A bypass valve having an adjustable flow resistance for a device through which a fluid medium flows. The valve includes a seat and a body which is biased closed, and which is movable in the opening direction by a fluid medium pressure difference between the inflow and the outflow side of the valve when the pressure difference exceeds a threshold. A bypass flow path connects the inflow side to the outflow side through the seat. The bypass valve includes a screen disposed in the bypass flow path. The valve body has two different open positions that depend on the fluid medium pressure difference. The entire cross-section of the bypass flow path is covered by the screen in a first valve body open position with a lower pressure difference, and a screen-free bypass flow path cross-section is exposed in a second valve body open position with a greater pressure difference.