Ruesselsheimer Volksbank EG SWIFT/BIC code

Ruesselsheimer Volksbank EG SWIFT code: GENODE51

GENODE51 and GENODE51GAA are two spellings of the same bank identifier, and both lead to Ruesselsheimer Volksbank EG in Ruesselsheim. Every bank on the SWIFT network uses BIC codes to route payments between countries to the right institution. In practice you usually come across it on invoices from abroad, in payment forms and in the bank details that Ruesselsheimer Volksbank EG provides.

Further down we go through the practical questions: receiving money at Ruesselsheimer Volksbank EG, paying someone in another country and how to check the code before you hit send. Remember that the SWIFT code just identifies the bank, not the person: the account number or IBAN does that part.

Head office or branch code at Ruesselsheimer Volksbank EG?

Having 3 codes, Ruesselsheimer Volksbank EG belongs to the banks that use separate codes for branches and departments. The main code is GENODE51GAA.

For the vast majority of payments to a private or business account, the head office code GENODE51GAA works fine. Only use a branch code when the account holder gives you that exact code.

Not sure which code to use? Ask the recipient or the bank itself. Branch codes can change over time, so a code from an old document is not always valid.

Where our SWIFT data comes from

Our SWIFT/BIC directory is compiled from public sources and we update it periodically. Banks merge, close branches and retire codes – a directory can be a step behind. Counts and locations come from our directory and may differ from what Ruesselsheimer Volksbank EG publishes.

Before any payment of any size, always confirm the BIC with Ruesselsheimer Volksbank EG or with the recipient. We are a comparison site and not affiliated with Ruesselsheimer Volksbank EG. Should you notice something that is out of date, we appreciate a message.

Why Ruesselsheimer Volksbank EG has an 8- and an 11-character code

A SWIFT code is made up of a few fixed parts: the first four letters identify the bank, the next two show the country and the two after that indicate the location. The result is GENODE51 for Ruesselsheimer Volksbank EG.

The long version has a three-character extension that identify a branch or department. If the last three are XXX, they simply mean the head office.

Leave out spaces or dashes when you enter GENODE51. A wrong letter may route the money to another bank, so check it twice.

Paying someone abroad from your Ruesselsheimer Volksbank EG account

The price of a payment abroad has more than one component, and the transfer fee is only the most visible one. There is the fee for the transfer itself, sometimes fees charged by intermediary banks in between and, above all, the margin on the exchange rate if the currency changes.

Many banks do not show their exchange rate markup as a cost – you only notice it if you compare. An easy check: set the bank’s rate next to the mid-market rate for the same moment and work out the difference on your amount.

For a lot of currency pairs, a transfer service turns out to be less expensive than a bank. Next time you send money, take a minute comparing the total cost via GoldexPay. Choosing a specialist does not require closing your account at Ruesselsheimer Volksbank EG – you pay the provider from your own account.

Euro (EUR) and conversion costs

The national currency in Germany is the Euro (EUR). Money sent in a different currency is converted into EUR before it reaches the account – and the bank that does it picks the rate. You rarely see a separate line for the conversion – the cost sits in the rate.

Where the conversion happens affects the final amount, as rates and margins differ per bank. Check how much EUR the recipient gets via different providers before choosing one.

The EUR rate changes constantly and quotes are often valid only for a short time. For recurring payments, a slightly better rate add up over time.

Is GENODE51 still correct? How to check

The best place to find the correct BIC is a document from the bank itself. Compare it with GENODE51 on this page and ask if anything does not match.

Errors in the SWIFT code are annoying rather than disastrous: often the payment comes back, minus fees. Remember the IBAN: an error there can be harder to undo than a wrong BIC.

Most online banking apps check the structure of an IBAN and sometimes look up the BIC automatically, but that does not prove the account belongs to the right person. If your bank offers it, a payee name check on the recipient gives extra certainty. When you pay someone new, many people start with a small amount first before sending the rest.

Getting paid from abroad into a Ruesselsheimer Volksbank EG account

To receive an international payment into your account at Ruesselsheimer Volksbank EG, the person paying you has to have not just the SWIFT code. Share your name as the bank knows it, the IBAN or account number, the BIC GENODE51GAA and your address.

Certain banks want the bank’s address in Ruesselsheim; it does no harm to include it. Check each detail before you send them – a sender rarely spots a mistake in someone else’s details.

Money from abroad will not always arrive for the full amount. Fees for incoming transfers vary per bank. Agree with the sender who covers the fees.

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

Germany is a member of the Single Euro Payments Area (SEPA), where euro transfers follow common rules. For a regular euro transfer from another SEPA country, the IBAN is usually enough; many banks no longer ask for the BIC.

You will still need GENODE51GAA for non-euro payments or money from outside the SEPA area. Some forms still show a field for the BIC out of habit; in that case, fill in GENODE51 or GENODE51GAA.

Instant euro transfers are increasingly available within SEPA; check with Ruesselsheimer Volksbank EG whether it applies to your account. Provided the payment stays in euros, the transfer tends to be cheap; costs rise once a conversion is involved.

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

How quickly a transfer arrives at Ruesselsheimer Volksbank EG depends on a few things: which currency you send, the number of banks in between, daily processing deadlines and differences in time zone. Bank holidays in the sending or receiving country add extra days to the journey. Extra checks on larger or unusual payments can also cause some delay, regardless of the details.

When a payment takes longer than expected, contact your bank about the tracking status and the transaction reference; with that reference banks can see where the payment is. Specialist transfer services usually show a status in their app so you can see where the money has got.

If the money does not arrive after a few business days, the sender needs to start with the bank that sent it rather than Ruesselsheimer Volksbank EG. On the receiving end, it helps to look at your account to see a slightly lower amount because fees can reduce the amount.

Changed bank details? Be careful

A common scam works like this: you receive a message claiming that a company now has a new bank account. That GENODE51 is a real code does not mean that the account is genuine – fraudsters use real bank codes as well.

Always verify changed bank details by phone, using a number you already had. Watch out for time pressure, odd spelling or a sender address that is slightly off. Acted too fast? Contact the bank you paid from straight away and have them start a recall.

Recipients are targeted too: one known trick is a buyer who pays too much and then sends a request to send back the difference abroad. A screenshot of a transfer is no proof; only your own account shows what has arrived.