SWIFT/BIC code GENODEM1RAE
GENODEM1RAE belongs to Volksbank Raesfeld EG in Raesfeld, Germany.
Code details
| SWIFT/BIC code | GENODEM1RAE |
|---|---|
| 8-character code | GENODEM1 |
| Branch code | RAE |
| Bank | Volksbank Raesfeld EG |
| Branch | — |
| City | Raesfeld |
| Country | Germany |
How the Volksbank Raesfeld 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.
- RAE 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 uses SWIFT/BIC code GENODEM1RAE?
GENODEM1RAE identifies Volksbank Raesfeld EG, part of Volksbank Raesfeld EG in Raesfeld, Germany. Only use it if the account is held at this specific branch.
Does Volksbank Raesfeld EG have only one SWIFT/BIC code?
Yes, GENODEM1RAE is the single SWIFT/BIC code we have for Volksbank Raesfeld EG in Germany, so you do not need to pick a branch code.
What happens if I enter GENODEM1RAE incorrectly?
The payment may be delayed, returned or charged extra fees. Double-check GENODEM1RAE against the details from Volksbank Raesfeld EG before you confirm.
What is the best way to send money to Volksbank Raesfeld EG in Germany?
Banks often add several percent to the exchange rate on top of a fee. Compare what you receive in Euro with specialist providers before you send – the difference can be large.
Can I use GENODEM1 instead of GENODEM1RAE?
GENODEM1 is the main office of Volksbank Raesfeld EG, while GENODEM1RAE points to Volksbank Raesfeld EG. For a normal transfer the head office code is usually fine, but follow the instructions of the recipient if they mention GENODEM1RAE.
What do the letters in GENODEM1RAE mean?
GENO is the institution code of Volksbank Raesfeld EG, DE is the ISO code of Germany, M1 is the location code and RAE identifies the branch Volksbank Raesfeld EG.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.