SWIFT Code GENODES1STY — VOLKSBANK STUTTGART EG, SCHORNDORF

About SWIFT Code GENODES1STY — VOLKSBANK STUTTGART EG, SCHORNDORF

SWIFT code GENODES1STY is the official 11-character branch-specific BIC (Bank Identifier Code) for VOLKSBANK STUTTGART EG in SCHORNDORF, 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 STUTTGART EG for all outward international remittances from SCHORNDORF. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code GENODES1STY

The code GENODES1STY follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code GENODES1STY

Receiving International Wire Transfers

To receive money from abroad at your VOLKSBANK STUTTGART EG account in SCHORNDORF, share SWIFT code GENODES1STY 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 STUTTGART EG, SCHORNDORF must provide SWIFT code GENODES1STY. 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 STUTTGART EG in SCHORNDORF rely on SWIFT code GENODES1STY 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 STUTTGART EG →

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

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

How SWIFT Code GENODES1STY Routes an International Transfer

1. Initiation: The sender provides SWIFT code GENODES1STY 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 STUTTGART EG.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: VOLKSBANK STUTTGART EG receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code GENODES1STY

• Spaces or lowercase letters — Always enter GENODES1STY uppercase with no spaces.
• Using the wrong city — This code is for SCHORNDORF 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 GENODES1STY directly with VOLKSBANK STUTTGART EG's SCHORNDORF branch or via the SWIFT BIC Directory.