SWIFT Code GENODEF1SPM — VOLKSBANK SPREE-NEISSE EG, SPREMBERG

About SWIFT Code GENODEF1SPM — VOLKSBANK SPREE-NEISSE EG, SPREMBERG

SWIFT code GENODEF1SPM is the official 11-character branch-specific BIC (Bank Identifier Code) for VOLKSBANK SPREE-NEISSE EG in SPREMBERG, 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 SPREE-NEISSE EG for all outward international remittances from SPREMBERG. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code GENODEF1SPM

The code GENODEF1SPM follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code GENODEF1SPM

Receiving International Wire Transfers

To receive money from abroad at your VOLKSBANK SPREE-NEISSE EG account in SPREMBERG, share SWIFT code GENODEF1SPM 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 SPREE-NEISSE EG, SPREMBERG must provide SWIFT code GENODEF1SPM. 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 SPREE-NEISSE EG in SPREMBERG rely on SWIFT code GENODEF1SPM 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 SPREE-NEISSE EG →

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

For TDS challan deposits, find the BSR code for VOLKSBANK SPREE-NEISSE EG →

How SWIFT Code GENODEF1SPM Routes an International Transfer

1. Initiation: The sender provides SWIFT code GENODEF1SPM 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 SPREE-NEISSE EG.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: VOLKSBANK SPREE-NEISSE EG receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code GENODEF1SPM

• Spaces or lowercase letters — Always enter GENODEF1SPM uppercase with no spaces.
• Using the wrong city — This code is for SPREMBERG 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 GENODEF1SPM directly with VOLKSBANK SPREE-NEISSE EG's SPREMBERG branch or via the SWIFT BIC Directory.