Vr-Bank Fichtelgebirge SWIFT/BIC code

GENODEF1 – the SWIFT/BIC code of Vr-Bank Fichtelgebirge

GENODEF1 and GENODEF1MAK are two ways of writing the same bank identifier, and both lead to Vr-Bank Fichtelgebirge in Marktredwitz. A SWIFT code shows the banks handling a payment exactly which bank is meant to get the money, much like a postcode for banks. In daily life you mostly see it on international invoices, in your banking app and on the account details of Vr-Bank Fichtelgebirge customers.

On this page we explain what the code means, when it matters and which other details you need for a transfer to or from Vr-Bank Fichtelgebirge. The SWIFT code alone does not identify an individual account holder; for that you need the IBAN or account number .

Which of the 2 codes of Vr-Bank Fichtelgebirge do you need?

Vr-Bank Fichtelgebirge uses 2 separate SWIFT/BIC codes. Only one is the head office code; the others identify branches or departments.

Unless the recipient tells you otherwise, go with GENODEF1MAK or its short form GENODEF1. When you receive a branch code, use it as it is rather than replacing it for the head office code.

The best way is to take the code directly from the recipient’s statement. Codes for branches are more likely to be retired than the head office code when a bank merges or closes offices.

Do you need GENODEF1 for a SEPA transfer?

Since Germany is in SEPA, a euro payment to Vr-Bank Fichtelgebirge from another SEPA country normally requires just the IBAN. Many banks do not require the BIC for these payments.

You still need GENODEF1MAK when sending non-euro payments or money from outside the SEPA area. Some forms still ask for the BIC; in that case, enter GENODEF1.

Instant payments in euros are increasingly supported across SEPA. Charges on SEPA payments tend to be low.

Is GENODEF1 still correct? How to check

Have the recipient send you the account details straight from a recent statement. Check that code with GENODEF1 here and ask if anything does not match.

A wrong SWIFT code may lead to delays, a payment being sent back or extra fees. Do not forget the IBAN: an error there can be more difficult to correct than a wrong code.

Most online banking apps check the structure of IBANs and some suggest the matching BIC, but that does not prove the account belongs to the right person. If your bank offers it, a name check on the recipient gives an extra layer of safety. For a first payment, many people start with a small test amount before sending the rest.

A note on our data

We gather SWIFT/BIC codes from publicly available data and check them from time to time. Even so, banks merge or retire codes, so information can be out of date. The number of codes we show reflect what is in our directory, not official figures from Vr-Bank Fichtelgebirge.

Treat our data as a reference, not as the last word – the bank details from the recipient are leading. GoldexPay is an independent comparison service and not affiliated with Vr-Bank Fichtelgebirge. Found outdated information? Tell us via our contact form so we can correct it.

Paying into Vr-Bank Fichtelgebirge in EUR

Accounts at Vr-Bank Fichtelgebirge are typically held in EUR, the national currency. When you pay another currency, the amount has to be converted at some point. There is rarely a separate charge for that conversion.

Who converts the money makes a difference. Often you pay less if you send EUR straight away via a transfer service that converts near the mid-market rate, so that the receiving bank does not need to convert again.

Exchange rates change during the day – some services let you fix a rate in advance. On larger amounts, even small difference in the rate can be worth more than the fee.

Transfer times and tracking a payment to Vr-Bank Fichtelgebirge

There is no single delivery time: some land within a day while others need several business days. Weekends and public holidays in either country can add a day or more to the journey. Sometimes a bank asks about the purpose of a payment, which can hold things up.

When a payment takes longer than expected, ask the sending bank about the tracking status or the UETR; with that reference banks can see where the payment is. Specialist transfer services usually show tracking in their app showing where the payment has got.

A delayed transfer is traced by the sending bank, using the payment confirmation. Ask the sender for a copy of the payment confirmation with the date and reference – it helps your own bank look for the money.

Paying someone abroad from your Vr-Bank Fichtelgebirge account

A bank transfer abroad costs more than the fee suggests. There is the transfer fee, possibly charges from correspondent banks along the way and, most importantly, the margin on the exchange rate when the money is converted.

The real cost is often in the rate: many banks convert using an exchange rate with a margin built in. A simple test: put the bank’s rate next to the mid-market rate and work out the difference on your amount.

For many routes, a transfer service is less expensive than a traditional bank transfer, mainly because of the exchange rate. Before your next transfer, take a minute comparing what arrives via GoldexPay. You can still use your account at Vr-Bank Fichtelgebirge; only the conversion and sending happen elsewhere.

GENODEF1 or GENODEF1MAK – which one to use?

The structure of a BIC never changes: a bank code of four letters, a two-letter country code and a two-character location code. In this case, the 8-character core is GENODEF1.

Many payment forms work with both lengths. If a form requires eleven characters, enter GENODEF1MAK; if it wants eight, use GENODEF1.

Enter the code as one block, in upper case and without spaces, exactly as shown here. A single character can send the money to a different institution, so copy it carefully.

Receiving money from abroad at Vr-Bank Fichtelgebirge

Someone abroad who wants to pay you needs a few details from you. What they need is: your name, account number or IBAN, GENODEF1MAK and often your home address.

Some banks also ask for the bank’s address, so keep it at hand. Double-check the details before you send them – a sender rarely spots a mistake in someone else’s details.

Do not be surprised if the incoming amount is below what the sender paid. Fees for incoming transfers differ from bank to bank. Agree with the sender who pays which costs before the money is sent.

Watch out for payment fraud

Fraudsters often send fake invoices containing new bank details, sometimes in an email that looks completely genuine. The fact that GENODEF1 exists does not mean that a request mentioning it is genuine; criminals use the codes of real banks too.

Always confirm changed bank details by phone on a number you know, not one from the message. Pressure or requests to keep it quiet are red flags. When money was sent to a fraudster, call your bank right away – speed improves the chance of getting it back.

Recipients can be targeted as well: one known trick is a buyer who pays too much and then sends a request to send back the difference to another account. A screenshot of a transfer is no proof; only your own account shows what has arrived.