SWIFT Code GENODES1DGG — VOLKSBANK-RAIFFEISENBANK DEGGINGEN EG, DEGGINGEN

About SWIFT Code GENODES1DGG — VOLKSBANK-RAIFFEISENBANK DEGGINGEN EG, DEGGINGEN

SWIFT code GENODES1DGG is the official 11-character branch-specific BIC (Bank Identifier Code) for VOLKSBANK-RAIFFEISENBANK DEGGINGEN EG in DEGGINGEN, 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-RAIFFEISENBANK DEGGINGEN EG for all outward international remittances from DEGGINGEN. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code GENODES1DGG

The code GENODES1DGG follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code GENODES1DGG

Receiving International Wire Transfers

To receive money from abroad at your VOLKSBANK-RAIFFEISENBANK DEGGINGEN EG account in DEGGINGEN, share SWIFT code GENODES1DGG 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-RAIFFEISENBANK DEGGINGEN EG, DEGGINGEN must provide SWIFT code GENODES1DGG. 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-RAIFFEISENBANK DEGGINGEN EG in DEGGINGEN rely on SWIFT code GENODES1DGG 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-RAIFFEISENBANK DEGGINGEN EG →

For cheque clearing or NACH mandates, use the MICR code for VOLKSBANK-RAIFFEISENBANK DEGGINGEN EG →

For TDS challan deposits, find the BSR code for VOLKSBANK-RAIFFEISENBANK DEGGINGEN EG →

How SWIFT Code GENODES1DGG Routes an International Transfer

1. Initiation: The sender provides SWIFT code GENODES1DGG 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-RAIFFEISENBANK DEGGINGEN EG.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: VOLKSBANK-RAIFFEISENBANK DEGGINGEN EG receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code GENODES1DGG

• Spaces or lowercase letters — Always enter GENODES1DGG uppercase with no spaces.
• Using the wrong city — This code is for DEGGINGEN 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 GENODES1DGG directly with VOLKSBANK-RAIFFEISENBANK DEGGINGEN EG's DEGGINGEN branch or via the SWIFT BIC Directory.