Detailed Guide: Using ALTE LEIPZIGER BAUSPAR AG SWIFT Code for Global Transfers
When dealing with international finance, precision is paramount. The ALTEDEFA Business Identifier Code (BIC) is the exclusive digital signature for ALTE LEIPZIGER BAUSPAR AG located in OBERURSEL (TAUNUS). Without this precise string of characters, your international wire transfer could be delayed, routed to the wrong intermediary, or returned with significant banking fees.
1. Understanding the 11-Character Logic
The code ALTEDEFA is not a random sequence. It follows a strict ISO-9362
hierarchy that tells the global financial system exactly where your money needs to land:
- ALTE: The Bank Code representing ALTE LEIPZIGER BAUSPAR AG globally.
- DE: The Country Code, identifying that the bank is regulated under Germany laws.
- FA: The Location Code, usually pointing to the OBERURSEL (TAUNUS) hub.
- XXX: The Branch Code, specifying this exact physical office.
2. How to Receive Money in OBERURSEL (TAUNUS)
If you are a resident or business owner in OBERURSEL (TAUNUS), you must provide the following information to your international sender. For transactions involving ALTE LEIPZIGER BAUSPAR AG, ensure these fields are filled accurately in the MT103 (SWIFT Message Type):
| Field Name | Required Value |
|---|---|
| Beneficiary Name | Your Full Legal Name |
| Account Number | IBAN or Regional Account Format |
| BIC/SWIFT | ALTEDEFA |
| Destination Bank | ALTE LEIPZIGER BAUSPAR AG |
| Branch Location | OBERURSEL (TAUNUS), Germany |
3. Potential Fees & Intermediary Banking
It is important to note that a transfer to ALTE LEIPZIGER BAUSPAR AG might not be direct. Depending on the relationship between your sender's bank and the DE banking system, an "Intermediary Bank" might be involved. These banks may deduct a "Handling Fee" ranging from $15 to $50. Always ask your sender to choose the OUR instruction if they wish to cover all costs, or SHA to share the fees with you.
4. Frequently Asked Questions (Verified Answers)
What happens if I use the Head Office SWIFT instead of the OBERURSEL (TAUNUS) branch code?
In most cases, ALTE LEIPZIGER BAUSPAR AG will
automatically route the funds to your account based on your Account Number/IBAN. However,
using the local ALTEDEFA is recommended for faster processing
and lower risk of manual intervention.
Is ALTEDEFA the same as a Routing Number?
No. Routing numbers are primarily used for domestic transfers within the USA. For international transfers to Germany, the SWIFT code is the standard identifier used by the global banking network.
How can I verify if this code is still active?
The code ALTEDEFA for
ALTE LEIPZIGER BAUSPAR AG is part of the latest directory update. We
periodically refresh our database to ensure all codes for OBERURSEL (TAUNUS) are compliant
with current financial standards.
Note: Financial data changes. While ALTEDEFA is
verified for ALTE LEIPZIGER BAUSPAR AG, always perform a small test transfer for high-value
transactions. This resource is for educational purposes regarding the banking infrastructure in
OBERURSEL (TAUNUS), Germany.