Evenord-Bank SWIFT/BIC code

GENODEF1 – the SWIFT/BIC code of Evenord-Bank

The 8-character code GENODEF1 and the full code GENODEF1N0Y identify one and the same institution: Evenord-Bank, with its head office in Fuerth. The code does one job: it ensures that a cross-border transfer reaches the right bank. You will need it mainly for payments that cross a border and payments in foreign currencies.

Below we go through the practical questions: money coming in from abroad, sending money abroad and how to check the code before you confirm a payment. The BIC identifies a bank or branch, never a single account.

When will the money arrive at Evenord-Bank?

How fast a payment arrives at Evenord-Bank is determined by several factors: which currency you send, the number of banks in between, daily processing deadlines and differences in time zone. Transfers sent late in the day or just before weekends and holidays often go out a business day later. Extra checks by one of the banks can also cause a delay, even when all details are correct.

When a payment takes longer than expected, ask the sending bank for the status so they can trace it along the chain. Specialist transfer services usually provide tracking in their app so you can see where the money has got.

A delayed transfer has to be investigated from the sending side, using the payment confirmation. Request from the sender the payment receipt with the date and reference – it helps your own bank look for the money.

The Euro and what conversion costs you

The local currency in Germany is the Euro (EUR). A payment in a foreign currency will be exchanged into EUR, and whoever converts it chooses the rate. Every conversion eats into something.

Where the conversion happens affects the final amount, since every bank sets its own rate. In many cases you pay less to send EUR directly via a provider with a good rate.

The EUR rate fluctuates constantly, so the amount you see is usually only valid for a short time. For recurring payments, small differences in the rate add up over time.

International transfers from Evenord-Bank: the real cost

The price of a payment abroad is made up of several parts – not just the fee on your screen. You pay the transfer fee, possibly charges from correspondent banks along the way and, most importantly, the exchange rate markup.

The markup on the rate tends to be the largest item even though it is not listed as a fee. Compare their rate against the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

For many routes, a transfer service turns out to be less expensive than a bank, mainly because of the exchange rate. GoldexPay compares what recipients receive across providers, so you can pick the cheapest route. Using a transfer service does not mean leaving Evenord-Bank.

Choosing between the 2 SWIFT codes of Evenord-Bank

We have 2 SWIFT/BIC codes for Evenord-Bank. Besides the head office code GENODEF1N0Y, you will find codes for branches, departments or specific services.

If nobody asks you for a branch code, go with GENODEF1N0Y. A branch code only makes sense if the account holder explicitly asks for it.

If you are not sure, ask the person you are paying for the exact BIC in their bank details. Codes for branches are more likely to be retired than the head office code when a bank merges or closes offices.

SEPA payments and the Evenord-Bank BIC

Germany is part of the SEPA area. When you send euros from another SEPA country, you normally only need the IBAN; many banks no longer ask for the BIC.

You will still need GENODEF1N0Y when sending payments in other currencies or money from outside the SEPA area. If your banking app asks for the BIC regardless, adding GENODEF1 is fine.

Euro payments within SEPA normally land within one business day. As long as the payment stays in euros, a SEPA transfer tends to be inexpensive; it is the conversion that costs money.

Receiving money from abroad at Evenord-Bank

A sender in another country will ask for several details about your account – incomplete details often cause delays. Share the account holder’s name, your account number or IBAN, SWIFT code GENODEF1N0Y and your address.

Certain banks want the bank’s address in Fuerth, so keep it at hand. A mistake in your account number is more trouble than it looks, so copy the details from your online banking.

Expect that the incoming amount is below what the sender paid. Fees for incoming transfers differ per bank. Make clear with the sender who covers the fees before the money is sent.

What the XXX in GENODEF1N0Y means

A SWIFT code is built from fixed blocks: the first four letters stand for the bank, characters five and six give the country and characters seven and eight mark the location. That gives you GENODEF1 for Evenord-Bank.

XXX at the end of GENODEF1N0Y is not a missing value or an error: it stands for the head office of Evenord-Bank. Some banking apps insist on 11 characters, in which case you can add XXX after GENODEF1.

As a rule the code is written in capitals. Pasting the code is safer than retyping it.

Protect yourself against fake payment requests

A common scam goes like this: you receive a request saying that a supplier has a new bank account. That GENODEF1 is a real code is no guarantee that a request mentioning it is legitimate.

Never trust a phone number in the same message that contains the change. Be suspicious of urgent requests, odd spelling or a sender address that is slightly off. Already paid? Call the bank you paid from straight away and have them start a recall.

Recipients can be targeted as well: a classic trick is a buyer who pays too much followed by a request to send back the difference abroad. Wait until the money is actually in your account.

How up to date is this code?

We gather bank codes using publicly available data and check them from time to time. Even so, banks merge, rename themselves or retire codes, so information can be out of date. The figures on this page are based on our own data, not official figures from Evenord-Bank.

Treat the information on this page as a handy check, and let the details from the recipient or Evenord-Bank have the final say. GoldexPay is a comparison service for money transfers and not affiliated with Evenord-Bank. If you notice a mistake, we welcome a message via the contact page.

Is GENODEF1 still correct? How to check

Have the recipient copy their bank details straight from a recent statement. Compare that code against GENODEF1 here.

A wrong SWIFT code may lead to a delay, a payment being sent back or extra fees for investigation. An error in the IBAN or account number is more serious because it can reach the wrong person, so check that just as carefully.

A format check by your bank only tells you that the code exists, not that it is the right account. Where available, a name check on the recipient gives extra certainty. Sending a small amount first can be worth it for a large first payment, even if it costs an extra fee.