SWIFT Code GENODE51DAA — VOLKSBANK DAADEN EG, DAADEN

About SWIFT Code GENODE51DAA — VOLKSBANK DAADEN EG, DAADEN

SWIFT code GENODE51DAA is the official 11-character branch-specific BIC (Bank Identifier Code) for VOLKSBANK DAADEN EG in DAADEN, 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 VOLKSBANK DAADEN EG for all outward international remittances from DAADEN. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code GENODE51DAA

The code GENODE51DAA follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code GENODE51DAA

Receiving International Wire Transfers

To receive money from abroad at your VOLKSBANK DAADEN EG account in DAADEN, share SWIFT code GENODE51DAA 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 VOLKSBANK DAADEN EG, DAADEN must provide SWIFT code GENODE51DAA. 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 VOLKSBANK DAADEN EG in DAADEN rely on SWIFT code GENODE51DAA 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 VOLKSBANK DAADEN EG →

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

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

How SWIFT Code GENODE51DAA Routes an International Transfer

1. Initiation: The sender provides SWIFT code GENODE51DAA 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 VOLKSBANK DAADEN EG.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: VOLKSBANK DAADEN EG receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code GENODE51DAA

• Spaces or lowercase letters — Always enter GENODE51DAA uppercase with no spaces.
• Using the wrong city — This code is for DAADEN 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 GENODE51DAA directly with VOLKSBANK DAADEN EG's DAADEN branch or via the SWIFT BIC Directory.