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Which is the SWIFT / BIC code of the bank Nationale Nederlanden?
Always check with your bank which code you should use.
What is swift code?
SWIFT is the acronym for the acronym “Society for Worldwide Interbank Financial Telecommunication”. It is used to send money internationally since they ask you to tell your bank or transfer service where you want to send the money.
It consists of between 8 and 11 characters, which ensure that the transferred money is received by the correct recipient. We explain their figures:
The first 4 letters indicate the financial institution to which your banking provider belongs and may indicate the initials of the bank's name. The next 2 letters are to specify the country code, for example ES for Spain. Next, there are another 2 letters that indicate the location where the bank's headquarters are located, through a location code. Finally, there are the last 3 digits that indicate the specific branch associated with your account.
Why was the SWIFT/BIC code system created?
The SWIFT system (acronym for Society for Worldwide Interbank Financial Telecommunication) is designed to provide a universal and secure way to send money internationally. SWIFT is basically a messaging network that allows different banks to send and receive information electronically. Thanks to its standardized format, SWIFT avoids confusion between banks in different countries, speeds up and simplifies the payment process and reduces the margin of error.
Who uses the SWIFT code system?
More than 200 countries and 11,000 institutions use the SWIFT/BIC system, in fact, it is the largest international payment network in the world. As the codes are processed, their characters are checked against a global database to determine where the transmission should be sent. If you are sending or receiving money from abroad through a bank, you may need to provide the SWIFT or BIC code.
Tips for use
Remember that each bank may have a different code depending on the type of service they offer, so make sure directly with your bank what Swift Code you should use.
you can find the SWIFT / BIC code Nationale Nederlanden within your bank statements, in your online banking, or make an inquiry with your bank directly.
Do I need to know the SWIFT code of each branch?
Every bank office has a different code, but if you don't have the branch code, you can use the central office code. This is usually made up of the bank code, country and the central city, using the XXX digits instead of the branch code.
Where can I find the SWIFT code for the National Nederlanden bank?
you can find the SWIFT code of a foreign bank in some account statements, in your online banking, consulting your bank's frequently asked questions or requesting it directly by calling your bank or at your branch.
Do you want to know more about SWIFT codes?
At Fazil, we believe that managing our money does not have to be complicated or difficult to understand. If you want more information about the SWIFT / BIC codes read our Fazil reading guide on what is switf code
In addition, if you want to make your purchases online without registration costs, maintenance or commissions, we recommend you read our post about free virtual cards to have all the advantages of this type of financial instrument.