SWIFT/BIC code GENODEF1MBG
GENODEF1MBG belongs to Volksbank Mittleres Erzgebirge EG in Olbernhau, Germany.
Code details
| SWIFT/BIC code | GENODEF1MBG |
|---|---|
| 8-character code | GENODEF1 |
| Branch code | MBG |
| Bank | Volksbank Mittleres Erzgebirge EG |
| Branch | — |
| City | Olbernhau |
| Country | Germany |
How the Volksbank Mittleres Erzgebirge EG SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- GENO Bank code
- 4 letters that identify the bank.
- DE Country code
- 2 letters for the country (ISO 3166).
- F1 Location code
- 2 characters for the city or region of the head office.
- MBG Branch code
- 3 characters for a specific branch. XXX means the head office.
Check before you send
- Ask the recipient which bank and branch the account is held at.
- Use the head office code (XXX) when no branch is specified.
- Make sure the country in the code matches the country of the account.
Frequently asked questions
What bank is behind SWIFT/BIC code GENODEF1MBG?
GENODEF1MBG identifies Volksbank Mittleres Erzgebirge EG, a unit of Volksbank Mittleres Erzgebirge EG in Olbernhau, Germany. Only use it if the account is held at this specific branch.
What happens if I enter GENODEF1MBG incorrectly?
The payment may be delayed, returned or charged extra fees. Always check GENODEF1MBG against the details from Volksbank Mittleres Erzgebirge EG before you confirm.
Do I need GENODEF1MBG for a euro transfer to Germany?
Germany belongs to the SEPA area. When you send euros the IBAN is usually enough. For other currencies you still need GENODEF1MBG.
How long does it take to send money to Volksbank Mittleres Erzgebirge EG in Germany?
SEPA payments in euros usually arrive within one business day. Transfers in other currencies can take 2–4 business days.
Can I use GENODEF1 instead of GENODEF1MBG?
GENODEF1 points to the head office of Volksbank Mittleres Erzgebirge EG, while GENODEF1MBG is Volksbank Mittleres Erzgebirge EG. For a normal transfer the head office code is usually fine, yet use GENODEF1MBG if the recipient asks for it.
What is the best way to send money to Volksbank Mittleres Erzgebirge EG in Germany?
Banks often add several percent to the exchange rate on top of a fee. Check the amount that arrives in Euro with transfer services before you send – the difference can be large.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.