SWIFT/BIC code GENODEM1RHD
GENODEM1RHD belongs to Volksbank Rhede EG in Rhede, Germany.
Code details
| SWIFT/BIC code | GENODEM1RHD |
|---|---|
| 8-character code | GENODEM1 |
| Branch code | RHD |
| Bank | Volksbank Rhede EG |
| Branch | — |
| City | Rhede |
| Country | Germany |
How the Volksbank Rhede 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.
- RHD 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 GENODEM1RHD?
GENODEM1RHD identifies Volksbank Rhede EG, part of Volksbank Rhede EG in Rhede, Germany. Only use it if the account is held at this specific branch.
What is the cheapest way to send money to Volksbank Rhede EG?
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.
Can I use GENODEM1 instead of GENODEM1RHD?
GENODEM1 is the head office of Volksbank Rhede EG, while GENODEM1RHD points to Volksbank Rhede EG. For a normal transfer the head office code is usually fine, yet follow the instructions of the recipient if they mention GENODEM1RHD.
What do the letters in GENODEM1RHD stand for?
GENO is the institution code of Volksbank Rhede EG, DE is the ISO code of Germany, M1 is the location code and RHD identifies the department Volksbank Rhede EG.
Does Volksbank Rhede EG have only one SWIFT/BIC code?
Yes, GENODEM1RHD is the only SWIFT/BIC code listed for Volksbank Rhede EG in Germany, so there is no branch code to choose.
Do I need GENODEM1RHD for a euro transfer to Germany?
Germany belongs to the SEPA area. For euro transfers the IBAN is usually enough and many banks fill in the BIC automatically. For other currencies you do need GENODEM1RHD.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.