Volksbank Dreieich EG SWIFT/BIC code

What GENODE51 means for a payment to Volksbank Dreieich EG

The 8-character code GENODE51 and the full code GENODE51DRE identify one and the same institution: Volksbank Dreieich EG, with its head office in Dreieich. Every bank on the SWIFT network uses these codes to route international transfers to the right institution. You will need it mainly when dealing with payments that cross a border.

On this page you will find how the code is put together, when you need it and what else a transfer to or from Volksbank Dreieich EG requires. A SWIFT code identifies a bank or branch, never a single account; the IBAN or account number does that.

When will the money arrive at Volksbank Dreieich EG?

How quickly a transfer reaches Volksbank Dreieich EG depends on a few things: the currency, how many intermediary banks are involved, daily processing deadlines and differences in time zone. Transfers sent after the cut-off time or on a weekend or public holiday usually go out a business day later. Extra checks by one of the banks may also add a delay, regardless of the details.

If the money is late, contact your bank for the tracking status and the transaction reference; with that reference banks can see where the payment is. Money transfer services usually show a status in their app showing where the payment has got.

A missing payment has to be investigated from the sending side, using the payment confirmation. Request from the sender the payment receipt including the reference.

Choosing between the 2 SWIFT codes of Volksbank Dreieich EG

With 2 codes in 1 cities, Volksbank Dreieich EG is one of the banks that register individual codes for branches and departments. The head office code is GENODE51DRE.

In most cases there is no need to pick a branch: transfers addressed to GENODE51DRE are routed within Volksbank Dreieich EG without problems. Branch codes are only needed when the recipient’s bank explicitly mentions it.

If you are not sure, check with the recipient which code their bank gave them. Branch codes are more likely to be retired than GENODE51DRE.

Paying Volksbank Dreieich EG in euros within SEPA

Within the SEPA zone, euro transfers to an account in Germany use common rules, so the IBAN does the job in most cases. A field for the BIC is usually optional or missing for those payments.

The BIC still come into play when the currency is not euros, and for transfers from outside SEPA. A few banks and apps still show a field for the BIC; in that case, enter GENODE51 or GENODE51DRE.

Instant payments in euros have become increasingly available within SEPA. Fees for SEPA payments tend to be low, as long as no currency conversion is involved.

Paying into Volksbank Dreieich EG in EUR

The currency in Germany is the Euro (EUR). If you send another currency it gets converted somewhere along the way – by your bank, by Volksbank Dreieich EG or by a bank in between. There is rarely a separate charge for that conversion – the cost sits in the rate.

Who converts the payment makes a difference. In many cases it is cheaper if you send EUR straight away through a transfer service that converts near the mid-market rate rather than letting the receiving bank convert.

The rate for EUR changes throughout the day and quotes are often valid only for a short time. If you pay regularly, small differences in the rate add up over a year.

Scams that use SWIFT codes

Fraudsters regularly use fake invoices with new bank details. A valid SWIFT code says nothing about who owns the account.

Check changed bank details via a separate channel, such as a phone number you already know, 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. Acted too fast? Call the bank you paid from straight away and have them start a recall and report the fraud.

People receiving money can be targeted as well: one known trick is an overpayment and then sends a request to refund the difference. A screenshot of a transfer is no proof; only your own account shows what has arrived.

A note on our data

The codes on this page are taken from public sources that we update regularly. Banks merge, change names and retire codes, and a directory never catches every change immediately. Figures such as the number of codes are from our directory and may differ from what Volksbank Dreieich EG publishes.

See our directory here as a handy check, and let the details from the recipient or Volksbank Dreieich EG have the final say. GoldexPay is a comparison service and not part of Volksbank Dreieich EG. If you notice something that is out of date, we welcome a short note.

International transfers from Volksbank Dreieich EG: the real cost

An international bank payment costs more than the fee suggests. On top of a fixed fee, banks in between may take a cut, and if the money changes currency, the bank usually applies a rate that is less favourable than the actual market rate.

Banks do not show their exchange rate markup separately. Check the rate you are offered against the mid-market rate – the rate you find on financial news sites.

For many routes, a specialist provider is cheaper than a bank, mainly because of the exchange rate. Before your next transfer, it is worth to compare the total cost via GoldexPay. You can still keep your account at Volksbank Dreieich EG; only the conversion and sending happen elsewhere.

What to give a sender who pays you at Volksbank Dreieich EG

When you are waiting for money from abroad, send the payer everything they need in one go. Give them your name as the bank knows it, your account number or IBAN, SWIFT code GENODE51DRE and your address.

The sender’s bank might also ask for the bank address of Volksbank Dreieich EG; the head office in Dreieich is usually fine. A typo in your account number is harder to fix than it looks; copy them from your banking app rather than typing.

Money from abroad does not always arrive in full. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the money is converted, a markup on the rate comes on top. Agree with the sender who covers the fees, especially for larger amounts.

Is GENODE51 still correct? How to check

Ask the recipient to copy their bank details directly from their online banking. Compare it with GENODE51 on this page; if they differ, ask before you pay.

An incorrect BIC may lead to a delay, a payment being sent back or additional charges. Remember the IBAN: an error there can be harder to correct than a wrong BIC.

Many banking apps validate the format of IBANs and some suggest the matching BIC. If your bank offers it, a payee name check before sending adds extra certainty. Sending a small amount first is a sensible step for a large first payment, even if it costs an extra fee.

Why Volksbank Dreieich EG has an 8- and an 11-character code

Every SWIFT/BIC code has the same eight core characters: four letters for the bank, a two-letter country code and two characters for the location. The result is GENODE51, the short form of the code.

The 11-character version adds a three-character extension for a branch or department. When those three characters are XXX, the code points to the head office, so GENODE51DRE and GENODE51 are interchangeable.

Leave out spaces when you type GENODE51; the code is always written in one block. A wrong character may route the money to a different institution, so check it twice.