Flow Traders B.V. SWIFT/BIC code

FLTRNL21 – the SWIFT/BIC code of Flow Traders B.V.

Whether a recipient gives you FLTRNL21 or FLTRNL21XXX, you are looking at the same address for Flow Traders B.V. in Netherlands. A SWIFT code shows the sending bank which institution should receive the money, much like a postcode for banks. In practice you usually come across it on international invoices, in your banking app and in the bank details that Flow Traders B.V. provides.

Below you will find the practical side: money coming in from abroad, paying someone in another country and how to verify a SWIFT code before you confirm a payment. Remember that the BIC just identifies the bank, not the account: the IBAN or account number does that part.

How up to date is this code?

The codes here come from publicly available data that we update regularly. It is possible that information on this page is out of date. The number of codes we show are based on what is in our directory, not official figures from Flow Traders B.V..

Treat our directory on this page as a helpful check, and let the details from the recipient or Flow Traders B.V. have the final say. We are a comparison site and not affiliated with Flow Traders B.V.. If you notice something that is out of date, we appreciate a short note.

How to check FLTRNL21 before you pay

Have the recipient send you their bank details directly from their banking app. When the code you were given does not match FLTRNL21 or FLTRNL21XXX, stop and ask – contact the recipient or Flow Traders B.V..

Errors in the SWIFT code tend to be annoying rather than fatal: often the payment comes back, minus fees. Remember the account number: a mistake there can be more difficult to undo than a wrong code.

Many banking apps validate the structure of an IBAN and some suggest the matching BIC, but that does not prove the account belongs to the right person. Where available, a payee name check on the recipient gives an extra layer of safety. Sending a small amount first can be a sensible step for a large first payment, even if it costs an extra fee.

Euro transfers to Flow Traders B.V.: is a BIC needed?

Inside SEPA, euro transfers to an account in Netherlands follow the same rules, so the IBAN does the job in most cases. A field for the BIC is often optional in that case.

A SWIFT code like FLTRNL21 does come into play when the currency is not euros, and for transfers from outside SEPA. If your banking app asks for the BIC regardless, adding FLTRNL21 does no harm.

SEPA transfers normally land within one business day. Provided no currency is converted, a SEPA transfer tends to be inexpensive.

Scams that use SWIFT codes

Criminals regularly use fake invoices with changed bank details, sometimes in an email that looks completely genuine. A valid SWIFT code says nothing about whether the request is genuine: scammers use real codes of real banks.

Verify changed bank details through a different channel like a call to a number from an earlier contract, not by replying to the message. Urgency and secrecy tend to be warning signs; a genuine business can wait for you to check. When a payment has already gone to a fraudster, call your bank right away.

Recipients are targeted too: a classic trick is an overpayment and then sends a request to send back the difference abroad. A screenshot of a transfer is no proof; only your own account shows what has arrived.

Getting paid from abroad into a Flow Traders B.V. account

If you expect money from abroad, send the payer a complete set of details. Share your name as the bank knows it, the IBAN or account number, SWIFT code FLTRNL21XXX and your address, which some banks require.

You can add the bank name and Amsterdam too. A typo in your account number can be more trouble than you might think.

Money from abroad will not always arrive for the full amount. Fees for incoming transfers differ per bank – the price list of Flow Traders B.V. tells you what applies. Agree with the sender who pays which costs.

Tracking a transfer to or from Flow Traders B.V.

A SWIFT payment typically needs anywhere from one to several business days, depending on the currency, the route and the banks involved. Transfers sent after the cut-off time or just before weekends and holidays usually start a business day later. Occasionally a bank asks about the purpose of a payment, which can hold things up.

If a transfer is late, contact your bank for the status or the UETR. Save the payment confirmation until the money has arrived.

A delayed transfer has to be investigated by the sending bank on the basis of the transfer details. Ask the sender for a copy of the payment confirmation – it helps your own bank look for the money.

Paying someone abroad from your Flow Traders B.V. account

If you transfer money to another country from Flow Traders B.V., the fee you see is rarely all of the cost. On top of a fixed fee, correspondent or intermediary banks can deduct a fee, and when currencies are converted the bank usually applies a rate that is less favourable than the actual market rate.

The markup on the rate is often the largest cost even though it is not listed as a fee. Check their rate with the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

For a lot of routes, a transfer service is cheaper than a bank. GoldexPay compares these services side by side so you can see what actually arrives before you commit. Using a transfer service does not mean closing your account at Flow Traders B.V..

Head office or branch code at Flow Traders B.V.?

Our database contains 2 SWIFT/BIC codes for Flow Traders B.V. in 1 places. Besides the head office code FLTRNL21XXX, there are codes for regional offices and specialised units.

For the vast majority of payments to a private or business account, the head office code FLTRNL21XXX is the right choice. If you have been given a branch code, stick to it rather than replacing it with the head office code.

The best way is to take the code directly from the account holder’s statement. Codes for branches are more likely to be retired than the head office code.

The Euro and what conversion costs you

Netherlands uses the Euro. Money sent in a different currency is converted into EUR before it reaches the account – and the bank that does it picks the rate. Each conversion eats into something.

Which bank converts the money matters, because each party uses its own rate. Compare what EUR arrives with several providers; the difference between options can be larger than you expect.

The rate for EUR fluctuates throughout the day, so the amount you see is usually only valid for a short time. For recurring payments, a slightly better rate add up over time.

FLTRNL21 or FLTRNL21XXX – which one to use?

A BIC is made up of a few fixed parts: the first four letters identify the bank, characters five and six show the country and characters seven and eight mark the location. The result is FLTRNL21 for Flow Traders B.V..

XXX at the end of FLTRNL21XXX is not a missing value or a mistake: it stands for the main office of Flow Traders B.V.. Some banking apps insist on 11 characters, and then you can enter XXX behind FLTRNL21.

Leave out spaces or dashes when you enter FLTRNL21. Pasting the code beats typing it by hand, because one wrong letter changes the bank.