Volksbank Bochum Witten EG SWIFT/BIC code

What VOBWDE31 means for a payment to Volksbank Bochum Witten EG

The short code VOBWDE31 and the full code VOBWDE31XXX identify one and the same institution: Volksbank Bochum Witten EG. The code does one job: it ensures that an international payment ends up at the right bank. It comes up mainly for payments that cross a border and payments in foreign currencies.

We wrote this page to help anyone who receives money at an account at Volksbank Bochum Witten EG without mistakes. Keep in mind that the BIC just identifies the bank, not the account: the account number or IBAN does that part.

Incoming international payments to Volksbank Bochum Witten EG

When you expect a payment from another country, send the payer all details at once. That means: your full name exactly as it appears on the account, your IBAN or account number, the SWIFT/BIC code VOBWDE31XXX and, often, your postal address.

Their bank might also ask for the address of your bank. A typo in your account number can be harder to fix than you might think.

An incoming payment does not always land in full. Correspondent banks can take a fee and your own bank may charge for processing, and when currencies differ, an exchange rate margin applies. On invoices, you can agree who bears the costs to avoid a shortfall.

Choosing between the 2 SWIFT codes of Volksbank Bochum Witten EG

Having 2 codes in 1 locations, Volksbank Bochum Witten EG is one of the banks that use separate codes for branches. The head office code is VOBWDE31XXX.

In most cases you do not need to pick a branch: transfers addressed to VOBWDE31XXX are routed within Volksbank Bochum Witten EG without problems. Branch codes are only needed if the account holder specifically asks for it.

The safest route is to copy the code straight from the recipient’s bank details. Branch codes are more prone to be retired than VOBWDE31XXX.

Before you send: check the Volksbank Bochum Witten EG code

The most reliable source for the BIC is the bank details provided by the recipient. Compare it against VOBWDE31 on this page and ask if anything does not match.

Mistakes in the BIC are annoying rather than disastrous. Remember the account number: an error there can be more difficult to correct than a wrong BIC.

A validity check by your bank merely confirms that the IBAN is valid – not that it belongs to the person you mean to pay. Where available, a name check on the recipient adds an extra layer of safety. For a first payment, some people send a small amount first before sending the rest.

Paying Volksbank Bochum Witten EG in euros within SEPA

Since Germany is in SEPA, a euro transfer into Volksbank Bochum Witten EG from within the SEPA area usually requires just the IBAN. Many banks do not require the BIC for these payments.

You will still need VOBWDE31XXX for non-euro payments or transfers from countries outside SEPA. A few forms also show a field for the BIC; if so, fill in VOBWDE31.

Euro payments within SEPA usually arrive by the next business day, and instant transfers in seconds where both banks support them. As long as the payment stays in euros, a SEPA transfer is inexpensive.

Sending money abroad from Volksbank Bochum Witten EG

If you transfer money to another country from Volksbank Bochum Witten EG, the fee you see is rarely all of the cost. Besides a fixed fee, banks in between may deduct a fee, and if the money changes currency the bank often uses a rate below the real market rate.

Banks rarely list their exchange rate markup separately – you only notice it if you compare. Compare their rate with the mid-market rate; the gap is what conversion costs you.

Specialised transfer providers frequently use a rate near the mid-market rate and lower fees. GoldexPay lists these services side by side so you can see what actually arrives. Using a transfer service does not require closing your account at Volksbank Bochum Witten EG – you pay the provider from your own account.

Sending EUR to Volksbank Bochum Witten EG

The local currency in Germany is the Euro (EUR). When you pay money in a different currency, the amount has to be converted at some point. Each conversion costs something, even when no fee is shown.

Which bank converts the payment makes a difference. Transferring the money already in EUR often prevents a second conversion at the receiving end, provided the rate you get is fair.

Rates for EUR move all the time, and some providers let you lock in a rate. On larger amounts, a small gap in the rate can be worth more than the fee.

Why Volksbank Bochum Witten EG has an 8- and an 11-character code

A SWIFT code is built from a few fixed parts: characters one to four identify the bank, characters five and six show the country and the two after that mark the location. That gives you VOBWDE31 for Volksbank Bochum Witten EG.

Many payment forms work with both lengths. If a form asks for eleven characters, enter VOBWDE31XXX.

As a rule the code is written in capitals and without spaces. A wrong character may route the money to another bank, so check it twice.

Scams that use SWIFT codes

Stay alert if a contact unexpectedly wants you to send money to another account abroad. The fact that VOBWDE31 exists does not mean that a request mentioning it is genuine – fraudsters use real bank codes as well.

Check new bank details through a separate channel, not by replying to the message. Be suspicious of urgent requests, odd spelling or a sender address that is slightly off. When money was sent to a fraudster, 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 followed by a request to send back the difference abroad. A payment confirmation from the sender is no proof; only your own account shows what has arrived.

Where our SWIFT data comes from

This directory draws on public sources and is updated regularly. It can happen that a code here is no longer current after a merger or reorganisation. Counts and locations come from our directory.

Treat our directory on this page as a helpful check. GoldexPay is not affiliated with Volksbank Bochum Witten EG. Found an error? Tell us via our contact form.

Tracking a transfer to or from Volksbank Bochum Witten EG

An international transfer typically needs anywhere from one to several business days, depending on the currency, the route and the banks involved. Payments made late in the day or on weekends and holidays usually go out the next business day. Sometimes a bank wants to know about the purpose of a payment before releasing it.

If the money is delayed, contact your bank for the tracking status and the transaction reference so they can trace it along the chain. Save your transfer receipt until the money has arrived; it contains the details a bank needs to start a trace.

If the money does not arrive after a few business days, the sender should contact the bank that sent it rather than Volksbank Bochum Witten EG. On the receiving end, it helps to check your statements for a slightly lower amount.