What is the Vietinbank SWIFT code?

Decoding VietinBank’s International Transactions: Understanding the SWIFT Code ICBVDEFF

Navigating the world of international finance can be complex, particularly when dealing with cross-border payments. A crucial element in this process is the SWIFT code, a unique identifier that allows banks to seamlessly transfer funds globally. For VietinBank, one of Vietnam’s largest commercial banks, understanding their SWIFT code is essential for anyone conducting international transactions involving this institution.

While VietinBank operates numerous branches across Vietnam and potentially internationally, the SWIFT code ICBVDEFF specifically identifies their branch located at Grueneburgweg 16-18, Frankfurt, Germany. This eight-character alphanumeric code is the key identifier used by correspondent banks to route international wire transfers to this particular VietinBank location.

It’s crucial to understand that this specific SWIFT code, ICBVDEFF, is not universally applicable to all VietinBank branches. If you are sending or receiving money to a different VietinBank branch, you will require a different SWIFT code. Attempting to use ICBVDEFF for a branch other than the Frankfurt office will likely result in delays or failed transactions. Always confirm the correct SWIFT code with your VietinBank branch or your intermediary bank before initiating any international transfer.

To ensure a smooth and efficient international transaction with VietinBank, always double-check the recipient’s exact branch location and obtain the corresponding SWIFT code directly from the bank or your financial institution. Incorrect SWIFT codes can lead to significant delays, additional fees, and even the failure of the entire transaction. Therefore, accurate information is paramount for successful international banking. This article serves as a guide to understanding the significance of the ICBVDEFF SWIFT code for the Frankfurt branch of VietinBank, highlighting the importance of verifying SWIFT codes for all international transactions involving this institution.