Interbanking Systems S.a SWIFT/BIC code

Interbanking Systems S.a SWIFT code: DIASGRA1

The 8-character code DIASGRA1 and the 11-character code DIASGRA1XXX refer to the same bank: Interbanking Systems S.a in Athens, Greece. The code does one job: it makes sure that a cross-border transfer reaches the right bank. In daily life you mostly see the code on invoices from abroad, in payment forms and in the bank details that Interbanking Systems S.a provides.

Further down you will find the practical side: money coming in from abroad, paying someone in another country and how to check the code before you hit send. Remember that the BIC only identifies the bank, not the account: the IBAN or account number takes care of that.

Transfer times and tracking a payment to Interbanking Systems S.a

There is no fixed delivery time for every transfer: many land the same day or the next, others take several business days. Weekends and public holidays in the sending or receiving country add a day or more. Extra checks by one of the banks may also cause a delay, even when all details are correct.

When a payment takes longer than expected, contact the sending bank about the status and the transaction reference. Money transfer services often provide tracking in their app so you can see how far the payment has got.

A missing payment is traced from the sending side, using the payment confirmation. Request from the sender the payment receipt with the date and reference; that often settles the question quickly.

Protect yourself against fake payment requests

A common scam goes like this: an email arrives with a request claiming that a supplier has new bank details and that the next payment should go there. A correct SWIFT code says nothing about whether the request is genuine – scammers simply use real codes.

Always confirm changed bank details by phone. Urgency or requests to keep it quiet tend to be red flags – a real supplier can wait a day. Acted too fast? Contact your bank without delay and have them start a recall.

Fraud can also work the other way. Someone claims to have sent too much and wants you to refund the extra via a different route. Wait until the money has really arrived.

A note on our data

Our SWIFT/BIC directory is based on public sources and we update it periodically. Institutions merge, change names and retire codes. The figures on this page reflect our own data and not on information from Interbanking Systems S.a itself.

Use this page as a reference, rather than as the last word: the recipient’s bank details come first. We are an independent comparison service and not affiliated with Interbanking Systems S.a. Found an error? Let us know via our contact form and we will look into it.

Paying someone abroad from your Interbanking Systems S.a account

A bank transfer abroad can cost rather more than the listed fee. There is the transfer fee, sometimes charges from correspondent banks in between and, above all, the exchange rate markup when the money is converted.

The real cost is often in the rate: many banks convert using an exchange rate that includes a margin. A simple test: put the bank’s rate next to the mid-market rate for the same moment and look at the difference.

Specialist money transfer services frequently use rates closer to the mid-market rate with clearer fees. GoldexPay compares transfer providers next to each other so you can see what actually arrives. You can always keep your account at Interbanking Systems S.a to fund the transfer.

Do you need DIASGRA1 for a SEPA transfer?

Greece belongs to the Single Euro Payments Area (SEPA), the zone for uniform euro payments. For a standard euro transfer within SEPA, you normally only need the IBAN; many banks no longer ask for the BIC.

For anything other than euros and for senders outside SEPA, DIASGRA1XXX is still required. If a payment form has a field for the BIC regardless, entering DIASGRA1 does no harm.

SEPA transfers usually arrive by the next business day, and instant transfers in seconds where both banks support them. Provided no currency is converted, the transfer tends to be cheap; it is the conversion that costs money.

Receiving money from abroad at Interbanking Systems S.a

A sender in another country needs a few details about your account. Give them the account holder’s name, your account number or IBAN, the BIC DIASGRA1XXX and your address, which some banks require.

You can add Interbanking Systems S.a and Athens too, since some forms ask for it. A typo in the IBAN is harder to fix than it looks, so copy the details from your online banking.

The amount you receive can be less than what was sent. Fees for incoming transfers vary from bank to bank – the price list of Interbanking Systems S.a tells you what applies. On invoices, you can state how the fees are split to avoid a shortfall.

Which of the 2 codes of Interbanking Systems S.a do you need?

Our directory lists 2 SWIFT/BIC codes for Interbanking Systems S.a, spread over 1 locations. Next to the head office code DIASGRA1XXX, you will find codes for individual branches and departments.

Unless the recipient tells you otherwise, use DIASGRA1XXX. Branch codes are only needed if the recipient’s bank explicitly mentions it, which is more common for business accounts and specialised services.

If you are not sure, check with the recipient which code their bank gave them. Codes for branches are more prone to be retired than DIASGRA1XXX.

8 or 11 characters: DIASGRA1 versus DIASGRA1XXX

A BIC is made up of a few fixed parts: the first four letters identify the bank, the next two give the country and characters seven and eight mark the location. That gives you DIASGRA1 for Interbanking Systems S.a.

XXX at the end of DIASGRA1XXX does not stand for a placeholder or a mistake: it indicates the main office of Interbanking Systems S.a. Some forms insist on 11 characters, in which case you simply add XXX after DIASGRA1.

Type the code in one piece, in upper case and without spaces. Pasting the code beats retyping it, because one wrong letter changes the bank.

Euro (EUR) and conversion costs

Greece pays in the Euro, with the currency code EUR. If you send another currency it has to be converted somewhere along the way. There is rarely a separate line for that conversion.

Who converts the payment makes a difference, because each party uses its own rate. Compare what EUR the recipient gets via several providers.

Exchange rates move all the time, and some providers let you lock in a rate. On larger amounts, a seemingly small gap in the rate adds up quickly.

Verifying the SWIFT code of Interbanking Systems S.a

The best place to find the correct BIC remains paperwork issued by the bank, such as a statement or the account details in online banking. Compare that code with DIASGRA1 here and ask if anything does not match.

A wrong SWIFT code may lead to a delay, a returned payment or extra fees. An error in the IBAN or account number can be more serious because it can reach the wrong person, so check that just as carefully.

An automatic check in your banking app only tells you that the code is valid, not that it is the right account. More and more banks check the name against the account; take any warning seriously. A small test payment can be a sensible step for large sums despite the extra fee.