V-Bank AG SWIFT/BIC code

SWIFT/BIC code of V-Bank AG

VBANDEMM and VBANDEMMXXX are the short and the long form of the same bank identifier, and both point to V-Bank AG in Muenchen. A BIC has a single purpose: it makes sure that money from abroad ends up at the right bank. It comes up mainly for transfers between countries.

Further down you will find the practical side: money coming in from abroad, sending money abroad and how to verify a SWIFT code before you confirm a payment. A SWIFT code names a bank or branch, never a single account.

International transfers from V-Bank AG: the real cost

A bank transfer abroad can cost more than the listed fee. There is the transfer fee, possibly charges from correspondent banks in between and, above all, the margin on the exchange rate if the currency changes.

The markup on the rate tends to be the largest item. Compare their rate against the mid-market rate.

Money transfer services frequently offer a rate near the mid-market rate. GoldexPay compares these services next to each other, showing the amount the recipient gets before you commit. Using a transfer service does not require closing your account at V-Bank AG: you simply pay the service from your account.

Receiving money from abroad at V-Bank AG

If you expect a payment from another country, send the payer everything they need in one go. That means: your full name exactly as it appears on the account, your account number or IBAN, the BIC VBANDEMMXXX (or VBANDEMM) and, often, your address.

You can add V-Bank AG and Muenchen as well, because some payment forms have separate fields for them. A typo in your account number is more trouble than you might think.

Do not be surprised if the incoming amount is below what the sender paid. Fees for incoming transfers differ per bank; check the price list of V-Bank AG. On invoices, it is common to agree how the fees are split.

VBANDEMM or VBANDEMMXXX – which one to use?

The layout of a BIC is always the same: a bank code of four letters, a two-letter country code and two for the location, sometimes followed by a branch code. Combined, these eight characters make up VBANDEMM – the version you usually see online.

The long version has three more characters for a branch or department. If the last three are XXX, they simply mean the head office.

Leave out spaces or dashes when you enter VBANDEMM. Copying the code beats typing it by hand: a typo can point to another bank.

How long does an international transfer to V-Bank AG take?

There is no fixed delivery time for every transfer: some land within a day, others take several business days. Weekends and public holidays in the sending or receiving country add a day or more to the journey. Sometimes a bank asks about the purpose of a payment.

A growing number of banks use SWIFT gpi. Every gpi transfer gets a unique transaction reference, the UETR, which your bank can use to see where the money is. Save the payment confirmation; it contains the details a bank needs to start a trace.

If the money does not arrive within the expected time, the sender should contact the bank that sent it rather than V-Bank AG. Request from the sender the payment receipt with the date and reference.

Do you need VBANDEMM for a SEPA transfer?

Inside SEPA, euro transfers to V-Bank AG use the same rules and in most cases need only the IBAN. The BIC field is usually optional or missing in that case.

The BIC does come into play when the currency is not euros, and for transfers from outside SEPA. If a payment form asks for the BIC anyway, adding VBANDEMM does no harm.

Euro payments within SEPA usually arrive within one business day. Fees for SEPA payments tend to be low as long as everything stays in euros.

Sending EUR to V-Bank AG

The currency in Germany is the Euro (EUR). Money sent in a different currency is exchanged into EUR on its way to V-Bank AG. You rarely see a separate line for the conversion – the cost sits in the rate.

Who converts the payment makes a difference, because each party uses its own rate. Sending the amount already in EUR usually avoids an extra conversion.

The EUR rate fluctuates throughout the day, so the amount you see is usually only valid for a short time. If you pay regularly, a slightly better rate make a real difference over time.

How to check VBANDEMM before you pay

Have the recipient copy their bank details straight from their online banking. Check that code with VBANDEMM here; if they differ, ask before you pay.

An incorrect BIC may lead to a delay, a returned payment or extra fees along the way. Do not forget the account number: an error there can be harder to undo than a wrong code.

Many banking apps validate the format of IBANs and sometimes look up the BIC automatically, but that does not prove the account belongs to the right person. Some banks now compare the name with the account before you confirm; take any warning seriously. Sending a small amount first is a sensible step for large sums.

Which of the 2 codes of V-Bank AG do you need?

Having 2 codes in 1 locations, V-Bank AG is one of the banks that register individual codes for branches. The main code remains VBANDEMMXXX.

If nobody asks you for a branch code, use VBANDEMMXXX. Only use a branch code when the account holder gives you that exact code, for example on a letter or invoice.

Unsure which code applies? Check with the recipient or the bank itself. Branch codes are more prone to change than VBANDEMMXXX when a bank merges or closes offices.

Protect yourself against fake payment requests

Fraudsters regularly use payment requests with changed bank details, sometimes in an email that looks completely genuine. That VBANDEMM is a real code does not mean that a request mentioning it is legitimate – fraudsters use real bank codes as well.

Do not trust a phone number in the same message that contains the new account. Be suspicious of time pressure, odd spelling or an email address that differs by one letter. Acted too fast? Contact the bank you paid from without delay and have them try to recall the payment and report the fraud.

Scams also target the receiver. Someone sends more than agreed and wants you to return the difference to a new account. A screenshot of a transfer is no proof.

How up to date is this code?

The directory on GoldexPay is based on public sources and we update it periodically. Even so, banks merge, rename themselves or retire codes. Figures such as the number of codes are from our own dataset and may differ from what V-Bank AG publishes.

Treat our directory here as a helpful check. We are an independent comparison site and not part of V-Bank AG. Found an error? Tell us via our contact form so we can correct it.