Scrocca Option Trading B.V. SWIFT/BIC code

Scrocca Option Trading B.V. SWIFT code: SCOGNL21

SCOGNL21 and SCOGNL21XXX are two ways of writing the same bank identifier, and both point to Scrocca Option Trading B.V. in Amsterdam. The code has a single purpose: it makes sure that money from abroad reaches the right bank. It comes up mostly for transfers between countries and payments in foreign currencies.

We wrote this page to help anyone who pays into an account at Scrocca Option Trading B.V. and wants to get the details right. The SWIFT code on its own does not identify a personal account; that is what the account number or IBAN .

Where our SWIFT data comes from

We collect bank codes using publicly available data and update them from time to time. Banks merge, close branches and change codes – a directory can be a step behind. Counts and locations are from our directory and are not confirmed by Scrocca Option Trading B.V..

Before any payment that matters, check the code with the recipient’s bank or the recipient. GoldexPay is an independent comparison site and not part of Scrocca Option Trading B.V.. Spotted outdated information? Let us know via our contact form and we will look into it.

8 or 11 characters: SCOGNL21 versus SCOGNL21XXX

Every SWIFT/BIC code starts with the same eight core characters: four letters for the bank, a two-letter country code and a two-character location code. In this case, the 8-character core is SCOGNL21.

Most payment forms accept both lengths. If yours requires eleven characters, enter SCOGNL21XXX; if it wants eight, use SCOGNL21.

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

Scrocca Option Trading B.V.: head office code versus branch codes

Scrocca Option Trading B.V. uses 2 separate SWIFT/BIC codes across 2 cities. Only one is the head office code; the rest identify branches or departments.

For the vast majority of payments to a private or business account, the head office code SCOGNL21XXX works fine. Only use a branch code when the account holder gives you that exact code.

Unsure which code applies? Ask the recipient. Codes are sometimes changed or retired when banks reorganise, so a code from an old document is not always valid.

Scams that use SWIFT codes

Stay alert when a contact suddenly asks you to send money to a different account. The fact that SCOGNL21 exists does not mean that the account is genuine – fraudsters use real bank codes as well.

Never trust contact details in the same message that contains the change. Urgency and requests to keep it quiet tend to be red flags – a real supplier can wait a day. When a payment has already gone to a fraudster, contact your bank immediately: the sooner they act, the better the chance of a recall.

Scams also target the receiver: someone claims to have sent more than agreed and asks you to refund the difference via a different route. A screenshot of a transfer is no proof – check your own account.

Incoming international payments to Scrocca Option Trading B.V.

When you expect money from abroad, give the sender all details at once. Share your name as the bank knows it, your account number or IBAN, SWIFT code SCOGNL21XXX and your address, which some banks require.

You can include Scrocca Option Trading B.V. and its city as well, because some payment forms have separate fields for them. A mistake in the IBAN is more trouble than it looks, so copy the details from your online banking.

An incoming payment 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, a markup on the rate comes on top. On invoices, it is common to state how the fees are split, so that nobody is left short.

The Euro and what conversion costs you

Netherlands uses the Euro, code EUR. Money sent in a different currency is exchanged into EUR on its way to Scrocca Option Trading B.V.. You rarely see a separate line for that conversion; it is built into the rate.

Where the conversion happens has an effect on how much arrives, as rates and margins differ per bank. Check how much EUR arrives with several services before choosing one.

The rate for EUR fluctuates constantly, so the amount you see is usually only valid for a short time. For regular payments, small differences in the rate add up over time.

When will the money arrive at Scrocca Option Trading B.V.?

How quickly a transfer arrives at Scrocca Option Trading B.V. depends on a few things: which currency you send, how many intermediary banks are involved, daily processing deadlines and differences in time zone. Transfers sent late in the day or just before a weekend or public holiday often start the next business day. Compliance checks by one of the banks can also cause some delay, even when all details are correct.

When a payment takes longer than expected, ask your bank for the tracking status and the transaction reference so they can trace it along the chain. Save the payment confirmation.

Only the sending bank can request a trace; the receiving side usually has nothing to trace yet. As a recipient, it helps to look at your statements to see a partial amount, since fees may have been deducted.

SEPA payments and the Scrocca Option Trading B.V. BIC

Since Netherlands is in SEPA, a euro transfer to Scrocca Option Trading B.V. from within the SEPA area normally requires just the IBAN. Most banking apps no longer ask for the BIC in that case or fill it in for you.

The BIC does come into play for payments in other currencies, and for transfers from outside SEPA. Some banks and apps also show a field for the BIC; if so, enter SCOGNL21.

Instant payments in euros have become widely supported within SEPA – whether Scrocca Option Trading B.V. offers them for your account is worth checking. As long as no currency is converted, the transfer is inexpensive; it is the conversion that costs money.

Sending money abroad from Scrocca Option Trading B.V.

If you transfer money abroad via Scrocca Option Trading B.V., the fee you see is rarely all of the cost. On top of the transfer fee, correspondent or intermediary banks can take a cut, and if the money changes currency, the bank usually uses a rate that is less favourable than the actual market rate.

The markup on the rate tends to be the biggest cost because it is hidden in the rate. A simple test: set the rate you get against the mid-market rate for the same moment and look at the difference.

Specialised transfer providers often use a rate near the mid-market rate with clearer fees. Before your next transfer, it is worth comparing what arrives on GoldexPay rather than accepting the bank’s rate by default. You can always use your account at Scrocca Option Trading B.V. as the source of the money, while a cheaper service handles the conversion.

Verifying the SWIFT code of Scrocca Option Trading B.V.

Have the recipient send you the account details straight from their online banking. Compare that code with SCOGNL21 here.

With a wrong code, the transfer might be delayed, be returned or cost extra. Do not forget the account number: a mistake there can be harder to correct than a wrong BIC.

Many banking apps check the format of IBANs and sometimes look up the BIC automatically – that confirms the format, not the owner. Some banks now compare the payee name against the account before you confirm. A small test payment is worth it for a large first payment.