Volksbank Vorarlberg E.gen. SWIFT/BIC code

VOVBAT2B – the SWIFT/BIC code of Volksbank Vorarlberg E.gen.

If an invoice shows VOVBAT2B or VOVBAT2BXXX, you are looking at the identical identifier for Volksbank Vorarlberg E.gen. in Austria. A BIC has a single purpose: it ensures that money from abroad reaches the right bank. It comes up mainly for payments that cross a border.

Below we go through the practical questions: receiving money at Volksbank Vorarlberg E.gen., paying someone in another country and how to verify a SWIFT code before you hit send. The BIC names a bank or branch, never a specific account, which is why you always need the account number too.

International transfers from Volksbank Vorarlberg E.gen.: the real cost

The price of a payment abroad is made up of more than one component, and the transfer fee is only the most visible one. Besides the transfer fee, correspondent or intermediary banks may deduct a fee, and when currencies are converted the bank often uses a rate below the actual market rate.

Most of the cost usually sits in the exchange rate, not in the fee: the bank converts at a rate that includes a margin. Compare the rate you are offered with the mid-market rate, the midpoint between buy and sell rates you see on financial sites.

Money transfer services frequently use rates closer to the mid-market rate and lower fees. Next time you send money, it is worth to compare what arrives on GoldexPay. You can still use your account at Volksbank Vorarlberg E.gen. to fund the transfer; only the conversion and sending happen elsewhere.

Before you send: check the Volksbank Vorarlberg E.gen. code

The most reliable place for the correct BIC is paperwork issued by the bank like a bank statement or the account page in online banking. If the code you have differs from VOVBAT2B or VOVBAT2BXXX, stop and ask – contact the recipient or Volksbank Vorarlberg E.gen..

Mistakes in the BIC tend to be costly rather than disastrous: often the payment comes back, minus fees. Remember the IBAN: a mistake there is harder to undo than a wrong BIC.

Most online banking apps validate the structure of an IBAN, but that does not prove the account belongs to the right person. Some banks now compare the name against the account; take any warning seriously. Sending a small amount first can be a sensible step for a large first payment despite the extra fee.

The Euro and what conversion costs you

The currency in Austria is the Euro (EUR). If you send another currency gets converted at some point – by your bank, by Volksbank Vorarlberg E.gen. or by a bank in between. You rarely see a separate line for that conversion; it is built into the rate.

Which bank converts the payment makes a difference: every bank has its own margin. Compare what EUR arrives via several providers.

The EUR rate fluctuates throughout the day. On larger amounts, even small difference in the rate can be worth more than the fee.

Which of the 15 codes of Volksbank Vorarlberg E.gen. do you need?

Having 15 codes in 15 cities, Volksbank Vorarlberg E.gen. belongs to the banks that use separate codes for parts of the organisation and departments. The head office code remains VOVBAT2BXXX.

If nobody asks you for a branch code, use VOVBAT2BXXX or its short form VOVBAT2B. Only use a branch code when the account holder gives you that exact code.

Not sure which code applies? Check with the recipient, or look at a recent statement from Volksbank Vorarlberg E.gen.. Branch codes are more likely to be retired than VOVBAT2BXXX.

VOVBAT2B or VOVBAT2BXXX – which one to use?

A BIC is made up of a few fixed parts: the first four letters identify the bank, characters five and six give the country and the two after that mark the location. Together, those parts make up VOVBAT2B, the code most people search for.

The 11-character version adds three more characters that identify a branch or department. When those three characters are XXX, they simply mean the head office.

Do not add spaces when you type VOVBAT2B; the code is always written in one block. Copying the code beats retyping it, because one wrong letter changes the bank.

About this information

The details on this page are taken from public sources. Still, banks merge, rename themselves or retire codes. The number of codes we show reflect our own data.

Use this page as a reference, not as the last word. GoldexPay is an independent comparison service for money transfers and not part of Volksbank Vorarlberg E.gen.. Should you notice a mistake, we appreciate a short note.

Changed bank details? Be careful

Criminals often use fake invoices with changed bank details. A real SWIFT code says nothing about whether the request is genuine.

Always verify a change of bank details through a phone call on a number you know, not one from the message. Be suspicious of urgent requests, odd spelling or an email address that differs by one letter. Already paid? Call the bank you paid from straight away and ask them to start a recall and report the fraud.

Recipients are targeted too: one known trick is a buyer who pays too much and then sends a request to send back the difference. A screenshot of a transfer proves nothing – check your own account.

Paying Volksbank Vorarlberg E.gen. in euros within SEPA

Within the SEPA zone, euro payments to an account in Austria use common rules and in most cases need only the IBAN. The BIC field is usually optional or missing for those payments.

For anything other than euros and from non-SEPA countries, VOVBAT2BXXX or VOVBAT2B remains required. Some forms also show a field for the BIC; if so, fill in VOVBAT2B.

Euro payments within SEPA usually arrive within one business day, and instant transfers in seconds where both banks support them. As long as the payment stays in euros, the transfer tends to be cheap; it is the conversion that costs money.

When will the money arrive at Volksbank Vorarlberg E.gen.?

An international transfer typically needs one to a few business days, depending on the currency, the route and the banks involved. Payments made after the cut-off time or just before a weekend or public holiday often start a business day later. Compliance checks on larger or unusual payments can also add some delay, even when all details are correct.

Many banks use SWIFT gpi. Every gpi transfer gets a unique reference, the UETR that banks can use to trace it. Specialist transfer services usually show tracking online so you can see where the payment has got.

If a payment has not arrived within the expected time, the person who paid should start with the bank that sent it rather than Volksbank Vorarlberg E.gen.. Request from the sender a copy of the payment confirmation; that often settles the question quickly.

Getting paid from abroad into a Volksbank Vorarlberg E.gen. account

A sender in another country will ask for several details from you. Give them the account holder’s name, the IBAN or account number, SWIFT code VOVBAT2BXXX and your address, which some banks require.

Their bank may request the bank address of Volksbank Vorarlberg E.gen.. A typo in the IBAN can be more trouble than it looks, so copy the details from your online banking.

Expect that the incoming amount is below the amount on the sender’s receipt. Charges on incoming payments vary from bank to bank; check the price list of Volksbank Vorarlberg E.gen.. Agree with the sender who pays which costs, especially for larger amounts.