SWIFT/BIC code GENODEM1OTR
GENODEM1OTR belongs to Volksbank Ochtrup EG in Ochtrup, Germany.
Code details
| SWIFT/BIC code | GENODEM1OTR |
|---|---|
| 8-character code | GENODEM1 |
| Branch code | OTR |
| Bank | Volksbank Ochtrup EG |
| Branch | — |
| City | Ochtrup |
| Country | Germany |
How the Volksbank Ochtrup EG SWIFT/BIC is structured
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.
- OTR 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 code GENODEM1OTR?
The code GENODEM1OTR belongs to Volksbank Ochtrup EG, a unit of Volksbank Ochtrup EG in Ochtrup, Germany. Use this branch code only when the account is held at this specific branch.
What is the cheapest way to send money to Volksbank Ochtrup EG?
Banks often add 1–3% to the exchange rate on top of a fee. Check what you receive in Euro with specialist providers before you send.
Can I use GENODEM1 instead of GENODEM1OTR?
GENODEM1 is the head office of Volksbank Ochtrup EG, while GENODEM1OTR is Volksbank Ochtrup EG. For a normal transfer the head office code is usually fine, yet use GENODEM1OTR if the recipient asks for it.
Do I need GENODEM1OTR for a euro transfer to Germany?
Germany belongs to the SEPA area. For euro transfers the IBAN is usually enough. For other currencies you still need GENODEM1OTR.
How long does it take to send money to Volksbank Ochtrup EG in Germany?
SEPA payments in euros normally arrive the next business day, instant payments within seconds. Transfers in other currencies can take 2–4 business days.
What happens if I use GENODEM1OTR with a typo?
Your transfer can bounce, get stuck or cost extra. Double-check GENODEM1OTR 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.