SWIFT Code KGRACH21 — KREDITANSTALT GRABS, GRABS

About SWIFT Code KGRACH21 — KREDITANSTALT GRABS, GRABS

SWIFT code KGRACH21 is the official 8-character head-office BIC (Bank Identifier Code) for KREDITANSTALT GRABS in GRABS, Switzerland. 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 KREDITANSTALT GRABS for all outward international remittances from GRABS. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code KGRACH21

The code KGRACH21 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code KGRACH21

Receiving International Wire Transfers

To receive money from abroad at your KREDITANSTALT GRABS account in GRABS, share SWIFT code KGRACH21 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 KREDITANSTALT GRABS, GRABS must provide SWIFT code KGRACH21. 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 KREDITANSTALT GRABS in GRABS rely on SWIFT code KGRACH21 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 KREDITANSTALT GRABS →

For cheque clearing or NACH mandates, use the MICR code for KREDITANSTALT GRABS →

For TDS challan deposits, find the BSR code for KREDITANSTALT GRABS →

How SWIFT Code KGRACH21 Routes an International Transfer

1. Initiation: The sender provides SWIFT code KGRACH21 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 KREDITANSTALT GRABS.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: KREDITANSTALT GRABS receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code KGRACH21

• Spaces or lowercase letters — Always enter KGRACH21 uppercase with no spaces.
• Using the wrong city — This code is for GRABS 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 Switzerland.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm KGRACH21 directly with KREDITANSTALT GRABS's GRABS branch or via the SWIFT BIC Directory.