Raiffeisenbank Isar-Loisachtal EG SWIFT/BIC code

GENODEF1 – the SWIFT/BIC code of Raiffeisenbank Isar-Loisachtal EG

GENODEF1 and GENODEF1HHY are the short and the long form of the same SWIFT/BIC code, and both point to Raiffeisenbank Isar-Loisachtal EG in Baierbrunn. A BIC does one job: it makes sure that an international payment ends up at the right bank. In daily life you mostly see it on invoices from abroad, in your banking app and on the account details of Raiffeisenbank Isar-Loisachtal EG customers.

On this page you can read how the code means, when you need it and which other details a transfer to or from Raiffeisenbank Isar-Loisachtal EG requires. A SWIFT code identifies an institution, never a specific account.

Do you need GENODEF1 for a SEPA transfer?

Since Germany is part of SEPA, a euro payment into Raiffeisenbank Isar-Loisachtal EG from another SEPA country normally only needs an IBAN. Many banks do not require the BIC in that case or fill it in for you.

A SWIFT code like GENODEF1 still matter when the currency is not euros and when the money comes from outside SEPA. Some forms still ask for the BIC out of habit; in that case, enter GENODEF1.

Euro payments within SEPA normally land by the next business day; instant payments are faster if both banks offer them. Charges on SEPA transfers are generally low, as long as no currency conversion is involved.

How to check GENODEF1 before you pay

Ask the recipient to send you their bank details straight from their banking app. Compare it against GENODEF1 on this page.

If the code is wrong, the transfer may be delayed, be returned or end up costing more – sometimes after weeks of searching. An error in the account number can be more serious because it can reach the wrong person.

Most online banking apps validate the format of an IBAN and sometimes look up the BIC automatically, but that does not prove the account belongs to the right person. Where available, a name check on the recipient gives an extra layer of safety. For a first payment, some people start with a small amount first.

A note on our data

The directory on GoldexPay is based on public sources and is updated regularly. Even so, banks merge, rename themselves or retire codes, so information can be out of date. The number of codes we show are based on what is in our directory, not official figures from Raiffeisenbank Isar-Loisachtal EG.

Use our data as a reference, not as the final word. GoldexPay has no connection to Raiffeisenbank Isar-Loisachtal EG, we only compare transfer services. Found an error? Tell us through the contact page so we can correct it.

8 or 11 characters: GENODEF1 versus GENODEF1HHY

The layout of a BIC is always the same: a bank code of four letters, a two-letter country code and two for the location, plus an optional branch code. Combined, those parts form GENODEF1.

Most payment forms accept both lengths. If yours asks for eleven characters, enter GENODEF1HHY; if it wants eight, use GENODEF1.

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

Changed bank details? Be careful

One of the most common tricks goes like this: you receive a request saying that a supplier has new bank details and that the next payment should go there. A real SWIFT code tells you nothing about whether the request is genuine – scammers simply use real codes.

Never trust a phone number in the same message that contains the change. Watch out for time pressure, odd spelling or an email address that differs by one letter. When money has already gone to a fraudster, contact your bank immediately: the sooner they act, the better the chance of a recall.

Recipients can be targeted as well: one known trick is a buyer who pays too much and then sends a request to refund the difference. A payment confirmation from the sender is no proof.

Sending money abroad from Raiffeisenbank Isar-Loisachtal EG

A bank transfer abroad costs rather more than the fee suggests. Besides a fixed fee, banks in between may deduct a fee, and if currencies are converted the bank often uses a rate below the real market rate.

Many banks do not show their exchange rate markup as a cost. A simple test: set the bank’s rate against the mid-market rate and work out the difference on your amount.

For a lot of routes, a transfer service turns out to be less expensive than a traditional bank transfer, mainly because of the exchange rate. GoldexPay compares what recipients receive with different services, which makes the cheapest option easy to spot. Choosing a specialist does not mean closing your account at Raiffeisenbank Isar-Loisachtal EG: you simply pay the service from your account.

Sending EUR to Raiffeisenbank Isar-Loisachtal EG

Germany uses the Euro. A payment in a foreign currency will be converted into EUR before it reaches the account. Every conversion costs the amount – usually through the rate rather than a fee.

Which bank converts the money matters. Compare what EUR the recipient gets via different services; the difference between options can be larger than you expect.

Exchange rates change during the day, and some providers let you lock in a rate. If you pay regularly, small differences in the rate add up over time.

How long does an international transfer to Raiffeisenbank Isar-Loisachtal EG take?

How quickly a payment arrives at Raiffeisenbank Isar-Loisachtal EG is determined by a few things: which currency you send, the number of banks in between, cut-off times and differences in time zone. Payments made after the cut-off time or just before a weekend or public holiday often go out a business day later. Compliance checks on larger or unusual payments can also cause a delay, even when all details are correct.

Many banks are connected to SWIFT gpi for faster and traceable payments. Each payment gets a unique transaction reference, the UETR, which your bank can use to see where the money is. Specialist transfer services usually provide a status online so you can see how far the payment is.

Only the sending bank can start an official trace or a recall; the receiving side usually has nothing to trace yet. Ask the sender for the payment receipt with the date and reference; that often settles the question quickly.

Head office or branch code at Raiffeisenbank Isar-Loisachtal EG?

Raiffeisenbank Isar-Loisachtal EG has 2 separate SWIFT/BIC codes. One of them is the head office code; the others identify branches or departments, and sometimes internal departments.

In most cases there is no need to look up a branch: transfers sent to GENODEF1HHY reach Raiffeisenbank Isar-Loisachtal EG without problems. Just use a branch code when the account holder gives you that exact code, for example on a letter or invoice.

When in doubt, ask the person you are paying for the exact BIC in their bank details. Codes for branches are more prone to change than GENODEF1HHY.

Incoming international payments to Raiffeisenbank Isar-Loisachtal EG

When you expect money from abroad, send the payer all details at once. Share your name as the bank knows it, your account number or IBAN, the BIC GENODEF1HHY and your address, which some banks require.

You can add Raiffeisenbank Isar-Loisachtal EG and its city as well, because some payment forms have separate fields for them. A typo in the IBAN can be harder to fix than you might think; copy them from your banking app rather than typing.

Expect that the amount credited is smaller than what the sender paid. Correspondent banks can take a fee, and if the money is converted, an exchange rate margin applies. Make clear with the sender who pays which costs.