Raiffeisenbank Beilngries EG SWIFT/BIC code

Raiffeisenbank Beilngries EG SWIFT code: GENODEF1

The short code GENODEF1 and the 11-character code GENODEF1BLN identify one and the same institution: Raiffeisenbank Beilngries EG, with its head office in Beilngries. A SWIFT code tells the sending bank exactly which bank should receive the money, a bit like a postal address for banks. In daily life you usually see the code on invoices from abroad, in payment forms and on the account details of Raiffeisenbank Beilngries EG customers.

We wrote this page to help anyone who pays into an account at Raiffeisenbank Beilngries EG and wants to get the details right. The SWIFT code on its own cannot identify a personal account; for that you need the IBAN or account number is for.

How long does an international transfer to Raiffeisenbank Beilngries EG take?

A SWIFT payment typically needs one to a few business days. Transfers sent late in the day or on a weekend or public holiday often start the next business day. Occasionally a bank asks what the payment is for before releasing it.

A growing number of banks use SWIFT gpi, which lets them follow a payment from bank to bank. Every gpi transfer gets a unique transaction reference, the UETR, which your bank can use to see where the money is. Keep your transfer receipt until the money has arrived; it contains the details a bank needs to start a trace.

If a payment has not arrived after a few business days, the person who paid needs to start with the bank that sent it. On the receiving end, you can check your account for a partial amount because fees can reduce the amount.

Paying someone abroad from your Raiffeisenbank Beilngries EG account

When you send money abroad from Raiffeisenbank Beilngries EG, the fee you see is only part of what you pay. Besides the transfer fee, correspondent or intermediary banks can take a cut, and if currencies are converted, the bank often applies a rate below the real market rate.

Many banks do not list the margin on the rate separately. Compare the rate you are offered against the mid-market rate, the midpoint between buy and sell rates you see on financial sites. The difference is your real conversion cost.

Money transfer services often use a rate near the mid-market rate and lower fees. Next time you send money, it is worth to compare what arrives via GoldexPay rather than accepting the bank’s rate by default. You can always keep your account at Raiffeisenbank Beilngries EG.

GENODEF1 or GENODEF1BLN – which one to use?

The layout of a BIC never changes: a bank code of four letters, two for the country and a two-character location code. Together, these eight characters make up GENODEF1 – the version you usually see online.

Many banks and apps accept either length. If a form requires eleven characters, use GENODEF1BLN, otherwise GENODEF1 is fine.

Do not add spaces or dashes when you type GENODEF1. Look out for O versus 0 and I versus 1; they are easy to mix up.

Where our SWIFT data comes from

The details on this page are taken from publicly available data that we update regularly. It is possible that a code here is out of date after a merger or reorganisation. The figures on this page are based on what is in our directory.

Before a payment of any size, always confirm the BIC with the recipient’s bank or with the recipient. GoldexPay has no connection to Raiffeisenbank Beilngries EG. Found outdated information? Tell us through the contact page so we can correct it.

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

Someone abroad who wants to pay you needs several details about your account – incomplete details often cause delays. What they need is: your name, IBAN or account number, GENODEF1BLN or GENODEF1 and in many cases your home address.

Certain banks also ask for the address of Raiffeisenbank Beilngries EG; it does no harm to include it. A mistake in your account number can be more trouble than you might think.

Do not be surprised if the amount credited is below the amount on the sender’s receipt. Charges on incoming payments differ per bank; check the price list of Raiffeisenbank Beilngries EG. Make clear with the sender who pays which costs before the money is sent.

Paying Raiffeisenbank Beilngries EG in euros within SEPA

Within the SEPA zone, euro payments to an account in Germany use common rules. A field for the BIC is usually optional or missing in that case.

A SWIFT code like GENODEF1 still matter for payments in other currencies. Some banks and apps still ask for the BIC; if so, fill in GENODEF1 or GENODEF1BLN.

Instant euro transfers have become widely available within SEPA; check with Raiffeisenbank Beilngries EG whether it applies to your account. Charges on SEPA payments tend to be low, as long as no currency conversion is involved.

Raiffeisenbank Beilngries EG: head office code versus branch codes

Having 2 codes, Raiffeisenbank Beilngries EG belongs to the banks that use separate codes for parts of the organisation. The main code is GENODEF1BLN.

Unless the recipient tells you otherwise, use GENODEF1BLN. When you receive a specific code, stick to it rather than swapping it with the head office code.

Not sure which code applies? Check with the recipient. Branch codes are sometimes changed or retired when banks reorganise, so a code from an old document is not always valid.

Watch out for payment fraud

Be wary when someone suddenly asks you to pay into a different account abroad. The fact that GENODEF1 exists does not mean that the account is genuine.

Never rely on a phone number in the same message that announces the change. Be suspicious of urgent requests, unusual wording or a sender address that is slightly off. Already paid? Call your bank straight away and ask them to try to recall the payment; also report it to the police.

Scams also target the receiver. Someone sends too much and asks you to refund the difference to a new account. A payment confirmation from the sender proves nothing – check your own account.

Is GENODEF1 still correct? How to check

Ask the recipient to send you the bank details directly from their banking app. Check that code with GENODEF1 here.

A wrong SWIFT code may lead to a delay, a returned payment or additional charges along the way. Do not forget the account number: a mistake there can be more difficult to undo than a wrong code.

A validity check by your bank only confirms that the code is valid, not that it is the right account. Where available, a name check before sending adds an extra layer of safety. For a first payment, many people start with a small amount first and wait for confirmation.

Paying into Raiffeisenbank Beilngries EG in EUR

The currency of Germany is the Euro (EUR). If you send another currency has to be converted somewhere along the way: by your bank, an intermediary or Raiffeisenbank Beilngries EG itself. Each conversion eats into the amount, even when no fee is shown.

Which bank converts the money makes a difference, because each party uses its own rate. Transferring the money directly in EUR usually avoids a second conversion at the receiving end.

Exchange rates move during the day, and some providers let you lock in a rate. For recurring payments, a slightly better rate make a real difference over time.