SWIFT Code GENODEF1PEY — VOLKSBANK PEINE EG, ILSEDE

About SWIFT Code GENODEF1PEY — VOLKSBANK PEINE EG, ILSEDE

SWIFT code GENODEF1PEY is the official 11-character branch-specific BIC (Bank Identifier Code) for VOLKSBANK PEINE EG in ILSEDE, 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 PEINE EG for all outward international remittances from ILSEDE. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code GENODEF1PEY

The code GENODEF1PEY follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code GENODEF1PEY

Receiving International Wire Transfers

To receive money from abroad at your VOLKSBANK PEINE EG account in ILSEDE, share SWIFT code GENODEF1PEY 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 PEINE EG, ILSEDE must provide SWIFT code GENODEF1PEY. 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 PEINE EG in ILSEDE rely on SWIFT code GENODEF1PEY 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 PEINE EG →

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

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

How SWIFT Code GENODEF1PEY Routes an International Transfer

1. Initiation: The sender provides SWIFT code GENODEF1PEY 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 PEINE EG.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: VOLKSBANK PEINE EG receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code GENODEF1PEY

• Spaces or lowercase letters — Always enter GENODEF1PEY uppercase with no spaces.
• Using the wrong city — This code is for ILSEDE 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 GENODEF1PEY directly with VOLKSBANK PEINE EG's ILSEDE branch or via the SWIFT BIC Directory.