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Commerzbank Ag (formerly Dresdner Bank Ag Swift Code in Otterndorf city of Germany

Branch Wise List Of Commerzbank Ag (formerly Dresdner Bank Ag Swift Code, BIc Code In Otterndorf City Along With Commerzbank Ag (formerly Dresdner Bank Ag Otterndorf All Branches Addresses In Germany quickly to use for Society for Worldwide Interbank Financial Telecommunication

The SWIFT code of Commerzbank Ag (formerly Dresdner Bank Ag Otterndorf City is DRESDEFF242. The branch located in Otterndorf City, Of Germany (DE).

Commerzbank Ag (formerly Dresdner Bank Ag SWIFT Code: DRESDEFF242

Commerzbank Ag (formerly Dresdner Bank Ag Otterndorf City Swift/BIc Code Details

Bank NameCommerzbank Ag (formerly Dresdner Bank Ag
Swift CodeDRESDEFF242
Branch Not Available
CountryGermany DE
CityOtterndorf
Branch Code 242
SWIFT code (8 characters) DRESDEFF
BIC Code analysis8-letter swift code: DRESDEFF
Branch code: 242
Institution s 4-letter code: DRES
Country code: DE
Location code: FF

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) (also known as ISO 9362, SWIFT-BIC, BIC code, SWIFT ID or SWIFT code) is a standard format of Business Identifier Codes approved by the International Organization for Standardization (ISO). It is a unique identification code for both financial and non-financial institutions. (When assigned to a non-financial institution, a code may also be known as a Business Entity Identifier or BEI.) These codes are used when transferring money between banks, particularly for international wire transfers, and also for the exchange of other messages between banks. The codes can sometimes be found on account statements. SWIFT and BIC codes are basically the same.

The SWIFT code is 8 or 11 characters?

Example: DRESDEFF242
  • DRES4 letters: Institution Code or bank code.
  • DE2 letters: ISO 3166-1 alpha-2 country code.
  • FF2 letters or digits: location code
  • If the second character is "0", then it is typically a test BIC as opposed to a BIC used on the live network.
  • If the second character is "1", then it denotes a passive participant in the SWIFT network
  • If the second character is "2", then it typically indicates a reverse billing BIC, where the recipient pays for the message as opposed to the more usual mode whereby the sender pays for the message.
  • 242 last 3 letters or digits: branch code.
  • Where an 8-digit code is given, it may be assumed that it refers to the primary office.