Augusta-Bank EG Raiffeisen-Volksbank SWIFT/BIC code

SWIFT/BIC code of Augusta-Bank EG Raiffeisen-Volksbank

The 8-character code GENODEF1 and the 11-character code GENODEF1AUY refer to one and the same institution: Augusta-Bank EG Raiffeisen-Volksbank in Aichach, Germany. The code does one job: it makes sure that an international payment ends up at the right bank. It comes up mainly for payments that cross a border or a currency.

We wrote this page to help anyone who pays into an account at Augusta-Bank EG Raiffeisen-Volksbank and wants to get the details right. The SWIFT code on its own cannot identify an individual account holder; that is what the account number or IBAN is for.

Incoming international payments to Augusta-Bank EG Raiffeisen-Volksbank

If you expect money from abroad, give the sender everything they need in one go. In practice that means: your name exactly as it appears on the account, your account number or IBAN, the BIC GENODEF1AUY (or GENODEF1) and usually your address.

Some banks want the name and address of Augusta-Bank EG Raiffeisen-Volksbank, so keep it at hand. A mistake in the IBAN can be more trouble than it looks; copy them from your banking app rather than typing.

Money from abroad will not always land in full. Charges on incoming payments differ per bank; check the price list of Augusta-Bank EG Raiffeisen-Volksbank. Make clear with the sender who pays which costs before the money is sent.

Euro (EUR) and conversion costs

Germany pays in the Euro. Money sent in a different currency is exchanged into EUR on its way to Augusta-Bank EG Raiffeisen-Volksbank, and whoever converts it chooses the rate. Each conversion eats into the amount – usually through the rate rather than a fee.

Where the conversion happens affects the final amount. Sending the money directly in EUR usually prevents an extra conversion at the receiving end – as long as your own rate is good.

Rates for EUR change during the day – some services let you fix a rate in advance. If you pay regularly, a slightly better rate add up over time.

Protect yourself against fake payment requests

Be wary if someone suddenly wants you to pay into a different account. A real SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Do not trust a phone number in the same message that announces the new account. Pressure or secrecy tend to be warning signs. Acted too fast? Call the bank you paid from without delay and have them try to recall the payment; also report it to the police.

Recipients can be targeted as well: a classic trick is an overpayment and then sends a request to send back the difference. Do not act before the money is actually in your account and check with Augusta-Bank EG Raiffeisen-Volksbank if anything seems off.

Transfer times and tracking a payment to Augusta-Bank EG Raiffeisen-Volksbank

How quickly a transfer arrives at Augusta-Bank EG Raiffeisen-Volksbank depends on a few things: which currency you send, the number of banks in between, daily processing deadlines and time zones. Transfers sent late in the day or on weekends and holidays often start a business day later. Occasionally a bank wants to know about the purpose of a payment, which can hold things up.

If a transfer is delayed, contact your bank about the status or the UETR. Save the payment confirmation until the recipient confirms.

A missing payment has to be investigated by the sending bank on the basis of the transfer details. Request from the sender the payment receipt; that often settles the question quickly.

Choosing between the 2 SWIFT codes of Augusta-Bank EG Raiffeisen-Volksbank

Having 2 codes in 2 locations, Augusta-Bank EG Raiffeisen-Volksbank belongs to the banks that register individual codes for parts of the organisation. The main code is GENODEF1AUY.

Unless the recipient tells you otherwise, use GENODEF1AUY or its short form GENODEF1. Only use a branch code when your contact gives you that exact code, for example on a letter or invoice.

Not sure which code applies? Ask the recipient, or look at a recent statement from Augusta-Bank EG Raiffeisen-Volksbank. Branch codes are sometimes changed or retired over time.

What the XXX in GENODEF1AUY means

Each SWIFT/BIC code has an 8-character core: a four-letter bank code, a two-letter country code and two characters for the location. In this case, that core is GENODEF1.

XXX at the end of GENODEF1AUY does not stand for a missing value or a mistake: it stands for the main office of Augusta-Bank EG Raiffeisen-Volksbank. Some banking apps ask for 11 characters, and then you simply enter XXX after GENODEF1.

Do not add spaces when you type GENODEF1; the code is always written in one block. Pasting the code is safer than typing it by hand: a typo can point to another bank.

Sending money abroad from Augusta-Bank EG Raiffeisen-Volksbank

If you send money abroad from Augusta-Bank EG Raiffeisen-Volksbank, the visible fee is rarely all of what you pay. Besides a fixed fee, banks in between can deduct a fee, and if the money changes currency, the bank often applies a rate below the real market rate.

The markup on the rate is often the largest item. Check their rate against the mid-market rate. The difference is your real conversion cost.

Specialised transfer providers often use rates closer to the mid-market rate. Before your next transfer, take a minute comparing what arrives via GoldexPay instead of going straight to your bank. You can still keep your account at Augusta-Bank EG Raiffeisen-Volksbank; only the conversion and sending happen elsewhere.

A note on our data

The details on this page come from public sources. Institutions merge, close branches and change codes – a directory can be a step behind. Counts and locations come from our directory.

Before any payment that matters, check the BIC with Augusta-Bank EG Raiffeisen-Volksbank or with the recipient. GoldexPay is independent of Augusta-Bank EG Raiffeisen-Volksbank. If you notice something that is out of date, we appreciate a message.

Verifying the SWIFT code of Augusta-Bank EG Raiffeisen-Volksbank

The most reliable place for the correct BIC is a document from the bank itself like a bank statement or the account page in online banking. Compare it against GENODEF1 here; if they differ, ask before you pay.

A wrong SWIFT code may lead to a delay, a payment being sent back or additional charges along the way. A mistake in the IBAN or account number can be more serious, because the money may be credited to someone else, so check that just as carefully.

An automatic check in your banking app only confirms that the IBAN is valid, not that it is the right account. If your bank offers it, a payee name check on the recipient adds an extra layer of safety. For a first payment, some people start with a small amount first and wait for confirmation.

Euro transfers to Augusta-Bank EG Raiffeisen-Volksbank: is a BIC needed?

Inside SEPA, euro transfers to an account in Germany use the same rules, so the IBAN does the job in most cases. The BIC field is usually optional or missing for those payments.

Outside the euro and for senders outside SEPA, GENODEF1AUY or GENODEF1 remains part of the payment details. A few banks and apps also ask for the BIC out of habit; if so, fill in GENODEF1 or GENODEF1AUY.

Euro payments within SEPA usually arrive by the next business day; instant payments are faster if both banks offer them. As long as no currency is converted, the transfer tends to be cheap.