Raiffeisenbank Hoechberg EG SWIFT/BIC code

What GENODEF1 means for a payment to Raiffeisenbank Hoechberg EG

GENODEF1 and GENODEF1HBG are the short and the long form of the same bank identifier, and both point to Raiffeisenbank Hoechberg EG in Hoechberg. A BIC does one job: it makes sure that an international payment reaches the right bank. It comes up mostly for transfers between countries and payments in foreign currencies.

Further down you will find the practical questions: money coming in from abroad, paying someone in another country and how to check a SWIFT code before you confirm a payment. Keep in mind that the BIC just identifies the bank, not the person: the account number or IBAN does that part.

Sending EUR to Raiffeisenbank Hoechberg EG

Germany pays in the Euro, code EUR. A payment in a foreign currency will be exchanged into EUR before it reaches the account. There is rarely a separate charge for that conversion.

Which bank converts the money makes a difference. Compare how much EUR arrives via different services before choosing one.

The rate for EUR fluctuates constantly. For regular payments, small differences in the rate add up over time.

What a transfer from Raiffeisenbank Hoechberg EG abroad really costs

What you pay for a payment abroad is made up of several parts, and the transfer fee is only the most visible one. You pay the transfer fee, sometimes charges from correspondent banks in between and, most importantly, the exchange rate markup.

The markup on the rate is often the biggest item, and it is easy to miss. An easy check: set the rate you get next to the mid-market rate and look at the difference.

Specialised transfer providers frequently use a rate near the mid-market rate. GoldexPay compares what recipients receive across services. You can still use your account at Raiffeisenbank Hoechberg EG; only the conversion and sending happen elsewhere.

Protect yourself against fake payment requests

Fraudsters regularly send fake invoices containing changed bank details, sometimes in an email that looks completely genuine. The fact that GENODEF1 exists is no guarantee that the account is genuine; criminals use the codes of real banks too.

Before paying, verify changed bank details by phone, using a number you already had. Watch out for time pressure, unusual wording or an email address that differs by one letter. Already paid? Contact the bank you paid from straight away and have them start a recall.

People receiving money are targeted too: a classic trick is an overpayment and then sends a request to refund the difference abroad. Wait until the money is actually in your account and check with Raiffeisenbank Hoechberg EG if anything seems off.

How long does an international transfer to Raiffeisenbank Hoechberg EG take?

How quickly a transfer arrives at Raiffeisenbank Hoechberg EG depends on a few things: which currency you send, the number of banks in between, daily processing deadlines and time zones. Transfers sent late in the day or just before a weekend or public holiday often go out the next business day. Extra checks on larger or unusual payments may also add a delay, regardless of the details.

A growing number of banks are connected to SWIFT gpi. Each gpi transfer carries a unique reference, the UETR that banks can use to trace it. Specialist transfer services usually show a status in their app showing where the money has got.

If a payment has not arrived within the expected time, the person who paid should start with the bank that sent it rather than Raiffeisenbank Hoechberg EG. As a recipient, you can look at your account to see a slightly lower amount because fees can reduce the amount.

Euro transfers to Raiffeisenbank Hoechberg EG: is a BIC needed?

Germany is part of the Single Euro Payments Area (SEPA), where euro transfers follow common rules. For a standard euro transfer within SEPA, the IBAN is usually enough; many banks no longer ask for the BIC.

Outside the euro and from non-SEPA countries, GENODEF1HBG remains required. If a payment form has a field for the BIC anyway, entering GENODEF1 is fine.

Instant payments in euros are widely supported within SEPA; check with Raiffeisenbank Hoechberg EG whether it applies to your account. Charges on SEPA payments are generally low.

About this information

This directory draws on public sources and is updated regularly. Still, banks merge, rename themselves or retire codes. Counts and locations are from our own dataset and may differ from what Raiffeisenbank Hoechberg EG publishes.

Treat our data as a starting point, rather than as the final word: the recipient’s bank details come first. GoldexPay is an independent comparison site and not part of Raiffeisenbank Hoechberg EG. If you notice something that is out of date, we appreciate a message via the contact page.

Choosing between the 2 SWIFT codes of Raiffeisenbank Hoechberg EG

With 2 codes, Raiffeisenbank Hoechberg EG belongs to the banks that use individual codes for branches and departments. The main code remains GENODEF1HBG.

For most payments to a private or business account, the head office code GENODEF1HBG works fine. A branch code only makes sense if the recipient’s bank explicitly mentions it.

The safest route is to take the code straight from the account holder’s bank details. Branch codes can change when banks reorganise, so a code from an old document is not always valid.

Getting paid from abroad into a Raiffeisenbank Hoechberg EG account

To receive an international payment into your account at Raiffeisenbank Hoechberg EG, the sender needs more than the BIC. Share the account holder’s name, the IBAN or account number, the BIC GENODEF1HBG and your address.

Some banks also ask for the bank’s address in Hoechberg; it does no harm to include it. A mistake in the IBAN can be harder to fix than you might think, so copy the details from your online banking.

Money from abroad will not always arrive for the full amount. Charges on incoming payments vary per bank – the price list of Raiffeisenbank Hoechberg EG tells you what applies. Agree with the sender who pays which costs.

8 or 11 characters: GENODEF1 versus GENODEF1HBG

The layout of a BIC is always the same: four characters for the institution, two for the country and two for the location, plus an optional branch code. The result is GENODEF1.

The full version has a three-character extension for a branch or department. If the last three are XXX, they simply mean the head office, so GENODEF1HBG and GENODEF1 are interchangeable.

Do not add spaces when you type GENODEF1. A single character can send the money to a different institution, so copy it carefully.

How to check GENODEF1 before you pay

The most reliable source for a SWIFT code is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. Check that code with GENODEF1 here and ask if anything does not match.

An incorrect BIC may lead to a delay, a returned payment or extra fees for investigation. A mistake in the IBAN or account number is a bigger problem because it can reach the wrong person.

Most online banking apps check the structure of IBANs and sometimes look up the BIC automatically, but that does not prove the account belongs to the right person. If your bank offers it, a payee name check on the recipient adds an extra layer of safety. For a first payment, many people start with a small test amount before sending the rest.