SWIFT Code GENODE61HAG — HAGNAUER VOLKSBANK EG, HAGNAU

About SWIFT Code GENODE61HAG — HAGNAUER VOLKSBANK EG, HAGNAU

SWIFT code GENODE61HAG is the official 11-character branch-specific BIC (Bank Identifier Code) for HAGNAUER VOLKSBANK EG in HAGNAU, Germany. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by HAGNAUER VOLKSBANK EG for all outward international remittances from HAGNAU. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code GENODE61HAG

The code GENODE61HAG follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code GENODE61HAG

Receiving International Wire Transfers

To receive money from abroad at your HAGNAUER VOLKSBANK EG account in HAGNAU, share SWIFT code GENODE61HAG with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at HAGNAUER VOLKSBANK EG, HAGNAU must provide SWIFT code GENODE61HAG. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using HAGNAUER VOLKSBANK EG in HAGNAU rely on SWIFT code GENODE61HAG for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for HAGNAUER VOLKSBANK EG →

For cheque clearing or NACH mandates, use the MICR code for HAGNAUER VOLKSBANK EG →

For TDS challan deposits, find the BSR code for HAGNAUER VOLKSBANK EG →

How SWIFT Code GENODE61HAG Routes an International Transfer

1. Initiation: The sender provides SWIFT code GENODE61HAG and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to HAGNAUER VOLKSBANK EG.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: HAGNAUER VOLKSBANK EG receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code GENODE61HAG

• Spaces or lowercase letters — Always enter GENODE61HAG uppercase with no spaces.
• Using the wrong city — This code is for HAGNAU only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within Germany.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm GENODE61HAG directly with HAGNAUER VOLKSBANK EG's HAGNAU branch or via the SWIFT BIC Directory.