SWIFT Code OFTGDE31 — OPPENHEIM FONDS TRUST GMBH, KOELN

About SWIFT Code OFTGDE31 — OPPENHEIM FONDS TRUST GMBH, KOELN

SWIFT code OFTGDE31 is the official 8-character head-office BIC (Bank Identifier Code) for OPPENHEIM FONDS TRUST GMBH in KOELN, 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 OPPENHEIM FONDS TRUST GMBH for all outward international remittances from KOELN. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code OFTGDE31

The code OFTGDE31 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code OFTGDE31

Receiving International Wire Transfers

To receive money from abroad at your OPPENHEIM FONDS TRUST GMBH account in KOELN, share SWIFT code OFTGDE31 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 OPPENHEIM FONDS TRUST GMBH, KOELN must provide SWIFT code OFTGDE31. 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 OPPENHEIM FONDS TRUST GMBH in KOELN rely on SWIFT code OFTGDE31 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 OPPENHEIM FONDS TRUST GMBH →

For cheque clearing or NACH mandates, use the MICR code for OPPENHEIM FONDS TRUST GMBH →

For TDS challan deposits, find the BSR code for OPPENHEIM FONDS TRUST GMBH →

How SWIFT Code OFTGDE31 Routes an International Transfer

1. Initiation: The sender provides SWIFT code OFTGDE31 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 OPPENHEIM FONDS TRUST GMBH.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: OPPENHEIM FONDS TRUST GMBH receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code OFTGDE31

• Spaces or lowercase letters — Always enter OFTGDE31 uppercase with no spaces.
• Using the wrong city — This code is for KOELN 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 OFTGDE31 directly with OPPENHEIM FONDS TRUST GMBH's KOELN branch or via the SWIFT BIC Directory.