SWIFT/BIC code GENODEM1LAE
GENODEM1LAE belongs to Volksbank Laer EG in Laer, Germany.
Code details
| SWIFT/BIC code | GENODEM1LAE |
|---|---|
| 8-character code | GENODEM1 |
| Branch code | LAE |
| Bank | Volksbank Laer EG |
| Branch | — |
| City | Laer |
| Country | Germany |
How the Volksbank Laer 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).
- M1 Location code
- 2 characters for the city or region of the head office.
- LAE 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 bank is behind BIC GENODEM1LAE?
The code GENODEM1LAE belongs to Volksbank Laer EG, a unit of Volksbank Laer EG in Laer, Germany. Only use it if the recipient or their bank explicitly asks for it.
Can I use GENODEM1 instead of GENODEM1LAE?
GENODEM1 points to the main office of Volksbank Laer EG, while GENODEM1LAE is Volksbank Laer EG. For a normal transfer the head office code is usually fine, but use GENODEM1LAE if the recipient asks for it.
What is the cheapest way to send money to Volksbank Laer EG in Germany?
Many banks 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.
Do I need GENODEM1LAE to send euros to Germany?
Germany is part of the SEPA area. For euro transfers the IBAN is usually enough. For other currencies you still need GENODEM1LAE.
How long does it take to send money to Volksbank Laer EG?
Euro transfers within SEPA normally arrive the next business day, instant payments within seconds. Transfers in other currencies can take 2–4 business days.
Does Volksbank Laer EG have a single SWIFT/BIC code?
Yes, GENODEM1LAE is the single SWIFT/BIC code listed for Volksbank Laer EG in Germany, so you do not need to pick a branch code.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.