VDSPBE91 XXX – Vdk Spaarbank Nv Swift Code (BIC)

Here you will get Vdk Spaarbank Nv Swift code, Bank Address and Vdk Spaarbank Nv (BIC) Swift Code VDSPBE91 XXX ‘s Details information. Here you will get also all BELGIUM bank’s Swift Code, Routing Number and Bank Address list. Now see the details information of Vdk Spaarbank Nv address, Swift Code, and Routing Number below.

VDSPBE91 XXX Vdk Spaarbank Nv’s (BIC) Swift Code Details information

Bank Name: Vdk Spaarbank Nv
Branch:
Bank Code: VDSPBE91
Branch code: XXX (Branch code is not avail for this we have used “XXX”)
Address: SINT-MICHIELSPLEIN 16
Location/Postal code: Gent 9000
Country: BELGIUM
SWIFT code: VDSPBE91 XXX (Branch code is not avail for this we have used “XXX”)

VDSPBE91 XXX Vdk Spaarbank Nv (BIC) Swift Code Details Analysis:

You have come here to get Vdk Spaarbank Nv (BIC) SWIFT Code VDSPBE91 XXX. I think you should know the details information about Vdk Spaarbank Nv (BIC) Swift Code VDSPBE91 XXX. By regarding this, I have write here in details as:  What is a SWIFT code, Swift Code analysis of Vdk Spaarbank Nv , Analysis The SWIFT code characters for better understanding, Understanding the swift code, The SWIFT code is 8 or 11 characters made up of, Use of swift Code. If you know this deails information, hope you will know how to use and where to use swift code. Now read details from below:  

What is a SWIFT code?

A SWIFT code is an international bank code that identifies particular banks worldwide. It’s also known as a Bank Identifier Code (BIC). Most of the Bank uses SWIFT codes to send money to overseas banks. A SWIFT code consists of 8 or 11 characters. Vdk Spaarbank Nv  also use SWIFT Code to send money to overseas banks.

Swift Code analysis of SWIFT Code:

Let’s we analysis this above code. 1st 4 letter is institution or Bank Neme’s code. 5th and 6th letter is country’s ISO code. 7th and 8th letter is institution or Bank Neme’s head office location code and 9th to 11th letter/digit code is branch code (Optional code).

Here 1st 4 letter bank name: “Vdk Spaarbank Nv” and 4 letter code is “VDSP”
Here 5th & 6th Country “BELGIUM” and 2 letter ISO Code is “BE” 
Here This bank head office 2 letter location code is “91″
This banks Branch office is and 3 digit branch code is “XXX”

SWIFT Code Description from Wikipedia

Analysis of VDSPBE91 XXX Vdk Spaarbank Nv (BIC) Swift Code character for better understanding:

4 letters: bank Name code
= Here bank name: “Vdk Spaarbank Nv” & 4 letter code is “VDSP”
2 letters: ISO 3166-1 alpha-2 country code

= Here Country “BELGIUM” & 2 letter ISO Code is “BE”
2 letters or digits: location code of Banks head office.

= Here 2 letter banks head office location code is “91″
3 letters or digits: branch code, optional (‘XXX’ for primary office). Where an 8-digit code is given, it may be assumed that it refers to the primary office.

= Here Branch is and 3 digit branch code is XXX

  • Vdk Spaarbank Nv’s 8 character Swift Code is: VDSPBE91
  • Vdk Spaarbank Nv’s 11 character Swift Code is: VDSPBE91 XXX

Understanding the VDSPBE91 XXX Vdk Spaarbank Nv (BIC) Swift Code:

I’m writing this so that this article can increase your knowledge on swift code. SWIFT is stands for Society for Worldwide Interbank Financial Telecommunication code. An internationally-recognized identification code for banks around the world. SWIFT codes are most commonly used for international wire transfers and are comprised of 8 or 11 alphanumeric characters. The International Organization of Standardization (IOS) was the authoritative body that approved the creation of SWIFT codes.

Swift codes are broken down into sections, in the same way telephone numbers are broken into sections, and every section reveals some information about the institution that was assigned this code. Read more about the use of swift code.

