Raiffeisenbank Aiglsbach EG SWIFT/BIC code

What GENODEF1 means for a payment to Raiffeisenbank Aiglsbach EG

Whether you are given GENODEF1 or GENODEF1AIG, it is the same identifier for Raiffeisenbank Aiglsbach EG in Germany. Banks worldwide use BIC codes to route payments between countries to the correct institution. In practice you mostly see it on invoices from abroad, in payment forms and on the account details of Raiffeisenbank Aiglsbach EG customers.

On this page you can read how the code is put together, when it matters and which other details you need for a transfer to or from Raiffeisenbank Aiglsbach EG. The SWIFT code on its own does not identify a personal account; for that you need the IBAN or account number is for.

Before you send: check the Raiffeisenbank Aiglsbach EG code

The most reliable place for the right code remains paperwork issued by the bank, such as a statement or the account details in online banking. When the code you were given does not match GENODEF1 or GENODEF1AIG, do not guess: check with the recipient or with Raiffeisenbank Aiglsbach EG directly.

If the code is wrong, the payment might be delayed, bounce back or end up costing more – sometimes after weeks of searching. Remember the IBAN: a mistake there is more difficult to correct than a wrong BIC.

Most online banking apps check the structure of an IBAN and sometimes look up the BIC automatically – that confirms the format, not the owner. If your bank offers it, a payee name check on the recipient adds an extra layer of safety. Sending a small amount first is a sensible step for large sums despite the extra fee.

SEPA payments and the Raiffeisenbank Aiglsbach EG BIC

Inside SEPA, euro transfers to Raiffeisenbank Aiglsbach EG follow common rules, so the IBAN does the job in most cases. A field for the BIC is usually optional or missing in that case.

The BIC still come into play when the currency is not euros and when the money comes from outside SEPA. A few banks and apps still show a field for the BIC out of habit; in that case, enter GENODEF1.

Instant payments in euros are widely available across SEPA – whether Raiffeisenbank Aiglsbach EG offers them for your account is worth checking. Provided no currency is converted, the transfer is cheap.

What to give a sender who pays you at Raiffeisenbank Aiglsbach EG

When you are waiting for a payment from another country, send the payer all details at once. That means: your full name as registered with Raiffeisenbank Aiglsbach EG, your account number or IBAN, the SWIFT/BIC code GENODEF1AIG and, often, your postal address.

The sender’s bank may also ask for the address of your bank. Check each detail before you share them – a sender rarely spots a mistake in someone else’s details.

The amount you receive can be lower than what was sent. Charges on incoming payments differ from bank to bank – the price list of Raiffeisenbank Aiglsbach EG tells you what applies. Make clear with the sender who pays which costs before the money is sent.

Sending EUR to Raiffeisenbank Aiglsbach EG

Accounts at Raiffeisenbank Aiglsbach EG are usually held in EUR, the local currency of Germany. When you pay money in a different currency it gets converted somewhere along the way: by your bank, an intermediary or Raiffeisenbank Aiglsbach EG itself. Each conversion costs the amount.

Where the conversion happens has an effect on how much arrives. Check what EUR the recipient gets via several services before choosing one.

The EUR rate changes throughout the day. With bigger transfers, even seemingly small difference in the rate adds up quickly.

Which of the 2 codes of Raiffeisenbank Aiglsbach EG do you need?

Our directory lists 2 SWIFT/BIC codes for Raiffeisenbank Aiglsbach EG in 2 places. Next to the head office code GENODEF1AIG, there are codes for individual branches and departments.

In most cases there is no need to pick a branch: payments addressed to GENODEF1AIG are routed within Raiffeisenbank Aiglsbach EG without problems. Branch codes are only needed when the recipient’s bank specifically asks for it, which is more common for corporate accounts and specialised services.

The safest route is to take the code straight from the account holder’s invoice. Codes for branches are more prone to be retired than the head office code.

GENODEF1 or GENODEF1AIG – which one to use?

A BIC is built from a few fixed parts: characters one to four identify the bank, the next two show the country and characters seven and eight mark the location. In this case, the 8-character core is GENODEF1.

Many banks and apps work with either length. If yours asks for eleven characters, enter GENODEF1AIG; if it wants eight, use GENODEF1.

Enter the code in one piece, in upper case and without spaces. A wrong letter can send a payment to a different institution.

How up to date is this code?

The details on this page are taken from publicly available data. Still, banks merge, rename themselves or change codes. The figures on this page reflect what is in our directory and not on information from Raiffeisenbank Aiglsbach EG itself.

Use this page as a starting point, rather than as the last word – the bank details from the recipient are leading. We are a comparison service and not affiliated with Raiffeisenbank Aiglsbach EG. Should you notice something that is out of date, we welcome a short note.

Paying someone abroad from your Raiffeisenbank Aiglsbach EG account

An international bank payment can cost rather more than the fee suggests. You pay the transfer fee, sometimes charges from correspondent banks along the way and, most importantly, the exchange rate markup when the money is converted.

Banks do not list their exchange rate markup as a cost. Check their rate against the mid-market rate. The difference is your real conversion cost.

Specialist money transfer services frequently use a rate near the mid-market rate and lower fees. On GoldexPay we compare what recipients receive across services, so you can pick the cheapest route. Choosing a specialist does not mean leaving Raiffeisenbank Aiglsbach EG.

When will the money arrive at Raiffeisenbank Aiglsbach EG?

How fast a transfer reaches Raiffeisenbank Aiglsbach EG depends on several factors: the currency, the number of banks in between, daily processing deadlines and time zones. Weekends and public holidays in the sending or receiving country can add a day or more. Occasionally a bank wants to know what the payment is for before releasing it.

When a payment takes longer than expected, contact your bank for the tracking status or the UETR so they can trace it along the chain. Money transfer services usually provide tracking online showing where the money is.

A missing payment is investigated by the sending bank, using the payment confirmation. Ask the sender for the payment receipt with the date and reference – it helps your own bank look for the money.

Watch out for payment fraud

One of the most common tricks works like this: you receive a message claiming that a contact now has new bank details. A real SWIFT code says nothing about who owns the account – scammers simply use real codes.

Always confirm changed bank details through a phone call on a number you know, not one from the message. Urgency and requests to keep it quiet are red flags. When a payment was sent to a fraudster, contact your bank immediately: the sooner they act, the better the chance of a recall.

People receiving money can be targeted as well: a classic trick is an overpayment followed by a request to refund the difference to another account. Wait until the money has really arrived.