The Swift or BIC code for Commerzbank in Germany is
COBADEFF

What is a SWIFT or BIC code?

A SWIFT code, also known as a Bank Identifier Code (BIC), is a unique alphanumeric identifier used in international money transfers or SEPA payments to identify a certain bank or financial institution. SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication, and it is a global network that allows banks and financial institutions to securely communicate and exchange financial information. The code is made up of either 8 or 11 characters.

1. Bank Code: The first four characters represent the bank or financial institution code. It is usually an alphanumeric code that identifies the specific bank.

2. Country Code: The next two characters represent the country code, following the ISO country code standard. For Germany, the country code is “DE.”

3. Location Code: The last two characters, also known as the location code, pinpoint the exact location of the bank branch within the country. It can either be alphanumeric or represent the bank’s head office.

Conclusion: A SWIFT or BIC code is primarily utilized when sending money overseas to ensure that the funds reach the correct destination bank anywhere in the globe. This one-of-a-kind code ensures the correctness, security, and efficiency of international fund transfers.