Volksbank Straubing EG SWIFT/BIC code

Volksbank Straubing EG SWIFT code: GENODEF1

The 8-character code GENODEF1 and the 11-character code GENODEF1SRX refer to one and the same institution: Volksbank Straubing EG. Banks worldwide use BIC codes to direct payments between countries to the correct institution. In practice you mostly see it on international invoices, in payment forms and in the bank details that Volksbank Straubing EG provides.

This page is meant to help people who sends money to an account at Volksbank Straubing EG and wants to get the details right. Keep in mind that the BIC just identifies the bank, not the person: the account number or IBAN takes care of that.

Receiving money from abroad at Volksbank Straubing EG

When you are waiting for a payment from another country, send the payer everything they need in one go. Share the account holder’s name, the IBAN or account number, the BIC GENODEF1SRX and your address, which some banks require.

Some banks want the name and address of Volksbank Straubing EG; it does no harm to include it. A mistake in your account number can be more trouble than it looks; copy them from your banking app rather than typing.

An incoming payment will not always arrive for the full amount. Fees for incoming transfers differ per bank; check the price list of Volksbank Straubing EG. For business payments, you can agree how the fees are split, so that nobody is left short.

Before you send: check the Volksbank Straubing EG code

Have the recipient send you their account details directly from their banking app. If the code you have differs from GENODEF1 or GENODEF1SRX, stop and ask – contact the recipient or Volksbank Straubing EG.

An incorrect BIC can cause a delay, a payment being sent back or additional charges. An error in the IBAN or account number is a bigger problem, because the money may be credited to someone else.

Many banking apps check the structure of an IBAN – that confirms the format, not the owner. Some banks now check the payee name with the account – do not ignore a mismatch warning. Sending a small amount first can be a sensible step for large sums despite the extra fee.

What the XXX in GENODEF1SRX means

The layout of every SWIFT code never changes: four characters for the institution, a two-letter country code and two for the location, plus an optional branch code. The result is GENODEF1.

XXX at the end of GENODEF1SRX does not stand for a placeholder or an error: it stands for the head office of Volksbank Straubing EG. Certain payment forms ask for 11 characters, and then you simply add XXX after GENODEF1.

Do not add spaces or dashes when you type GENODEF1. Pasting the code is safer than retyping it, because one wrong letter changes the bank.

Choosing between the 2 SWIFT codes of Volksbank Straubing EG

Our database contains 2 SWIFT/BIC codes for Volksbank Straubing EG in 2 places. Next to the head office code GENODEF1SRX, there are codes for regional offices and specialised units.

For most incoming transfers, the head office code GENODEF1SRX is the right choice. Only use a branch code when the recipient explicitly asks for it, for example on a letter or invoice.

Not sure which code applies? Check with the recipient, or look at a recent statement from Volksbank Straubing EG. Codes are sometimes changed or retired when banks reorganise.

A note on our data

This directory is based on public sources and is updated regularly. Still, banks merge or retire codes and our data may lag behind. Figures such as the number of codes come from our own dataset and are not confirmed by Volksbank Straubing EG.

Before any payment that matters, always confirm the BIC with Volksbank Straubing EG or the recipient. GoldexPay is an independent comparison service and not part of Volksbank Straubing EG. If you notice a mistake, we welcome a short note.

When will the money arrive at Volksbank Straubing EG?

How quickly a payment arrives at Volksbank Straubing EG is determined by a few things: the currency, the number of banks in between, cut-off times and time zones. Payments made after the cut-off time or just before weekends and holidays usually start a business day later. Sometimes a bank asks what the payment is for.

When a payment takes longer than expected, ask your bank about the tracking status and the transaction reference. Keep your transfer receipt until the money has arrived.

If the money does not arrive within the expected time, the sender should start with their own bank, not the receiving bank. Request from the sender a copy of the payment confirmation – it helps your own bank look for the money.

Sending EUR to Volksbank Straubing EG

Germany uses the Euro. A payment in a foreign currency is exchanged into EUR on its way to Volksbank Straubing EG. You rarely see a separate charge for that conversion.

Which bank converts the money matters. Transferring the amount directly in EUR often prevents a second conversion at the receiving end – as long as your own rate is good.

Rates for EUR change during the day. On larger amounts, a small gap in the rate can be worth more than the fee.

What a transfer from Volksbank Straubing EG abroad really costs

When you send money to another country via Volksbank Straubing EG, the visible fee is only part of what you pay. There is the transfer fee, sometimes charges from correspondent banks in between and, most importantly, the margin on the exchange rate when the money is converted.

Many banks rarely list the margin on the rate separately. An easy check: put the rate you get against the mid-market rate and look at the difference.

For many routes, a transfer service turns out to be less expensive than a traditional bank transfer – mostly thanks to the rate. On GoldexPay we compare what recipients receive with different providers. You can always use your account at Volksbank Straubing EG as the source of the money.

Do you need GENODEF1 for a SEPA transfer?

Germany belongs to the SEPA area, the zone for standardised euro payments. When you send euros from another SEPA country, the IBAN is usually enough and the BIC is often filled in automatically.

Outside the euro and for senders outside SEPA, GENODEF1SRX or GENODEF1 remains required. If a payment form asks for the BIC regardless, entering GENODEF1 is fine.

Instant euro transfers are increasingly available across SEPA; check with Volksbank Straubing EG whether it applies to your account. As long as the payment stays in euros, a SEPA transfer is inexpensive.

Scams that use SWIFT codes

Scammers regularly send fake invoices containing new bank details sent from what looks like a familiar address. That GENODEF1 is a real code does not mean that the account is legitimate; criminals use the codes of real banks too.

Check new bank details via a different channel like a call to a number from an earlier contract. Watch out for time pressure, odd spelling or an email address that differs by one letter. When a payment has already gone to a fraudster, contact your bank immediately: the sooner they act, the better the chance of a recall.

Scams also target the receiver: someone claims to have sent more than agreed and wants you to refund the difference via a different route. Wait until the money is actually in your account – ask Volksbank Straubing EG if something looks wrong.