TUI AG

TUI AG (trading as TUI Group) is a German multinational leisure, travel and tourism company; it is the largest such company in the world.[2][3] TUI is an acronym for Touristik Union International ("Tourism Union International"). TUI AG was known as Preussag AG until 1997 when the company changed its activities from mining to tourism. It is headquartered in Hanover, Germany,[4] and trading on the Frankfurt Stock Exchange and Hanover Stock Exchange.

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TUI AG SWIFT Code

Country

City

Bank or Institution

SWIFT Code

Germany

HANNOVER

TUIUDE2H

Germany

HANNOVER

TUIUDE2HXXX

Total: 2
1

About TUI AG

Company type
Public ( Aktiengesellschaft )
Industry
Hospitality , tourism
Founded
1923 ; 102 years ago ( 1923 )
Headquarters
Hanover and Berlin , Germany
Key people
Dieter Zetsche (Chairman of the Supervisory Board) Sebastian Ebel (CEO)
Products
Charter and scheduled passenger airlines , package holidays , cruise lines , hotels and resorts
Revenue
€20,665.9 million (2023) [ 1 ]
Number of employees
58,342 (2023) [ 1 ]
Website
tuigroup.com

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What is a SWIFT code?

A SWIFT code is an 8 or 11 character code used in banking to facilitate transactions and identify the bank.

What is the purpose of a SWIFT code in international transactions?

SWIFT codes are used to route international financial transactions to the correct bank and branch. It facilitates the smooth and accurate transfer of funds between different banks and countries, ensuring that the transactions are processed correctly and securely.

How do I find my bank's SWIFT code?

You can find your bank's SWIFT/BIC code in the statements of your bank account. You can also use our SWIFT/BIC finder to get the right code for your transfer.

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Frequently Asked Questions

1. Why does TUI AG have different SWIFT Codes?

TUI AG operates differently across various countries, regions, and branches, with variations in business operations and clearing paths. To accurately identify and process TUI AG's cross-border payments and other transactions, different SWIFT Codes are used for distinction. Many large multinational banks have unique SWIFT Codes to their headquarters, regional branches, and overseas subsidiaries to ensure precise and secure fund transactions.

2. How do I know which SWIFT Code of TUI AG to use in a transfer?

It depends on the specific business scenario. For cross-border remittance to a branch of TUI AG, you can log on to the official website of TUI AG, or search the current page of XTransfer, or call TUI AG to inquire about the SWIFT Code of the branch. For international business, you should first coordinate with the relevant branch in the target country and confirm the correct SWIFT Code based on the exact information provided by your business partner.

3. Is there any pattern in the composition of different SWIFT Codes for a multinational bank like TUI AG?

Usually, SWIFT Code consists of 8 or 11 characters. For TUI AG, the first 4 digits represent the bank code, which is the same for TUI AG worldwide; the 5th and 6th digits are the country code; and the 7th and 8th digits are the region code, which will be different for branches in various regions. If the code includes 11 digits, the last 3 digits represent the branch code, which is used to distinguish different branches within the same region.

4. Will the SWIFT Code for TUI AG be updated or changed?

Yes. When TUI AG undergoes an organizational restructuring, such as a branch relocation, merger or split, or when there is a significant change in the financial system of the region where TUI AG is located, its SWIFT Code may be updated and changed. TUI AG will announce the changes in advance through its official website, mobile banking APP and other channels. Therefore, when handling cross-border business, customers should pay attention to the announcement of TUI AG in time to confirm the latest SWIFT Code information, so as to avoid affecting the business.

5. Do different SWIFT Codes of TUI AG support the same scope of business?

The scope of business is different. While the same bank can operate with different SWIFT Codes for the same basic types of business, there are differences for some specialized businesses or for businesses in specific regions. For example, the SWIFT Code of some branches may be specialized to support trade finance business, while the SWIFT Code of other branches is more convenient for cross-border e-commerce collection. In addition, for some emerging markets or country-specific business, only the SWIFT Code of a particular branch may have the authority to process it. When conducting international business, it is important to check whether the SWIFT Code of TUI AG supports the corresponding business.