Raiffeisenbank Alxing-Bruck EG SWIFT/BIC code

Raiffeisenbank Alxing-Bruck EG SWIFT code: GENODEF1

Whether a recipient gives you GENODEF1 or GENODEF1ALX, you are looking at the identical identifier for Raiffeisenbank Alxing-Bruck EG in Germany. Every bank on the SWIFT network uses these codes to direct payments between countries to the correct institution. It comes up mostly when dealing with transfers between countries.

We wrote this page to help anyone who receives money at an account at Raiffeisenbank Alxing-Bruck EG. Remember that the BIC just identifies the bank, not the account: the account number or IBAN does that part.

Choosing between the 2 SWIFT codes of Raiffeisenbank Alxing-Bruck EG

We have 2 SWIFT/BIC codes for Raiffeisenbank Alxing-Bruck EG, spread over 2 cities. Besides the head office code GENODEF1ALX, there are codes for regional offices and specialised units.

Unless the recipient tells you otherwise, go with GENODEF1ALX. Just use a branch code when the account holder gives you that exact code, for example on an invoice or in their bank details.

The safest route is to copy the code straight from the recipient’s invoice. Branch codes are more likely to change than GENODEF1ALX.

How long does an international transfer to Raiffeisenbank Alxing-Bruck EG take?

There is no single delivery time for international payments: many land the same day or the next. Bank holidays in the sending or receiving country add extra days. Extra checks on larger or unusual payments may also add some delay, even when all details are correct.

Many banks are connected to SWIFT gpi for faster and traceable payments. Every payment carries a unique reference, the UETR that banks can use to trace it. Money transfer services usually provide tracking in their app showing where the money is.

If a payment has not arrived after a few business days, the person who paid needs to contact the bank that sent it. As a recipient, you can look at your account for a partial amount, since fees may have been deducted.

GENODEF1 or GENODEF1ALX – which one to use?

A BIC is made up of fixed blocks: characters one to four identify the bank, characters five and six give the country and characters seven and eight mark the location. The result is GENODEF1.

The full version adds three more characters that identify a branch or department. If the last three are XXX, the code points to the head office.

As a rule the code is typed in capitals and without spaces. A single character may route the money to a different institution.

Incoming international payments to Raiffeisenbank Alxing-Bruck EG

Someone abroad who wants to pay you needs several details from you. What they need is: your name, account number or IBAN, GENODEF1ALX or GENODEF1 and in many cases your postal address.

Some banks also ask for the address of Raiffeisenbank Alxing-Bruck EG in Alxing, so keep it at hand. A mistake in your account number can be more trouble than you might think.

What lands in your account is often lower than what was sent. Correspondent banks can take a fee and your own bank may charge for processing, and if the money is converted, an exchange rate margin comes on top. Agree with the sender who pays which costs before the money is sent.

Sending EUR to Raiffeisenbank Alxing-Bruck EG

Accounts at Raiffeisenbank Alxing-Bruck EG are typically held in EUR, the national currency. A payment in a foreign currency is exchanged into EUR before it reaches the account, and whoever converts it chooses the rate. Each conversion eats into the amount.

Where the conversion happens affects the final amount, since every bank sets its own rate. Check what EUR arrives with different services; the difference between options can be larger than you expect.

The EUR rate fluctuates throughout the day and quotes are often valid only for a short time. With bigger transfers, a small gap in the rate adds up quickly.

Protect yourself against fake payment requests

A common scam goes like this: an email arrives with a message claiming that a contact has a new bank account and that the next payment should go there. That GENODEF1 is a real code does not mean that a request mentioning it is genuine – fraudsters use real bank codes as well.

Before paying, confirm changed bank details through a phone call on a number you know, not one from the message. Pressure and secrecy are red flags – a real supplier can wait a day. When a payment has already gone to the wrong account, call your bank right away – speed improves the chance of getting it back.

Scams can also target the receiver. Someone claims to have sent too much and asks you to return the difference via a different route. Do not act before the money is actually in your account and check with Raiffeisenbank Alxing-Bruck EG if anything seems off.

Paying Raiffeisenbank Alxing-Bruck EG in euros within SEPA

Within the SEPA zone, euro payments to Raiffeisenbank Alxing-Bruck EG follow the same rules and in most cases need only the IBAN. The BIC field is often optional in that case.

You will still need GENODEF1ALX for payments in other currencies or transfers from countries outside SEPA. Some forms still show a field for the BIC out of habit; in that case, fill in GENODEF1.

SEPA transfers normally land by the next business day, and instant transfers in seconds where both banks support them. Charges on SEPA payments are generally low, as long as no currency conversion is involved.

Sending money abroad from Raiffeisenbank Alxing-Bruck EG

An international bank payment can cost more than the fee suggests. You pay the transfer fee, sometimes fees charged by intermediary banks along the way and, most importantly, the exchange rate markup.

The markup on the rate tends to be the largest item. An easy check: put the rate you get next to the mid-market rate and look at the difference.

Specialised transfer providers frequently offer rates closer to the mid-market rate with clearer fees. GoldexPay compares the amount that arrives with different providers, so you can pick the cheapest route. Using a transfer service does not require leaving Raiffeisenbank Alxing-Bruck EG.

Verifying the SWIFT code of Raiffeisenbank Alxing-Bruck EG

Have the recipient copy their bank details straight from their online banking. Check that code with GENODEF1 on this page and ask if anything does not match.

Mistakes in the BIC tend to be costly more than fatal. Remember the account number: an error there can be more difficult to correct than a wrong BIC.

Most online banking apps check the format of an IBAN and some suggest the matching BIC – that confirms the format, not the owner. Some banks now check the payee name against the account before you confirm. For a first payment, some people start with a small test amount and wait for confirmation.

How up to date is this code?

Our SWIFT/BIC directory draws on publicly available sources and is updated regularly. Banks reorganise, close branches and retire codes. The figures on this page reflect what is in our directory, not official figures from Raiffeisenbank Alxing-Bruck EG.

Before any payment that matters, confirm the code with Raiffeisenbank Alxing-Bruck EG or the recipient. GoldexPay is independent of Raiffeisenbank Alxing-Bruck EG, we only compare transfer services. Found outdated information? Tell us via our contact form and we will look into it.