Nederlandse Waterschapsbank N.V. SWIFT/BIC code

SWIFT/BIC code of Nederlandse Waterschapsbank N.V.

NWABNL2G and NWABNL2GXXX are two spellings of the same SWIFT/BIC code, and both lead to Nederlandse Waterschapsbank N.V. in Den Haag. A SWIFT code tells the banks handling a payment exactly which bank is meant to get the money. In daily life you mostly see the code on invoices from abroad, in your banking app and in the bank details of Nederlandse Waterschapsbank N.V. customers.

Below you will find the practical side: receiving money at Nederlandse Waterschapsbank N.V., paying someone in another country and how to verify a SWIFT code before you hit send. Remember that the BIC just identifies the bank, not the person: the IBAN or account number does that part.

Choosing between the 2 SWIFT codes of Nederlandse Waterschapsbank N.V.

Having 2 codes, Nederlandse Waterschapsbank N.V. belongs to the banks that register individual codes for branches. The head office code remains NWABNL2GXXX.

If nobody asks you for a branch code, use NWABNL2GXXX or its short form NWABNL2G. Only use a branch code when the recipient explicitly asks for it, for example on a letter or invoice.

When in doubt, ask the person you are paying which code their bank gave them. Branch codes can change when banks reorganise, so a code from an old document is not always valid.

Scams that use SWIFT codes

Fraudsters regularly use payment requests with changed bank details sent from what looks like a familiar address. A real SWIFT code says nothing about whether the request is genuine.

Check changed bank details via a different channel, such as a phone number you already know, not by replying to the message. Be suspicious of time pressure, odd spelling or a sender address that is slightly off. Acted too fast? Contact the bank you paid from straight away and have them try to recall the payment and report the fraud.

Recipients can be targeted as well: one known trick is a buyer who pays too much followed by a request to send back the difference abroad. Do not act before the money is actually in your account – ask Nederlandse Waterschapsbank N.V. if something looks wrong.

Euro (EUR) and conversion costs

The currency of Netherlands is the Euro (EUR). Money sent in a different currency is exchanged into EUR before it reaches the account, and whoever converts it chooses the rate. You rarely see a separate line for that conversion.

Where the conversion happens has an effect on the final amount, as rates and margins differ per bank. In many cases you pay less to send EUR directly via a provider that converts near the mid-market rate rather than letting the receiving bank convert.

The EUR rate fluctuates throughout the day, so the amount you see is usually only valid for a short time. If you pay regularly, a slightly better rate add up over a year.

What a transfer from Nederlandse Waterschapsbank N.V. abroad really costs

A bank transfer abroad costs rather more than the listed fee. Besides a fixed fee, banks in between may deduct a fee, and when the money changes currency, the bank usually uses a rate that is less favourable than the actual market rate.

Most of the cost usually sits in the exchange rate, rather than in the fee: the bank converts at a rate with a margin built in. An easy check: set the bank’s rate against the mid-market rate and work out the difference on your amount.

Specialist money transfer services frequently use a rate near the mid-market rate. Before your next transfer, it is worth to compare what arrives via GoldexPay. You can always keep your account at Nederlandse Waterschapsbank N.V. to fund the transfer, while a cheaper service handles the conversion.

Tracking a transfer to or from Nederlandse Waterschapsbank N.V.

There is no single answer: many arrive within a day. Bank holidays in the sending or receiving country can add extra days to the journey. Occasionally a bank wants to know about the purpose of a payment.

When a payment takes longer than expected, contact the sending bank for the status and the transaction reference; with that reference banks can see where the payment is. Money transfer services usually show a status online showing how far the payment has got.

If a payment has not arrived within the expected time, the person who paid should contact the bank that sent it, not the receiving bank. As a recipient, you can look at your account to see a slightly lower amount, since fees may have been deducted.

How to check NWABNL2G before you pay

The most reliable source for the BIC is the recipient’s own bank details. If the code you have does not match NWABNL2G or NWABNL2GXXX, do not guess: check with the recipient or with Nederlandse Waterschapsbank N.V. directly.

With a wrong code, the payment may get stuck, be returned or cost extra, and tracing it can take weeks. An error in the account number is a bigger problem; check it just as carefully.

Many banking apps check the format of IBANs and sometimes look up the BIC automatically. Some banks now compare the payee name against the account; take any warning seriously. When you pay someone new, many people send a small test amount before sending the rest.

Incoming international payments to Nederlandse Waterschapsbank N.V.

To receive an international payment into your account at Nederlandse Waterschapsbank N.V., the sender has to have not just the BIC. That means: your name as registered with Nederlandse Waterschapsbank N.V., your IBAN or account number, the SWIFT/BIC code NWABNL2GXXX and, often, your address.

You can include Nederlandse Waterschapsbank N.V. and its city too. Check every detail before you send them – a sender rarely spots a mistake in someone else’s details.

Money from abroad will not always land for the full amount. Intermediary banks may deduct a fee and your own bank may charge for processing, and when currencies differ, an exchange rate margin applies. On invoices, it is common to agree how the fees are split.

Euro transfers to Nederlandse Waterschapsbank N.V.: is a BIC needed?

Inside SEPA, euro transfers to an account in Netherlands follow the same rules. A field for the BIC is often optional for those payments.

Outside the euro and from non-SEPA countries, NWABNL2GXXX or NWABNL2G is still required. If a payment form asks for the BIC regardless, entering NWABNL2G is fine.

Euro payments within SEPA normally land within one business day. As long as the payment stays in euros, the transfer tends to be cheap; costs rise once a conversion is involved.

What the XXX in NWABNL2GXXX means

Every SWIFT/BIC code has the same eight core characters: a four-letter bank code, a two-letter country code and two characters for the location. That gives you NWABNL2G for Nederlandse Waterschapsbank N.V..

XXX at the end of NWABNL2GXXX does not stand for a placeholder or an error: it stands for the main office of Nederlandse Waterschapsbank N.V.. Some banking apps insist on 11 characters, and then you can add XXX behind NWABNL2G.

As a rule the code is typed in capitals, without spaces or dashes. Watch for O versus 0 or the letter I and the digit 1.

How up to date is this code?

Our SWIFT/BIC directory is compiled from publicly available sources and is updated regularly. It is possible that information on this page is no longer current after a merger or reorganisation. The number of codes we show are based on what is in our directory and not on information from Nederlandse Waterschapsbank N.V. itself.

See our directory here as a helpful check and rely on the recipient or Nederlandse Waterschapsbank N.V. for the final confirmation. We are a comparison service and not affiliated with Nederlandse Waterschapsbank N.V.. Spotted an error? Let us know through the contact page.