Vereinigte Volksbank AG SWIFT/BIC code

SWIFT/BIC code of Vereinigte Volksbank AG

The short code GENODES1 and the 11-character code GENODES1BBV identify one and the same institution: Vereinigte Volksbank AG. A SWIFT code tells the sending bank exactly which bank is meant to get the money, a bit like a postal address for banks. You will need it mainly for payments that cross a border and payments in foreign currencies.

On this page you can read what the code means, when it matters and which other details a transfer to or from Vereinigte Volksbank AG requires. The SWIFT code alone cannot identify an individual account holder; that is what the account number or IBAN .

Which of the 2 codes of Vereinigte Volksbank AG do you need?

Vereinigte Volksbank AG uses 2 separate SWIFT/BIC codes across 2 locations. Only one is the head office code; the others belong to branches or departments, and sometimes internal departments.

For most payments to a private or business account, the head office code GENODES1BBV is what you need. When you receive a branch code, use it as it is instead of replacing it for the head office code.

Unsure which code to use? Ask the recipient. Codes for branches are more likely to change than GENODES1BBV.

Changed bank details? Be careful

One of the most common tricks works like this: an email arrives with a request saying that a supplier now has a new bank account. A correct SWIFT code says nothing about who owns the account – scammers simply use real codes.

Never rely on a phone number from the same email that contains the new account. Watch out for urgent requests, unusual wording or an email address that differs by one letter. Already paid? Call the bank you paid from straight away and have them try to recall the payment; also report it to the police.

People receiving money can be targeted as well: a classic trick is a buyer who pays too much followed by a request to send back the difference. A payment confirmation from the sender is no proof – check your own account.

Euro (EUR) and conversion costs

Accounts at Vereinigte Volksbank AG are typically held in EUR, the local currency. When you pay money in a different currency it gets converted somewhere along the way – by your bank, by Vereinigte Volksbank AG or by a bank in between. Each conversion eats into something, even when no fee is shown.

Where the conversion happens affects how much arrives, as rates and margins differ per bank. Check how much EUR arrives via different services; the difference between options can be larger than you expect.

The EUR rate changes constantly and quotes are often valid only for a short time. On larger amounts, a small gap in the rate can be worth more than the fee.

How long does an international transfer to Vereinigte Volksbank AG take?

How quickly a payment arrives at Vereinigte Volksbank AG depends on several factors: the currency, how many intermediary banks are involved, daily processing deadlines and time zones. Payments made late in the day or just before weekends and holidays often start the next business day. Occasionally a bank asks about the purpose of a payment, which can hold things up.

Many banks use SWIFT gpi, which lets them follow a payment from bank to bank. Every gpi transfer gets a unique transaction reference, the UETR that banks can use to trace it. Specialist transfer services usually show a status in their app so you can see how far the money is.

Only the sending bank can request a trace; the receiving side usually has nothing to trace yet. Request from the sender a copy of the payment confirmation.

How up to date is this code?

This directory is compiled from publicly available sources. Banks reorganise, close branches and change codes. The number of codes we show are based on what is in our directory, not official figures from Vereinigte Volksbank AG.

Use this page as a starting point, not as the final word: the recipient’s bank details come first. GoldexPay is a comparison service for money transfers and not affiliated with Vereinigte Volksbank AG. If you notice a mistake, we welcome a short note via the contact page.

How to check GENODES1 before you pay

The safest source for a SWIFT code is the bank details provided by the recipient. When the code you were given differs from GENODES1 or GENODES1BBV, do not guess: check with the recipient or with Vereinigte Volksbank AG directly.

With a wrong code, the payment might get stuck, bounce back or cost extra. An error in the account number is a bigger problem because it can reach the wrong person, so check that just as carefully.

Many banking apps check the format of an IBAN and some suggest the matching BIC, but that does not prove the account belongs to the right person. More and more banks compare the payee name with the account – do not ignore a mismatch warning. For a first payment, many people send a small amount first.

Receiving money from abroad at Vereinigte Volksbank AG

When you expect money from abroad, send the payer everything they need in one go. What they need is: the account holder’s name, IBAN or account number, GENODES1BBV and often your postal address.

The sender’s bank might also ask for the address of your bank; the head office in Sindelfingen is usually fine. A typo in your account number is harder to fix than it looks.

The amount you receive is often less than what was sent. Fees for incoming transfers differ per bank – the price list of Vereinigte Volksbank AG tells you what applies. On invoices, it is common to state who bears the costs, so that nobody is left short.

Why Vereinigte Volksbank AG has an 8- and an 11-character code

Each SWIFT/BIC code starts with the same eight core characters: four letters for the bank, a two-letter country code and two characters for the location. Combined, those parts form GENODES1 – the version you usually see online.

Most payment forms work with both lengths. If a form requires eleven characters, enter GENODES1BBV; if it wants eight, use GENODES1.

Leave out spaces or dashes when you enter GENODES1. Watch for the letter O and the digit 0 and I versus 1.

Paying Vereinigte Volksbank AG in euros within SEPA

Inside SEPA, euro transfers to an account in Germany follow common rules and in most cases need only the IBAN. A field for the BIC is often optional in that case.

For anything other than euros and for senders outside SEPA, GENODES1BBV or GENODES1 is still part of the payment details. Some forms also show a field for the BIC; in that case, fill in GENODES1 or GENODES1BBV.

Euro payments within SEPA usually arrive within one business day. Provided no currency is converted, the transfer is cheap; it is the conversion that costs money.

Paying someone abroad from your Vereinigte Volksbank AG account

If you transfer money abroad via Vereinigte Volksbank AG, the visible fee is only part of the cost. On top of a fixed fee, banks in between may deduct a fee, and when currencies are converted the bank often uses a rate below the actual market rate.

Banks rarely show their exchange rate markup separately – you only notice it if you compare. Check 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.

Specialist money transfer services often offer a rate near the mid-market rate. On GoldexPay you can compare what recipients receive across services, so you can pick the cheapest route. You can always use your account at Vereinigte Volksbank AG as the source of the money.