Raiffeisenbank Emsland-Mitte EG SWIFT/BIC code

SWIFT/BIC code of Raiffeisenbank Emsland-Mitte EG

The short code GENODEF1 and the 11-character code GENODEF1KBL refer to the same bank: Raiffeisenbank Emsland-Mitte EG. Every bank on the SWIFT network uses BIC codes to route payments between countries to the right bank. You will need it mostly for transfers between countries and payments in foreign currencies.

This page is meant to help people who receives money at an account at Raiffeisenbank Emsland-Mitte EG. A SWIFT code names a bank or branch, not a single account.

The Euro and what conversion costs you

Accounts at Raiffeisenbank Emsland-Mitte EG are typically held in EUR, the local currency. Money sent in a different currency will be converted into EUR. There is rarely a separate line for that conversion – the cost sits in the rate.

Where the conversion happens has an effect on how much arrives. In many cases you pay less if you send EUR straight away via a provider with a good rate, so that the receiving bank does not need to convert again.

Exchange rates move all the time – some services let you fix a rate in advance. On larger amounts, even seemingly small gap in the rate adds up quickly.

How long does an international transfer to Raiffeisenbank Emsland-Mitte EG take?

How fast a transfer reaches Raiffeisenbank Emsland-Mitte EG depends on a few things: which currency you send, how many intermediary banks are involved, cut-off times and differences in time zone. Payments made after the cut-off time or just before weekends and holidays often start the next business day. Extra checks by one of the banks may also add some delay, even when all details are correct.

When a payment takes longer than expected, contact your bank about the tracking status. Money transfer services usually show a status in their app so you can see where the money has got.

If the money does not arrive after a few business days, the person who paid should contact the bank that sent it, not the receiving bank. On the receiving end, you can look at your statements for a slightly lower amount, since fees may have been deducted.

Scams that use SWIFT codes

Scammers regularly use fake invoices with new bank details sent from what looks like a familiar address. The fact that GENODEF1 exists does not mean that the account is genuine; criminals use the codes of real banks too.

Never trust a phone number in the same message that contains the change. Be suspicious of time pressure, odd spelling or a sender address that is slightly off. If a payment has already gone to the wrong account, call your bank right away – speed improves the chance of getting it back.

Fraud also target the receiver: someone claims to have sent more than agreed and wants you to refund the extra to a new account. A payment confirmation from the sender proves nothing.

Raiffeisenbank Emsland-Mitte EG: head office code versus branch codes

With 2 codes in 2 cities, Raiffeisenbank Emsland-Mitte EG belongs to the banks that use separate codes for branches and departments. The head office code remains GENODEF1KBL.

For most payments to a private or business account, the head office code GENODEF1KBL is what you need. Only use a branch code when the account holder explicitly asks for it, for example on a letter or invoice.

Unsure which code applies? Check with the recipient, or look at a recent statement from Raiffeisenbank Emsland-Mitte EG. Codes are sometimes changed or retired when banks reorganise, so a code from an old document is not always valid.

Is GENODEF1 still correct? How to check

The safest source for the BIC is the bank details provided by the recipient – an invoice, a statement or a screenshot from online banking. When the code you were given differs from GENODEF1 or GENODEF1KBL, stop and ask: check with the recipient or with Raiffeisenbank Emsland-Mitte EG directly.

An incorrect BIC may lead to a delay, a returned payment or extra fees. Remember the account number: a mistake there is more difficult to undo than a wrong code.

Most online banking apps validate the format of an IBAN. Where available, a name check on the recipient adds extra certainty. A small test payment is a sensible step for large sums, even if it costs an extra fee.

Where our SWIFT data comes from

The details here come from publicly available data. It can happen that a code here is no longer current after a merger or reorganisation. The number of codes we show reflect our own data, not official figures from Raiffeisenbank Emsland-Mitte EG.

See the information on this page as a helpful check, and let the details from the recipient or Raiffeisenbank Emsland-Mitte EG have the final say. GoldexPay has no connection to Raiffeisenbank Emsland-Mitte EG, we only compare transfer services. If you notice something that is out of date, we welcome a short note.

What to give a sender who pays you at Raiffeisenbank Emsland-Mitte EG

To receive a transfer from abroad at Raiffeisenbank Emsland-Mitte EG, the sender has to have not just the BIC. That means: your name exactly as it appears on the account, your IBAN or account number, the BIC GENODEF1KBL (or GENODEF1) and, often, your postal address.

It helps to include the bank name and Klein-Berssen as well. Double-check every detail before you share them.

Do not be surprised if the amount credited is smaller than the amount on the sender’s receipt. Intermediary banks may deduct a fee, and if the currency changes, an exchange rate margin comes on top. For business payments, it is common to agree how the fees are split.

What the XXX in GENODEF1KBL means

The structure of every SWIFT code never changes: four characters for the institution, two for the country and a two-character location code. In this case, that core is GENODEF1.

Many payment forms work with both lengths. If yours asks for eleven characters, enter GENODEF1KBL.

Type the code in one piece, in upper case and without separators. Pasting the code beats retyping it.

Euro transfers to Raiffeisenbank Emsland-Mitte EG: is a BIC needed?

Since Germany is part of SEPA, a euro transfer to Raiffeisenbank Emsland-Mitte EG from another SEPA country normally only needs the IBAN. Most banking apps no longer ask for the BIC in that case.

For anything other than euros and for senders outside SEPA, GENODEF1KBL is still required. If a payment form asks for the BIC regardless, entering GENODEF1 does no harm.

SEPA transfers usually arrive by the next business day, and instant transfers in seconds where both banks support them. Provided no currency is converted, a SEPA transfer is inexpensive.

Paying someone abroad from your Raiffeisenbank Emsland-Mitte EG account

The price of an international transfer is made up of several parts. Besides the transfer fee, banks in between may take a cut, and when currencies are converted, the bank often uses a rate below the actual market rate.

Most of the cost usually sits in the exchange rate, rather than in the fee: many banks convert using an exchange rate that includes a margin. An easy check: put the bank’s rate next to the mid-market rate for the same moment and work out the difference on your amount.

For many routes, a transfer service is less expensive than a traditional bank transfer, mainly because of the exchange rate. GoldexPay compares transfer providers next to each other, showing the amount the recipient gets before you commit. Using a transfer service does not mean closing your account at Raiffeisenbank Emsland-Mitte EG: you simply pay the service from your account.