Volksbank Feldatal EG SWIFT/BIC code

GENODE51 – the SWIFT/BIC code of Volksbank Feldatal EG

The short code GENODE51 and the 11-character code GENODE51FEL refer to the same bank: Volksbank Feldatal EG in Feldatal, Germany. A SWIFT code shows the banks handling a payment exactly which bank should receive the money, much like a postcode for banks. You will need it mostly when dealing with payments that cross a border or a currency.

Further down you will find the practical side: money coming in from abroad, sending money abroad and how to verify a SWIFT code before you hit send. The BIC identifies an institution, never a specific account, which is why you always need the account number too.

Incoming international payments to Volksbank Feldatal EG

For a transfer from abroad into your account at Volksbank Feldatal EG, the sender needs not just the BIC. The basics are: the account holder’s name, account number or IBAN, GENODE51FEL and often your postal address.

It helps to add Volksbank Feldatal EG and its city as well, since some forms ask for it. Double-check every detail before you share them.

The amount you receive can be lower than the amount sent. Correspondent banks can take a fee, and if the money is converted, an exchange rate margin comes on top. Make clear with the sender who covers the fees.

The Euro and what conversion costs you

Most accounts at Volksbank Feldatal EG are usually held in EUR, the national currency of Germany. Money sent in a different currency is converted into EUR on its way to Volksbank Feldatal EG. You rarely see a separate line for that conversion; it is built into the rate.

Who does the conversion has an effect on how much arrives, since every bank sets its own rate. Sending the amount directly in EUR usually avoids a second conversion by Volksbank Feldatal EG, provided the rate you get is fair.

The rate for EUR fluctuates throughout the day, so the amount you see is usually only valid for a short time. If you pay regularly, a slightly better rate add up over a year.

Head office or branch code at Volksbank Feldatal EG?

Volksbank Feldatal EG has 2 different SWIFT/BIC codes. Only one is the head office code; the others belong to branches.

In most cases there is no need to pick a branch: transfers sent to GENODE51FEL reach Volksbank Feldatal EG without problems. A branch code only makes sense if the recipient’s bank specifically mentions it, which is more common for corporate accounts and specialised services.

Unsure which code to use? Check with the recipient. Branch codes are more likely to change than the head office code.

Verifying the SWIFT code of Volksbank Feldatal EG

The safest 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 does not match GENODE51 or GENODE51FEL, do not guess – contact the recipient or Volksbank Feldatal EG.

An incorrect BIC may lead to delays, a payment being sent back or additional charges along the way. Remember the IBAN: an error there can be more difficult to correct than a wrong code.

Many banking apps check the structure of IBANs and some suggest the matching BIC – that confirms the format, not the owner. If your bank offers it, a name check on the recipient adds extra certainty. A small test payment can be worth it for a large first payment despite the extra fee.

What the XXX in GENODE51FEL means

The structure of every SWIFT code is always the same: a bank code of four letters, two for the country and a two-character location code, sometimes followed by a branch code. The result is GENODE51, the short form of the code.

XXX at the end of GENODE51FEL is not a missing value or an error: it indicates the main office of Volksbank Feldatal EG. Certain payment forms ask for 11 characters, in which case you can add XXX behind GENODE51.

Enter the code as one block, in upper case and without separators. Look out for the letter O and the digit 0 and I versus 1.

What a transfer from Volksbank Feldatal EG abroad really costs

What you pay for a payment abroad has several parts. On top of the transfer fee, correspondent or intermediary banks may deduct a fee, and if the money changes currency the bank often applies a rate that is less favourable than the real market rate.

The markup on the rate tends to be the biggest cost. A simple test: set the rate you get next to the mid-market rate for the same moment and look at the difference.

Specialised transfer providers often use rates closer to the mid-market rate. GoldexPay lists transfer providers next to each other, showing what actually arrives for the same amount sent. Using a transfer service does not mean leaving Volksbank Feldatal EG: you simply pay the service from your account.

Paying Volksbank Feldatal EG in euros within SEPA

Since Germany is in SEPA, a euro payment into Volksbank Feldatal EG from within the SEPA area usually requires just the IBAN. Most banking apps no longer ask for the BIC in that case.

For anything other than euros and for senders outside SEPA, GENODE51FEL remains required. If a payment form has a field for the BIC regardless, adding GENODE51 does no harm.

Instant euro transfers are increasingly supported across SEPA; check with Volksbank Feldatal EG whether it applies to your account. Fees for SEPA transfers tend to be low.

When will the money arrive at Volksbank Feldatal EG?

How quickly a payment reaches Volksbank Feldatal EG is determined by several factors: the currency, how many intermediary banks are involved, cut-off times and time zones. Bank holidays in either country add a day or more to the journey. Occasionally a bank asks what the payment is for, which can hold things up.

When a payment takes longer than expected, contact your bank about the status and the transaction reference. Money transfer services often provide a status in their app showing where the payment has got.

The bank that sent the money can start an official trace; the receiving side usually has nothing to trace yet. On the receiving end, you can check your account to see a partial amount, since fees may have been deducted.

About this information

The codes on this page come from public sources that we update regularly. It is possible that a code on this page is no longer current. Counts and locations come from our own dataset.

For any payment that matters, check the BIC with Volksbank Feldatal EG or the recipient. GoldexPay is not affiliated with Volksbank Feldatal EG; we are a comparison site for money transfers. Found an error? Let us know via our contact form.

Scams that use SWIFT codes

One of the most common tricks goes like this: you receive a message saying that a company now has new bank details and asking you to pay there from now on. That GENODE51 is a real code is no guarantee that a request mentioning it is legitimate – fraudsters use real bank codes as well.

Always confirm a change of bank details through a phone call, using a number you already had. Watch out for time pressure, odd spelling or a sender address that is slightly off. When a payment was sent to the wrong account, contact your bank immediately – speed improves the chance of getting it back.

People receiving money can be targeted as well: one known trick is an overpayment followed by a request to refund the difference to another account. A payment confirmation from the sender is no proof.