Bank Degroof Petercam Spain, S.A. SWIFT/BIC code

What DEGRESBB means for a payment to Bank Degroof Petercam Spain, S.A.

DEGRESBB and DEGRESBBXXX are two spellings of the same SWIFT/BIC code, and both point to Bank Degroof Petercam Spain, S.A. in Barcelona. A SWIFT code shows every bank in the chain exactly which bank is meant to get the money. It comes up mainly for transfers between countries.

We wrote this page to help people who pays into an account at Bank Degroof Petercam Spain, S.A. without mistakes. A SWIFT code identifies an institution, not a single account; the IBAN or account number does that.

International transfers from Bank Degroof Petercam Spain, S.A.: the real cost

If you transfer money abroad from Bank Degroof Petercam Spain, S.A., the fee you see is only part of what you pay. There is the transfer fee, sometimes charges from correspondent banks in between and, most importantly, the exchange rate markup if the currency changes.

Banks rarely show the margin on the rate separately. An easy check: put the bank’s rate next to the mid-market rate and look at the difference.

Specialised transfer providers often offer rates closer to the mid-market rate. GoldexPay compares transfer providers side by side so you can see what actually arrives before you commit. You can still use your account at Bank Degroof Petercam Spain, S.A. as the source of the money; only the conversion and sending happen elsewhere.

When will the money arrive at Bank Degroof Petercam Spain, S.A.?

There is no fixed answer for every transfer: many arrive the same day or the next. Payments made late in the day or on a weekend or public holiday often start the next business day. Extra checks on larger or unusual payments can also cause a delay, regardless of the details.

Many banks use SWIFT gpi. Every gpi transfer gets a unique reference, the UETR. Save the payment confirmation until the recipient confirms – you will need it for any trace request.

If the money does not arrive within the expected time, the person who paid needs to contact their own bank. Ask the sender for the payment receipt with the date and reference – it helps your own bank look for the money.

Choosing between the 2 SWIFT codes of Bank Degroof Petercam Spain, S.A.

Bank Degroof Petercam Spain, S.A. uses 2 different SWIFT/BIC codes across 1 locations. One of them is the head office code, DEGRESBBXXX; the others identify branches.

For the vast majority of incoming transfers, the head office code DEGRESBBXXX is the right choice. When you receive a branch code, use it as it is instead of replacing it with the head office code.

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

Paying into Bank Degroof Petercam Spain, S.A. in EUR

Accounts at Bank Degroof Petercam Spain, S.A. are usually held in EUR, the national currency. Money sent in a different currency is exchanged into EUR before it reaches the account, and whoever converts it chooses the rate. Every conversion eats into something.

Who converts the money makes a difference. Sending the money directly in EUR often avoids an extra conversion at the receiving end – as long as your own rate is good.

The EUR rate changes constantly. On larger amounts, a small difference in the rate can be worth more than the fee.

What to give a sender who pays you at Bank Degroof Petercam Spain, S.A.

A sender in another country will ask for a few details about your account – incomplete details often cause delays. Share your name as the bank knows it, your account number or IBAN, the BIC DEGRESBBXXX and your address.

Some banks want the name and address of Bank Degroof Petercam Spain, S.A.. Double-check each detail before you share them, because the sender’s bank usually copies them as is.

An incoming payment will not always arrive in full. Intermediary banks may deduct a fee, Bank Degroof Petercam Spain, S.A. may charge for incoming payments, and if the currency changes, a markup on the rate comes on top. Make clear with the sender who covers the fees before the money is sent.

Scams that use SWIFT codes

One of the most common tricks works like this: you receive a request saying that a company has a new bank account. A real SWIFT code says nothing about who owns the account.

Check changed bank details through a different channel like a call to a number from an earlier contract, never via the email that asked for the change. Pressure and secrecy tend to be warning signs; a genuine business can wait for you to check. If a payment has already gone to the wrong account, call your bank right away.

Scams also work the other way: someone claims to have sent too much and asks you to return the extra. Do not act before the money has really arrived and check with Bank Degroof Petercam Spain, S.A. if anything seems off.

A note on our data

The details here come from publicly available data. It can happen that information on this page is out of date, for example after a merger. The number of codes on this page reflect what is in our directory.

Use our data as a starting point, rather than as the final word. GoldexPay has no connection to Bank Degroof Petercam Spain, S.A., we only compare transfer services. Found outdated information? Tell us via our contact form so we can correct it.

SEPA payments and the Bank Degroof Petercam Spain, S.A. BIC

Within the SEPA zone, euro payments to an account in Spain follow the same rules, so the IBAN does the job in most cases. The BIC field is often optional in that case.

You still need DEGRESBBXXX when sending non-euro payments or transfers from countries outside SEPA. A few forms still show a field for the BIC; if so, enter DEGRESBB or DEGRESBBXXX.

Instant euro transfers are widely available across SEPA. Charges on SEPA payments are generally low, as long as no currency conversion is involved.

8 or 11 characters: DEGRESBB versus DEGRESBBXXX

A BIC is built from a few fixed parts: the first four letters stand for the bank, the next two give the country and the two after that mark the location. That gives you DEGRESBB, the short form of the code.

Most payment forms work with either length. If yours requires eleven characters, enter DEGRESBBXXX; if it wants eight, use DEGRESBB.

Enter the code in one piece, in capitals and without separators, exactly as shown here. A wrong character may route the money to a different institution.

Before you send: check the Bank Degroof Petercam Spain, S.A. code

The most reliable source for a SWIFT code is the bank details provided by the recipient: an invoice, a bank statement or their online banking. When the code you were given differs from DEGRESBB or DEGRESBBXXX, do not guess – contact the recipient or Bank Degroof Petercam Spain, S.A..

Mistakes in the SWIFT code are costly rather than disastrous. An error in the IBAN or account number can be more serious, because the money may be credited to someone else.

Most online banking apps check the format of IBANs. More and more banks check the payee name against the account before you confirm. A small test payment is a sensible step for large sums, even if it costs an extra fee.