Deutsche Bank AG SWIFT/BIC code

DEUTZAJX – the SWIFT/BIC code of Deutsche Bank AG

The 8-character code DEUTZAJX and the full code DEUTZAJXXXX refer to one and the same institution: Deutsche Bank AG, with its head office in Johannesburg. A BIC does one job: it makes sure that money from abroad reaches the right bank. It comes up mainly for payments that cross a border or a currency.

On this page we explain how the code is put together, when it matters and what else you need for a transfer to or from Deutsche Bank AG. Remember that the SWIFT code just identifies the bank, not the account: the IBAN or account number takes care of that.

Paying into Deutsche Bank AG in ZAR

Accounts at Deutsche Bank AG are usually held in ZAR, the local currency. If you send money in a different currency gets converted at some point. Every conversion costs something – usually through the rate rather than a fee.

Which bank converts the money makes a difference. Often you pay less if you send ZAR directly via a provider with a good rate, so that the receiving bank does not need to convert again.

Exchange rates change all the time. On larger amounts, a small gap in the rate can be worth more than the fee.

International transfers from Deutsche Bank AG: the real cost

The price of an international transfer is made up of several parts, and the transfer fee is only the most visible one. Besides a fixed fee, correspondent or intermediary banks can deduct a fee, and when the money changes currency the bank usually uses a rate below the real market rate.

That exchange rate margin tends to be the largest cost, and it is easy to miss. Check the rate you are offered with the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

Money transfer services frequently use rates closer to the mid-market rate. GoldexPay lists transfer providers next to each other, showing what actually arrives for the same amount sent. Choosing a specialist does not require closing your account at Deutsche Bank AG – you pay the provider from your own account.

Which of the 2 codes of Deutsche Bank AG do you need?

Deutsche Bank AG has 2 separate SWIFT/BIC codes. Only one is the head office code; the rest belong to branches, and sometimes internal departments.

Unless the recipient tells you otherwise, go with DEUTZAJXXXX or its short form DEUTZAJX. Branch codes are only needed when the account holder specifically asks for it.

When in doubt, check with the recipient for the exact BIC in their bank details. Codes for branches are more prone to change than DEUTZAJXXXX.

Is DEUTZAJX still correct? How to check

The most reliable source for the BIC is the bank details provided by the recipient: an invoice, a bank statement or their online banking. If the code you have does not match DEUTZAJX or DEUTZAJXXXX, stop and ask: check with the recipient or with Deutsche Bank AG directly.

Errors in the BIC are costly rather than fatal: often the payment comes back, minus fees. Remember the IBAN: an error there is more difficult to undo than a wrong code.

Many banking apps check the format of IBANs and some suggest the matching BIC. Where available, a name check before sending adds extra certainty. For a first payment, some people start with a small test amount before sending the rest.

How long does an international transfer to Deutsche Bank AG take?

How fast a transfer arrives at Deutsche Bank AG is determined by several factors: which currency you send, the number of banks in between, daily processing deadlines and differences in time zone. Weekends and public holidays in the sending or receiving country can add a day or more. Occasionally a bank wants to know what the payment is for before releasing it.

If the money is late, contact your bank about the status so they can trace it along the chain. Keep your transfer receipt until the money has arrived; it contains the details a bank needs to start a trace.

Only the sending bank can request a trace; the receiving side usually has nothing to trace yet. Ask the sender for a copy of the payment confirmation including the reference; that often settles the question quickly.

A note on our data

We collect SWIFT/BIC codes using public sources and check them from time to time. It is possible that information here is no longer current. The figures on this page are based on our own data and not on information from Deutsche Bank AG itself.

Treat our directory on this page as a handy check and rely on the recipient or Deutsche Bank AG for the final confirmation. GoldexPay has no connection to Deutsche Bank AG. If you notice something that is out of date, we appreciate a short note via the contact page.

DEUTZAJX or DEUTZAJXXXX – which one to use?

The layout of every SWIFT code is always the same: a bank code of four letters, a two-letter country code and two for the location, sometimes followed by a branch code. That gives you DEUTZAJX for Deutsche Bank AG.

Many banks and apps work with both lengths. If a form asks for eleven characters, enter DEUTZAJXXXX, otherwise DEUTZAJX is fine.

Enter the code in one piece, in capitals and without spaces. Watch for O versus 0 or the letter I and the digit 1; they are easy to mix up.

What to give a sender who pays you at Deutsche Bank AG

To receive an international payment at Deutsche Bank AG, the person paying you has to have not just the BIC. Give them the account holder’s name, the IBAN or account number, the BIC DEUTZAJXXXX and your address.

It helps to include the bank name and Johannesburg too, because some payment forms have separate fields for them. A mistake in your account number is more trouble than you might think.

The amount you receive is often lower than the amount sent. Fees for incoming transfers vary per bank. For business payments, you can agree how the fees are split, so that nobody is left short.

Scams that use SWIFT codes

Scammers regularly send payment requests containing new bank details, sometimes in an email that looks completely genuine. That DEUTZAJX is a real code does not mean that the account is legitimate; criminals use the codes of real banks too.

Check changed payment details via a different channel, not by replying to the message. Be suspicious of time pressure, unusual wording or a sender address that is slightly off. Acted too fast? Call your bank without delay and have them start a recall; also report it to the police.

Scams also work the other way: someone claims to have sent too much and asks you to refund the difference. Wait until the money has really arrived.