Euroclear Nederland (Previously Known AS Necigef) SWIFT/BIC code

SWIFT/BIC code of Euroclear Nederland (Previously Known AS Necigef)

The short code NECINL2A and the 11-character code NECINL2AXXX identify the same bank: Euroclear Nederland (Previously Known AS Necigef). The code has a single purpose: it makes sure that a cross-border transfer reaches the right bank. In daily life you usually see it on invoices from abroad, in payment forms and in the bank details of Euroclear Nederland (Previously Known AS Necigef) customers.

We wrote this page to help anyone who sends money to an account at Euroclear Nederland (Previously Known AS Necigef) without mistakes. The SWIFT code alone does not identify a personal account; for that you need the IBAN or account number .

What to give a sender who pays you at Euroclear Nederland (Previously Known AS Necigef)

For an international payment into your account at Euroclear Nederland (Previously Known AS Necigef), the sender has to have more than the SWIFT code. Share your name as the bank knows it, your account number or IBAN, the BIC NECINL2AXXX and your address, which some banks require.

Some sending banks also ask for the name and address of Euroclear Nederland (Previously Known AS Necigef); it does no harm to include it. Check the details before you send them – a sender rarely spots a mistake in someone else’s details.

Money from abroad does not always land for the full amount. Correspondent banks can take a fee, Euroclear Nederland (Previously Known AS Necigef) may charge for incoming payments, and if the currency changes, an exchange rate margin comes on top. Agree with the sender who pays which costs, especially for larger amounts.

How up to date is this code?

This directory draws on publicly available sources. Still, banks merge, rename themselves or retire codes. Counts and locations come from our own dataset and are not confirmed by Euroclear Nederland (Previously Known AS Necigef).

Before any payment that matters, check the BIC with Euroclear Nederland (Previously Known AS Necigef) or the recipient. We are an independent comparison service for money transfers and not affiliated with Euroclear Nederland (Previously Known AS Necigef). Spotted an error? Let us know via our contact form so we can correct it.

International transfers from Euroclear Nederland (Previously Known AS Necigef): the real cost

What you pay for a payment abroad is made up of several parts, and the transfer fee is only the most visible one. Besides a fixed fee, correspondent or intermediary banks may take a cut, and when the money changes currency the bank often applies a rate that is less favourable than the actual market rate.

Many banks do not show their exchange rate markup separately, but you pay it all the same. An easy check: put the bank’s rate next to the mid-market rate and look at the difference.

For many currency pairs, a transfer service turns out to be cheaper than a traditional bank transfer, mainly because of the exchange rate. On GoldexPay you can compare the amount that arrives with different providers, which makes the cheapest option easy to spot. You can always use your account at Euroclear Nederland (Previously Known AS Necigef) to fund the transfer.

Choosing between the 8 SWIFT codes of Euroclear Nederland (Previously Known AS Necigef)

Having 8 codes, Euroclear Nederland (Previously Known AS Necigef) is one of the banks that use individual codes for branches. The main code remains NECINL2AXXX.

In most cases there is no need to look up a branch: payments addressed to NECINL2AXXX are routed within Euroclear Nederland (Previously Known AS Necigef) without problems. Only use a branch code when the recipient explicitly asks for it, for example on an invoice or in their bank details.

If you are not sure, check with the recipient for the exact BIC in their bank details. Codes can change when banks reorganise, so do not rely on old paperwork.

Euro (EUR) and conversion costs

Netherlands uses the Euro, with the currency code EUR. If you send money in a different currency has to be converted somewhere along the way. You rarely see a separate charge for that conversion – the cost sits in the rate.

Which bank converts the payment matters. Often you pay less to send EUR directly via a transfer service that converts near the mid-market rate.

The rate for EUR fluctuates constantly. With bigger transfers, even seemingly small difference in the rate adds up quickly.

Euro transfers to Euroclear Nederland (Previously Known AS Necigef): is a BIC needed?

Because Netherlands is in SEPA, a euro transfer to Euroclear Nederland (Previously Known AS Necigef) from another SEPA country usually only needs an IBAN. Many banks no longer ask for the BIC in that case or fill it in for you.

The BIC still matter for payments in other currencies, and for transfers from outside SEPA. Some forms also show a field for the BIC out of habit; in that case, enter NECINL2A.

Instant euro transfers are widely available across SEPA; check with Euroclear Nederland (Previously Known AS Necigef) whether it applies to your account. Provided the payment stays in euros, a SEPA transfer is cheap; it is the conversion that costs money.

Before you send: check the Euroclear Nederland (Previously Known AS Necigef) code

Ask the recipient to send you their bank details directly from their banking app. Check it against NECINL2A here.

Mistakes in the SWIFT code are costly more than fatal – usually the money comes back, minus fees and time lost. Remember the account number: an error there is harder to undo than a wrong BIC.

An automatic check in your banking app merely confirms that the IBAN exists – not that it belongs to the person you mean to pay. More and more banks check the payee name against the account; take any warning seriously. A small test payment can be a sensible step for a large first payment.

Why Euroclear Nederland (Previously Known AS Necigef) has an 8- and an 11-character code

The structure of a BIC never changes: four characters for the institution, two for the country and a two-character location code, plus an optional branch code. The result is NECINL2A, the short form of the code.

XXX at the end of NECINL2AXXX is not a placeholder or an error: it stands for the head office of Euroclear Nederland (Previously Known AS Necigef). Certain payment forms insist on 11 characters, and then you can enter XXX behind NECINL2A.

As a rule the code is typed in capitals and without spaces. Look out for the letter O and the digit 0 and the letter I and the digit 1, a common source of typos.

Watch out for payment fraud

Be alert when someone unexpectedly wants you to send money to another account or a bank in another country. A correct SWIFT code tells you nothing about whether the request is genuine: scammers use real codes of real banks.

Check new bank details via a different channel, such as a phone number you already know, never via the email that asked for the change. Watch out for urgent requests, odd spelling or a sender address that is slightly off. Already paid? Call the bank you paid from straight away and have them try to recall the payment.

People receiving money are targeted too: a classic trick is a buyer who pays too much followed by a request to refund the difference. A payment confirmation from the sender is no proof; only your own account shows what has arrived.

Transfer times and tracking a payment to Euroclear Nederland (Previously Known AS Necigef)

A SWIFT payment typically needs anywhere from one to several business days. Weekends and public holidays in either country add extra days to the journey. Sometimes a bank wants to know what the payment is for before releasing it.

When a payment takes longer than expected, ask the sending bank for the tracking status or the UETR. Save your transfer receipt until the recipient confirms.

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 account for a slightly lower amount.