SWIFT Code GENODEF1QLY — OSTHARZER VOLKSBANK EG, ASCHERSLEBEN

About SWIFT Code GENODEF1QLY — OSTHARZER VOLKSBANK EG, ASCHERSLEBEN

SWIFT code GENODEF1QLY is the official 11-character branch-specific BIC (Bank Identifier Code) for OSTHARZER VOLKSBANK EG in ASCHERSLEBEN, 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 OSTHARZER VOLKSBANK EG for all outward international remittances from ASCHERSLEBEN. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code GENODEF1QLY

The code GENODEF1QLY follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code GENODEF1QLY

Receiving International Wire Transfers

To receive money from abroad at your OSTHARZER VOLKSBANK EG account in ASCHERSLEBEN, share SWIFT code GENODEF1QLY 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 OSTHARZER VOLKSBANK EG, ASCHERSLEBEN must provide SWIFT code GENODEF1QLY. 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 OSTHARZER VOLKSBANK EG in ASCHERSLEBEN rely on SWIFT code GENODEF1QLY 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 OSTHARZER VOLKSBANK EG →

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

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

How SWIFT Code GENODEF1QLY Routes an International Transfer

1. Initiation: The sender provides SWIFT code GENODEF1QLY 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 OSTHARZER VOLKSBANK EG.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: OSTHARZER VOLKSBANK EG receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code GENODEF1QLY

• Spaces or lowercase letters — Always enter GENODEF1QLY uppercase with no spaces.
• Using the wrong city — This code is for ASCHERSLEBEN 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 GENODEF1QLY directly with OSTHARZER VOLKSBANK EG's ASCHERSLEBEN branch or via the SWIFT BIC Directory.