SWIFT Code GENODEM1IBB — VR-BANK KREIS STEINFURT EG, IBBENBUEREN

About SWIFT Code GENODEM1IBB — VR-BANK KREIS STEINFURT EG, IBBENBUEREN

SWIFT code GENODEM1IBB is the official 11-character branch-specific BIC (Bank Identifier Code) for VR-BANK KREIS STEINFURT EG in IBBENBUEREN, 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 VR-BANK KREIS STEINFURT EG for all outward international remittances from IBBENBUEREN. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code GENODEM1IBB

The code GENODEM1IBB follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code GENODEM1IBB

Receiving International Wire Transfers

To receive money from abroad at your VR-BANK KREIS STEINFURT EG account in IBBENBUEREN, share SWIFT code GENODEM1IBB 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 VR-BANK KREIS STEINFURT EG, IBBENBUEREN must provide SWIFT code GENODEM1IBB. 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 VR-BANK KREIS STEINFURT EG in IBBENBUEREN rely on SWIFT code GENODEM1IBB 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 VR-BANK KREIS STEINFURT EG →

For cheque clearing or NACH mandates, use the MICR code for VR-BANK KREIS STEINFURT EG →

For TDS challan deposits, find the BSR code for VR-BANK KREIS STEINFURT EG →

How SWIFT Code GENODEM1IBB Routes an International Transfer

1. Initiation: The sender provides SWIFT code GENODEM1IBB 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 VR-BANK KREIS STEINFURT EG.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: VR-BANK KREIS STEINFURT EG receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code GENODEM1IBB

• Spaces or lowercase letters — Always enter GENODEM1IBB uppercase with no spaces.
• Using the wrong city — This code is for IBBENBUEREN 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 GENODEM1IBB directly with VR-BANK KREIS STEINFURT EG's IBBENBUEREN branch or via the SWIFT BIC Directory.