SWIFT Code NOLADE21MDG — STADTSPARKASSE MAGDEBURG, MAGDEBURG

About SWIFT Code NOLADE21MDG — STADTSPARKASSE MAGDEBURG, MAGDEBURG

SWIFT code NOLADE21MDG is the official 11-character branch-specific BIC (Bank Identifier Code) for STADTSPARKASSE MAGDEBURG in MAGDEBURG, 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 STADTSPARKASSE MAGDEBURG for all outward international remittances from MAGDEBURG. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code NOLADE21MDG

The code NOLADE21MDG follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code NOLADE21MDG

Receiving International Wire Transfers

To receive money from abroad at your STADTSPARKASSE MAGDEBURG account in MAGDEBURG, share SWIFT code NOLADE21MDG 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 STADTSPARKASSE MAGDEBURG, MAGDEBURG must provide SWIFT code NOLADE21MDG. 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 STADTSPARKASSE MAGDEBURG in MAGDEBURG rely on SWIFT code NOLADE21MDG 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 STADTSPARKASSE MAGDEBURG →

For cheque clearing or NACH mandates, use the MICR code for STADTSPARKASSE MAGDEBURG →

For TDS challan deposits, find the BSR code for STADTSPARKASSE MAGDEBURG →

How SWIFT Code NOLADE21MDG Routes an International Transfer

1. Initiation: The sender provides SWIFT code NOLADE21MDG 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 STADTSPARKASSE MAGDEBURG.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: STADTSPARKASSE MAGDEBURG receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code NOLADE21MDG

• Spaces or lowercase letters — Always enter NOLADE21MDG uppercase with no spaces.
• Using the wrong city — This code is for MAGDEBURG 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 NOLADE21MDG directly with STADTSPARKASSE MAGDEBURG's MAGDEBURG branch or via the SWIFT BIC Directory.