SWIFT/BIC code GENODEF1PAY
GENODEF1PAY belongs to Raiffeisenbank Parsberg EG in Velburg, Germany.
Code details
| SWIFT/BIC code | GENODEF1PAY |
|---|---|
| 8-character code | GENODEF1 |
| Branch code | PAY |
| Bank | Raiffeisenbank Parsberg EG |
| Branch | — |
| City | Velburg |
| Country | Germany |
The way the Raiffeisenbank Parsberg EG SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- GENO Bank code
- 4 letters that identify the bank.
- DE Country code
- 2 letters for the country (ISO 3166).
- F1 Location code
- 2 characters for the city or region of the head office.
- PAY Branch code
- 3 characters for a specific branch. XXX means the head office.
Check before you send
- Ask the recipient which bank and branch the account is held at.
- Use the head office code (XXX) when no branch is specified.
- Make sure the country in the code matches the country of the account.
Frequently asked questions
Which bank uses SWIFT/BIC code GENODEF1PAY?
The code GENODEF1PAY belongs to Raiffeisenbank Parsberg EG, a branch or department of Raiffeisenbank Parsberg EG in Velburg, Germany. Only use it if the account is held at this specific branch.
Can I use GENODEF1 instead of GENODEF1PAY?
GENODEF1 is the head office of Raiffeisenbank Parsberg EG, while GENODEF1PAY points to Raiffeisenbank Parsberg EG. For a normal transfer the head office code is usually fine, yet follow the instructions of the recipient if they mention GENODEF1PAY.
What is the best way to send money to Raiffeisenbank Parsberg EG?
Many banks add several percent to the exchange rate on top of a fee. Check the amount that arrives in Euro with specialist providers before you send.
Does Raiffeisenbank Parsberg EG have more SWIFT/BIC codes?
Yes, our database contains 2 SWIFT/BIC codes for Raiffeisenbank Parsberg EG in Germany, for the head office and several branches or departments. All of them are listed on the page of Raiffeisenbank Parsberg EG.
What happens if I use GENODEF1PAY incorrectly?
The payment may be delayed, returned or charged extra fees. Double-check GENODEF1PAY against the details from Raiffeisenbank Parsberg EG before you confirm.
Do I need GENODEF1PAY to send euros to Germany?
Germany is part of the SEPA area. For euro transfers the IBAN is usually enough and many banks fill in the BIC automatically. For other currencies you do need GENODEF1PAY.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.