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Sparkasse Muldental Swift Code in Grimma city of Germany

Branch Wise List Of Sparkasse Muldental Swift Code, BIc Code In Grimma City Along With Sparkasse Muldental Grimma All Branches Addresses In Germany quickly to use for Society for Worldwide Interbank Financial Telecommunication

The SWIFT code of Sparkasse Muldental Grimma City is SOLADES1GRM. The branch located in Grimma City, Of Germany (DE).

Sparkasse Muldental SWIFT Code: SOLADES1GRM

Sparkasse Muldental Grimma City Swift/BIc Code Details

Bank NameSparkasse Muldental
Swift CodeSOLADES1GRM
Branch Not Available
CountryGermany DE
CityGrimma
Branch Code GRM
SWIFT code (8 characters) SOLADES1
BIC Code analysis8-letter swift code: SOLADES1
Branch code: GRM
Institution s 4-letter code: SOLA
Country code: DE
Location code: S1

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: SOLADES1GRM
  • SOLA4 letters: Institution Code or bank code.
  • DE2 letters: ISO 3166-1 alpha-2 country code.
  • S12 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.
  • GRM 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.