Raiffeisenbank Aschau-Samerberg EG SWIFT/BIC code

GENODEF1 – the SWIFT/BIC code of Raiffeisenbank Aschau-Samerberg EG

The short code GENODEF1 and the 11-character code GENODEF1ASU refer to one and the same institution: Raiffeisenbank Aschau-Samerberg EG in Aschau Im Chiemgau, Germany. A SWIFT code shows the banks handling a payment exactly which bank should receive the money. In daily life you usually come across the code on invoices from abroad, in your banking app and in the bank details of Raiffeisenbank Aschau-Samerberg EG customers.

We wrote this page to help anyone who pays into an account at Raiffeisenbank Aschau-Samerberg EG without mistakes. Remember that the BIC just identifies the bank, not the person: the IBAN or account number takes care of that.

Paying Raiffeisenbank Aschau-Samerberg EG in euros within SEPA

Germany is a member of the Single Euro Payments Area (SEPA). For a standard euro transfer from another SEPA country, the IBAN is usually enough.

You still need GENODEF1ASU for non-euro payments or money from outside the SEPA area. If a payment form asks for the BIC anyway, adding GENODEF1 is fine.

Euro payments within SEPA usually arrive by the next business day. Fees for SEPA payments tend to be low as long as everything stays in euros.

Watch out for payment fraud

A common scam goes like this: you receive a message claiming that a company now has new bank details. A real SWIFT code says nothing about who owns the account.

Before paying, verify changed bank details through a phone call, using a number you already had. Pressure and requests to keep it quiet are red flags – a real supplier can wait a day. When money has already gone to the wrong account, contact your bank immediately – speed improves the chance of getting it back.

Scams also work the other way: someone sends more than agreed and wants you to refund the difference via a different route. A payment confirmation from the sender proves nothing; only your own account shows what has arrived.

Before you send: check the Raiffeisenbank Aschau-Samerberg EG code

The most reliable source for a SWIFT code is the recipient’s own bank details: an invoice, a bank statement or their online banking. When the code you were given does not match GENODEF1 or GENODEF1ASU, do not guess.

A wrong SWIFT code may lead to delays, a returned payment or extra fees along the way. A mistake in the IBAN or account number can be a bigger problem.

Most online banking apps check the structure of an IBAN and some suggest the matching BIC, but that does not prove the account belongs to the right person. Some banks now check the payee name with the account; take any warning seriously. A small test payment can be a sensible step for a large first payment, even if it costs an extra fee.

About this information

The codes here come from publicly available data that we update regularly. It can happen that information here is no longer current, for example after a merger. The number of codes on this page are based on our own data and not on information from Raiffeisenbank Aschau-Samerberg EG itself.

For any payment of any size, check the BIC with the recipient’s bank or the recipient. We are an independent comparison service and not affiliated with Raiffeisenbank Aschau-Samerberg EG. Should you notice something that is out of date, we welcome a short note via the contact page.

Paying someone abroad from your Raiffeisenbank Aschau-Samerberg EG account

When you transfer money abroad from Raiffeisenbank Aschau-Samerberg EG, the visible fee is only part of the cost. Besides a fixed fee, correspondent or intermediary banks may take a cut, and if the money changes currency the bank usually applies a rate below the actual market rate.

Many banks do not show the margin on the rate as a cost, but you pay it all the same. An easy check: put the bank’s rate 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. Next time you send money, it is worth comparing what arrives on GoldexPay instead of going straight to your bank. You can always keep your account at Raiffeisenbank Aschau-Samerberg EG to fund the transfer, while a cheaper service handles the conversion.

Getting paid from abroad into a Raiffeisenbank Aschau-Samerberg EG account

For an international payment at Raiffeisenbank Aschau-Samerberg EG, the person paying you has to have more than the BIC. Give them the account holder’s name, the IBAN or account number, the BIC GENODEF1ASU and your address.

Some banks want the name and address of Raiffeisenbank Aschau-Samerberg EG in Aschau Im Chiemgau; it does no harm to include it. Check the details before you share them.

Do not be surprised if the amount credited is below the amount on the sender’s receipt. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the currency changes, a markup on the rate applies. On invoices, you can state how the fees are split.

Sending EUR to Raiffeisenbank Aschau-Samerberg EG

Accounts at Raiffeisenbank Aschau-Samerberg EG are typically held in EUR, the local currency. If you send money in a different currency it gets converted at some point. You rarely see a separate charge for that conversion; it is built into the rate.

Who does the conversion affects the final amount, as rates and margins differ per bank. Often it is cheaper to send EUR straight away through a transfer service that converts near the mid-market rate.

Exchange rates move all the time – some services let you fix a rate in advance. For recurring payments, a slightly better rate make a real difference over time.

GENODEF1 or GENODEF1ASU – which one to use?

A SWIFT code is built from a few fixed parts: characters one to four stand for the bank, the next two show the country and the two after that indicate the location. That gives you GENODEF1.

Many banks and apps accept both lengths. If a form requires eleven characters, enter GENODEF1ASU; if it wants eight, use GENODEF1.

As a rule the code is typed in capitals. Pasting the code beats typing it by hand.

Choosing between the 2 SWIFT codes of Raiffeisenbank Aschau-Samerberg EG

Having 2 codes, Raiffeisenbank Aschau-Samerberg EG is one of the banks that register individual codes for parts of the organisation and departments. The head office code remains GENODEF1ASU.

Unless the recipient tells you otherwise, go with GENODEF1ASU. Just use a branch code when the recipient gives you that exact code, for example on an invoice or in their bank details.

When in doubt, ask the person you are paying for the exact BIC in their bank details. Branch codes can change when banks reorganise, so a code from an old document is not always valid.

Transfer times and tracking a payment to Raiffeisenbank Aschau-Samerberg EG

There is no fixed delivery time: some land within a day. Bank holidays in either country add extra days, since banks do not process on those days. Compliance checks by one of the banks may also cause a delay, even when all details are correct.

A growing number of banks use SWIFT gpi, which lets them follow a payment from bank to bank. Each gpi transfer carries a unique reference, the UETR that banks can use to trace it. Save the payment confirmation.

The bank that sent the money can start an official trace. Request from the sender the payment receipt with the date and reference.