Volksbank Alzey-Worms EG SWIFT/BIC code

What VOALDE51 means for a payment to Volksbank Alzey-Worms EG

VOALDE51 and VOALDE51XXX are two ways of writing the same SWIFT/BIC code, and both lead to Volksbank Alzey-Worms EG in Nierstein. The code does one job: it makes sure that an international payment reaches the right bank. You will need it mostly for payments that cross a border.

Further down you will find the practical side: receiving money at Volksbank Alzey-Worms EG, paying someone in another country and how to check the code before you confirm a payment. Remember that the SWIFT code just identifies the bank, not the person: the IBAN or account number takes care of that.

Receiving money from abroad at Volksbank Alzey-Worms EG

Someone abroad who wants to pay you will ask for several details about your account. Give them the account holder’s name, the IBAN or account number, SWIFT code VOALDE51XXX and your address.

Certain banks want the bank’s address, so keep it at hand. A mistake in your account number can be more trouble than it looks, so copy the details from your online banking.

Expect that the amount credited is smaller than what the sender paid. Fees for incoming transfers vary from bank to bank. Agree with the sender who covers the fees before the money is sent.

How long does an international transfer to Volksbank Alzey-Worms EG take?

An international transfer usually takes anywhere from one to several business days. Weekends and public holidays in the sending or receiving country add a day or more, since banks do not process on those days. Compliance checks by one of the banks can also cause a delay.

If a transfer seems delayed, ask your bank for the tracking status and the transaction reference; with that reference banks can see where the payment is. Money transfer services often provide tracking online showing how far the money has got.

A delayed transfer is investigated from the sending side on the basis of the transfer details. As a recipient, you can check your account to see a partial amount.

Why Volksbank Alzey-Worms EG has an 8- and an 11-character code

Every SWIFT/BIC code starts with the same eight core characters: a four-letter bank code, a two-letter country code and two characters for the location. The result is VOALDE51, the short form of the code.

Most payment forms work with either length. If yours asks for eleven characters, enter VOALDE51XXX.

Type the code as one block, in capitals and without spaces, exactly as shown here. Watch for the letter O and the digit 0 or I versus 1.

Paying into Volksbank Alzey-Worms EG in EUR

The currency in Germany is the Euro (EUR). Money sent in a different currency is exchanged into EUR on its way to Volksbank Alzey-Worms EG – and the bank that does it picks the rate. You rarely see a separate charge for the conversion – the cost sits in the rate.

Which bank converts the money makes a difference, because each party uses its own rate. In many cases you pay less to send EUR directly through a transfer service with a good rate, so that the receiving bank does not need to convert again.

The rate for EUR fluctuates constantly, so the amount you see is usually only valid for a short time. For regular payments, small differences in the rate make a real difference over time.

Paying Volksbank Alzey-Worms EG in euros within SEPA

Because Germany is in SEPA, a euro payment to Volksbank Alzey-Worms EG from within the SEPA area usually only needs the IBAN. Many banks no longer ask for the BIC for these payments or fill it in for you.

For anything other than euros and for senders outside SEPA, VOALDE51XXX is still required. Some forms still show a field for the BIC out of habit; if so, enter VOALDE51.

SEPA transfers normally land within one business day. Provided no currency is converted, a SEPA transfer is cheap; costs rise once a conversion is involved.

What a transfer from Volksbank Alzey-Worms EG abroad really costs

An international bank payment can cost more than the fee suggests. On top of a fixed fee, correspondent or intermediary banks may deduct a fee, and if currencies are converted the bank usually uses a rate that is less favourable than the actual market rate.

That exchange rate margin tends to be the largest item even though it is not listed as a fee. An easy check: put the rate you get against the mid-market rate and look at the difference.

Specialised transfer providers often use rates closer to the mid-market rate and lower fees. GoldexPay lists transfer providers next to each other so you can see the amount the recipient gets for the same amount sent. Choosing a specialist does not mean closing your account at Volksbank Alzey-Worms EG.

Volksbank Alzey-Worms EG: head office code versus branch codes

Our database contains 2 SWIFT/BIC codes for Volksbank Alzey-Worms EG. Next to the head office code VOALDE51XXX, there are codes for regional offices and specialised units.

For most incoming transfers, the head office code VOALDE51XXX is what you need. If you have been given a branch code, use it as it is instead of replacing it with the head office code.

When in doubt, check with the recipient which code their bank gave them. Codes can change over time.

Protect yourself against fake payment requests

Scammers often use payment requests with new bank details. The fact that VOALDE51 exists does not mean that the account is genuine – fraudsters use real bank codes as well.

Never rely on contact details from the same email that announces the change. Pressure and secrecy tend to be red flags; a genuine business can wait for you to check. Acted too fast? Contact your bank without delay and ask them to start a recall.

Recipients are targeted too: a classic trick is an overpayment and then sends a request to refund the difference abroad. A screenshot of a transfer proves nothing; only your own account shows what has arrived.

Is VOALDE51 still correct? How to check

The most reliable source for a SWIFT code is the bank details provided by the recipient – an invoice, a statement or a screenshot from online banking. If the code you have differs from VOALDE51 or VOALDE51XXX, stop and ask.

With a wrong code, the transfer might be delayed, be returned or cost extra. A mistake in the account number can be a bigger problem because it can reach the wrong person; check it just as carefully.

Most online banking apps check the format of IBANs and sometimes look up the BIC automatically. Some banks now check the name against the account. A small test payment can be a sensible step for large sums despite the extra fee.

About this information

We collect SWIFT/BIC codes from public sources and update them regularly. Institutions merge, change names and retire codes – a directory can be a step behind. Figures such as the number of codes come from our directory.

Use our data as a starting point, not as the last word. GoldexPay is not affiliated with Volksbank Alzey-Worms EG; we are a comparison site for money transfers. Should you notice a mistake, we appreciate a short note via the contact page.