Volksbank Altshausen EG SWIFT/BIC code

What GENODES1 means for a payment to Volksbank Altshausen EG

The short code GENODES1 and the full code GENODES1VAH identify one and the same institution: Volksbank Altshausen EG, with its head office in Altshausen. A SWIFT code tells every bank in the chain which institution is meant to get the money, a bit like a postal address for banks. In daily life you mostly see the code on invoices from abroad, in payment forms and in the bank details of Volksbank Altshausen EG customers.

Further down we go through the practical side: money coming in from abroad, sending money abroad and how to check the code before you confirm a payment. The SWIFT code alone does not identify a personal account; that is what the account number or IBAN is for.

Where our SWIFT data comes from

The directory on GoldexPay is compiled from publicly available sources and is updated regularly. Banks merge, 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 Volksbank Altshausen EG.

Before any payment of any size, check the code with Volksbank Altshausen EG or the recipient. GoldexPay is independent of Volksbank Altshausen EG; we are a comparison site for money transfers. If you notice something that is out of date, we appreciate a short note.

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

Because Germany is in SEPA, a euro transfer to Volksbank Altshausen EG from within the SEPA area normally only needs an IBAN. Many banks do not require the BIC for these payments.

Outside the euro and from non-SEPA countries, GENODES1VAH remains part of the payment details. If a payment form has a field for the BIC regardless, entering GENODES1 does no harm.

Euro payments within SEPA usually arrive within one business day; instant payments are faster if both banks offer them. Charges on SEPA transfers tend to be low as long as everything stays in euros.

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

How quickly a payment arrives at Volksbank Altshausen EG is determined by a few things: the currency, the number of banks in between, daily processing deadlines and time zones. Payments made late in the day or just before weekends and holidays usually go out the next business day. Sometimes a bank asks what the payment is for, which can hold things up.

A growing number of banks use SWIFT gpi. Every gpi transfer carries a unique transaction reference, the UETR, which your bank can use to see where the money is. Specialist transfer services usually provide a status online showing how far the money has got.

If the money does not arrive within the expected time, the sender needs to contact their own bank rather than Volksbank Altshausen EG. Ask the sender for the payment receipt including the reference.

Sending money abroad from Volksbank Altshausen EG

The price of a payment abroad is made up of several parts, and the transfer fee is only the most visible one. There is the transfer fee, sometimes fees charged by intermediary banks along the way and, above all, the margin on the exchange rate.

Most of the cost usually sits in the exchange rate, not in the fee: the bank converts at a rate that includes a margin. A simple test: set the bank’s rate against the mid-market rate for the same moment and work out the difference on your amount.

Specialised transfer providers often use rates closer to the mid-market rate. On GoldexPay we compare what recipients receive across services, which makes the cheapest option easy to spot. Choosing a specialist does not mean leaving Volksbank Altshausen EG.

Getting paid from abroad into a Volksbank Altshausen EG account

For an international payment into your account at Volksbank Altshausen EG, the sender needs more than the SWIFT code. In practice that means: your full name exactly as it appears on the account, your account number or IBAN, the BIC GENODES1VAH and sometimes your postal address.

You can add the bank name and Altshausen as well, since some forms ask for it. A mistake in your account number can be more trouble than it looks.

Do not be surprised if the incoming amount is smaller than the amount on the sender’s receipt. Charges on incoming payments differ from bank to bank – the price list of Volksbank Altshausen EG tells you what applies. Agree with the sender who pays which costs before the money is sent.

The Euro and what conversion costs you

Germany pays in the Euro (EUR). If you send money in a different currency, the amount has to be converted at some point. Every conversion eats into something – usually through the rate rather than a fee.

Where the conversion happens has an effect on how much arrives. In many cases you pay less if you send EUR directly via a provider with a good rate.

The rate for EUR fluctuates constantly, so the amount you see is usually only valid for a short time. With bigger transfers, even seemingly small difference in the rate adds up quickly.

Verifying the SWIFT code of Volksbank Altshausen EG

The safest source for the BIC is the bank details provided by the recipient: an invoice, a bank statement or their online banking. If the code you have differs from GENODES1 or GENODES1VAH, do not guess.

With a wrong code, the payment may be delayed, be returned or end up costing more, and tracing it can take weeks. An error in the account number is a bigger problem, so check that just as carefully.

An automatic check in your banking app only confirms that the IBAN is valid, not that it is the right account. More and more banks compare the payee name against the account before you confirm. Sending a small amount first is worth it for a large first payment.

Protect yourself against fake payment requests

Stay alert if someone unexpectedly wants you to send money to another account. That GENODES1 is a real code is no guarantee that a request mentioning it is genuine.

Verify changed payment details via a separate 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 a payment has already gone to the wrong account, contact your bank immediately: the sooner they act, the better the chance of a recall.

Recipients can be targeted as well: a classic trick is a buyer who pays too much and then sends a request to send back the difference. Do not act before the money has really arrived – ask Volksbank Altshausen EG if something looks wrong.

Choosing between the 2 SWIFT codes of Volksbank Altshausen EG

Having 2 codes in 2 cities, Volksbank Altshausen EG is one of the banks that register individual codes for parts of the organisation and departments. The head office code remains GENODES1VAH.

For the vast majority of incoming transfers, the head office code GENODES1VAH works fine. Branch codes are only needed when the account holder specifically asks for it, which is more common for corporate accounts and trade services.

The safest approach is to copy the code straight from the account holder’s invoice. Codes can change over time, so do not rely on old paperwork.

What the XXX in GENODES1VAH means

Each SWIFT/BIC code has an 8-character core: four letters for the bank, a two-letter country code and a two-character location code. That gives you GENODES1 for Volksbank Altshausen EG.

Most banks and apps work with both lengths. If a form asks for eleven characters, enter GENODES1VAH.

Leave out spaces, dots when you type GENODES1 or GENODES1VAH. Watch for the letter O and the digit 0 and I versus 1, a common source of typos.