Vereinsbank Victoria Bauspar Aktiengesellschaft SWIFT/BIC code

SWIFT/BIC code of Vereinsbank Victoria Bauspar Aktiengesellschaft

VVAGDEM1 and VVAGDEM1XXX are two ways of writing the same SWIFT/BIC code, and both lead to Vereinsbank Victoria Bauspar Aktiengesellschaft in Muenchen. The code has a single purpose: it makes sure that money from abroad reaches the right bank. You will need it mostly for payments that cross a border or a currency.

We wrote this page to help anyone who receives money at an account at Vereinsbank Victoria Bauspar Aktiengesellschaft. The BIC names a bank or branch, not a specific account; the IBAN or account number does that.

Receiving money from abroad at Vereinsbank Victoria Bauspar Aktiengesellschaft

If you are waiting for money from abroad, send the payer all details at once. In practice that means: your name exactly as it appears on the account, your account number or IBAN, the BIC VVAGDEM1XXX and, often, your postal address.

The sender’s bank might request the bank address of Vereinsbank Victoria Bauspar Aktiengesellschaft. A mistake in your account number is more trouble than it looks, so copy the details from your online banking.

An incoming payment will not always land in full. Fees for incoming transfers differ per bank – the price list of Vereinsbank Victoria Bauspar Aktiengesellschaft tells you what applies. On invoices, it is common to agree how the fees are split.

Changed bank details? Be careful

One of the most common tricks works like this: an email arrives with a message saying that a company has a new bank account and that the next payment should go there. A valid SWIFT code says nothing about who owns the account – scammers simply use real codes.

Never trust contact details from the same email that announces the new account. Urgency or requests to keep it quiet tend to be warning signs; a genuine business can wait for you to check. When money was sent to the wrong account, contact your bank immediately – speed improves the chance of getting it back.

People receiving money are targeted too: a classic trick is a buyer who pays too much followed by a request to send back the difference to another account. Wait until the money has really arrived and check with Vereinsbank Victoria Bauspar Aktiengesellschaft if anything seems off.

Head office or branch code at Vereinsbank Victoria Bauspar Aktiengesellschaft?

Having 2 codes, Vereinsbank Victoria Bauspar Aktiengesellschaft is one of the banks that use individual codes for branches and departments. The head office code is VVAGDEM1XXX.

In most cases there is no need to pick a branch: payments addressed to VVAGDEM1XXX reach Vereinsbank Victoria Bauspar Aktiengesellschaft correctly. If you have been given a specific code, stick to it rather than replacing it for the head office code.

The safest route is to take the code straight from the recipient’s bank details. Branch codes are more likely to change than the head office code.

Tracking a transfer to or from Vereinsbank Victoria Bauspar Aktiengesellschaft

How quickly a payment reaches Vereinsbank Victoria Bauspar Aktiengesellschaft is determined by several factors: which currency you send, the number of banks in between, cut-off times and time zones. Payments made late in the day or on weekends and holidays usually start the next business day. Compliance checks on larger or unusual payments may also cause a delay.

Many banks are connected to SWIFT gpi for faster and traceable payments. Each payment gets a unique transaction reference, the UETR. Keep your transfer receipt until the money has arrived; it contains the details a bank needs to start a trace.

If a payment has not arrived within the expected time, the sender needs to contact their own bank rather than Vereinsbank Victoria Bauspar Aktiengesellschaft. Ask the sender for the payment receipt with the date and reference.

Euro (EUR) and conversion costs

Germany uses the Euro, code EUR. If you send another currency has to be converted somewhere along the way. You rarely see a separate charge for the conversion – the cost sits in the rate.

Where the conversion happens has an effect on how much arrives, since every bank sets its own rate. Sending the amount directly in EUR often prevents a second conversion at the receiving end – as long as your own rate is good.

Rates for EUR change during the day – some services let you fix a rate in advance. With bigger transfers, even small gap in the rate adds up quickly.

What the XXX in VVAGDEM1XXX means

A BIC is built from a few fixed parts: characters one to four identify the bank, the next two give the country and characters seven and eight mark the location. In this case, the 8-character core is VVAGDEM1.

The 11-character version adds three more characters for a branch or department. When those three characters are XXX, the code points to the head office.

Type the code in one piece, in capitals and without separators, exactly as shown here. Copying the code is safer than retyping it.

What a transfer from Vereinsbank Victoria Bauspar Aktiengesellschaft abroad really costs

If you send money abroad from Vereinsbank Victoria Bauspar Aktiengesellschaft, the fee you see is rarely all of what you pay. There is the fee for the transfer itself, sometimes fees charged by intermediary banks in between and, most importantly, the exchange rate markup.

That exchange rate margin tends to be the biggest cost even though it is not listed as a fee. A simple test: set the rate you get against the mid-market rate for the same moment and work out the difference on your amount.

For a lot of routes, a transfer service turns out to be less expensive than a traditional bank transfer. Before your next transfer, it is worth to compare what arrives on GoldexPay. Choosing a specialist does not mean closing your account at Vereinsbank Victoria Bauspar Aktiengesellschaft: you simply pay the service from your account.

How to check VVAGDEM1 before you pay

Ask the recipient to send you the bank details directly from their banking app. If the code you have differs from VVAGDEM1 or VVAGDEM1XXX, do not guess – contact the recipient or Vereinsbank Victoria Bauspar Aktiengesellschaft.

An incorrect BIC can cause delays, a payment being sent back or extra fees. An error in the account number can be a bigger problem because it can reach the wrong person.

An automatic check in your banking app merely tells you that the code is valid – not that it belongs to the person you mean to pay. If your bank offers it, a payee name check on the recipient gives an extra layer of safety. For a first payment, many people send a small test amount and wait for confirmation.

About this information

The directory on GoldexPay is compiled from public sources and we update it periodically. It can happen that information on this page is out of date after a merger or reorganisation. Counts and locations come from our own dataset and may differ from what Vereinsbank Victoria Bauspar Aktiengesellschaft publishes.

For a payment of any size, always check the code with Vereinsbank Victoria Bauspar Aktiengesellschaft or the recipient. GoldexPay is independent of Vereinsbank Victoria Bauspar Aktiengesellschaft, we only compare transfer services. If you notice something that is out of date, we appreciate a message via the contact page.

Do you need VVAGDEM1 for a SEPA transfer?

Germany is part of the Single Euro Payments Area (SEPA), where euro transfers follow common rules. When you send euros within SEPA, the IBAN is usually enough and the BIC is often filled in automatically.

A SWIFT code like VVAGDEM1 still matter when the currency is not euros, and for transfers from outside SEPA. If a payment form asks for the BIC anyway, entering VVAGDEM1 is fine.

Instant euro transfers are widely supported across SEPA. Provided no currency is converted, a SEPA transfer tends to be inexpensive; costs rise once a conversion is involved.