Ffs Bank GMBH SWIFT/BIC code

Ffs Bank GMBH SWIFT code: GENODED1

The short code GENODED1 and the 11-character code GENODED1FFS refer to one and the same institution: Ffs Bank GMBH in Stuttgart, Germany. A SWIFT code shows the sending bank exactly which bank should receive the money, much like a postcode for banks. In practice you mostly see it on invoices from abroad, in payment forms and in the bank details that Ffs Bank GMBH provides.

Further down we go through the practical side: receiving money at Ffs Bank GMBH, sending money abroad and how to verify a SWIFT code before you confirm a payment. The BIC identifies a bank or branch, never a specific account; the IBAN or account number does that.

Euro transfers to Ffs Bank GMBH: is a BIC needed?

Inside SEPA, euro payments to Ffs Bank GMBH follow common rules, so the IBAN does the job in most cases. A field for the BIC is usually optional or missing in that case.

You will still need GENODED1FFS for payments in other currencies or transfers from countries outside SEPA. If your banking app asks for the BIC anyway, entering GENODED1 does no harm.

SEPA transfers normally land within one business day. Provided no currency is converted, the transfer tends to be cheap; costs rise once a conversion is involved.

Which of the 2 codes of Ffs Bank GMBH do you need?

With 2 codes in 1 locations, Ffs Bank GMBH is one of the banks that use separate codes for parts of the organisation and departments. The head office code remains GENODED1FFS.

Usually there is no need to look up a branch: transfers sent to GENODED1FFS are routed within Ffs Bank GMBH without problems. Branch codes are only needed when the recipient’s bank specifically mentions it, which is more common for corporate accounts and trade services.

When in doubt, check with the recipient for the exact BIC in their bank details. Codes for branches are more prone to change than the head office code.

Where our SWIFT data comes from

The directory on GoldexPay is compiled from publicly available sources and we update it periodically. It can happen that a code on this page is out of date after a merger or reorganisation. The figures we show reflect what is in our directory, not official figures from Ffs Bank GMBH.

See our directory here as a handy check, and let the details from the recipient or Ffs Bank GMBH have the final say. GoldexPay is a comparison site and not affiliated with Ffs Bank GMBH. If you notice a mistake, we welcome a short note.

Paying someone abroad from your Ffs Bank GMBH account

A bank transfer abroad can cost more than the listed fee. Besides a fixed fee, correspondent or intermediary banks can deduct a fee, and if currencies are converted the bank often uses a rate that is less favourable than the real market rate.

Many banks do not show their exchange rate markup separately – you only notice it if you compare. A simple test: set the rate you get next to the mid-market rate for the same moment and look at the difference.

Money transfer services often use rates closer to the mid-market rate with clearer fees. GoldexPay compares transfer providers next to each other, showing what actually arrives for the same amount sent. You can always keep your account at Ffs Bank GMBH; only the conversion and sending happen elsewhere.

How long does an international transfer to Ffs Bank GMBH take?

How quickly a transfer arrives at Ffs Bank GMBH is determined by several factors: the currency, the number of banks in between, daily processing deadlines and differences in time zone. Payments made after the cut-off time or just before a weekend or public holiday often start a business day later. Occasionally a bank wants to know what the payment is for, which can hold things up.

A growing number of banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Every payment gets a unique transaction reference, the UETR that banks can use to trace it. Specialist transfer services often show tracking in their app showing how far the payment has got.

Only the sending bank can request a trace or a recall – the recipient’s bank often cannot see a payment that has not arrived. Ask the sender for a copy of the payment confirmation; that often settles the question quickly.

Euro (EUR) and conversion costs

Germany pays in the Euro (EUR). When you pay money in a different currency, the amount has to be converted at some point – by your bank, by Ffs Bank GMBH or by a bank in between. Each conversion eats into something – usually through the rate rather than a fee.

Who converts the money makes a difference. Compare how much EUR arrives with different services.

The EUR rate fluctuates constantly and quotes are often valid only for a short time. On larger amounts, even small difference in the rate adds up quickly.

How to check GENODED1 before you pay

The best place to find the correct BIC remains paperwork issued by the bank. Compare it with GENODED1 here and ask if anything does not match.

A wrong SWIFT code may lead to a delay, a returned payment or additional charges for investigation. An error in the IBAN or account number is more serious.

A format check in your banking app merely tells you that the IBAN is valid, not that it is the right account. If your bank offers it, a name check on the recipient gives extra certainty. For a first payment, many people send a small test amount.

Getting paid from abroad into a Ffs Bank GMBH account

A sender in another country will ask for several details from you. The basics are: your name, IBAN or account number, GENODED1FFS and often your postal address.

It helps to include Ffs Bank GMBH and Stuttgart too, since some forms ask for it. A mistake in your account number is more trouble than it looks; copy them from your banking app rather than typing.

What lands in your account can be lower than what was sent. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the money is converted, a markup on the rate applies. On invoices, it is common to agree how the fees are split, so that nobody is left short.

Why Ffs Bank GMBH has an 8- and an 11-character code

A SWIFT code is made up of a few fixed parts: characters one to four stand for the bank, characters five and six show the country and characters seven and eight mark the location. For Ffs Bank GMBH, the 8-character core is GENODED1.

XXX at the end of GENODED1FFS is not a placeholder or a mistake: it stands for the main office of Ffs Bank GMBH. Certain payment forms insist on 11 characters, and then you can enter XXX behind GENODED1.

Do not add spaces, dots when you enter GENODED1 or GENODED1FFS. Copying the code beats typing it by hand.

Changed bank details? Be careful

A common scam goes like this: an email arrives with a request saying that a company now has new bank details and that the next payment should go there. A real SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Verify changed payment details via a separate channel. Watch out for time pressure, unusual wording or a sender address that is slightly off. Already paid? Call the bank you paid from straight away and have them start a recall and report the fraud.

Fraud also target the receiver. Someone sends too much and asks you to return the extra. Do not act before the money has really arrived and check with Ffs Bank GMBH if anything seems off.