Volksbank Hoechst EG SWIFT/BIC code

GENODE51 – the SWIFT/BIC code of Volksbank Hoechst EG

Whether you are given GENODE51 or GENODE51FHC, it is the identical identifier for Volksbank Hoechst EG in Germany. Banks worldwide use these codes to direct payments between countries to the right bank. In daily life you mostly see it on international invoices, in your banking app and in the bank details that Volksbank Hoechst EG provides.

Below you will find the practical side: money coming in from abroad, paying someone in another country and how to verify a SWIFT code before you hit send. The SWIFT code alone cannot identify a personal account; that is what the account number or IBAN is for.

Transfer times and tracking a payment to Volksbank Hoechst EG

A SWIFT payment typically takes one to a few business days, depending on the currency, the route and the banks involved. Payments made late in the day or just before a weekend or public holiday often start a business day later. Compliance checks by one of the banks can also add a delay, regardless of the details.

When a payment takes longer than expected, ask your bank for the tracking status. Specialist transfer services often show a status in their app showing where the money has got.

Only the sending bank can start an official trace – the recipient’s bank often cannot see a payment that has not arrived. As a recipient, it helps to look at your account for a slightly lower amount, since fees may have been deducted.

Volksbank Hoechst EG: head office code versus branch codes

Volksbank Hoechst EG has 2 separate SWIFT/BIC codes across 1 cities. One of them is the head office code, GENODE51FHC; the rest belong to branches or departments.

For the vast majority of payments to a private or business account, the head office code GENODE51FHC works fine. If you have been given a branch code, use it as it is instead of swapping it with the head office code.

Unsure which code applies? Check with the recipient or the bank itself. Codes for branches are more likely to change than the head office code.

SEPA payments and the Volksbank Hoechst EG BIC

Germany is part of the SEPA area, where euro transfers follow common rules. When you send euros within SEPA, the IBAN is usually enough; many banks no longer ask for the BIC.

Outside the euro and for senders outside SEPA, GENODE51FHC or GENODE51 is still part of the payment details. If a payment form asks for the BIC regardless, adding GENODE51 is fine.

SEPA transfers usually arrive within one business day, and instant transfers in seconds where both banks support them. Charges on SEPA transfers are generally low, as long as no currency conversion is involved.

Paying into Volksbank Hoechst EG in EUR

Germany pays in the Euro (EUR). If you send another currency has to be converted at some point. You rarely see a separate line for the conversion – the cost sits in the rate.

Who does the conversion affects the final amount. In many cases you pay less if you send EUR straight away via a transfer service with a good rate.

The EUR rate fluctuates throughout the day. With bigger transfers, even small difference in the rate adds up quickly.

Sending money abroad from Volksbank Hoechst EG

An international bank payment costs more than the listed fee. There is the fee for the transfer itself, possibly charges from correspondent banks along the way and, above all, the margin on the exchange rate.

Banks rarely show their exchange rate markup as a cost, but you pay it all the same. Check their rate against the mid-market rate, the midpoint between buy and sell rates you see on financial sites.

For many currency pairs, a specialist provider is cheaper than a bank – mostly thanks to the rate. GoldexPay compares the amount that arrives with different services, which makes the cheapest option easy to spot. Choosing a specialist does not require leaving Volksbank Hoechst EG: you simply pay the service from your account.

Protect yourself against fake payment requests

A common scam goes like this: an email arrives with a request claiming that a contact now has a new bank account. That GENODE51 is a real code does not mean that the account is genuine – fraudsters use real bank codes as well.

Do not trust contact details from the same email that contains the new account. Watch out for time pressure, unusual wording or a sender address that is slightly off. Acted too fast? Call the bank you paid from straight away and have them try to recall the payment and report the fraud.

Scams can also target the receiver: someone sends more than agreed and asks you to refund the difference to a new account. A payment confirmation from the sender is no proof.

Where our SWIFT data comes from

This directory is compiled from publicly available sources and we update it periodically. Institutions reorganise, close branches and retire codes. The number of codes on this page reflect our own data and not on information from Volksbank Hoechst EG itself.

Before any payment of any size, check the code with the recipient’s bank or the recipient. GoldexPay is not affiliated with Volksbank Hoechst EG; we are a comparison site for money transfers. If you notice something that is out of date, we appreciate a short note.

What the XXX in GENODE51FHC means

The layout of a BIC never changes: a bank code of four letters, two for the country and two for the location, plus an optional branch code. Combined, these eight characters form GENODE51, the code most people search for.

The full version has a three-character extension for a branch or department. If the last three are XXX, the code points to the head office.

In practice the code is written in capitals. Copying the code is safer than retyping it, because one wrong letter changes the bank.

How to check GENODE51 before you pay

The safest source for the BIC is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. Compare it against GENODE51 here; if they differ, ask before you pay.

A wrong SWIFT code may lead to a delay, a returned payment or additional charges. An error in the account number can be more serious because it can reach the wrong person, so check that just as carefully.

A validity check in your banking app merely tells you that the code exists. Where available, a payee name check on the recipient adds extra certainty. A small test payment is worth it for large sums, even if it costs an extra fee.

Getting paid from abroad into a Volksbank Hoechst EG account

A sender in another country needs a few details from you, and missing ones are a common cause of delays. Give them your name as the bank knows it, your account number or IBAN, the BIC GENODE51FHC and your address.

You can include Volksbank Hoechst EG and Frankfurt Am Main too, because some payment forms have separate fields for them. Check each detail before you share them – a sender rarely spots a mistake in someone else’s details.

Expect that the amount credited is smaller than the amount on the sender’s receipt. Correspondent banks can take a fee, Volksbank Hoechst EG may charge for incoming payments, and if the currency changes, an exchange rate margin applies. Agree with the sender who pays which costs.