BFSWDE33MAG

Bank Fuer Sozialwirtschaft Ag BIC / Swift code details

39104 Magdeburg, Fuerstenwall 3 39104 Magdeburg, Magdeburg, Germany

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On many international routes, TransferWise can send your money within one day, and sometimes within seconds. You’ll always get the best possible exchange rate, and the low fee we’re known for.

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TransferWise – the clever new way to send money abroad

Banks and other providers often add a markup to their exchange rate while advertising low fees, which means you could be paying huge hidden charges.

TransferWise uses the real Reuters exchange rate and charges a low, transparent fee. That’s why it’s cheaper. It’s only fair. It’s your money.

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Bank Fuer Sozialwirtschaft Ag BIC / Swift code details

Sending or receiving money from abroad to Bank Fuer Sozialwirtschaft Ag in Germany? Find the right BIC / SWIFT code with our Bank Fuer Sozialwirtschaft Ag SWIFT code finder.

Please remember to always confirm the correct code with the bank or recipient before sending any money.

Swift code
Swift code (8 characters)	BFSWDE33
Branch name	39104 Magdeburg
Branch address	Fuerstenwall 3 39104 Magdeburg
Branch code	MAG
Bank name	Bank Fuer Sozialwirtschaft Ag
City	Magdeburg
Country	Germany

Your questions, answered.

Routing numbers, SWIFT codes, BIC and IBANs – what’s the difference?

You’ll need a few details to send or receive a transfer – either domestically or internationally.

IBANs (international bank account numbers) identify individual bank accounts. They're issued by many banks in Europe, but banks elsewhere in the world are starting to adopt them as well.

Routing numbers help identify banks when processing domestic ACH payments or wire transfers. But only in the United States. You don't need one to make a payment to your friend in France, for example.

SWIFT codes, like routing numbers, also identify banks and financial institutions. This time for international payments. They're sometimes known as BIC codes.

Do I need an IBAN number?

It depends on the country you're sending money to. In the Eurozone, you'll always need an IBAN and a SWIFT/BIC code. Banks in the USA use SWIFT codes, but they don't use IBANs. It's the same in New Zealand too. More on IBAN numbers.

How do banks create a SWIFT/BIC code?

Banks and other institutions create SWIFT codes to represent individual bank accounts. They combine local account information into a string of characters.

Disclaimer

TransferWise has not carried out any enquiries on the legal standing of any of the banks and financial institutions listed.

TransferWise does not take responsibility or have any liability to you or anyone for any risks that may be associated with these banks or financial institutions or the jurisdictions they operate in, nor any transactions that you or any other person may undertake with these organisations. TransferWise may not provide services in the jurisdiction in question. For a list of our supported countries, please see here.