SWIFT Code POVODE81 — POMMERSCHE VOLKSBANK EG, RIBNITZ-DAMGARTEN

About SWIFT Code POVODE81 — POMMERSCHE VOLKSBANK EG, RIBNITZ-DAMGARTEN

SWIFT code POVODE81 is the official 8-character head-office BIC (Bank Identifier Code) for POMMERSCHE VOLKSBANK EG in RIBNITZ-DAMGARTEN, 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 POMMERSCHE VOLKSBANK EG for all outward international remittances from RIBNITZ-DAMGARTEN. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code POVODE81

The code POVODE81 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code POVODE81

Receiving International Wire Transfers

To receive money from abroad at your POMMERSCHE VOLKSBANK EG account in RIBNITZ-DAMGARTEN, share SWIFT code POVODE81 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 POMMERSCHE VOLKSBANK EG, RIBNITZ-DAMGARTEN must provide SWIFT code POVODE81. 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 POMMERSCHE VOLKSBANK EG in RIBNITZ-DAMGARTEN rely on SWIFT code POVODE81 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 POMMERSCHE VOLKSBANK EG →

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

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

How SWIFT Code POVODE81 Routes an International Transfer

1. Initiation: The sender provides SWIFT code POVODE81 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 POMMERSCHE VOLKSBANK EG.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: POMMERSCHE VOLKSBANK EG receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code POVODE81

• Spaces or lowercase letters — Always enter POVODE81 uppercase with no spaces.
• Using the wrong city — This code is for RIBNITZ-DAMGARTEN 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 POVODE81 directly with POMMERSCHE VOLKSBANK EG's RIBNITZ-DAMGARTEN branch or via the SWIFT BIC Directory.