Norddeutsche Landesbank International Transfers & Exchange Rates
Norddeutsche Landesbank is one of the biggest commercial banks in Germany with total assets in the range of 160 billion Euros. The headquarters are located in Hanover, Germany and the CEO is Thomas Burkle. They have 6,453 employees and provide a variety of financial services since they were established in 1970.
About Norddeutsche Landesbank
NORD/LB maintains branch offices in all major financial cities, including London, Singapore and New York City. NORD/LB is Germany's largest bank for national and international bond issues.
Bank Pekao Exchange Rates and Transfer Fees
Exchange Rates
Norddeutsche Landesbank offers customers advice on how to handle their finances based on currency volatility. However, the exchange rate for money transfers across borders is steep compared to 3rd party services. When sending money in currencies other than EUR it will cost 15EUR or 1.5% of the transfer amount. You can choose international money transfer services to reduce the fees due to exchange rates. Use https://moneytransfers.com/send-money/germany to find the best service for your needs.
Transfer Fees
Banks such as Norddeutsche Landesbank are subject to high fees when sending money internationally. You can view the fees on page 12 of this PDF. You’ll see the fees increase if you want to reduce the transfer time or have special instructions.
The fees can add up if you need to send money regularly. Therefore, it’s a good idea to take advantage of money transfer services such as Payoneer or Western Union. The minimal fees when sending money mean you save a lot of money.
Additional Costs
You will need to pay between 7EUR and 25EUR for monthly account maintenance depending on the type. However, there is no fee for getting your first debit card. Subsequent debit cards cost 7.5EUR each. Also, foreign currency accounts require a monthly payment of 7.5EUR and you need to pay 1EUR for monthly statements.
How Do Norddeutsche Landesbank Transfer Fees Compare to Using a Money Transfer Provider?
Compared to the transfer fees of Norddeutsche Landesbank you will save a lot using a money transfer provider. Customers that send money regularly will save the most. The fees can stack up to hundreds of Euros that you can save by taking the time to select a competitive money transfer service.
Norddeutsche Landesbank Pros and Cons
Pros
Cons
Norddeutsche Landesbank Swift Codes
| Bank | Country | City |
|---|---|---|
| Norddeutsche Landesbank Girozentrale Shanghai Branch | China | Shanghai |
| Nordinvest Norddeutsche Investment Gesellschaft Mit Beschrankter Haftung | Germany | Hamburg |
| Lbs Norddeutsche Landesbausparkasse | Germany | Hannover |
| Norddeutsche Landesbank Girozentrale | Germany | Hannover |
| Norddeutsche Landesbank Luxembourg Sa | Luxembourg | Findel |
| Norddeutsche Landesbank Girozentrale | Singapore | Singapore |
| Norddeutsche Landesbank Girozentrale | Usa | New York Ny |
How to Open an Account and Transfer Money With Norddeutsche Landesbank on the Website
It is possible to open a bank account at Norddeutsche Landesbank by filling out the PDF document. You will need to provide your personal information and have an ID. If you are stuck with the application process contact support to get answers and move the application process along.
Transferring Money
You need to login into your account to send money using Norddeutsche Landesbank. Domestic transactions require an IBAN number and the recipient’s name. When sending money internationally you’ll also need the SWIFT code and receiving bank’s address.
Can I Use Norddeutsche Landesbank for International Bank Transfers?
It’s possible to send money and receive money using Norddeutsche Landesbank. You’ll need to use a SWIFT code when sending and receiving funds internationally.
The SWIFT code for Norddeutsche Landesbank is NOLADE2HXXX and the bank address is NORDDEUTSCHE LANDESBANK GIROZENTRALE, FRIEDRICHSWALL 10, HANNOVER, Germany.
Additional Information
Has 8 branches in cities across Germany such as Munich, Hanover, Hamburg and Bremen
Underwent restructuring in 2016
Public corporation with the majority owned by federal states
Offers aircraft and real estate financing
Summary
Norddeutsche Landesbank is a publicly owned bank that offers various services. The range of financial services includes corporate banking, private banking, real estate financing, aircraft financing and more. It has 8 branches in Germany with none to be found intentionally.
The currency conversion and transfer fees at Norddeutsche Landesbank are high compared with money transfer services. To save money use alternatives such as Western Union and Xoom. They also process transactions faster so you can get your funds instantly.
