SWIFT Code SCHGDE55 — BANK SCHILLING AND CO AG, HAMMELBURG

About SWIFT Code SCHGDE55 — BANK SCHILLING AND CO AG, HAMMELBURG

SWIFT code SCHGDE55 is the official 8-character head-office BIC (Bank Identifier Code) for BANK SCHILLING AND CO AG in HAMMELBURG, Germany. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by BANK SCHILLING AND CO AG for all outward international remittances from HAMMELBURG. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code SCHGDE55

The code SCHGDE55 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code SCHGDE55

Receiving International Wire Transfers

To receive money from abroad at your BANK SCHILLING AND CO AG account in HAMMELBURG, share SWIFT code SCHGDE55 with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at BANK SCHILLING AND CO AG, HAMMELBURG must provide SWIFT code SCHGDE55. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using BANK SCHILLING AND CO AG in HAMMELBURG rely on SWIFT code SCHGDE55 for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for BANK SCHILLING AND CO AG →

For cheque clearing or NACH mandates, use the MICR code for BANK SCHILLING AND CO AG →

For TDS challan deposits, find the BSR code for BANK SCHILLING AND CO AG →

How SWIFT Code SCHGDE55 Routes an International Transfer

1. Initiation: The sender provides SWIFT code SCHGDE55 and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to BANK SCHILLING AND CO AG.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: BANK SCHILLING AND CO AG receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code SCHGDE55

• Spaces or lowercase letters — Always enter SCHGDE55 uppercase with no spaces.
• Using the wrong city — This code is for HAMMELBURG only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within Germany.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm SCHGDE55 directly with BANK SCHILLING AND CO AG's HAMMELBURG branch or via the SWIFT BIC Directory.