As for example: If we analysis this 0088-0451-63970 telephone phone number we shall get Country code, area code, phone number.
0088: Country code
0451: Area code
63970: Phone number

Swift code consist of eight or eleven characters. Whenever an eight-character code is used, then it is referring to the head office (main office) of the institution. Here is how an 11-character code is broken down and what each section of characters represents. Let’s we analysis this 8 and 11-character swift code like this phone number:

As for example: If we analysis this VDSPBE91 SWIFT Code we shall get, Bank code, Country code, Banks head office code and branch code.

VDSP: Vdk Spaarbank Nv (Bank)
BE: BELGIUM (Country)
91: Head office code
XXX: Branch Code

It can be broken down to these sections:

Suppose your Bank Name is Vdk Spaarbank Nv, Branch , Bank Code VDSPBE91 , Branch code: XXX, Country: BELGIUM and SWIFT code VDSPBE91 . Now let’s we alalysis this code.

VDSP – BE – 91 – XXX
In Section 1 (the first 4-characters “VDSP”): This code is used to identify the institution’s global presence (all branches and all divisions around the world). For example, “VDSP” is used for “Vdk Spaarbank Nv ”

In Section 2 (5th and 6th characters “BE”): This two-letter code represents the country code. and follows the ISO 3166-1 alpha-2 standard for representing country codes. For example, “BE” for “BELGIUM”.

In Section 3 (7th and 8th characters “91”): These characters represent the banks head office location code (e.g. “91” is the head office location code of the Bank or Institution.

If it is equal to “0”, then it typically is a BIC assigned for testing purposes (as opposed to a BIC used on the live network).
If it is equal to “1”, then it denotes a passive participant in the SWIFT network.
If it is equal to “2”, then it typically denotes a “reverse billing” BIC, meaning that the recipient of the message has to pay for the message.

In Section 4 (9th to 11th characters “XXX”): These last three characters form a “branch code” that refers to the particular branch of the institution. Here this Vdk Spaarbank Nv’s particular branch is ” “. If this section is omitted, then we have an 8-character swift code that is assumed to refer to the Head Office of the institution.

The SWIFT code is 8 or 11 characters, made up of:

1st- 4th letters: Institution Code or bank code.
5th and 6th letter, this 2 letters: ISO 3166-1 alpha-2 country code
7th and 8th letter, this 2 letters or digits: location code
9th, 10th and 11th, this 3 letters or digits: branch code, optional (You can use it or not. this is not important. primary office is enough). Where an 8-digit code is given, it may be assumed that it refers to the primary office.

If the second character is “0”, then it is typically a test BIC as opposed to a BIC used on the live network.
If the second character is “1”, then it denotes a passive participant in the SWIFT network
If the second character is “2”, then it typically indicates a reverse billing BIC, where the recipient pays for the message as opposed to the more usual mode whereby the sender pays for the message.

Use of Vdk Spaarbank Nv Swift Code:

Actually, SWIFT codes are used to identify banks and financial institutions worldwide. They are used by the swift network to transmit wire transfers (money transactions) and messages between them. For international wire transfers, swift codes are always required in order to make transactions secure and fast.

Swift code is very important for All freelancer because if they want to withdraw money from market place, they need – Name, Banks Name, Bank Account Number, and Swift Code.

If you want to receive money from a foreign Bank or withdraw money from Freelancing marketplace, then you need this Swift Code.
As for example, If you want to withdraw money from Google Adsense in your Vdk Spaarbank Nv’s Account, then you need your Name, your Banks Name, your Bank Account Number, and Vdk Spaarbank Nv’s Swift Code.

For Example:
Name: Md. Mohi Uddin
Banks Name: Vdk Spaarbank Nv
Bank Account Number: 222 151 524 6826
Vdk Spaarbank Nv’s Swift Code: VDSPBE91

Hope you have got the clear idea about the use of SWIFT Code or BIC Code.

You must need to read this Note on Bank address, routing number and swift code:

Dear Reader, We have tried to collect 100% correct information of your Banks Swift code, Routing Number and address for you. On the other hand, I have found the wrong Routing Number, swift code or BIC Code in many websites. For this, I will request to all readers, please re-conform your Routing Number, Swift Code from your Banks branch or your bank’s official website or your banks customer service. For your help, We have given official website address here. We have tried to ensure 100% correct swift code or BIC Code, Routing Number and address on our website. On top of that, if you find any wrong information on our website, please let us know by comment or using this “wrong information complain form” then we will recorrect our information. You can contact us at any time by using our contact form.

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