PAYMENTGROUP GMBH, Primary Office Am Weiher 3 Hesse, DREIEICH, Germany


BIC Name / Bank name / Institution Name	PAYMENTGROUP GMBH
Bank Code / Institution Code	PAYM
Country	GERMANY
Country Code (ISO 3166)	DE
City	DREIEICH
City Code	5F The City Code are Institution Specific, different BIC has allotted different City Code for same city.
Office Type	Primary Office / Head Office / Main Office
Branch Code	XXX
Swift Code / BIC Code	PAYMDE5F
Swift Code / BIC Code 11 Characters	PAYMDE5FXXX Note:If Swift Code is of 8 Characters then suffix XXX for branch code in the Swift Code.
Address	Am Weiher 3 Hesse
Zip Code / Postal Code	63303
Note: Before Transferring payment to the Bank Branch, confirm from the payment receiver, if the Bank Branch is Active
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Whether Bank IBAN Compliant	Yes, PAYMENTGROUP GMBH, is IBAN Compliant.
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SEPA Credit Transfer Status	Account holders of this branch can Receive Payment through SEPA Network
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What is a SWIFT Code / BIC code?

Business Identifier Codes (BIC) has been developed by Society for Worldwide Interbank Financial Telecommunication (SWIFT) to identify banks and financial institutions globally. That is why BIC Codes are also known as SWIFT Codes.SWIFT Codes / BIC Codes are used for transferring money between banks of different countries or SEPA payments. Banks also use these codes for exchanging financial messages.

SWIFT Code / BIC Code is formed of 8 or 11 characters in following system:

First four characters in the SWIFT Code / BIC Code from left depicts bank code. In the case of PAYMENTGROUP GMBH the first four characters from left PAYM indicates that it is PAYMENTGROUP GMBH.
Characters 5-6 from left in the SWIFT Code / BIC Code, depicts Country code of the bank. In the case of PAYMENTGROUP GMBH characters 5 and 6 from left DE indicates that bank is in GERMANY. It means that all the banks located in GERMANY will have DE at 5th and 6th place from left in their Swift Codes / BIC Codes.
Characters 7-8 from left in the SWIFT Code / BIC Code, depicts City Code of the Bank. In the case of PAYMENTGROUP GMBH characters 7 and 8 from left 5F indicates that bank is in DREIEICH. It means that all the branches of PAYMENTGROUP GMBH located in DREIEICH will have 5F at 7th and 8th place from left in their Swift Codes / BIC Codes.
Characters 9-11 from left in the SWIFT Code / BIC Code, depicts Branch Code of the Bank.In the case of PAYMENTGROUP GMBH the length of SWIFT Code is 8 Characters, means PAYMENTGROUP GMBH Head Office of the Financial Institution.
Many Banks has taken only one SWIFT Code per country or have one SWIFT Code per city, for processing International Payments of all the Branches of the country / city through SWIFT enabled branch. So, if your Bank Branch is not depicting in the list, contact your Bank Branch for the SWIFT Code transactions.