Raiffeisenbank Falkenstein-Woerth EG SWIFT/BIC code

SWIFT/BIC code of Raiffeisenbank Falkenstein-Woerth EG

The 8-character code GENODEF1 and the full code GENODEF1FKS refer to the same bank: Raiffeisenbank Falkenstein-Woerth EG. A BIC has a single purpose: it ensures that an international payment ends up at the right bank. You will need it mainly when dealing with payments that cross a border and payments in foreign currencies.

This page is meant to help anyone who receives money at an account at Raiffeisenbank Falkenstein-Woerth EG without mistakes. Keep in mind that the SWIFT code only identifies the bank, not the person: the IBAN or account number takes care of that.

What a transfer from Raiffeisenbank Falkenstein-Woerth EG abroad really costs

What you pay for a payment abroad has several parts. There is the fee for the transfer itself, sometimes charges from correspondent banks along the way and, most importantly, the exchange rate markup if the currency changes.

The real cost is often in the rate: the bank converts using an exchange rate that includes a margin. Compare the rate you are offered with the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

For a lot of routes, a transfer service turns out to be less expensive than a traditional bank transfer – mostly thanks to the rate. GoldexPay compares the amount that arrives with different services. Using a transfer service does not require leaving Raiffeisenbank Falkenstein-Woerth EG: you simply pay the service from your account.

Paying into Raiffeisenbank Falkenstein-Woerth EG in EUR

Germany uses the Euro. If you send another currency it gets converted somewhere along the way. There is rarely a separate charge for the conversion; it is built into the rate.

Which bank converts the payment makes a difference: every bank has its own margin. Sending the amount already in EUR usually prevents a second conversion at the receiving end.

Exchange rates move during the day – some services let you fix a rate in advance. For recurring payments, a slightly better rate add up over time.

How long does an international transfer to Raiffeisenbank Falkenstein-Woerth EG take?

How quickly a payment reaches Raiffeisenbank Falkenstein-Woerth EG is determined by several factors: the currency, how many intermediary banks are involved, cut-off times and differences in time zone. Bank holidays in the sending or receiving country add a day or more, since banks do not process on those days. Sometimes a bank wants to know about the purpose of a payment, which can hold things up.

Many banks use SWIFT gpi for faster and traceable payments. Each payment carries a unique transaction reference, the UETR. Money transfer services usually provide a status in their app showing how far the payment is.

A missing payment is traced from the sending side, using the payment confirmation. As a recipient, you can check your account for a partial amount.

Euro transfers to Raiffeisenbank Falkenstein-Woerth EG: is a BIC needed?

Germany is a member of the Single Euro Payments Area (SEPA), the zone for uniform euro payments. For a standard euro transfer within SEPA, you normally only need the IBAN; many banks no longer ask for the BIC.

A SWIFT code like GENODEF1 does come into play when the currency is not euros. A few forms still ask for the BIC; if so, enter GENODEF1.

Instant payments in euros have become widely supported across SEPA. As long as the payment stays in euros, a SEPA transfer is inexpensive.

Choosing between the 2 SWIFT codes of Raiffeisenbank Falkenstein-Woerth EG

Raiffeisenbank Falkenstein-Woerth EG uses 2 separate SWIFT/BIC codes. One of them is the head office code; the rest belong to branches or departments, and sometimes internal departments.

For most incoming transfers, the head office code GENODEF1FKS is the right choice. Only use a branch code when your contact gives you that exact code, for example on a letter or invoice.

When in doubt, check with the recipient for the exact BIC in their bank details. Codes for branches are more prone to be retired than GENODEF1FKS when a bank merges or closes offices.

About this information

The codes here are taken from publicly available data which we refresh regularly. Banks reorganise, change names and change codes. The figures we show are based on what is in our directory.

Treat our data as a reference, rather than as the final word – the bank details from the recipient are leading. GoldexPay has no connection to Raiffeisenbank Falkenstein-Woerth EG, we only compare transfer services. Found an error? Let us know through the contact page.

Scams that use SWIFT codes

One of the most common tricks goes like this: you receive a request claiming that a company has new bank details and asking you to pay there from now on. That GENODEF1 is a real code is no guarantee that the account is genuine.

Before paying, confirm changed bank details through a phone call on a number you know, not one from the message. Urgency and secrecy tend to be red flags; a genuine business can wait for you to check. Already paid? Call your bank straight away and ask them to start a recall and report the fraud.

Scams can also work the other way. Someone claims to have sent more than agreed and wants you to refund the extra via a different route. Wait until the money is actually in your account – ask Raiffeisenbank Falkenstein-Woerth EG if something looks wrong.

Incoming international payments to Raiffeisenbank Falkenstein-Woerth EG

Someone abroad who wants to pay you needs a few details from you, and missing ones are a common cause of delays. Give them the account holder’s name, your account number or IBAN, SWIFT code GENODEF1FKS and your address.

Certain sending banks want the bank’s address in Falkenstein, so keep it at hand. Check every detail before you share them, because the sender’s bank usually copies them as is.

An incoming payment does not always arrive in full. Correspondent banks can take a fee, and if the money is converted, an exchange rate margin comes on top. Make clear with the sender who pays which costs.

How to check GENODEF1 before you pay

The safest source for a SWIFT code is the bank details provided by the recipient. Check that code with GENODEF1 here; if they differ, ask before you pay.

An incorrect BIC can cause delays, a returned payment or extra fees. An error in the IBAN or account number can be more serious.

Most online banking apps validate the structure of IBANs and sometimes look up the BIC automatically. Some banks now check the payee name with the account before you confirm. Sending a small amount first can be worth it for a large first payment despite the extra fee.

Why Raiffeisenbank Falkenstein-Woerth EG has an 8- and an 11-character code

A BIC is made up of a few fixed parts: the first four letters stand for the bank, characters five and six show the country and characters seven and eight indicate the location. The result is GENODEF1, the short form of the code.

The long version has a three-character extension that identify a branch or department. If the last three are XXX, they simply mean the head office.

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