Volksbank Lauterbach-Schlitz EG SWIFT/BIC code

VOLZDE51 – the SWIFT/BIC code of Volksbank Lauterbach-Schlitz EG

Whether you are given VOLZDE51 or VOLZDE51XXX, you are looking at the identical identifier for Volksbank Lauterbach-Schlitz EG in Germany. Every bank on the SWIFT network uses these codes to direct international transfers to the right institution. It comes up mainly when dealing with transfers between countries and payments in foreign currencies.

We wrote this page to help anyone who sends money to an account at Volksbank Lauterbach-Schlitz EG without mistakes. Remember that the BIC just identifies the bank, not the account: the IBAN or account number does that part.

The Euro and what conversion costs you

Most accounts at Volksbank Lauterbach-Schlitz EG are typically held in EUR, the local currency. When you pay money in a different currency it has to be converted somewhere along the way – by your bank, by Volksbank Lauterbach-Schlitz EG or by a bank in between. Each conversion eats into the amount, even when no fee is shown.

Which bank converts the money makes a difference: every bank has its own margin. Sending the amount already in EUR usually avoids an extra conversion.

Exchange rates move all the time. For recurring payments, small differences in the rate add up over time.

What the XXX in VOLZDE51XXX means

A SWIFT code is made up of a few fixed parts: characters one to four stand for the bank, characters five and six show the country and the two after that indicate the location. For Volksbank Lauterbach-Schlitz EG, that core is VOLZDE51.

The full version adds a three-character extension that identify a branch or department. When those three characters are XXX, they simply mean the head office.

Do not add spaces when you enter VOLZDE51 or VOLZDE51XXX. Watch for O versus 0 and the letter I and the digit 1, a common source of typos.

Where our SWIFT data comes from

The details on this page come from public sources that we update regularly. Institutions reorganise, close branches and retire codes. Figures such as the number of codes are from our own dataset and may differ from what Volksbank Lauterbach-Schlitz EG publishes.

Treat our data as a starting point, rather than as the final word – the bank details from the recipient are leading. We are an independent comparison site for money transfers and not part of Volksbank Lauterbach-Schlitz EG. Should you notice a mistake, we welcome a short note.

Getting paid from abroad into a Volksbank Lauterbach-Schlitz EG account

For an international payment at Volksbank Lauterbach-Schlitz EG, the person paying you needs not just the SWIFT code. What they need is: your name, account number or IBAN, VOLZDE51XXX or VOLZDE51 and often your home address.

Their bank might request the address of your bank, in which case the Schlitz head office is the usual answer. Double-check every detail before you share them.

Money from abroad will not always arrive for the full amount. Fees for incoming transfers vary from bank to bank. Make clear with the sender who covers the fees, especially for larger amounts.

Volksbank Lauterbach-Schlitz EG: head office code versus branch codes

Volksbank Lauterbach-Schlitz EG uses 3 different SWIFT/BIC codes. Only one is the head office code; the others identify branches, and sometimes specific services.

If nobody asks you for a branch code, use VOLZDE51XXX or its short form VOLZDE51. When you receive a specific code, stick to it rather than replacing it for the head office code.

The safest route is to copy the code directly from the account holder’s invoice. Codes for branches are more likely to be retired than VOLZDE51XXX when a bank merges or closes offices.

Is VOLZDE51 still correct? How to check

Have the recipient send you their account details directly from a recent statement. Check that code against VOLZDE51 on this page and ask if anything does not match.

Mistakes in the BIC tend to be costly rather than disastrous – usually the money comes back, minus fees and time lost. A mistake in the account number is more serious; check it just as carefully.

Most online banking apps check the format of IBANs and sometimes look up the BIC automatically, but that does not prove the account belongs to the right person. Where available, a payee name check on the recipient gives an extra layer of safety. Sending a small amount first can be a sensible step for a large first payment.

Euro transfers to Volksbank Lauterbach-Schlitz EG: is a BIC needed?

Since Germany is part of the SEPA zone, a euro payment to Volksbank Lauterbach-Schlitz EG from another SEPA country normally requires just an IBAN. Many banks no longer ask for the BIC for these payments.

You still need VOLZDE51XXX for non-euro payments or transfers from countries outside SEPA. Some banks and apps still show a field for the BIC; if so, enter VOLZDE51.

SEPA transfers normally land by the next business day; instant payments are faster if both banks offer them. Fees for SEPA transfers are generally low as long as everything stays in euros.

When will the money arrive at Volksbank Lauterbach-Schlitz EG?

There is no single answer for international payments: many land the same day or the next, others take several business days. Transfers sent late in the day or on weekends and holidays usually go out a business day later. Sometimes a bank asks about the purpose of a payment.

A growing number of banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Each gpi transfer gets a unique transaction reference, the UETR, which your bank can use to see where the money is. Money transfer services often show a status online showing how far the payment is.

A missing payment has to be investigated from the sending side, using the payment confirmation. Ask the sender for the payment receipt including the reference; that often settles the question quickly.

International transfers from Volksbank Lauterbach-Schlitz EG: the real cost

When you send money to another country through Volksbank Lauterbach-Schlitz EG, the visible fee is rarely all of what you pay. Besides the transfer fee, banks in between may deduct a fee, and when the money changes currency the bank often uses a rate that is less favourable than the actual market rate.

The markup on the rate tends to be the largest item even though it is not listed as a fee. Compare the rate you are offered with the mid-market rate; the gap is what conversion costs you.

Specialised transfer providers frequently offer a rate near the mid-market rate with clearer fees. Before your next transfer, it is worth comparing what arrives via GoldexPay instead of going straight to your bank. You can still keep your account at Volksbank Lauterbach-Schlitz EG as the source of the money; only the conversion and sending happen elsewhere.

Scams that use SWIFT codes

Be alert when a contact unexpectedly asks you to send money to a different account abroad. The fact that VOLZDE51 exists does not mean that the account is legitimate; criminals use the codes of real banks too.

Verify new bank details through a separate channel. Pressure or secrecy tend to be warning signs. When money was sent to the wrong account, call your bank right away: the sooner they act, the better the chance of a recall.

Scams also work the other way. Someone sends more than agreed and wants you to refund the extra. A payment confirmation from the sender is no proof.