SWIFT/BIC code GENODEM1OLB
GENODEM1OLB belongs to Volksbank Ostlippe EG in Blomberg (Lippe), Germany.
Code details
| SWIFT/BIC code | GENODEM1OLB |
|---|---|
| 8-character code | GENODEM1 |
| Branch code | OLB |
| Bank | Volksbank Ostlippe EG |
| Branch | — |
| City | Blomberg (Lippe) |
| Country | Germany |
How the Volksbank Ostlippe 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.
- OLB 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 uses SWIFT/BIC code GENODEM1OLB?
GENODEM1OLB identifies Volksbank Ostlippe EG, a unit of Volksbank Ostlippe EG in Blomberg (Lippe), Germany. Only use it if the recipient or their bank explicitly asks for it.
What is the cheapest way to send money to Volksbank Ostlippe EG in Germany?
Many banks add 1–3% to the exchange rate on top of a fee. Compare the amount that arrives in Euro with transfer services before you send – the difference can be large.
Do I need GENODEM1OLB 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 GENODEM1OLB.
How long does it take to send money to Volksbank Ostlippe EG in Germany?
Euro transfers within SEPA usually arrive within one business day, instant payments within seconds. Transfers in other currencies can take 1–3 business days.
What does each part of GENODEM1OLB mean?
GENO is the institution code of Volksbank Ostlippe EG, DE stands for Germany, M1 is the code for the city or region and OLB is the code of the branch Volksbank Ostlippe EG.
What happens if I enter GENODEM1OLB with a typo?
Your transfer can bounce, get stuck or cost extra. Always check GENODEM1OLB with the recipient before sending.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.