SWIFT Code MACODEB1 — PRIVATBANK BERLIN VON 1929 AG, BERLIN

About SWIFT Code MACODEB1 — PRIVATBANK BERLIN VON 1929 AG, BERLIN

SWIFT code MACODEB1 is the official 8-character head-office BIC (Bank Identifier Code) for PRIVATBANK BERLIN VON 1929 AG in BERLIN, 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 PRIVATBANK BERLIN VON 1929 AG for all outward international remittances from BERLIN. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code MACODEB1

The code MACODEB1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code MACODEB1

Receiving International Wire Transfers

To receive money from abroad at your PRIVATBANK BERLIN VON 1929 AG account in BERLIN, share SWIFT code MACODEB1 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 PRIVATBANK BERLIN VON 1929 AG, BERLIN must provide SWIFT code MACODEB1. 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 PRIVATBANK BERLIN VON 1929 AG in BERLIN rely on SWIFT code MACODEB1 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 PRIVATBANK BERLIN VON 1929 AG →

For cheque clearing or NACH mandates, use the MICR code for PRIVATBANK BERLIN VON 1929 AG →

For TDS challan deposits, find the BSR code for PRIVATBANK BERLIN VON 1929 AG →

How SWIFT Code MACODEB1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code MACODEB1 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 PRIVATBANK BERLIN VON 1929 AG.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: PRIVATBANK BERLIN VON 1929 AG receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code MACODEB1

• Spaces or lowercase letters — Always enter MACODEB1 uppercase with no spaces.
• Using the wrong city — This code is for BERLIN 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 MACODEB1 directly with PRIVATBANK BERLIN VON 1929 AG's BERLIN branch or via the SWIFT BIC Directory.