SWIFT Code DEMAGB22 — DEMATIC GROUP LIMITED, BANBURY

About SWIFT Code DEMAGB22 — DEMATIC GROUP LIMITED, BANBURY

SWIFT code DEMAGB22 is the official 8-character head-office BIC (Bank Identifier Code) for DEMATIC GROUP LIMITED in BANBURY, United Kingdom. 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 DEMATIC GROUP LIMITED for all outward international remittances from BANBURY. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code DEMAGB22

The code DEMAGB22 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code DEMAGB22

Receiving International Wire Transfers

To receive money from abroad at your DEMATIC GROUP LIMITED account in BANBURY, share SWIFT code DEMAGB22 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 DEMATIC GROUP LIMITED, BANBURY must provide SWIFT code DEMAGB22. 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 DEMATIC GROUP LIMITED in BANBURY rely on SWIFT code DEMAGB22 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 DEMATIC GROUP LIMITED →

For cheque clearing or NACH mandates, use the MICR code for DEMATIC GROUP LIMITED →

For TDS challan deposits, find the BSR code for DEMATIC GROUP LIMITED →

How SWIFT Code DEMAGB22 Routes an International Transfer

1. Initiation: The sender provides SWIFT code DEMAGB22 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 DEMATIC GROUP LIMITED.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: DEMATIC GROUP LIMITED receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code DEMAGB22

• Spaces or lowercase letters — Always enter DEMAGB22 uppercase with no spaces.
• Using the wrong city — This code is for BANBURY 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 United Kingdom.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm DEMAGB22 directly with DEMATIC GROUP LIMITED's BANBURY branch or via the SWIFT BIC Directory.