Raiffeisenbank Eifeltor EG SWIFT/BIC code

GENODED1 – the SWIFT/BIC code of Raiffeisenbank Eifeltor EG

If an invoice shows GENODED1 or GENODED1KAI, it is the identical identifier for Raiffeisenbank Eifeltor EG in Germany. A BIC has a single purpose: it makes sure that an international payment ends up at the right bank. In daily life you usually see it on invoices from abroad, in payment forms and in the bank details that Raiffeisenbank Eifeltor EG provides.

This page is meant to help people who receives money at an account at Raiffeisenbank Eifeltor EG and wants to get the details right. Remember that the SWIFT code just identifies the bank, not the account: the account number or IBAN takes care of that.

GENODED1 or GENODED1KAI – which one to use?

The layout of every SWIFT code never changes: four characters for the institution, a two-letter country code and a two-character location code, plus an optional branch code. Together, those parts make up GENODED1.

Many banks and apps accept both lengths. If yours asks for eleven characters, enter GENODED1KAI; if it wants eight, use GENODED1.

Leave out spaces, dots when you enter GENODED1 or GENODED1KAI. A wrong letter can send a payment to another bank, so copy it carefully.

Changed bank details? Be careful

Stay wary if a contact unexpectedly asks you to send money to another account. That GENODED1 is a real code does not mean that a request mentioning it is genuine; criminals use the codes of real banks too.

Always confirm changed bank details by phone, using a number you already had. Watch out for time pressure, unusual wording or an email address that differs by one letter. Already paid? Contact the bank you paid from without delay and ask them to try to recall the payment.

People receiving money can be targeted as well: one known trick is an overpayment followed by a request to refund the difference. Do not act before the money has really arrived – ask Raiffeisenbank Eifeltor EG if something looks wrong.

Do you need GENODED1 for a SEPA transfer?

Within the SEPA zone, euro transfers to an account in Germany use common rules, so the IBAN does the job in most cases. A field for the BIC is usually optional or missing in that case.

Outside the euro and from non-SEPA countries, GENODED1KAI is still part of the payment details. A few banks and apps still show a field for the BIC; in that case, fill in GENODED1.

Euro payments within SEPA usually arrive within one business day, and instant transfers in seconds where both banks support them. Charges on SEPA transfers are generally low, as long as no currency conversion is involved.

Verifying the SWIFT code of Raiffeisenbank Eifeltor EG

The best place to find the correct BIC remains paperwork issued by the bank like a bank statement or the account page in online banking. If the code you have does not match GENODED1 or GENODED1KAI, do not guess.

If the code is wrong, the transfer may be delayed, bounce back or end up costing more, and tracing it can take weeks. Do not forget the account number: a mistake there can be more difficult to correct than a wrong code.

Most online banking apps check the structure of IBANs. More and more banks compare the name with the account before you confirm; take any warning seriously. For a first payment, many people start with a small test amount before sending the rest.

What a transfer from Raiffeisenbank Eifeltor EG abroad really costs

What you pay for a payment abroad has several parts – not just the fee on your screen. There is the fee for the transfer itself, possibly charges from correspondent banks along the way and, most importantly, the margin on the exchange rate if the currency changes.

Banks rarely show their exchange rate markup separately – you only notice it if you compare. A simple test: set the bank’s rate against the mid-market rate for the same moment and work out the difference on your amount.

Specialist money transfer services often offer a rate near the mid-market rate with clearer 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 still use your account at Raiffeisenbank Eifeltor EG as the source of the money; only the conversion and sending happen elsewhere.

Incoming international payments to Raiffeisenbank Eifeltor EG

If you expect a payment from another country, send the payer a complete set of details. In practice that means: your name as registered with Raiffeisenbank Eifeltor EG, your IBAN or account number, the SWIFT/BIC code GENODED1KAI and usually your address.

It helps to add Raiffeisenbank Eifeltor EG and its city as well, since some forms ask for it. A typo in your account number can be more trouble than it looks.

An incoming payment will not always arrive for the full amount. Charges on incoming payments differ from bank to bank. On invoices, you can agree who bears the costs to avoid a shortfall.

Where our SWIFT data comes from

We gather bank codes from public sources and check our list from time to time. Even so, banks merge or retire codes and our data may lag behind. Counts and locations are from our own dataset.

Before any payment that matters, confirm the BIC with the recipient’s bank or with the recipient. GoldexPay is independent of Raiffeisenbank Eifeltor EG. Spotted outdated information? Let us know via our contact form and we will look into it.

Sending EUR to Raiffeisenbank Eifeltor EG

The local currency in Germany is the Euro (EUR). Money sent in a different currency is exchanged into EUR, and whoever converts it chooses the rate. You rarely see a separate line for the conversion – the cost sits in the rate.

Who does the conversion affects how much arrives, since every bank sets its own rate. Transferring the amount already in EUR often prevents an extra conversion by Raiffeisenbank Eifeltor EG, provided the rate you get is fair.

The rate for EUR fluctuates constantly and quotes are often valid only for a short time. If you pay regularly, a slightly better rate add up over a year.

Choosing between the 2 SWIFT codes of Raiffeisenbank Eifeltor EG

With 2 codes in 2 locations, Raiffeisenbank Eifeltor EG is one of the banks that use separate codes for parts of the organisation. The main code is GENODED1KAI.

In most cases there is no need to look up a branch: payments addressed to GENODED1KAI reach Raiffeisenbank Eifeltor EG without problems. When you receive a specific code, stick to it instead of swapping it with the head office code.

If you are not sure, check with the recipient for the exact BIC in their bank details. Branch codes are sometimes changed or retired over time.

Transfer times and tracking a payment to Raiffeisenbank Eifeltor EG

There is no single answer: some land the same day or the next while others need several business days. Transfers sent late in the day or just before a weekend or public holiday usually start the next business day. Occasionally a bank wants to know what the payment is for, which can hold things up.

When a payment takes longer than expected, ask the sending bank for the tracking status or the UETR. Money transfer services usually provide tracking online showing where the payment is.

If the money does not arrive after a few business days, the sender needs to start with the bank that sent it, not the receiving bank. On the receiving end, you can look at your statements to see a slightly lower amount, since fees may have been deducted.