SWIFT Code MARKDEF1450 — DEUTSCHE BUNDESBANK, HAGEN

About SWIFT Code MARKDEF1450 — DEUTSCHE BUNDESBANK, HAGEN

SWIFT code MARKDEF1450 is the official 11-character branch-specific BIC (Bank Identifier Code) for DEUTSCHE BUNDESBANK in HAGEN, 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 DEUTSCHE BUNDESBANK for all outward international remittances from HAGEN. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code MARKDEF1450

The code MARKDEF1450 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code MARKDEF1450

Receiving International Wire Transfers

To receive money from abroad at your DEUTSCHE BUNDESBANK account in HAGEN, share SWIFT code MARKDEF1450 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 DEUTSCHE BUNDESBANK, HAGEN must provide SWIFT code MARKDEF1450. 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 DEUTSCHE BUNDESBANK in HAGEN rely on SWIFT code MARKDEF1450 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 DEUTSCHE BUNDESBANK →

For cheque clearing or NACH mandates, use the MICR code for DEUTSCHE BUNDESBANK →

For TDS challan deposits, find the BSR code for DEUTSCHE BUNDESBANK →

How SWIFT Code MARKDEF1450 Routes an International Transfer

1. Initiation: The sender provides SWIFT code MARKDEF1450 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 DEUTSCHE BUNDESBANK.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: DEUTSCHE BUNDESBANK receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code MARKDEF1450

• Spaces or lowercase letters — Always enter MARKDEF1450 uppercase with no spaces.
• Using the wrong city — This code is for HAGEN 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 MARKDEF1450 directly with DEUTSCHE BUNDESBANK's HAGEN branch or via the SWIFT BIC Directory.