Raiffeisenbank Hollfeld Waischenfeld-Aufsess SWIFT/BIC code

SWIFT/BIC code of Raiffeisenbank Hollfeld Waischenfeld-Aufsess

Whether you are given GENODEF1 or GENODEF1HWA, it is the identical address for Raiffeisenbank Hollfeld Waischenfeld-Aufsess in Germany. A SWIFT code shows the sending bank exactly which bank is meant to get the money, much like a postcode for banks. It comes up mostly when dealing with transfers between countries or a currency.

On this page you can read what the code is put together, when it matters and which other details a transfer to or from Raiffeisenbank Hollfeld Waischenfeld-Aufsess requires. Remember that the SWIFT code just identifies the bank, not the account: the account number or IBAN does that part.

SEPA payments and the Raiffeisenbank Hollfeld Waischenfeld-Aufsess BIC

Within the SEPA zone, euro payments to an account in Germany follow common rules. The BIC field is often optional for those payments.

You will still need GENODEF1HWA when sending non-euro payments or money from outside the SEPA area. If a payment form has a field for the BIC regardless, entering GENODEF1 is fine.

Instant euro transfers have become increasingly available across SEPA; check with Raiffeisenbank Hollfeld Waischenfeld-Aufsess whether it applies to your account. As long as the payment stays in euros, the transfer is inexpensive; it is the conversion that costs money.

The Euro and what conversion costs you

The currency of Germany is the Euro (EUR). When you pay another currency gets converted somewhere along the way – by your bank, by Raiffeisenbank Hollfeld Waischenfeld-Aufsess or by a bank in between. You rarely see a separate charge for that conversion.

Who does the conversion has an effect on the final amount. In many cases it is cheaper if you send EUR directly via a provider with a good rate rather than letting the receiving bank convert.

The rate for EUR fluctuates constantly and quotes are often valid only for a short time. With bigger transfers, even seemingly small difference in the rate can be worth more than the fee.

Why Raiffeisenbank Hollfeld Waischenfeld-Aufsess has an 8- and an 11-character code

Every SWIFT/BIC code has the same eight core characters: four letters for the bank, a two-letter country code and two characters for the location. For Raiffeisenbank Hollfeld Waischenfeld-Aufsess, the 8-character core is GENODEF1.

XXX at the end of GENODEF1HWA does not stand for a missing value or a mistake: it indicates the main office of Raiffeisenbank Hollfeld Waischenfeld-Aufsess. Certain payment forms insist on 11 characters, and then you simply add XXX behind GENODEF1.

Do not add spaces or dashes when you type GENODEF1; the code is always written in one block. Watch for O versus 0 or the letter I and the digit 1, a common source of typos.

Getting paid from abroad into a Raiffeisenbank Hollfeld Waischenfeld-Aufsess account

When you expect money from abroad, give the sender a complete set of details. That means: your full name exactly as it appears on the account, your account number or IBAN, the BIC GENODEF1HWA and usually your postal address.

You can include Raiffeisenbank Hollfeld Waischenfeld-Aufsess and Hollfeld too, because some payment forms have separate fields for them. A mistake in the IBAN is harder to fix than you might think.

What lands in your account is often less than the amount sent. Intermediary banks may deduct a fee, Raiffeisenbank Hollfeld Waischenfeld-Aufsess may charge for incoming payments, and if the currency changes, an exchange rate margin comes on top. Make clear with the sender who pays which costs, especially for larger amounts.

A note on our data

The directory on GoldexPay is compiled from publicly available sources and we update it periodically. Institutions reorganise, change names and change codes. The number of codes on this page are based on our own data and not on information from Raiffeisenbank Hollfeld Waischenfeld-Aufsess itself.

Treat our directory on this page as a helpful check. GoldexPay is independent of Raiffeisenbank Hollfeld Waischenfeld-Aufsess. Found outdated information? Let us know via our contact form so we can correct it.

How to check GENODEF1 before you pay

The most reliable place for the right code is paperwork issued by the bank. Compare that code with GENODEF1 here.

If the code is wrong, the transfer may get stuck, be returned or end up costing more. Do not forget the IBAN: an error there can be harder to correct than a wrong BIC.

Many banking apps check the format of IBANs and some suggest the matching BIC, but that does not prove the account belongs to the right person. If your bank offers it, a payee name check before sending adds an extra layer of safety. A small test payment is a sensible step for large sums despite the extra fee.

Which of the 2 codes of Raiffeisenbank Hollfeld Waischenfeld-Aufsess do you need?

Having 2 codes in 2 cities, Raiffeisenbank Hollfeld Waischenfeld-Aufsess is one of the banks that use separate codes for parts of the organisation and departments. The main code remains GENODEF1HWA.

For most payments to a private or business account, the head office code GENODEF1HWA is what you need. Branch codes are only needed if the account holder specifically asks for it, which is more common for business accounts and trade services.

The best way is to copy the code straight from the account holder’s statement. Codes for branches are more likely to change than GENODEF1HWA.

Protect yourself against fake payment requests

Be alert when a contact unexpectedly asks you to pay into another account. The fact that GENODEF1 exists is no guarantee that the account is legitimate.

Verify changed bank details through a different channel like a call to a number from an earlier contract, never via the email that asked for the change. Be suspicious of time pressure, unusual wording or an email address that differs by one letter. Already paid? Call the bank you paid from without delay and have them start a recall; also report it to the police.

Recipients can be targeted as well: a classic trick is an overpayment and then sends a request to refund the difference abroad. A payment confirmation from the sender proves nothing.

International transfers from Raiffeisenbank Hollfeld Waischenfeld-Aufsess: the real cost

The price of a payment abroad has more than one component, and the transfer fee is only the most visible one. There is the transfer fee, possibly charges from correspondent banks in between and, most importantly, the margin on the exchange rate when the money is converted.

That exchange rate margin tends to be the biggest cost even though it is not listed as a fee. A simple test: set the rate you get next to the mid-market rate and work out the difference on your amount.

For many currency pairs, a transfer service turns out to be cheaper than a bank – mostly thanks to the rate. GoldexPay lists these services next to each other, showing the amount the recipient gets. You can always keep your account at Raiffeisenbank Hollfeld Waischenfeld-Aufsess to fund the transfer, while a cheaper service handles the conversion.

Tracking a transfer to or from Raiffeisenbank Hollfeld Waischenfeld-Aufsess

There is no fixed delivery time: some arrive the same day or the next, others take several business days. Transfers sent after the cut-off time or on a weekend or public holiday often go out the next business day. Extra checks by one of the banks may also add some delay, regardless of the details.

If a transfer seems late, contact your bank for the tracking status or the UETR. Keep your transfer receipt until the recipient confirms.

A missing payment has to be investigated from the sending side on the basis of the transfer details. Ask the sender for the payment receipt; that often settles the question quickly.