SWIFT Code GENODEF1RIE — VOLKSBANK RIESA EG, RIESA

About SWIFT Code GENODEF1RIE — VOLKSBANK RIESA EG, RIESA

SWIFT code GENODEF1RIE is the official 11-character branch-specific BIC (Bank Identifier Code) for VOLKSBANK RIESA EG in RIESA, 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 RIESA EG for all outward international remittances from RIESA. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code GENODEF1RIE

The code GENODEF1RIE follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code GENODEF1RIE

Receiving International Wire Transfers

To receive money from abroad at your VOLKSBANK RIESA EG account in RIESA, share SWIFT code GENODEF1RIE 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 RIESA EG, RIESA must provide SWIFT code GENODEF1RIE. 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 RIESA EG in RIESA rely on SWIFT code GENODEF1RIE 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 RIESA EG →

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

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

How SWIFT Code GENODEF1RIE Routes an International Transfer

1. Initiation: The sender provides SWIFT code GENODEF1RIE 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 RIESA EG.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: VOLKSBANK RIESA EG receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code GENODEF1RIE

• Spaces or lowercase letters — Always enter GENODEF1RIE uppercase with no spaces.
• Using the wrong city — This code is for RIESA 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 GENODEF1RIE directly with VOLKSBANK RIESA EG's RIESA branch or via the SWIFT BIC Directory.