Many banking apps check the structure of IBANs and sometimes look up the BIC automatically. Some banks now check the name against the account; take any warning seriously. Sending a small amount first is a sensible step for large sums.

Sending EUR to Targobank AG Co Kgaa

Germany pays in the Euro (EUR). A payment in a foreign currency will be exchanged into EUR on its way to Targobank AG Co Kgaa – and the bank that does it picks the rate. You rarely see a separate line for that conversion; it is built into the rate.

Where the conversion happens affects the final amount. Sending the amount already in EUR often avoids an extra conversion at the receiving end – as long as your own rate is good.

The rate for EUR changes throughout the day. With bigger transfers, a small gap in the rate can be worth more than the fee.

Sending money abroad from Targobank AG Co Kgaa

If you transfer money abroad from Targobank AG Co Kgaa, the visible fee is rarely all of the cost. There is the transfer fee, possibly fees charged by intermediary banks along the way and, most importantly, the margin on the exchange rate if the currency changes.

Most of the cost usually sits in the exchange rate, not in the fee: many banks convert at a rate with a margin built in. A simple test: set the rate you get next to the mid-market rate for the same moment and look at the difference.

For many currency pairs, a specialist provider turns out to be less expensive than a traditional bank transfer, mainly because of the exchange rate. Before your next transfer, it is worth comparing the total cost on GoldexPay rather than accepting the bank’s rate by default. You can always keep your account at Targobank AG Co Kgaa; only the conversion and sending happen elsewhere.

CMCIDEDD or CMCIDEDDXXX – which one to use?

Each SWIFT/BIC code has an 8-character core: four letters for the bank, a two-letter country code and two characters for the location. For Targobank AG Co Kgaa, that core is CMCIDEDD.

Many banks and apps accept either length. If yours asks for eleven characters, enter CMCIDEDDXXX; if it wants eight, use CMCIDEDD.

In practice the code is typed in capitals and without spaces. Watch for the letter O and the digit 0 and I versus 1, a common source of typos.

Watch out for payment fraud

Criminals often send fake invoices containing changed bank details, sometimes in an email that looks completely genuine. That CMCIDEDD is a real code is no guarantee that the account is legitimate – fraudsters use real bank codes as well.

Never trust contact details in the same message that announces the new account. Be suspicious of time pressure, odd spelling or a sender address that is slightly off. Acted too fast? Contact your bank straight away and have them start a recall; also report it to the police.

Recipients can be targeted as well: one known trick is an overpayment followed by a request to send back the difference. Wait until the money has really arrived.

Receiving money from abroad at Targobank AG Co Kgaa

Someone abroad who wants to pay you needs a few details from you, and missing ones are a common cause of delays. The basics are: the account holder’s name, account number or IBAN, CMCIDEDDXXX and, for some countries, your home address.

Certain banks also ask for the bank’s address in Duesseldorf; it does no harm to include it. Double-check the details before you share them – a sender rarely spots a mistake in someone else’s details.

An incoming payment does not always arrive in full. Correspondent banks can take a fee, Targobank AG Co Kgaa may charge for incoming payments, and if the currency changes, an exchange rate margin comes on top. On invoices, it is common to state how the fees are split.

Head office or branch code at Targobank AG Co Kgaa?

Our directory lists 3 SWIFT/BIC codes for Targobank AG Co Kgaa. Next to the head office code CMCIDEDDXXX, there are codes for regional offices and specialised units.

If nobody asks you for a branch code, use CMCIDEDDXXX or its short form CMCIDEDD. A branch code only makes sense when the recipient’s bank explicitly mentions it.

The best way is to take the code directly from the recipient’s statement. Codes for branches are more likely to be retired than the head office code when a bank merges or closes offices.