Detailed Guide: Using IKA-WERKE GMBH AND CO. KG SWIFT Code for Global Transfers
When dealing with international finance, precision is paramount. The IKWGDE8S Business Identifier Code (BIC) is the exclusive digital signature for IKA-WERKE GMBH AND CO. KG located in STAUFEN IM BREISGAU. 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 IKWGDE8S 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:
- IKWG: The Bank Code representing IKA-WERKE GMBH AND CO. KG globally.
- DE: The Country Code, identifying that the bank is regulated under Germany laws.
- 8S: The Location Code, usually pointing to the STAUFEN IM BREISGAU hub.
- XXX: The Branch Code, specifying this exact physical office.
2. How to Receive Money in STAUFEN IM BREISGAU
If you are a resident or business owner in STAUFEN IM BREISGAU, you must provide the following information to your international sender. For transactions involving IKA-WERKE GMBH AND CO. KG, 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 | IKWGDE8S |
| Destination Bank | IKA-WERKE GMBH AND CO. KG |
| Branch Location | STAUFEN IM BREISGAU, Germany |
3. Potential Fees & Intermediary Banking
It is important to note that a transfer to IKA-WERKE GMBH AND CO. KG 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 STAUFEN IM BREISGAU branch code?
In most cases, IKA-WERKE GMBH AND CO. KG will
automatically route the funds to your account based on your Account Number/IBAN. However,
using the local IKWGDE8S is recommended for faster processing
and lower risk of manual intervention.
Is IKWGDE8S 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 IKWGDE8S for
IKA-WERKE GMBH AND CO. KG is part of the latest directory update. We
periodically refresh our database to ensure all codes for STAUFEN IM BREISGAU are compliant
with current financial standards.
Note: Financial data changes. While IKWGDE8S is
verified for IKA-WERKE GMBH AND CO. KG, always perform a small test transfer for high-value
transactions. This resource is for educational purposes regarding the banking infrastructure in
STAUFEN IM BREISGAU, Germany.