SWIFT Code GENODEM1ERR — VOLKSBANK ERLE EG, RAESFELD-ERLE

About SWIFT Code GENODEM1ERR — VOLKSBANK ERLE EG, RAESFELD-ERLE

SWIFT code GENODEM1ERR is the official 11-character branch-specific BIC (Bank Identifier Code) for VOLKSBANK ERLE EG in RAESFELD-ERLE, 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 ERLE EG for all outward international remittances from RAESFELD-ERLE. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code GENODEM1ERR

The code GENODEM1ERR follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code GENODEM1ERR

Receiving International Wire Transfers

To receive money from abroad at your VOLKSBANK ERLE EG account in RAESFELD-ERLE, share SWIFT code GENODEM1ERR 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 ERLE EG, RAESFELD-ERLE must provide SWIFT code GENODEM1ERR. 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 ERLE EG in RAESFELD-ERLE rely on SWIFT code GENODEM1ERR 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 ERLE EG →

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

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

How SWIFT Code GENODEM1ERR Routes an International Transfer

1. Initiation: The sender provides SWIFT code GENODEM1ERR 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 ERLE EG.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: VOLKSBANK ERLE EG receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code GENODEM1ERR

• Spaces or lowercase letters — Always enter GENODEM1ERR uppercase with no spaces.
• Using the wrong city — This code is for RAESFELD-ERLE 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 GENODEM1ERR directly with VOLKSBANK ERLE EG's RAESFELD-ERLE branch or via the SWIFT BIC Directory.