SWIFT/BIC code GENODEF1MD1
GENODEF1MD1 belongs to Volksbank Magdeburg EG in Magdeburg, Germany.
Code details
| SWIFT/BIC code | GENODEF1MD1 |
|---|---|
| 8-character code | GENODEF1 |
| Branch code | MD1 |
| Bank | Volksbank Magdeburg EG |
| Branch | — |
| City | Magdeburg |
| Country | Germany |
How the Volksbank Magdeburg EG SWIFT/BIC is built up
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.
- MD1 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
Which branch uses SWIFT/BIC code GENODEF1MD1?
GENODEF1MD1 identifies Volksbank Magdeburg EG, part of Volksbank Magdeburg EG in Magdeburg, Germany. Only use it if the recipient or their bank explicitly asks for it.
Do I need GENODEF1MD1 for a euro transfer to Germany?
Germany belongs to the SEPA area. For euro transfers the IBAN normally suffices. If you send another currency you do need GENODEF1MD1.
How long does it take to send money to Volksbank Magdeburg EG?
Euro transfers within SEPA usually arrive within one business day. Payments in other currencies can take 1–3 business days.
What do the letters in GENODEF1MD1 mean?
GENO is the bank code of Volksbank Magdeburg EG, DE stands for Germany, F1 is the location code and MD1 is the code of the department Volksbank Magdeburg EG.
What happens if I enter GENODEF1MD1 with a typo?
The payment may be delayed, returned or charged extra fees. Always check GENODEF1MD1 with the recipient before sending.
What is the cheapest way to send money to Volksbank Magdeburg EG in Germany?
Many banks add several percent to the exchange rate on top of a fee. Compare what you receive in Euro with specialist providers before you send.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.