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SWIFT / BIC Code Details of VOLKSBANK BOENEN EG, MAIN BRANCH Branch
The Swift Code of Volksbank Boenen Eg , Main Branch Branch is GENODEM1BOY
| Country Name | GERMANY |
| Country Code | DE |
| Bank Name | VOLKSBANK BOENEN EG |
| Branch Name | MAIN BRANCH |
| City Name | NORDBOEGGE |
| SWIFT Code | GENODEM1BOY (Use for international fund transfers.) |
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General Information :
The Volksbank Boenen Eg ,
Main Branch Branch is Located in Nordboegge City,
Germany.
The Swift / BIC Code of Volksbank Boenen Eg ,
Main Branch is : GENODEM1BOY
Breakdown of Volksbank Boenen Eg, Main Branch Branch SWIFT Code
| G | E | N | O | D | E | M | 1 | B | O | Y |
| Bank Code | Country ISO Code | Location Code | Branch Code |
|||||||
The first four digits
(GENO) represent the
bank, here it's representing Volksbank Boenen Eg.
Next two digits (DE) is country ISO code & here this code indicates
Germany country.
Next two digits is
(M1) - is location
code, it's use to identify the particular bank location.
- If the second character is "0" - then it is typically a test BIC as opposed to a BIC used on the live network.
- If the second character is "1" - then it denotes a passive participant in the SWIFT network
- If the second character is "2," it typically indicates a reverse billing BIC, in which the recipient pays for the message rather than the more common mode, in which the sender pays for the message.
Last three digits is (BOY) - It's an unique identifier no for the particular bank branch & here it's representing Volksbank Boenen Eg , Main Branch branch.
FAQ
The SWIFT / BIC Code of Volksbank Boenen Eg, Main Branch Branch is : GENODEM1BOY
The Volksbank Boenen Eg , Main Branch is Located in Nordboegge , Germany.
SWIFT / BIC Code
What is SWIFT/BIC Code?
SWIFT codes are abbreviations for the Society of Worldwide Interbank Financial Telecommunication Code. A SWIFT code is a code that is used to identify the country, bank, and branch of an account. A SWIFT code is also known as a BIC (Bank Identifier Code), but they are the same thing.
Formation of SWIFT Code
The Swift Code is either eight or eleven digits long and a combination of letters and numbers.
- The first four characters of the swift code are the bank code.
- The next two digits are the country code.
- The next two digits are the location code, and
- The last three digits are optional and aid in identifying the specific bank branch.
Applications of SWIFT Code/BIC Code
The following are some examples of SWIFT or BIC code applications:
- The Swift/BIC code is used to identify a specific branch of a bank or financial institution.
- It aids in international money transfers and acts as an executor for cross-border payments.
Example: Breakdown of SWIFT/BIC Code
A | B | C | D | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
Bank Code | Country ISO Code | Location Code | Branch Code | |||||||
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