Raiffeisenbank Baisweil-Eggenthal-Friesenried SWIFT/BIC code

GENODEF1 – the SWIFT/BIC code of Raiffeisenbank Baisweil-Eggenthal-Friesenried

Whether a recipient gives you GENODEF1 or GENODEF1EGB, you are looking at the identical address for Raiffeisenbank Baisweil-Eggenthal-Friesenried in Germany. Banks worldwide use these codes to route payments between countries to the right bank. It comes up mostly when dealing with transfers between countries.

Below you will find the practical side: receiving money at Raiffeisenbank Baisweil-Eggenthal-Friesenried, paying someone in another country and how to verify a SWIFT code before you confirm a payment. The BIC identifies a bank or branch, never a specific account; the IBAN or account number does that.

About this information

The codes on this page come from publicly available data. Still, banks merge or retire codes. The figures we show reflect what is in our directory, not official figures from Raiffeisenbank Baisweil-Eggenthal-Friesenried.

Before any payment that matters, confirm the code with the recipient’s bank or with the recipient. GoldexPay is independent of Raiffeisenbank Baisweil-Eggenthal-Friesenried, we only compare transfer services. Found outdated information? Tell us via our contact form.

SEPA payments and the Raiffeisenbank Baisweil-Eggenthal-Friesenried BIC

Germany is a member of the SEPA area, the zone for uniform euro payments. When you send euros from another SEPA country, the IBAN is usually enough and the BIC is often filled in automatically.

Outside the euro and from non-SEPA countries, GENODEF1EGB or GENODEF1 is still part of the payment details. Some banks and apps also show a field for the BIC; if so, fill in GENODEF1.

Instant euro transfers are increasingly available within SEPA – whether Raiffeisenbank Baisweil-Eggenthal-Friesenried offers them for your account is worth checking. Provided no currency is converted, a SEPA transfer tends to be cheap; costs rise once a conversion is involved.

How to check GENODEF1 before you pay

The best place to find the correct BIC remains a document from the bank itself, such as a statement or the account details in online banking. When the code you were given differs from GENODEF1 or GENODEF1EGB, do not guess.

A wrong SWIFT code may lead to a delay, a payment being sent back or extra fees for investigation. Do not forget the IBAN: a mistake there is more difficult to undo than a wrong BIC.

A validity check in your banking app only confirms that the IBAN is valid – not that it belongs to the person you mean to pay. More and more banks compare the name against the account before you confirm. When you pay someone new, some people start with a small amount first before sending the rest.

Sending money abroad from Raiffeisenbank Baisweil-Eggenthal-Friesenried

An international bank payment costs more than the listed fee. Besides a fixed fee, banks in between may deduct a fee, and when currencies are converted the bank often applies a rate that is less favourable than the actual market rate.

The markup on the rate tends to be the largest cost, and it is easy to miss. A simple test: put the bank’s rate next to the mid-market rate and look at the difference.

For a lot of currency pairs, a specialist provider is cheaper than a traditional bank transfer – mostly thanks to the rate. GoldexPay compares transfer providers side by side so you can see the amount the recipient gets for the same amount sent. You can still keep your account at Raiffeisenbank Baisweil-Eggenthal-Friesenried.

Raiffeisenbank Baisweil-Eggenthal-Friesenried: head office code versus branch codes

Raiffeisenbank Baisweil-Eggenthal-Friesenried uses 2 different SWIFT/BIC codes. One of them is the head office code, GENODEF1EGB; the others identify branches.

Usually you do not need to pick a branch: transfers addressed to GENODEF1EGB reach Raiffeisenbank Baisweil-Eggenthal-Friesenried without problems. When you receive a specific code, stick to it instead of replacing it for the head office code.

When in doubt, ask the person you are paying for the exact BIC in their bank details. Codes are sometimes changed or retired when banks reorganise, so a code from an old document is not always valid.

What to give a sender who pays you at Raiffeisenbank Baisweil-Eggenthal-Friesenried

Someone abroad who wants to pay you will ask for several details from you. What they need is: your name, account number or IBAN, GENODEF1EGB or GENODEF1 and in many cases your postal address.

You can include the bank name and Eggenthal as well, because some payment forms have separate fields for them. A typo in the IBAN is more trouble than it looks, so copy the details from your online banking.

Do not be surprised if the incoming amount is smaller than what the sender paid. Fees for incoming transfers differ from bank to bank – the price list of Raiffeisenbank Baisweil-Eggenthal-Friesenried tells you what applies. On invoices, it is common to agree how the fees are split to avoid a shortfall.

How long does an international transfer to Raiffeisenbank Baisweil-Eggenthal-Friesenried take?

How quickly a transfer arrives at Raiffeisenbank Baisweil-Eggenthal-Friesenried is determined by a few things: which currency you send, how many intermediary banks are involved, daily processing deadlines and time zones. Payments made after the cut-off time or on weekends and holidays often start a business day later. Compliance checks by one of the banks can also cause some delay, even when all details are correct.

When a payment takes longer than expected, contact your bank about the tracking status and the transaction reference; with that reference banks can see where the payment is. Save your transfer receipt.

The bank that sent the money is able to request a trace or a recall; the receiving side usually has nothing to trace yet. On the receiving end, you can look at your statements for a slightly lower amount, since fees may have been deducted.

8 or 11 characters: GENODEF1 versus GENODEF1EGB

Each SWIFT/BIC code has the same eight core characters: four letters for the bank, a two-letter country code and a two-character location code. For Raiffeisenbank Baisweil-Eggenthal-Friesenried, that core is GENODEF1.

Most payment forms accept both lengths. If a form requires eleven characters, enter GENODEF1EGB; if it wants eight, use GENODEF1.

In practice the code is typed in capitals. Look out for O versus 0 or I versus 1.

Scams that use SWIFT codes

Criminals regularly send payment requests with new bank details sent from what looks like a familiar address. The fact that GENODEF1 exists is no guarantee that the account is legitimate.

Do not trust contact details in the same message that contains the new account. Watch out for urgent requests, odd spelling or an email address that differs by one letter. When money has already gone to a fraudster, contact your bank immediately – speed improves the chance of getting it back.

Recipients are targeted too: a classic trick is an overpayment followed by a request to refund the difference to another account. Wait until the money has really arrived and check with Raiffeisenbank Baisweil-Eggenthal-Friesenried if anything seems off.

The Euro and what conversion costs you

Accounts at Raiffeisenbank Baisweil-Eggenthal-Friesenried are typically held in EUR, the local currency. If you send another currency, the amount has to be converted somewhere along the way. Each conversion costs the amount – usually through the rate rather than a fee.

Who converts the payment makes a difference, because each party uses its own rate. In many cases you pay less to send EUR directly through a transfer service with a good rate.

The rate for EUR changes constantly, so the amount you see is usually only valid for a short time. With bigger transfers, a seemingly small difference in the rate can be worth more than the fee.