Koninklijke Philips Electronics N.V. SWIFT/BIC code

Koninklijke Philips Electronics N.V. SWIFT code: KOPLNL21

If an invoice shows KOPLNL21 or KOPLNL21XXX, you are looking at the same address for Koninklijke Philips Electronics N.V. in Netherlands. A SWIFT code tells every bank in the chain exactly which bank should receive the money, much like a postcode for banks. It comes up mostly when dealing with payments that cross a border.

On this page we explain what the code means, when you need it and what else a transfer to or from Koninklijke Philips Electronics N.V. requires. The SWIFT code on its own cannot identify a personal account; that is what the IBAN or account number is for.

What a transfer from Koninklijke Philips Electronics N.V. abroad really costs

An international bank payment costs more than the listed fee. Besides a fixed fee, banks in between can take a cut, and when currencies are converted the bank usually applies a rate below the actual market rate.

Most of the cost usually sits in the exchange rate: the bank converts using an exchange rate with a margin built in. Compare their rate against the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

For a lot of routes, a specialist provider turns out to be cheaper than a traditional bank transfer. GoldexPay lists these services side by side, showing what actually arrives for the same amount sent. You can still keep your account at Koninklijke Philips Electronics N.V. to fund the transfer; only the conversion and sending happen elsewhere.

Transfer times and tracking a payment to Koninklijke Philips Electronics N.V.

How quickly a transfer reaches Koninklijke Philips Electronics N.V. depends on a few things: which currency you send, how many intermediary banks are involved, cut-off times and differences in time zone. Bank holidays in the sending or receiving country can add a day or more. Extra checks on larger or unusual payments may also add some delay, even when all details are correct.

When a payment takes longer than expected, contact your bank for the tracking status. Specialist transfer services usually provide a status in their app so you can see where the payment has got.

A missing payment has to be traced from the sending side, using the payment confirmation. Request from the sender a copy of the payment confirmation.

Euro transfers to Koninklijke Philips Electronics N.V.: is a BIC needed?

Because Netherlands is in the SEPA zone, a euro transfer to Koninklijke Philips Electronics N.V. from within the SEPA area normally only needs an IBAN. Many banks no longer ask for the BIC in that case or fill it in for you.

You will still need KOPLNL21XXX for non-euro payments or transfers from countries outside SEPA. A few forms still show a field for the BIC; in that case, fill in KOPLNL21 or KOPLNL21XXX.

Instant payments in euros have become widely supported across SEPA. As long as the payment stays in euros, the transfer tends to be inexpensive; costs rise once a conversion is involved.

Which of the 2 codes of Koninklijke Philips Electronics N.V. do you need?

Koninklijke Philips Electronics N.V. uses 2 separate SWIFT/BIC codes across 2 cities. One of them is the head office code; the others identify branches.

For most payments to a private or business account, the head office code KOPLNL21XXX works fine. If you have been given a specific code, stick to it instead of replacing it for the head office code.

The best way is to copy the code straight from the account holder’s statement. Codes for branches are more prone to change than the head office code.

8 or 11 characters: KOPLNL21 versus KOPLNL21XXX

Each SWIFT/BIC code has the same eight core characters: four letters for the bank, a two-letter country code and a two-character location code. Combined, those parts form KOPLNL21 – the version you usually see online.

The full version has a three-character extension for a branch or department. If the last three are XXX, they simply mean the head office, so KOPLNL21XXX and KOPLNL21 are interchangeable.

Leave out spaces, dots when you type KOPLNL21 or KOPLNL21XXX. Look out for the letter O and the digit 0 or the letter I and the digit 1, a common source of typos.

What to give a sender who pays you at Koninklijke Philips Electronics N.V.

A sender in another country will ask for a few details from you, and missing ones are a common cause of delays. In practice that means: your full name exactly as it appears on the account, your account number or IBAN, the BIC KOPLNL21XXX (or KOPLNL21) and sometimes your address.

Certain banks also ask for the name and address of Koninklijke Philips Electronics N.V. in Amsterdam. A mistake in the IBAN can be harder to fix than it looks, so copy the details from your online banking.

What lands in your account can be less than what was sent. Charges on incoming payments differ from bank to bank. Make clear with the sender who covers the fees.

How up to date is this code?

This directory draws on publicly available sources and we update it periodically. Even so, banks merge, rename themselves or retire codes, so information can be out of date. The figures we show are based on what is in our directory and not on information from Koninklijke Philips Electronics N.V. itself.

Use our data as a starting point, not as the final word – the bank details from the recipient are leading. GoldexPay has no connection to Koninklijke Philips Electronics N.V.; we are a comparison site for money transfers. Should you notice a mistake, we appreciate a short note via the contact page.

How to check KOPLNL21 before you pay

Have the recipient send you their bank details straight from a recent statement. Compare that code against KOPLNL21 on this page; if they differ, ask before you pay.

If the code is wrong, the transfer may get stuck, be returned or cost extra – sometimes after weeks of searching. A mistake in the account number is more serious.

Most online banking apps validate the structure of an IBAN and sometimes look up the BIC automatically, but that does not prove the account belongs to the right person. If your bank offers it, a payee name check before sending adds an extra layer of safety. When you pay someone new, some people send a small test amount.

Scams that use SWIFT codes

Be alert if a contact suddenly asks you to pay into another account or a bank in another country. A valid SWIFT code says nothing about who owns the account – scammers simply use real codes.

Before paying, verify changed bank details by phone on a number you know, not one from the message. Urgency or requests to keep it quiet are warning signs; a genuine business can wait for you to check. If a payment has already gone to a fraudster, call your bank right away.

Recipients can be targeted as well: a classic trick is a buyer who pays too much followed by a request to refund the difference abroad. A screenshot of a transfer proves nothing; only your own account shows what has arrived.

The Euro and what conversion costs you

Most accounts at Koninklijke Philips Electronics N.V. are typically held in EUR, the local currency of Netherlands. A payment in a foreign currency is converted into EUR before it reaches the account, and whoever converts it chooses the rate. Every conversion costs something, even when no fee is shown.

Who converts the payment makes a difference: every bank has its own margin. Transferring the amount already in EUR usually prevents a second conversion at the receiving end, provided the rate you get is fair.

Exchange rates change during the day, and some providers let you lock in a rate. If you pay regularly, small differences in the rate make a real difference over time.