Teambank AG SWIFT/BIC code

What TEAMDE71 means for a payment to Teambank AG

The 8-character code TEAMDE71 and the full code TEAMDE71XXX identify one and the same institution: Teambank AG. A SWIFT code shows the sending bank exactly which bank is meant to get the money. You will need it mainly when dealing with payments that cross a border and payments in foreign currencies.

Below you will find the practical questions: money coming in from abroad, paying someone in another country and how to verify a SWIFT code before you confirm a payment. The SWIFT code on its own cannot identify a personal account; that is what the account number or IBAN .

SEPA payments and the Teambank AG BIC

Because Germany is part of the SEPA zone, a euro payment to Teambank AG from another SEPA country normally only needs an IBAN. Most banking apps no longer ask for the BIC in that case.

A SWIFT code like TEAMDE71 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, adding TEAMDE71 is fine.

Instant payments in euros are increasingly supported across SEPA – whether Teambank AG offers them for your account is worth checking. As long as no currency is converted, the transfer tends to be cheap; it is the conversion that costs money.

Teambank AG: head office code versus branch codes

Teambank AG has 3 different SWIFT/BIC codes across 1 locations. One of them is the head office code, TEAMDE71XXX; the others identify branches or departments.

Usually you do not need to look up a branch: payments sent to TEAMDE71XXX are routed within Teambank AG correctly. Just use a branch code when the account holder gives you that exact code, for example on an invoice or in their bank details.

The safest approach is to take the code straight from the account holder’s bank details. Branch codes are more likely to change than the head office code.

Euro (EUR) and conversion costs

Most accounts at Teambank AG are typically held in EUR, the national currency of Germany. A payment in a foreign currency is converted into EUR on its way to Teambank AG. Every conversion eats into something.

Where the conversion happens affects how much arrives, since every bank sets its own rate. Transferring the money directly in EUR usually avoids a second conversion at the receiving end, provided the rate you get is fair.

The rate for EUR changes constantly, so the amount you see is usually only valid for a short time. For regular payments, small differences in the rate make a real difference over time.

Watch out for payment fraud

Stay alert when someone suddenly wants you to send money to a different account abroad. That TEAMDE71 is a real code is no guarantee that the account is genuine – fraudsters use real bank codes as well.

Do not rely on a phone number from the same email that contains the new account. Watch out for urgent requests, odd spelling or an email address that differs by one letter. When a payment has already gone to a fraudster, call your bank right away – speed improves the chance of getting it back.

People receiving money are targeted too: one known trick is an overpayment and then sends a request to send back the difference. Wait until the money has really arrived – ask Teambank AG if something looks wrong.

Where our SWIFT data comes from

The codes on this page are taken from public sources. Even so, banks merge or retire codes, so information can be out of date. Counts and locations come from our own dataset and are not confirmed by Teambank AG.

Treat this page as a reference, not as the final word – the bank details from the recipient are leading. GoldexPay is a comparison site for money transfers and not affiliated with Teambank AG. Should you notice something that is out of date, we welcome a message.

How to check TEAMDE71 before you pay

The most reliable source for the BIC is the recipient’s own bank details: an invoice, a bank statement or their online banking. Check that code against TEAMDE71 on this page.

An incorrect BIC may lead to a delay, a returned payment or additional charges for investigation. Remember the account number: an error there is more difficult to correct than a wrong code.

Most online banking apps check the format of IBANs and sometimes look up the BIC automatically, but that does not prove the account belongs to the right person. Where available, a payee name check on the recipient adds extra certainty. Sending a small amount first can be a sensible step for a large first payment.

Paying someone abroad from your Teambank AG account

What you pay for a payment abroad has more than one component – not just the fee on your screen. Besides the transfer fee, banks in between can deduct a fee, and when the money changes currency the bank often applies a rate below the real market rate.

That exchange rate margin tends to be the largest cost, and it is easy to miss. A simple test: set the rate you get against the mid-market rate and look at the difference.

Specialist money transfer services often offer a rate near the mid-market rate. Next time you send money, it is worth comparing the total cost on GoldexPay. You can still keep your account at Teambank AG as the source of the money, while a cheaper service handles the conversion.

Getting paid from abroad into a Teambank AG account

If you are waiting for a payment from another country, give the sender all details at once. Share your name as the bank knows it, your account number or IBAN, the BIC TEAMDE71XXX and your address, which some banks require.

Certain sending banks also ask for the name and address of Teambank AG in Nuernberg, so keep it at hand. A typo in your account number is more trouble than you might think, so copy the details from your online banking.

Do not be surprised if 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, a markup on the rate applies. Agree with the sender who covers the fees, especially for larger amounts.

Tracking a transfer to or from Teambank AG

How fast a transfer reaches Teambank AG is determined by a few things: the currency, how many intermediary banks are involved, cut-off times and time zones. Payments made after the cut-off time or just before a weekend or public holiday often start the next business day. Sometimes a bank asks what the payment is for.

Many banks are connected to SWIFT gpi. Each payment gets a unique transaction reference, the UETR, which your bank can use to see where the money is. Save your transfer receipt until the recipient confirms; it contains the details a bank needs to start a trace.

If a payment has not arrived within the expected time, the person who paid needs to start with their own bank rather than Teambank AG. On the receiving end, you can look at your statements to see a slightly lower amount because fees can reduce the amount.

Why Teambank AG has an 8- and an 11-character code

A BIC is made up of a few fixed parts: characters one to four stand for the bank, the next two give the country and the two after that mark the location. For Teambank AG, the 8-character core is TEAMDE71.

XXX at the end of TEAMDE71XXX does not stand for a placeholder or a mistake: it indicates the head office of Teambank AG. Certain payment forms insist on 11 characters, in which case you can add XXX behind TEAMDE71.

Type the code as one block, in capitals and without spaces. A wrong letter may route a payment to another bank.