Weg Bank AG SWIFT/BIC code

What GRFFDEM1 means for a payment to Weg Bank AG

Whether a recipient gives you GRFFDEM1 or GRFFDEM1XXX, you are looking at the same address for Weg Bank AG in Germany. A SWIFT code tells the banks handling a payment which institution is meant to get the money, much like a postcode for banks. In practice you usually come across it on invoices from abroad, in your banking app and in the bank details that Weg Bank AG provides.

On this page you can read what the code is put together, when it matters and which other details a transfer to or from Weg Bank AG requires. A SWIFT code identifies an institution, not a specific account, which is why you always need the account number too.

8 or 11 characters: GRFFDEM1 versus GRFFDEM1XXX

A BIC is built from a few fixed parts: the first four letters stand for the bank, characters five and six show the country and characters seven and eight mark the location. The result is GRFFDEM1.

The full version adds three more characters that identify a branch or department. If the last three are XXX, they simply mean the head office, which is why GRFFDEM1XXX and GRFFDEM1 lead to the same place.

Type the code as one block, in capitals and without spaces, exactly as shown here. A single letter can send a payment to a different institution, so copy it carefully.

When will the money arrive at Weg Bank AG?

How quickly a payment arrives at Weg Bank AG is determined by several factors: which currency you send, how many intermediary banks are involved, cut-off times and time zones. Transfers sent late in the day or just before weekends and holidays often go out a business day later. Occasionally a bank wants to know what the payment is for.

If the money seems delayed, contact the sending bank for the tracking status. Specialist transfer services often show tracking in their app so you can see how far the money is.

A missing payment is investigated by the sending bank, using the payment confirmation. Request from the sender the payment receipt including the reference.

Receiving money from abroad at Weg Bank AG

For an international payment into your account at Weg Bank AG, the sender has to have more than the SWIFT code. In practice that means: your name as registered with Weg Bank AG, your IBAN or account number, the SWIFT/BIC code GRFFDEM1XXX and usually your postal address.

Some sending banks also ask for the bank’s address, so keep it at hand. Check every detail before you send them, because the sender’s bank usually copies them as is.

Do not be surprised if the amount credited is smaller than the amount on the sender’s receipt. Fees for incoming transfers vary from bank to bank; check the price list of Weg Bank AG. On invoices, it is common to state who bears the costs, so that nobody is left short.

Where our SWIFT data comes from

The codes on this page are taken from publicly available data that we update regularly. It is possible that information here is no longer current, for example after a merger. Counts and locations come from our directory.

For a payment of any size, confirm the code with Weg Bank AG or the recipient. GoldexPay has no connection to Weg Bank AG, we only compare transfer services. If you notice something that is out of date, we welcome a message.

What a transfer from Weg Bank AG abroad really costs

If you transfer money abroad via Weg Bank AG, the visible fee is rarely all of what you pay. Besides the transfer fee, banks in between may take a cut, and if the money changes currency, the bank usually applies a rate below the actual market rate.

Banks do not list their exchange rate markup as a cost. Check the rate you are offered against the mid-market rate – the rate you find on financial news sites.

Specialist money transfer services often use rates closer to the mid-market rate. Before your next transfer, take a minute comparing what arrives on GoldexPay rather than accepting the bank’s rate by default. You can always keep your account at Weg Bank AG.

Sending EUR to Weg Bank AG

The local currency in Germany is the Euro (EUR). Money sent in a different currency is converted into EUR, and whoever converts it chooses the rate. Each conversion costs the amount – usually through the rate rather than a fee.

Who converts the payment makes a difference. Check how much EUR arrives with different providers; the difference between options can be larger than you expect.

The rate for EUR changes constantly. For recurring payments, a slightly better rate make a real difference over time.

Choosing between the 2 SWIFT codes of Weg Bank AG

Weg Bank AG has 2 different SWIFT/BIC codes. One of them is the head office code; the others belong to branches or departments.

Usually there is no need to pick a branch: transfers addressed to GRFFDEM1XXX are routed within Weg Bank AG correctly. If you have been given a branch code, stick to it instead of swapping it with the head office code.

Not sure which code to use? Check with the recipient, or look at a recent statement from Weg Bank AG. Branch codes are more likely to change than GRFFDEM1XXX.

SEPA payments and the Weg Bank AG BIC

Inside SEPA, euro payments to Weg Bank AG use the same rules and in most cases need only the IBAN. A field for the BIC is usually optional or missing in that case.

For anything other than euros and from non-SEPA countries, GRFFDEM1XXX or GRFFDEM1 remains part of the payment details. If a payment form has a field for the BIC anyway, entering GRFFDEM1 is fine.

Instant euro transfers have become increasingly supported across SEPA – whether Weg Bank AG offers them for your account is worth checking. Fees for SEPA transfers tend to be low, as long as no currency conversion is involved.

Before you send: check the Weg Bank AG code

The safest source for the BIC is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. When the code you were given does not match GRFFDEM1 or GRFFDEM1XXX, stop and ask – contact the recipient or Weg Bank AG.

If the code is wrong, the payment might get stuck, be returned or end up costing more, and tracing it can take weeks. An error in the account number can be more serious, because the money may be credited to someone else; check it just as carefully.

Most online banking apps check the format of IBANs and sometimes look up the BIC automatically – that confirms the format, not the owner. More and more banks check the name against the account; take any warning seriously. For a first payment, some people send a small test amount.

Protect yourself against fake payment requests

One of the most common tricks goes like this: you receive a request claiming that a contact has new bank details. A correct SWIFT code tells you nothing about who owns the account – scammers simply use real codes.

Verify new payment details via a separate channel, not by replying to the message. Be suspicious of time pressure, unusual wording or a sender address that is slightly off. When money has already gone to a fraudster, contact your bank immediately – speed improves the chance of getting it back.

Scams can also work the other way: someone claims to have sent too much and asks you to refund the extra via a different route. A payment confirmation from the sender proves nothing; only your own account shows what has arrived.