Ostfriesische Volksbank EG SWIFT/BIC code

SWIFT/BIC code of Ostfriesische Volksbank EG

The short code OSVODE81 and the full code OSVODE81XXX refer to the same bank: Ostfriesische Volksbank EG, with its head office in Emden. Every bank on the SWIFT network uses these codes to direct international transfers to the correct bank. You will need it mainly when dealing with payments that cross a border and payments in foreign currencies.

We wrote this page to help anyone who receives money at an account at Ostfriesische Volksbank EG. Remember that the BIC only identifies the bank, not the person: the account number or IBAN takes care of that.

How long does an international transfer to Ostfriesische Volksbank EG take?

A SWIFT payment typically takes anywhere from one to several business days, depending on the currency, the route and the banks involved. Weekends and public holidays in the sending or receiving country can add extra days to the journey. Occasionally a bank wants to know about the purpose of a payment, which can hold things up.

When a payment takes longer than expected, contact the sending bank for the tracking status or the UETR; with that reference banks can see where the payment is. Keep the payment confirmation until the recipient confirms – you will need it for any trace request.

If a payment has not arrived within the expected time, the sender needs to contact the bank that sent it rather than Ostfriesische Volksbank EG. On the receiving end, you can check your statements to see a partial amount, since fees may have been deducted.

International transfers from Ostfriesische Volksbank EG: the real cost

If you transfer money to another country via Ostfriesische Volksbank EG, the fee you see is only part of what you pay. You pay the fee for the transfer itself, possibly charges from correspondent banks along the way and, above all, the margin on the exchange rate when the money is converted.

Banks rarely show their exchange rate markup separately – you only notice it if you compare. Check the rate you are offered against the mid-market rate.

Money transfer services often offer a rate near the mid-market rate with clearer fees. GoldexPay compares these services side by side so you can see what actually arrives before you commit. Choosing a specialist does not mean closing your account at Ostfriesische Volksbank EG: you simply pay the service from your account.

Paying into Ostfriesische Volksbank EG in EUR

Germany pays in the Euro, with the currency code EUR. Money sent in a different currency will be exchanged into EUR, and whoever converts it chooses the rate. Each conversion costs the amount, even when no fee is shown.

Which bank converts the payment makes a difference, because each party uses its own rate. Transferring the amount already in EUR usually prevents an extra conversion, provided the rate you get is fair.

Rates for EUR change all the time, and some providers let you lock in a rate. If you pay regularly, small differences in the rate add up over time.

Protect yourself against fake payment requests

Fraudsters often send fake invoices with changed bank details. A correct SWIFT code tells you nothing about whether the request is genuine – scammers simply use real codes.

Verify changed bank details through a different channel like a call to a number from an earlier contract, never via the email that asked for the change. Be suspicious of time pressure, odd spelling or an email address that differs by one letter. When money was sent to the wrong account, contact your bank immediately – speed improves the chance of getting it back.

Fraud also work the other way. Someone claims to have sent too much and asks you to return the extra to a new account. Do not act before the money is actually in your account and check with Ostfriesische Volksbank EG if anything seems off.

8 or 11 characters: OSVODE81 versus OSVODE81XXX

The structure of a BIC is always the same: a bank code of four letters, a two-letter country code and a two-character location code, sometimes followed by a branch code. Together, those parts form OSVODE81, the code most people search for.

The full version has a three-character extension for a branch or department. If the last three are XXX, the code points to the head office.

Do not add spaces when you type OSVODE81. Watch for the letter O and the digit 0 and the letter I and the digit 1; they are easy to mix up.

A note on our data

Our SWIFT/BIC directory is based on publicly available sources and is updated regularly. Institutions reorganise, close branches and retire codes, and a directory never catches every change immediately. Counts and locations come from our own dataset and are not confirmed by Ostfriesische Volksbank EG.

For a payment of any size, confirm the code with the recipient’s bank or the recipient. GoldexPay is an independent comparison site and not part of Ostfriesische Volksbank EG. Found an error? Let us know through the contact page.

Is OSVODE81 still correct? How to check

The most reliable place for the correct BIC remains paperwork issued by the bank, such as a statement or the account details in online banking. When the code you were given does not match OSVODE81 or OSVODE81XXX, do not guess – contact the recipient or Ostfriesische Volksbank EG.

Errors in the SWIFT code are annoying more than fatal – usually the money comes back, minus fees and time lost. Remember the account number: a mistake there is more difficult to undo than a wrong BIC.

An automatic check in your banking app only confirms that the code exists, not that it is the right account. Some banks now check the name with the account. Sending a small amount first is worth it for large sums.

Getting paid from abroad into a Ostfriesische Volksbank EG account

A sender in another country needs several details about your account – incomplete details often cause delays. In practice that means: your name as registered with Ostfriesische Volksbank EG, your account number or IBAN, the SWIFT/BIC code OSVODE81XXX (or OSVODE81) and usually your address.

Certain sending banks want the bank’s address, so keep it at hand. Double-check every detail before you share them – a sender rarely spots a mistake in someone else’s details.

What lands in your account is often less than what was sent. Charges on incoming payments vary from bank to bank; check the price list of Ostfriesische Volksbank EG. On invoices, it is common to agree who bears the costs.

Which of the 3 codes of Ostfriesische Volksbank EG do you need?

Ostfriesische Volksbank EG uses 3 separate SWIFT/BIC codes across 3 locations. Only one is the head office code, OSVODE81XXX; the others belong to branches, and sometimes internal departments.

Unless the recipient tells you otherwise, go with OSVODE81XXX. When you receive a branch code, use it as it is instead of swapping it for the head office code.

Not sure which code to use? Ask the recipient, or look at a recent statement from Ostfriesische Volksbank EG. Branch codes are more prone to change than the head office code.

Euro transfers to Ostfriesische Volksbank EG: is a BIC needed?

Germany is a member of the SEPA area, where euro transfers follow common rules. For a regular euro transfer from another SEPA country, the IBAN is usually enough and the BIC is often filled in automatically.

You will still need OSVODE81XXX when sending payments in other currencies or transfers from countries outside SEPA. If your banking app has a field for the BIC regardless, adding OSVODE81 does no harm.

Euro payments within SEPA normally land within one business day. Charges on SEPA transfers tend to be low, as long as no currency conversion is involved.