Raiffeisenbank Anger EG SWIFT/BIC code

SWIFT/BIC code of Raiffeisenbank Anger EG

Whether you are given GENODEF1 or GENODEF1AGE, it is the identical address for Raiffeisenbank Anger EG in Germany. A SWIFT code shows the sending bank which institution is meant to get the money, a bit like a postal address for banks. You will need it mainly for payments that cross a border and payments in foreign currencies.

On this page you will find what the code is put together, when you need it and what else you need for a transfer to or from Raiffeisenbank Anger EG. The BIC names a bank or branch, never a single account, which is why you always need the account number too.

What the XXX in GENODEF1AGE means

Every SWIFT/BIC code has an 8-character core: four letters for the bank, a two-letter country code and a two-character location code. For Raiffeisenbank Anger EG, the 8-character core is GENODEF1.

Many payment forms work with both lengths. If yours asks for eleven characters, use GENODEF1AGE; if it wants eight, use GENODEF1.

Do not add spaces, dots when you enter GENODEF1. A single letter can send the money to a different institution, so check it twice.

Sending money abroad from Raiffeisenbank Anger EG

The price of an international transfer has several parts – not just the fee on your screen. There is the fee for the transfer itself, possibly fees charged by intermediary banks along the way and, above all, the margin on the exchange rate.

Banks rarely list their exchange rate markup separately – you only notice it if you compare. Compare their rate with the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

For a lot of currency pairs, a transfer service is cheaper than a traditional bank transfer. GoldexPay lists these services side by side, showing the amount the recipient gets for the same amount sent. You can always keep your account at Raiffeisenbank Anger EG to fund the transfer; only the conversion and sending happen elsewhere.

Euro transfers to Raiffeisenbank Anger EG: is a BIC needed?

Since Germany is in the SEPA zone, a euro transfer into Raiffeisenbank Anger EG from another SEPA country usually only needs an IBAN. Most banking apps no longer ask for the BIC for these payments or fill it in for you.

You will still need GENODEF1AGE when sending non-euro payments or transfers from countries outside SEPA. If a payment form asks for the BIC regardless, entering GENODEF1 does no harm.

SEPA transfers usually arrive within one business day. Fees for SEPA payments tend to be low.

Watch out for payment fraud

One of the most common tricks works like this: you receive a message saying that a contact has new bank details and that the next payment should go there. That GENODEF1 is a real code is no guarantee that the account is legitimate – fraudsters use real bank codes as well.

Never rely on a phone number from the same email that announces the new account. Watch out for time pressure, odd spelling or a sender address that is slightly off. If money has already gone to the wrong account, contact your bank immediately – speed improves the chance of getting it back.

Fraud can also work the other way: someone claims to have sent more than agreed and wants you to return the difference via a different route. Do not act before the money is actually in your account and check with Raiffeisenbank Anger EG if anything seems off.

Transfer times and tracking a payment to Raiffeisenbank Anger EG

How fast a payment reaches Raiffeisenbank Anger EG is determined by several factors: which currency you send, the number of banks in between, daily processing deadlines and differences in time zone. Weekends and public holidays in either country can add extra days, since banks do not process on those days. Occasionally a bank wants to know about the purpose of a payment, which can hold things up.

A growing number of banks use SWIFT gpi for faster and traceable payments. Every gpi transfer carries a unique transaction reference, the UETR that banks can use to trace it. Money transfer services often provide a status online so you can see where the payment is.

A missing payment is investigated by the sending bank, using the payment confirmation. Ask the sender for a copy of the payment confirmation.

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

A sender in another country will ask for a few details about your account, and missing ones are a common cause of delays. In practice that means: your name as registered with Raiffeisenbank Anger EG, your account number or IBAN, the BIC GENODEF1AGE (or GENODEF1) and usually your postal address.

Their bank might also ask for the address of your bank. A mistake in your account number is more trouble than you might think; copy them from your banking app rather than typing.

The amount you receive can be lower than the amount sent. Charges on incoming payments vary per bank; check the price list of Raiffeisenbank Anger EG. For business payments, it is common to state who bears the costs.

Where our SWIFT data comes from

The details here come from public sources which we refresh regularly. It can happen that information on this page is out of date, for example after a merger. Counts and locations are from our directory and are not confirmed by Raiffeisenbank Anger EG.

Before any payment of any size, always check the code with the recipient’s bank or with the recipient. GoldexPay has no connection to Raiffeisenbank Anger EG; we are a comparison site for money transfers. Spotted outdated information? Tell us via our contact form so we can correct it.

Paying into Raiffeisenbank Anger EG in EUR

Germany pays in the Euro, code EUR. When you pay another currency it has to be converted at some point: by your bank, an intermediary or Raiffeisenbank Anger EG itself. Each conversion eats into the amount – usually through the rate rather than a fee.

Where the conversion happens affects the final amount, since every bank sets its own rate. Transferring the money already in EUR often prevents an extra conversion, provided the rate you get is fair.

The EUR rate changes constantly. For regular payments, a slightly better rate make a real difference over time.

Verifying the SWIFT code of Raiffeisenbank Anger EG

The most reliable source for the BIC is the recipient’s own bank details: an invoice, a bank statement or their online banking. If the code you have does not match GENODEF1 or GENODEF1AGE, stop and ask.

With a wrong code, the payment may get stuck, be returned or end up costing more – sometimes after weeks of searching. Remember the IBAN: an error there can be more difficult to undo than a wrong BIC.

Most online banking apps check the format of IBANs. Where available, a name check on the recipient gives an extra layer of safety. When you pay someone new, some people start with a small amount first.

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

Having 2 codes, Raiffeisenbank Anger EG belongs to the banks that register individual codes for branches. The main code is GENODEF1AGE.

In most cases you do not need to pick a branch: payments addressed to GENODEF1AGE are routed within Raiffeisenbank Anger EG without problems. Branch codes are only needed when the recipient’s bank specifically asks for it, which is more common for business accounts and specialised services.

The best way is to take the code directly from the account holder’s invoice. Codes are sometimes changed or retired when banks reorganise.