DZ Bank AG (Formerly Wgz Bank AG) SWIFT/BIC code

What GENODEDD means for a payment to DZ Bank AG (Formerly Wgz Bank AG)

If an invoice shows GENODEDD or GENODEDDXXX, it is the identical identifier for DZ Bank AG (Formerly Wgz Bank AG) in Germany. Banks worldwide use BIC codes to direct payments between countries to the right bank. In practice you mostly see the code on international invoices, in payment forms and in the bank details that DZ Bank AG (Formerly Wgz Bank AG) provides.

This page is meant to help anyone who pays into an account at DZ Bank AG (Formerly Wgz Bank AG). The SWIFT code alone does not identify a personal account; that is what the IBAN or account number is for.

Incoming international payments to DZ Bank AG (Formerly Wgz Bank AG)

For an international payment at DZ Bank AG (Formerly Wgz Bank AG), the person paying you has to have not just the BIC. Share the account holder’s name, your account number or IBAN, the BIC GENODEDDXXX and your address, which some banks require.

Some banks want the address of DZ Bank AG (Formerly Wgz Bank AG). A mistake in your account number can be harder to fix than you might think.

What lands in your account can be lower than the amount sent. Correspondent banks can take a fee and your own bank may charge for processing, and if the currency changes, an exchange rate margin applies. Make clear with the sender who covers the fees, especially for larger amounts.

What a transfer from DZ Bank AG (Formerly Wgz Bank AG) abroad really costs

The price of an international transfer is made up of more than one component – not just the fee on your screen. You pay the transfer fee, possibly charges from correspondent banks in between and, most importantly, the margin on the exchange rate.

Most of the cost usually sits in the exchange rate, not in the fee: many banks convert at a rate with a margin built in. Compare the rate you are offered against the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

For a lot of routes, a transfer service turns out to be less expensive than a bank. GoldexPay compares these services side by side so you can see what actually arrives. You can always keep your account at DZ Bank AG (Formerly Wgz Bank AG) as the source of the money, while a cheaper service handles the conversion.

GENODEDD or GENODEDDXXX – which one to use?

Each SWIFT/BIC code starts with the same eight core characters: four letters for the bank, two letters for the country and a two-character location code. Combined, those parts form GENODEDD.

XXX at the end of GENODEDDXXX does not stand for a missing value or an error: it indicates the main office of DZ Bank AG (Formerly Wgz Bank AG). Certain payment forms insist on 11 characters, in which case you simply enter XXX behind GENODEDD.

In practice the code is written in capitals and without spaces. A single character can send the money to another bank.

How to check GENODEDD before you pay

The best place to find the right code is paperwork issued by the bank. If the code you have differs from GENODEDD or GENODEDDXXX, stop and ask.

With a wrong code, the payment may be delayed, be returned or cost extra – sometimes after weeks of searching. Remember the account number: an error there can be more difficult to correct than a wrong code.

A format check in your banking app merely confirms that the code exists. Where available, a name check on the recipient adds an extra layer of safety. A small test payment can be worth it for large sums.

When will the money arrive at DZ Bank AG (Formerly Wgz Bank AG)?

There is no fixed answer for international payments: many land the same day or the next. Payments made after the cut-off time or on weekends and holidays often go out a business day later. Compliance checks on larger or unusual payments can also add some delay.

Many banks are connected to SWIFT gpi for faster and traceable payments. Each gpi transfer gets a unique reference, the UETR, which your bank can use to see where the money is. Save your transfer receipt until the recipient confirms; it contains the details a bank needs to start a trace.

A delayed transfer has to be traced by the sending bank, using the payment confirmation. On the receiving end, you can check your account to see a partial amount, since fees may have been deducted.

SEPA payments and the DZ Bank AG (Formerly Wgz Bank AG) BIC

Germany is part of the Single Euro Payments Area (SEPA). For a regular euro transfer from another SEPA country, you normally only need the IBAN and the BIC is often filled in automatically.

You still need GENODEDDXXX for non-euro payments or transfers from countries outside SEPA. A few forms also show a field for the BIC; in that case, fill in GENODEDD or GENODEDDXXX.

SEPA transfers usually arrive within one business day; instant payments are faster if both banks offer them. Charges on SEPA payments tend to be low.

Scams that use SWIFT codes

Fraudsters regularly send payment requests containing new bank details. That GENODEDD is a real code is no guarantee that a request mentioning it is genuine; criminals use the codes of real banks too.

Do not trust contact details from the same email that announces the new account. Watch out for urgent requests, unusual wording or a sender address that is slightly off. Already paid? Contact your bank without delay and have them try to recall the payment.

Fraud also target the receiver: someone sends too much and asks you to refund the extra. A screenshot of a transfer proves nothing.

The Euro and what conversion costs you

Germany pays in the Euro. A payment in a foreign currency is converted into EUR, and whoever converts it chooses the rate. Every conversion eats into the amount.

Who does the conversion has an effect on how much arrives, since every bank sets its own rate. Compare how much EUR the recipient gets via different services.

The EUR rate changes throughout the day and quotes are often valid only for a short time. With bigger transfers, a seemingly small gap in the rate can be worth more than the fee.

Choosing between the 2 SWIFT codes of DZ Bank AG (Formerly Wgz Bank AG)

We have 2 SWIFT/BIC codes for DZ Bank AG (Formerly Wgz Bank AG) in 2 places. Besides the head office code GENODEDDXXX, there are codes for regional offices and specialised units.

Unless the recipient tells you otherwise, use GENODEDDXXX. Just use a branch code when the recipient gives you that exact code, for example on an invoice or in their bank details.

Not sure which code applies? Check with the recipient. Branch codes are sometimes changed or retired over time, so do not rely on old paperwork.

How up to date is this code?

This directory is based on publicly available sources and is updated regularly. Still, banks merge, rename themselves or change codes. Figures such as the number of codes come from our own dataset and may differ from what DZ Bank AG (Formerly Wgz Bank AG) publishes.

Use this page as a starting point, rather than as the final word: the recipient’s bank details come first. We are an independent comparison site and not affiliated with DZ Bank AG (Formerly Wgz Bank AG). Spotted outdated information? Let us know via our contact form so we can correct it.