Raiffeisenbank Hengersberg-Schoellnach EG SWIFT/BIC code

What GENODEF1 means for a payment to Raiffeisenbank Hengersberg-Schoellnach EG

The 8-character code GENODEF1 and the full code GENODEF1HBZ identify the same bank: Raiffeisenbank Hengersberg-Schoellnach EG, with its head office in Aussernzell. Banks worldwide use these codes to direct payments between countries to the correct bank. In daily life you mostly come across the code on international invoices, in your banking app and in the bank details that Raiffeisenbank Hengersberg-Schoellnach EG provides.

We wrote this page to help people who sends money to an account at Raiffeisenbank Hengersberg-Schoellnach EG without mistakes. A SWIFT code identifies a bank or branch, never a single account, which is why you always need the account number too.

Incoming international payments to Raiffeisenbank Hengersberg-Schoellnach EG

If you are waiting for money from abroad, send the payer all details at once. Share your name as the bank knows it, the IBAN or account number, the BIC GENODEF1HBZ and your address, which some banks require.

The sender’s bank may request the address of your bank; the head office in Aussernzell is usually fine. A typo in your account number is harder to fix than you might think, so copy the details from your online banking.

Money from abroad does not always arrive in full. Fees for incoming transfers vary per bank; check the price list of Raiffeisenbank Hengersberg-Schoellnach EG. On invoices, you can agree who bears the costs.

Before you send: check the Raiffeisenbank Hengersberg-Schoellnach EG code

Have the recipient send you their account details straight from their online banking. Check it against GENODEF1 here and ask if anything does not match.

If the code is wrong, the transfer might get stuck, bounce back or end up costing more – sometimes after weeks of searching. Do not forget the IBAN: an error there can be harder to undo than a wrong code.

An automatic check by your bank only tells you that the IBAN is valid, not that it is the right account. Where available, a payee name check before sending gives an extra layer of safety. Sending a small amount first can be worth it for large sums, even if it costs an extra fee.

Scams that use SWIFT codes

Criminals regularly use payment requests containing changed bank details sent from what looks like a familiar address. A real SWIFT code says nothing about who owns the account – scammers simply use real codes.

Do not rely on contact details in the same message that announces the new account. Watch out for urgent requests, unusual wording or an email address that differs by one letter. When a payment was sent to a fraudster, contact your bank immediately: the sooner they act, the better the chance of a recall.

People receiving money are targeted too: a classic trick is a buyer who pays too much and then sends a request to send back the difference to another account. A payment confirmation from the sender is no proof; only your own account shows what has arrived.

8 or 11 characters: GENODEF1 versus GENODEF1HBZ

A BIC is made up of fixed blocks: the first four letters stand for the bank, the next two give the country and characters seven and eight mark the location. Together, those parts form GENODEF1, the code most people search for.

Most payment forms accept either length. If yours asks for eleven characters, enter GENODEF1HBZ, otherwise GENODEF1 is fine.

Leave out spaces, dots when you type GENODEF1. Copying the code beats retyping it, because one wrong letter changes the bank.

Where our SWIFT data comes from

The details here are taken from publicly available data that we update regularly. It is possible that a code on this page is no longer current. Counts and locations come from our own dataset and may differ from what Raiffeisenbank Hengersberg-Schoellnach EG publishes.

Use this page as a starting point, rather than as the last word: the recipient’s bank details come first. GoldexPay is a comparison service and not affiliated with Raiffeisenbank Hengersberg-Schoellnach EG. Found an error? Tell us via our contact form so we can correct it.

Paying into Raiffeisenbank Hengersberg-Schoellnach EG in EUR

The local currency in Germany is the Euro (EUR). If you send another currency it has to be converted at some point. You rarely see a separate charge for the conversion; it is built into the rate.

Who converts the money matters: every bank has its own margin. Compare how much EUR the recipient gets via several providers.

The EUR rate changes constantly, so the amount you see is usually only valid for a short time. For recurring payments, small differences in the rate add up over a year.

Paying Raiffeisenbank Hengersberg-Schoellnach EG in euros within SEPA

Germany belongs to the SEPA area, where euro transfers follow common rules. When you send euros from another SEPA country, the IBAN is usually enough; many banks no longer ask for the BIC.

For anything other than euros and from non-SEPA countries, GENODEF1HBZ or GENODEF1 is still part of the payment details. If your banking app has a field for the BIC regardless, adding GENODEF1 is fine.

Euro payments within SEPA usually arrive by the next business day. Provided the payment stays in euros, the transfer tends to be cheap; costs rise once a conversion is involved.

Choosing between the 2 SWIFT codes of Raiffeisenbank Hengersberg-Schoellnach EG

Raiffeisenbank Hengersberg-Schoellnach EG has 2 different SWIFT/BIC codes across 2 cities. Only one is the head office code; the rest identify branches, and sometimes specific services.

Unless the recipient tells you otherwise, use GENODEF1HBZ or its short form GENODEF1. Only use a branch code when the account holder explicitly asks for it, for example on an invoice or in their bank details.

Unsure which code applies? Check with the recipient. Branch codes are more prone to change than the head office code when a bank merges or closes offices.

What a transfer from Raiffeisenbank Hengersberg-Schoellnach EG abroad really costs

An international bank payment can cost more than the fee suggests. You pay the transfer fee, possibly fees charged by intermediary banks in between and, above all, the exchange rate markup.

That exchange rate margin is often the largest item, and it is easy to miss. A simple test: set the bank’s rate against the mid-market rate and work out the difference on your amount.

Money transfer services often offer a rate near the mid-market rate and lower fees. GoldexPay lists transfer providers side by side so you can see the amount the recipient gets. Using a transfer service does not mean leaving Raiffeisenbank Hengersberg-Schoellnach EG: you simply pay the service from your account.

When will the money arrive at Raiffeisenbank Hengersberg-Schoellnach EG?

A SWIFT payment usually needs one to a few business days – it depends on currency, route and the banks in between. Transfers sent late in the day or on a weekend or public holiday often start a business day later. Occasionally a bank wants to know about the purpose of a payment, which can hold things up.

A growing number of banks are connected to SWIFT gpi. Each gpi transfer gets a unique transaction reference, the UETR, which your bank can use to see where the money is. Keep your transfer receipt until the money has arrived.

If the money does not arrive after a few business days, the sender needs to contact the bank that sent it rather than Raiffeisenbank Hengersberg-Schoellnach EG. Ask the sender for a copy of the payment confirmation including the reference; that often settles the question quickly.