Raiffeisenbank Im Oberland EG SWIFT/BIC code

SWIFT/BIC code of Raiffeisenbank Im Oberland EG

If an invoice shows GENODEF1 or GENODEF1MIX, it is the identical identifier for Raiffeisenbank Im Oberland EG in Germany. A SWIFT code shows the sending bank exactly which bank is meant to get the money, a bit like a postal address for banks. It comes up mostly when dealing with transfers between countries.

We wrote this page to help people who pays into an account at Raiffeisenbank Im Oberland EG and wants to get the details right. Remember that the BIC only identifies the bank, not the person: the account number or IBAN takes care of that.

Which of the 2 codes of Raiffeisenbank Im Oberland EG do you need?

We have 2 SWIFT/BIC codes for Raiffeisenbank Im Oberland EG. Besides the head office code GENODEF1MIX, there are codes for individual branches and departments.

In most cases you do not need to look up a branch: transfers addressed to GENODEF1MIX are routed within Raiffeisenbank Im Oberland EG without problems. If you have been given a branch code, use it as it is rather than swapping it with the head office code.

Unsure which code to use? Check with the recipient, or look at a recent statement from Raiffeisenbank Im Oberland EG. Codes for branches are more prone to be retired than GENODEF1MIX.

Where our SWIFT data comes from

The details on this page are taken from publicly available data. It can happen that information on this page is out of date after a merger or reorganisation. Figures such as the number of codes are from our own dataset.

See the information here as a helpful check, and let the details from the recipient or Raiffeisenbank Im Oberland EG have the final say. GoldexPay has no connection to Raiffeisenbank Im Oberland EG; we are a comparison site for money transfers. Should you notice something that is out of date, we appreciate a message via the contact page.

Do you need GENODEF1 for a SEPA transfer?

Within the SEPA zone, euro payments to Raiffeisenbank Im Oberland EG follow common rules. The BIC field is often optional in that case.

A SWIFT code like GENODEF1 still matter when the currency is not euros and when the money comes from outside SEPA. If a payment form asks for the BIC anyway, entering GENODEF1 does no harm.

Euro payments within SEPA usually arrive within one business day. Provided the payment stays in euros, a SEPA transfer tends to be cheap; it is the conversion that costs money.

Before you send: check the Raiffeisenbank Im Oberland EG code

The best place to find 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 GENODEF1MIX, stop and ask – contact the recipient or Raiffeisenbank Im Oberland EG.

A wrong SWIFT code can cause a delay, a returned payment or extra fees. An error in the IBAN or account number can be more serious; check it just as carefully.

Many banking apps check the structure of an IBAN and sometimes look up the BIC automatically. Where available, a name check on the recipient adds an extra layer of safety. Sending a small amount first is a sensible step for large sums, even if it costs an extra fee.

Paying into Raiffeisenbank Im Oberland EG in EUR

The currency of Germany is the Euro (EUR). Money sent in a different currency will be converted into EUR. You rarely see a separate line for the conversion – the cost sits in the rate.

Who converts the payment matters, because each party uses its own rate. Compare how much EUR arrives with several services.

Rates for EUR move during the day. For regular payments, a slightly better rate add up over a year.

Why Raiffeisenbank Im Oberland EG has an 8- and an 11-character code

The layout of every SWIFT code is always the same: four characters for the institution, a two-letter country code and a two-character location code, plus an optional branch code. That gives you GENODEF1.

Many payment forms accept either length. If a form asks for eleven characters, enter GENODEF1MIX; if it wants eight, use GENODEF1.

Enter the code as one block, in upper case and without spaces. A single character may route the money to a different institution, so check it twice.

Protect yourself against fake payment requests

Criminals regularly use fake invoices with new bank details sent from what looks like a familiar address. That GENODEF1 is a real code does not mean that a request mentioning it is genuine.

Do not rely on contact details in the same message that announces the new account. Pressure or requests to keep it quiet tend to be warning signs – a real supplier can wait a day. If a payment was sent to the wrong account, call your bank right away – speed improves the chance of getting it back.

People receiving money are targeted too: a classic trick is a buyer who pays too much followed by a request to refund the difference. A payment confirmation from the sender proves nothing; only your own account shows what has arrived.

Paying someone abroad from your Raiffeisenbank Im Oberland EG account

What you pay for a payment abroad is made up of several parts – not just the fee on your screen. You pay the transfer fee, sometimes fees charged by intermediary banks in between and, above all, the exchange rate markup if the currency changes.

Most of the cost usually sits in the exchange rate, rather than in the fee: the bank converts using an exchange rate that includes a margin. Compare their rate with the mid-market rate.

For many currency pairs, a specialist provider is cheaper than a bank. GoldexPay compares these services next to each other so you can see the amount the recipient gets before you commit. You can always keep your account at Raiffeisenbank Im Oberland EG to fund the transfer.

Tracking a transfer to or from Raiffeisenbank Im Oberland EG

There is no fixed answer for every transfer: many land within a day, others take several business days. Weekends and public holidays in the sending or receiving country can add extra days. Compliance checks by one of the banks can also add some delay, regardless of the details.

If the money is late, contact your bank for the status and the transaction reference. Save your transfer receipt until the money has arrived.

If the money does not arrive within the expected time, the sender should contact the bank that sent it rather than Raiffeisenbank Im Oberland EG. As a recipient, you can look at your account for a partial amount, since fees may have been deducted.

What to give a sender who pays you at Raiffeisenbank Im Oberland EG

Someone abroad who wants to pay you will ask for a few details about your account. What they need is: the account holder’s name, account number or IBAN, GENODEF1MIX or GENODEF1 and, for some countries, your postal address.

Some sending banks also ask for the address of Raiffeisenbank Im Oberland EG in Bad Toelz, so keep it at hand. A mistake in the IBAN can be more trouble than it looks; copy them from your banking app rather than typing.

Money from abroad does not always arrive for the full amount. Correspondent banks can take a fee, Raiffeisenbank Im Oberland EG may charge for incoming payments, and if the currency changes, a markup on the rate applies. For business payments, it is common to state how the fees are split.