Raiffeisenbank Bissingen EG SWIFT/BIC code

Raiffeisenbank Bissingen EG SWIFT code: GENODEF1

GENODEF1 and GENODEF1BSI are the short and the long form of the same SWIFT/BIC code, and both point to Raiffeisenbank Bissingen EG in Bissingen. A BIC has a single purpose: it makes sure that money from abroad reaches the right bank. In practice you mostly come across it on international invoices, in payment forms and on the account details of Raiffeisenbank Bissingen EG customers.

This page is meant to help anyone who pays into an account at Raiffeisenbank Bissingen EG and wants to get the details right. The BIC identifies an institution, not a specific account, which is why you always need the account number too.

GENODEF1 or GENODEF1BSI – which one to use?

Each SWIFT/BIC code starts with an 8-character core: a four-letter bank code, a two-letter country code and a two-character location code. In this case, that core is GENODEF1.

Most banks and apps work with both lengths. If a form requires eleven characters, use GENODEF1BSI, otherwise GENODEF1 is fine.

Do not add spaces when you enter GENODEF1 or GENODEF1BSI. Look out for the letter O and the digit 0 or the letter I and the digit 1.

Transfer times and tracking a payment to Raiffeisenbank Bissingen EG

How quickly a payment reaches Raiffeisenbank Bissingen EG is determined by a few things: the currency, how many intermediary banks are involved, cut-off times and differences in time zone. Weekends and public holidays in either country add extra days. Compliance checks on larger or unusual payments can also add a delay, even when all details are correct.

When a payment takes longer than expected, contact the sending bank for the tracking status. Specialist transfer services usually show a status in their app showing how far the payment has got.

If the money does not arrive after a few business days, the sender should contact their own bank, not the receiving bank. Ask the sender for a copy of the payment confirmation with the date and reference; that often settles the question quickly.

What a transfer from Raiffeisenbank Bissingen EG abroad really costs

When you transfer money to another country from Raiffeisenbank Bissingen EG, the fee you see is only part of the cost. On top of the transfer fee, correspondent or intermediary banks may deduct a fee, and when currencies are converted the bank often uses a rate below the real market rate.

Most of the cost usually sits in the exchange rate, not in the fee: many banks convert using an exchange rate that includes a margin. A simple test: put the bank’s rate against the mid-market rate for the same moment and work out the difference on your amount.

For many currency pairs, a transfer service turns out to be less expensive than a bank. On GoldexPay you can compare what recipients receive with different services. Choosing a specialist does not mean leaving Raiffeisenbank Bissingen EG: you simply pay the service from your account.

Getting paid from abroad into a Raiffeisenbank Bissingen EG account

When you are waiting for money from abroad, send the payer all details at once. Give them the account holder’s name, the IBAN or account number, the BIC GENODEF1BSI and your address, which some banks require.

Some sending banks want the address of Raiffeisenbank Bissingen EG, so keep it at hand. A mistake in the IBAN is harder to fix than it looks, so copy the details from your online banking.

Do not be surprised if the amount credited is below what the sender paid. Intermediary banks may deduct a fee and your own bank may charge for processing, and when currencies differ, a markup on the rate comes on top. Agree with the sender who pays which costs, especially for larger amounts.

Scams that use SWIFT codes

One of the most common tricks goes like this: you receive a request claiming that a supplier has new bank details. A valid SWIFT code says nothing about whether the request is genuine: scammers use real codes of real banks.

Verify changed payment details through a separate channel, not by replying to the message. Urgency and secrecy tend to be red flags – a real supplier can wait a day. Already paid? Call your bank straight away and ask them to start a recall; also report it to the police.

Scams also target the receiver. Someone sends too much and wants you to return the difference to a new account. Wait until the money is actually in your account and check with Raiffeisenbank Bissingen EG if anything seems off.

Paying Raiffeisenbank Bissingen EG in euros within SEPA

Germany belongs to the Single Euro Payments Area (SEPA). For a regular euro transfer from another SEPA country, you normally only need the IBAN.

You will still need GENODEF1BSI for non-euro payments or money from outside the SEPA area. Some forms also ask for the BIC out of habit; if so, enter GENODEF1 or GENODEF1BSI.

SEPA transfers normally land within one business day. As long as no currency is converted, a SEPA transfer is cheap.

Raiffeisenbank Bissingen EG: head office code versus branch codes

Raiffeisenbank Bissingen EG has 2 different SWIFT/BIC codes across 1 cities. One of them is the head office code; the rest belong to branches.

Unless the recipient tells you otherwise, use GENODEF1BSI. Just use a branch code when the recipient gives you that exact code, for example on a letter or invoice.

If you are not sure, check with the recipient for the exact BIC in their bank details. Codes for branches are more prone to change than the head office code.

Euro (EUR) and conversion costs

Germany uses the Euro, with the currency code EUR. A payment in a foreign currency is exchanged into EUR, and whoever converts it chooses the rate. There is rarely a separate charge for the conversion; it is built into the rate.

Which bank converts the money matters. Check what EUR arrives via different providers before choosing one.

Exchange rates change all the time. On larger amounts, even seemingly small difference in the rate adds up quickly.

A note on our data

The directory on GoldexPay is compiled from public sources and we update it periodically. It can happen that a code here is no longer current. The figures we show are based on what is in our directory, not official figures from Raiffeisenbank Bissingen EG.

See the information on this page as a helpful check and rely on the recipient or Raiffeisenbank Bissingen EG for the final confirmation. GoldexPay is not affiliated with Raiffeisenbank Bissingen EG; we are a comparison site for money transfers. Spotted an error? Let us know through the contact page so we can correct it.

Is GENODEF1 still correct? How to check

The most reliable place for the correct BIC remains paperwork issued by the bank. When the code you were given does not match GENODEF1 or GENODEF1BSI, do not guess.

An incorrect BIC may lead to a delay, a payment being sent back or additional charges along the way. A mistake in the account number is a bigger problem.

Many banking apps validate the format of IBANs and sometimes look up the BIC automatically, but that does not prove the account belongs to the right person. More and more banks compare the payee name against the account; take any warning seriously. For a first payment, many people send a small amount first before sending the rest.