SWIFT Code PSNODE21 — PSD BANK NORD EG, SCHWERIN

About SWIFT Code PSNODE21 — PSD BANK NORD EG, SCHWERIN

SWIFT code PSNODE21 is the official 8-character head-office BIC (Bank Identifier Code) for PSD BANK NORD EG in SCHWERIN, 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 PSD BANK NORD EG for all outward international remittances from SCHWERIN. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code PSNODE21

The code PSNODE21 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code PSNODE21

Receiving International Wire Transfers

To receive money from abroad at your PSD BANK NORD EG account in SCHWERIN, share SWIFT code PSNODE21 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 PSD BANK NORD EG, SCHWERIN must provide SWIFT code PSNODE21. 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 PSD BANK NORD EG in SCHWERIN rely on SWIFT code PSNODE21 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 PSD BANK NORD EG →

For cheque clearing or NACH mandates, use the MICR code for PSD BANK NORD EG →

For TDS challan deposits, find the BSR code for PSD BANK NORD EG →

How SWIFT Code PSNODE21 Routes an International Transfer

1. Initiation: The sender provides SWIFT code PSNODE21 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 PSD BANK NORD EG.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: PSD BANK NORD EG receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code PSNODE21

• Spaces or lowercase letters — Always enter PSNODE21 uppercase with no spaces.
• Using the wrong city — This code is for SCHWERIN 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 PSNODE21 directly with PSD BANK NORD EG's SCHWERIN branch or via the SWIFT BIC Directory.