Raiffeisenbank Grossostheim-Obernburg EG SWIFT/BIC code

What GENODEF1 means for a payment to Raiffeisenbank Grossostheim-Obernburg EG

If an invoice shows GENODEF1 or GENODEF1OBE, you are looking at the identical address for Raiffeisenbank Grossostheim-Obernburg EG in Germany. A SWIFT code shows the banks handling a payment which institution should receive the money. It comes up mostly for payments that cross a border.

We wrote this page to help anyone who pays into an account at Raiffeisenbank Grossostheim-Obernburg 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.

GENODEF1 or GENODEF1OBE – which one to use?

Each SWIFT/BIC code starts with the same eight core characters: a four-letter bank code, a two-letter country code and a two-character location code. Together, these eight characters make up GENODEF1 – the version you usually see online.

Many payment forms accept either length. If a form asks for eleven characters, use GENODEF1OBE.

Leave out spaces when you enter GENODEF1; the code is always written in one block. Pasting the code is safer than retyping it, because one wrong letter changes the bank.

Getting paid from abroad into a Raiffeisenbank Grossostheim-Obernburg EG account

When you are waiting for a payment from another country, give the sender a complete set of details. What they need is: your name, account number or IBAN, GENODEF1OBE and, for some countries, your home address.

Some banks want the address of Raiffeisenbank Grossostheim-Obernburg EG in Grossostheim. Double-check every detail before you share them – a sender rarely spots a mistake in someone else’s details.

Expect that the incoming amount is below the amount on the sender’s receipt. Charges on incoming payments vary from bank to bank – the price list of Raiffeisenbank Grossostheim-Obernburg EG tells you what applies. For business payments, you can agree who bears the costs, so that nobody is left short.

International transfers from Raiffeisenbank Grossostheim-Obernburg EG: the real cost

The price of an international transfer has more than one component, and the transfer fee is only the most visible one. There is the transfer fee, possibly fees charged by intermediary banks along the way and, most importantly, the margin on the exchange rate if the currency changes.

The markup on the rate is often the largest cost, and it is easy to miss. A simple test: set the rate you get next to the mid-market rate for the same moment and look at the difference.

Money transfer services frequently use rates closer to the mid-market rate. Before your next transfer, take a minute to compare the total cost on GoldexPay. You can always keep your account at Raiffeisenbank Grossostheim-Obernburg EG as the source of the money, while a cheaper service handles the conversion.

Tracking a transfer to or from Raiffeisenbank Grossostheim-Obernburg EG

How quickly a payment reaches Raiffeisenbank Grossostheim-Obernburg EG is determined by several factors: which currency you send, how many intermediary banks are involved, daily processing deadlines and time zones. Weekends and public holidays in the sending or receiving country add extra days, since banks do not process on those days. Extra checks on larger or unusual payments can also add some delay.

When a payment takes longer than expected, ask the sending bank about the status; with that reference banks can see where the payment is. Money transfer services usually provide tracking online so you can see how far the money is.

If a payment has not arrived after a few business days, the person who paid needs to start with their own bank, not the receiving bank. As a recipient, it helps to look at your statements for a partial amount, since fees may have been deducted.

SEPA payments and the Raiffeisenbank Grossostheim-Obernburg EG BIC

Inside SEPA, euro payments to Raiffeisenbank Grossostheim-Obernburg EG follow the same rules and in most cases need only the IBAN. The BIC field is often optional in that case.

You still need GENODEF1OBE when sending payments in other currencies or transfers from countries outside SEPA. If your banking app asks for the BIC anyway, entering GENODEF1 does no harm.

SEPA transfers usually arrive within one business day; instant payments are faster if both banks offer them. Fees for SEPA payments tend to be low.

Verifying the SWIFT code of Raiffeisenbank Grossostheim-Obernburg EG

The safest source for a SWIFT code is the recipient’s own bank details. When the code you were given does not match GENODEF1 or GENODEF1OBE, do not guess.

If the code is wrong, the transfer might be delayed, be returned or end up costing more. Remember the account number: an error there can be more difficult to correct than a wrong BIC.

Most online banking apps validate the structure of IBANs and sometimes look up the BIC automatically – that confirms the format, not the owner. Some banks now check the name against the account before you confirm – do not ignore a mismatch warning. When you pay someone new, many people send a small test amount and wait for confirmation.

Choosing between the 2 SWIFT codes of Raiffeisenbank Grossostheim-Obernburg EG

Having 2 codes, Raiffeisenbank Grossostheim-Obernburg EG is one of the banks that register individual codes for branches. The main code remains GENODEF1OBE.

In most cases there is no need to look up a branch: transfers sent to GENODEF1OBE are routed within Raiffeisenbank Grossostheim-Obernburg EG correctly. If you have been given a specific code, stick to it rather than replacing it with the head office code.

Unsure which code to use? Check with the recipient. Codes for branches are more prone to change than GENODEF1OBE.

Where our SWIFT data comes from

The details here are taken from publicly available data that we update regularly. Still, banks merge, rename themselves or change codes and our data may lag behind. The number of codes on this page are based on what is in our directory, not official figures from Raiffeisenbank Grossostheim-Obernburg EG.

See our directory here as a helpful check, and let the details from the recipient or Raiffeisenbank Grossostheim-Obernburg EG have the final say. GoldexPay is a comparison site for money transfers and not affiliated with Raiffeisenbank Grossostheim-Obernburg EG. Spotted outdated information? Let us know via our contact form so we can correct it.

Paying into Raiffeisenbank Grossostheim-Obernburg EG in EUR

The currency in Germany is the Euro (EUR). If you send another currency, the amount has to be converted at some point: by your bank, an intermediary or Raiffeisenbank Grossostheim-Obernburg EG itself. There is rarely a separate line for the conversion – the cost sits in the rate.

Who converts the money matters, because each party uses its own rate. Sending the money directly in EUR usually avoids a second conversion by Raiffeisenbank Grossostheim-Obernburg EG, provided the rate you get is fair.

The rate for EUR fluctuates throughout the day. For regular payments, small differences in the rate add up over a year.

Changed bank details? Be careful

Scammers regularly send fake invoices containing new bank details. The fact that GENODEF1 exists is no guarantee that a request mentioning it is legitimate; criminals use the codes of real banks too.

Do not rely on contact details in the same message that contains the change. Pressure or requests to keep it quiet are warning signs; a genuine business can wait for you to check. Already paid? Call your bank straight away and have them start a recall; also report it to the police.

People receiving money are targeted too: one known trick is a buyer who pays too much and then sends a request to send back the difference to another account. A screenshot of a transfer proves nothing.