SWIFT/BIC code GENODEM1HGY
GENODEM1HGY belongs to Maerkische Bank EG in Iserlohn, Germany.
Code details
| SWIFT/BIC code | GENODEM1HGY |
|---|---|
| 8-character code | GENODEM1 |
| Branch code | HGY |
| Bank | Maerkische Bank EG |
| Branch | — |
| City | Iserlohn |
| Country | Germany |
How the Maerkische Bank 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).
- M1 Location code
- 2 characters for the city or region of the head office.
- HGY 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 BIC GENODEM1HGY?
GENODEM1HGY identifies Maerkische Bank EG, a unit of Maerkische Bank EG in Iserlohn, Germany. Only use it if the account is held at this specific branch.
Can I use GENODEM1 instead of GENODEM1HGY?
GENODEM1 is the head office of Maerkische Bank EG, while GENODEM1HGY points to Maerkische Bank EG. Most international transfers work with the head office code, yet use GENODEM1HGY if the recipient asks for it.
What is the cheapest way to send money to Maerkische Bank EG in Germany?
Many banks add several percent to the exchange rate on top of a fee. Compare the amount that arrives in Euro with specialist providers before you send – the difference can be large.
How long does a transfer to Maerkische Bank EG take in Germany?
Euro transfers within SEPA usually arrive within one business day, instant payments within seconds. Transfers in other currencies can take 2–4 business days.
Do I need GENODEM1HGY for a euro transfer to Germany?
Germany is part of the SEPA area. For euro transfers the IBAN normally suffices. For other currencies you still need GENODEM1HGY.
What happens if I use GENODEM1HGY with a typo?
Your transfer can bounce, get stuck or cost extra. Always check GENODEM1HGY with the recipient before you confirm.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.