Vietnam Joint Stock Commercial Bank For Industry and Trade (Vietin Bank) SWIFT/BIC code

What ICBVDEFF means for a payment to Vietnam Joint Stock Commercial Bank For Industry and Trade (Vietin Bank)

The 8-character code ICBVDEFF and the 11-character code ICBVDEFFXXX refer to the same bank: Vietnam Joint Stock Commercial Bank For Industry and Trade (Vietin Bank). A SWIFT code tells the banks handling a payment exactly which bank is meant to get the money. It comes up mostly for payments that cross a border.

Further down we go through the practical questions: money coming in from abroad, paying someone in another country and how to verify the code before you confirm a payment. A SWIFT code names a bank or branch, never a specific account.

Transfer times and tracking a payment to Vietnam Joint Stock Commercial Bank For Industry and Trade (Vietin Bank)

How fast a payment arrives at Vietnam Joint Stock Commercial Bank For Industry and Trade (Vietin Bank) is determined by several factors: the currency, how many intermediary banks are involved, daily processing deadlines and differences in time zone. Bank holidays in the sending or receiving country add extra days, since banks do not process on those days. Extra checks by one of the banks can also cause a delay, even when all details are correct.

When a payment takes longer than expected, contact the sending bank about the tracking status and the transaction reference. Save your transfer receipt until the money has arrived.

The bank that sent the money can request a trace – the recipient’s bank often cannot see a payment that has not arrived. As a recipient, you can check your statements to see a slightly lower amount because fees can reduce the amount.

SEPA payments and the Vietnam Joint Stock Commercial Bank For Industry and Trade (Vietin Bank) BIC

Because Germany is part of the SEPA zone, a euro payment into Vietnam Joint Stock Commercial Bank For Industry and Trade (Vietin Bank) from another SEPA country normally requires just an IBAN. Most banking apps do not require the BIC for these payments or fill it in for you.

Outside the euro and for senders outside SEPA, ICBVDEFFXXX is still required. A few forms also ask for the BIC; if so, enter ICBVDEFF or ICBVDEFFXXX.

Instant payments in euros have become widely available within SEPA. Charges on SEPA transfers are generally low.

Where our SWIFT data comes from

The codes on this page come from publicly available data which we refresh regularly. Still, banks merge or change codes and our data may lag behind. Counts and locations come from our own dataset and may differ from what Vietnam Joint Stock Commercial Bank For Industry and Trade (Vietin Bank) publishes.

Treat our directory on this page as a handy check. GoldexPay is independent of Vietnam Joint Stock Commercial Bank For Industry and Trade (Vietin Bank), we only compare transfer services. Spotted an error? Tell us through the contact page and we will look into it.

Head office or branch code at Vietnam Joint Stock Commercial Bank For Industry and Trade (Vietin Bank)?

Our database contains 2 SWIFT/BIC codes for Vietnam Joint Stock Commercial Bank For Industry and Trade (Vietin Bank), spread over 1 locations. Next to the head office code ICBVDEFFXXX, you will find codes for branches, departments or specific services.

In most cases there is no need to look up a branch: payments sent to ICBVDEFFXXX are routed within Vietnam Joint Stock Commercial Bank For Industry and Trade (Vietin Bank) correctly. Branch codes are only needed if the account holder explicitly asks for it, which is more common for business accounts and trade services.

The best way is to copy the code directly from the recipient’s statement. Branch codes are more likely to be retired than the head office code.

What to give a sender who pays you at Vietnam Joint Stock Commercial Bank For Industry and Trade (Vietin Bank)

If you are waiting for money from abroad, give the sender a complete set of details. Share the account holder’s name, your account number or IBAN, SWIFT code ICBVDEFFXXX and your address, which some banks require.

Their bank might request the bank address of Vietnam Joint Stock Commercial Bank For Industry and Trade (Vietin Bank). Double-check each detail before you send them, because the sender’s bank usually copies them as is.

Do not be surprised if the incoming amount is smaller than what the sender paid. Fees for incoming transfers differ from bank to bank. For business payments, you can state who bears the costs.

Is ICBVDEFF still correct? How to check

The most reliable source for a SWIFT code is the bank details provided by the recipient – an invoice, a statement or a screenshot from online banking. Check it against ICBVDEFF on this page; if they differ, ask before you pay.

Mistakes in the BIC tend to be annoying more than disastrous. A mistake in the IBAN or account number is more serious because it can reach the wrong person.

An automatic check in your banking app merely confirms that the code exists. More and more banks check the name with the account. A small test payment is a sensible step for a large first payment.

International transfers from Vietnam Joint Stock Commercial Bank For Industry and Trade (Vietin Bank): the real cost

A bank transfer abroad can cost more than the fee suggests. On top of the transfer fee, banks in between can deduct a fee, and when the money changes currency, the bank often uses a rate that is less favourable than the actual market rate.

That exchange rate margin is often the biggest item because it is hidden in the rate. An easy check: set the bank’s rate next to the mid-market rate and work out the difference on your amount.

For a lot of currency pairs, a transfer service turns out to be cheaper than a traditional bank transfer – mostly thanks to the rate. Before your next transfer, take a minute to compare what arrives via GoldexPay rather than accepting the bank’s rate by default. Choosing a specialist does not mean closing your account at Vietnam Joint Stock Commercial Bank For Industry and Trade (Vietin Bank).

Paying into Vietnam Joint Stock Commercial Bank For Industry and Trade (Vietin Bank) in EUR

Most accounts at Vietnam Joint Stock Commercial Bank For Industry and Trade (Vietin Bank) are usually held in EUR, the local currency of Germany. A payment in a foreign currency will be exchanged into EUR before it reaches the account – and the bank that does it picks the rate. Every conversion costs something – usually through the rate rather than a fee.

Who does the conversion affects the final amount, as rates and margins differ per bank. Compare what EUR the recipient gets via different services before choosing one.

The rate for EUR changes throughout the day, so the amount you see is usually only valid for a short time. For recurring payments, small differences in the rate add up over time.

8 or 11 characters: ICBVDEFF versus ICBVDEFFXXX

Each SWIFT/BIC code has the same eight core characters: four letters for the bank, a two-letter country code and two characters for the location. That gives you ICBVDEFF.

XXX at the end of ICBVDEFFXXX is not a placeholder or an error: it stands for the head office of Vietnam Joint Stock Commercial Bank For Industry and Trade (Vietin Bank). Some banking apps ask for 11 characters, and then you can add XXX after ICBVDEFF.

Type the code as one block, in upper case and without spaces, exactly as shown here. A single letter can send the money to a different institution, so check it twice.

Watch out for payment fraud

Criminals regularly use payment requests with new bank details. The fact that ICBVDEFF exists is no guarantee that a request mentioning it is legitimate; criminals use the codes of real banks too.

Always confirm a change of bank details by phone. Watch out for urgent requests, unusual wording or an email address that differs by one letter. When money has already gone to a fraudster, call your bank right away.

People receiving money can be targeted as well: a classic trick is a buyer who pays too much followed by a request to send back the difference to another account. A screenshot of a transfer proves nothing – check your own account.