Banque Chaabi du Maroc SWIFT/BIC code

What BCDMNL21 means for a payment to Banque Chaabi du Maroc

BCDMNL21 and BCDMNL21XXX are the short and the long form of the same bank identifier, and both lead to Banque Chaabi du Maroc in Amsterdam. A SWIFT code shows every bank in the chain exactly which bank is meant to get the money. In practice you usually see the code on international invoices, in payment forms and in the bank details that Banque Chaabi du Maroc provides.

Below we go through the practical questions: receiving money at Banque Chaabi du Maroc, sending money abroad and how to verify a SWIFT code before you confirm a payment. A SWIFT code identifies an institution, not a specific account, which is why you always need the account number too.

Changed bank details? Be careful

One of the most common tricks goes like this: you receive a request saying that a company now has new bank details and that the next payment should go there. The fact that BCDMNL21 exists does not mean that the account is legitimate; criminals use the codes of real banks too.

Always verify changed bank details by phone. Be suspicious of time pressure, unusual wording or an email address that differs by one letter. Already paid? Contact your bank without delay and ask them to try to recall the payment and report the fraud.

Scams also work the other way: someone claims to have sent more than agreed and wants you to refund the difference via a different route. Do not act before the money has really arrived and check with Banque Chaabi du Maroc if anything seems off.

Why Banque Chaabi du Maroc has an 8- and an 11-character code

Every SWIFT/BIC code starts with an 8-character core: four letters for the bank, two letters for the country and a two-character location code. For Banque Chaabi du Maroc, the 8-character core is BCDMNL21.

The long version adds three more characters for a branch or department. When those three characters are XXX, the code points to the head office.

As a rule the code is typed in capitals. Pasting the code beats retyping it.

Sending money abroad from Banque Chaabi du Maroc

A bank transfer abroad can cost rather more than the listed fee. Besides a fixed fee, banks in between can take a cut, and when the money changes currency, the bank usually applies a rate that is less favourable than the actual market rate.

That exchange rate margin tends to be the largest cost. A simple test: set the bank’s rate against the mid-market rate for the same moment and look at the difference.

For a lot of 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, take a minute comparing what arrives via GoldexPay rather than accepting the bank’s rate by default. Using a transfer service does not require closing your account at Banque Chaabi du Maroc: you simply pay the service from your account.

About this information

We collect SWIFT/BIC codes from public sources and check our list from time to time. Banks merge, close branches and change codes. The figures on this page reflect our own data and not on information from Banque Chaabi du Maroc itself.

See the information on this page as a handy check and rely on the recipient or Banque Chaabi du Maroc for the final confirmation. GoldexPay is a comparison service for money transfers and not part of Banque Chaabi du Maroc. Spotted outdated information? Tell us via our contact form.

Verifying the SWIFT code of Banque Chaabi du Maroc

The best place to find 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 BCDMNL21 or BCDMNL21XXX, do not guess: check with the recipient or with Banque Chaabi du Maroc directly.

If the code is wrong, the transfer may get stuck, be returned or cost extra. An error in the IBAN or account number is a bigger problem because it can reach the wrong person, so check that just as carefully.

A format check in your banking app merely confirms that the code exists – not that it belongs to the person you mean to pay. Some banks now check the name against the account before you confirm. A small test payment can be worth it for a large first payment.

Euro transfers to Banque Chaabi du Maroc: is a BIC needed?

Inside SEPA, euro payments to Banque Chaabi du Maroc use common rules. The BIC field is usually optional or missing for those payments.

A SWIFT code like BCDMNL21 still matter when the currency is not euros. If your banking app asks for the BIC anyway, entering BCDMNL21 is fine.

Euro payments within SEPA usually arrive within one business day; instant payments are faster if both banks offer them. Provided the payment stays in euros, a SEPA transfer tends to be cheap; it is the conversion that costs money.

Receiving money from abroad at Banque Chaabi du Maroc

Someone abroad who wants to pay you will ask for several details about your account, and missing ones are a common cause of delays. That means: your name exactly as it appears on the account, your IBAN or account number, the BIC BCDMNL21XXX (or BCDMNL21) and sometimes your address.

Certain banks want the name and address of Banque Chaabi du Maroc in Amsterdam; it does no harm to include it. Double-check each detail before you share them.

Do not be surprised if the amount credited is smaller than the amount on the sender’s receipt. Correspondent banks can take a fee, Banque Chaabi du Maroc may charge for incoming payments, and if the currency changes, a markup on the rate applies. For business payments, it is common to agree how the fees are split.

How long does an international transfer to Banque Chaabi du Maroc take?

How fast a transfer arrives at Banque Chaabi du Maroc depends on several factors: which currency you send, the number of banks in between, cut-off times and differences in time zone. Bank holidays in either country add extra days to the journey. Sometimes a bank asks about the purpose of a payment.

Many banks are connected to SWIFT gpi. Every gpi transfer carries a unique reference, the UETR. Keep the payment confirmation until the money has arrived.

Only the sending bank is able to request a trace; the receiving side usually has nothing to trace yet. As a recipient, it helps to check your account for a partial amount because fees can reduce the amount.

Banque Chaabi du Maroc: head office code versus branch codes

Banque Chaabi du Maroc uses 2 different SWIFT/BIC codes. One of them is the head office code; the others belong to branches.

Unless the recipient tells you otherwise, use BCDMNL21XXX. If you have been given a branch code, use it as it is rather than swapping it with the head office code.

The safest route is to copy the code straight from the recipient’s invoice. Codes can change when banks reorganise, so a code from an old document is not always valid.

Euro (EUR) and conversion costs

Accounts at Banque Chaabi du Maroc are typically held in EUR, the local currency of Netherlands. Money sent in a different currency is converted into EUR before it reaches the account – and the bank that does it picks the rate. There is rarely a separate charge for the conversion – the cost sits in the rate.

Which bank converts the money matters, because each party uses its own rate. Sending the amount directly in EUR usually prevents an extra conversion by Banque Chaabi du Maroc – as long as your own rate is good.

The rate for EUR fluctuates throughout the day. On larger amounts, a seemingly small difference in the rate can be worth more than the fee.