Raiffeisenbank Hallertau EG SWIFT/BIC code

Raiffeisenbank Hallertau EG SWIFT code: GENODEF1

The 8-character code GENODEF1 and the full code GENODEF1RHX refer to the same bank: Raiffeisenbank Hallertau EG. The code has a single purpose: it ensures that an international payment ends up at the right bank. In daily life you usually see it on international invoices, in payment forms and in the bank details that Raiffeisenbank Hallertau EG provides.

On this page you can read how the code is put together, when it matters and which other details you need for a transfer to or from Raiffeisenbank Hallertau EG. The SWIFT code on its own cannot identify a personal account; that is what the IBAN or account number is for.

Why Raiffeisenbank Hallertau EG has an 8- and an 11-character code

The structure of every SWIFT code never changes: a bank code of four letters, a two-letter country code and a two-character location code. The result is GENODEF1 for Raiffeisenbank Hallertau EG.

Most payment forms work with both lengths. If a form requires eleven characters, enter GENODEF1RHX.

In practice the code is written in capitals and without spaces. Watch for O versus 0 or the letter I and the digit 1.

Raiffeisenbank Hallertau EG: head office code versus branch codes

Our directory lists 2 SWIFT/BIC codes for Raiffeisenbank Hallertau EG in 2 places. Next to the head office code GENODEF1RHX, there are codes for individual branches and departments.

If nobody asks you for a branch code, go with GENODEF1RHX or its short form GENODEF1. Just use a branch code when your contact gives you that exact code.

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 GENODEF1RHX when a bank merges or closes offices.

Where our SWIFT data comes from

The codes on this page are taken from publicly available data. Even so, banks merge, rename themselves or change codes and our data may lag behind. Counts and locations are from our own dataset.

Treat the information on this page as a handy check. GoldexPay is not affiliated with Raiffeisenbank Hallertau EG. Should you notice a mistake, we appreciate a short note via the contact page.

International transfers from Raiffeisenbank Hallertau EG: the real cost

When you transfer money to another country from Raiffeisenbank Hallertau EG, the fee you see is rarely all of what you pay. There is the transfer fee, sometimes charges from correspondent banks along the way and, above all, the margin on the exchange rate when the money is converted.

The real cost is often in the rate, rather than in the fee: many banks convert using an exchange rate with a margin built in. A simple test: put the rate you get next to the mid-market rate and work out the difference on your amount.

Specialist money transfer services frequently offer rates closer to the mid-market rate and lower fees. On GoldexPay we compare the amount that arrives with different providers, which makes the cheapest option easy to spot. Choosing a specialist does not mean closing your account at Raiffeisenbank Hallertau EG – you pay the provider from your own account.

Tracking a transfer to or from Raiffeisenbank Hallertau EG

There is no fixed answer for international payments: some land within a day, others take several business days. Bank holidays in the sending or receiving country add a day or more. Extra checks by one of the banks may also add a delay, regardless of the details.

A growing number of banks are connected to SWIFT gpi for faster and traceable payments. Each gpi transfer carries a unique transaction reference, the UETR that banks can use to trace it. Keep the payment confirmation until the money has arrived – you will need it for any trace request.

Only the sending bank is able to start an official trace; the receiving side usually has nothing to trace yet. On the receiving end, it helps to look at your account for a partial amount.

What to give a sender who pays you at Raiffeisenbank Hallertau EG

When you expect a payment from another country, give the sender all details at once. The basics are: the account holder’s name, account number or IBAN, GENODEF1RHX and, for some countries, your postal address.

You can add Raiffeisenbank Hallertau EG and Attenkirchen too, because some payment forms have separate fields for them. A typo in the IBAN can be more trouble than it looks.

Do not be surprised if the incoming amount is below what the sender paid. Charges on incoming payments vary from bank to bank; check the price list of Raiffeisenbank Hallertau EG. Make clear with the sender who covers the fees.

Euro (EUR) and conversion costs

Germany pays in the Euro. When you pay another currency, the amount gets converted at some point – by your bank, by Raiffeisenbank Hallertau EG or by a bank in between. Each conversion costs something – usually through the rate rather than a fee.

Who does the conversion has an effect on the final amount, since every bank sets its own rate. Check what EUR the recipient gets via different providers before choosing one.

The EUR rate changes constantly and quotes are often valid only for a short time. For regular payments, small differences in the rate make a real difference over a year.

Do you need GENODEF1 for a SEPA transfer?

Germany is a member of the Single Euro Payments Area (SEPA). For a standard euro transfer from another SEPA country, the IBAN is usually enough; many banks no longer ask for the BIC.

The BIC does matter for payments in other currencies and when the money comes from outside SEPA. Some forms still show a field for the BIC; if so, fill in GENODEF1.

SEPA transfers normally land by the next business day. Provided no currency is converted, a SEPA transfer is inexpensive.

Verifying the SWIFT code of Raiffeisenbank Hallertau EG

The most reliable place for the right code is a document from the bank itself like a bank statement or the account page in online banking. When the code you were given does not match GENODEF1 or GENODEF1RHX, stop and ask.

Errors in the BIC tend to be costly rather than disastrous. Do not forget the IBAN: a mistake there can be harder to undo than a wrong BIC.

Most online banking apps check the format of IBANs and some suggest the matching BIC – that confirms the format, not the owner. More and more banks check the name with the account; take any warning seriously. Sending a small amount first is worth it for large sums.

Protect yourself against fake payment requests

A common scam goes like this: an email arrives with a request claiming that a company now has new bank details and that the next payment should go there. A real SWIFT code tells you nothing about who owns the account – scammers simply use real codes.

Before paying, confirm a change of bank details by phone, using a number you already had. Be suspicious of time pressure, unusual wording or an email address that differs by one letter. Already paid? Call your bank straight away and ask them to start a recall.

Fraud can also target the receiver. Someone sends too much and asks you to return the difference via a different route. A payment confirmation from the sender proves nothing.