About SWIFT Code GENODEM1LAE

GENODEM1LAE identifies Volksbank Laer EG in Laer, Germany, on the international SWIFT network. The code breaks down as: bank code GENO, country DE, location M1, and branch LAE.

Use this code when receiving or sending an international wire transfer to Volksbank Laer EG. You will usually also need the recipient's account number or IBAN. Learn how SWIFT codes work →

Always confirm the SWIFT code with the receiving bank before transferring money - codes can change and branch codes vary by account type.

Frequently Asked Questions

What bank uses SWIFT code GENODEM1LAE?

GENODEM1LAE belongs to Volksbank Laer EG in Laer, Germany.

Is GENODEM1LAE valid for international transfers?

Yes - it's a valid 11-character BIC: bank code GENO, country DE, location M1, branch LAE. Pair it with the recipient's account number or IBAN, and always confirm with the receiving bank before wiring money.

What's the difference between an 8 and 11 character code?

8-character codes identify the bank's head office; 11-character codes add a 3-character branch identifier. If no branch code is given, "XXX" (head office) is assumed.

What do I need besides the SWIFT code for an international transfer?

Typically the recipient's full name and address, their account number or IBAN, the bank's name and address, and the SWIFT/BIC code GENODEM1LAE. Some countries also require a purpose-of-payment code.