Raiffeisenbank Mutlangen EG SWIFT/BIC code

What GENODES1 means for a payment to Raiffeisenbank Mutlangen EG

The 8-character code GENODES1 and the 11-character code GENODES1RML refer to the same bank: Raiffeisenbank Mutlangen EG, with its head office in Mutlangen. Every bank on the SWIFT network uses BIC codes to direct international transfers to the correct bank. You will need it mostly for payments that cross a border.

On this page you can read how the code means, when it matters and which other details you need for a transfer to or from Raiffeisenbank Mutlangen EG. The BIC names an institution, not a specific account, which is why you always need the account number too.

When will the money arrive at Raiffeisenbank Mutlangen EG?

How quickly a transfer arrives at Raiffeisenbank Mutlangen EG depends on several factors: the currency, how many intermediary banks are involved, cut-off times and differences in time zone. Weekends and public holidays in either country add a day or more to the journey. Occasionally a bank asks what the payment is for.

When a payment takes longer than expected, contact the sending bank about the tracking status and the transaction reference; with that reference banks can see where the payment is. Money transfer services usually provide tracking online so you can see how far the payment has got.

Only the sending bank can request a trace – the recipient’s bank often cannot see a payment that has not arrived. As a recipient, you can check your account to see a slightly lower amount, since fees may have been deducted.

Head office or branch code at Raiffeisenbank Mutlangen EG?

We have 2 SWIFT/BIC codes for Raiffeisenbank Mutlangen EG in 2 places. Besides the head office code GENODES1RML, there are codes for regional offices and specialised units.

For the vast majority of payments to a private or business account, the head office code GENODES1RML is what you need. When you receive a specific code, stick to it rather than swapping it for the head office code.

If you are not sure, ask the person you are paying for the exact BIC in their bank details. Codes for branches are more likely to be retired than the head office code.

Verifying the SWIFT code of Raiffeisenbank Mutlangen EG

Ask the recipient to send you the account details directly from their online banking. When the code you were given does not match GENODES1 or GENODES1RML, stop and ask: check with the recipient or with Raiffeisenbank Mutlangen EG directly.

An incorrect BIC may lead to delays, a payment being sent back or additional charges along the way. A mistake in the IBAN or account number is more serious because it can reach the wrong person.

A validity check in your banking app merely confirms that the IBAN exists, not that it is the right account. Where available, a name check on the recipient gives an extra layer of safety. A small test payment can be a sensible step for large sums.

Paying Raiffeisenbank Mutlangen EG in euros within SEPA

Within the SEPA zone, euro transfers to an account in Germany use common rules and in most cases need only the IBAN. A field for the BIC is usually optional or missing in that case.

The BIC still come into play when the currency is not euros and when the money comes from outside SEPA. Some banks and apps also show a field for the BIC; if so, enter GENODES1.

Instant payments in euros are widely supported within SEPA – whether Raiffeisenbank Mutlangen EG offers them for your account is worth checking. Fees for SEPA payments tend to be low.

Getting paid from abroad into a Raiffeisenbank Mutlangen EG account

For an international payment at Raiffeisenbank Mutlangen EG, the person paying you has to have not just the BIC. That means: your full name as registered with Raiffeisenbank Mutlangen EG, your IBAN or account number, the SWIFT/BIC code GENODES1RML and, often, your address.

The sender’s bank may also ask for the bank address of Raiffeisenbank Mutlangen EG; the head office in Mutlangen is usually fine. A typo in your account number can be more trouble than you might think.

Expect that the amount credited is smaller than what the sender paid. Correspondent banks can take a fee, and when currencies differ, a markup on the rate comes on top. Make clear with the sender who covers the fees before the money is sent.

GENODES1 or GENODES1RML – which one to use?

Every SWIFT/BIC code starts with the same eight core characters: a four-letter bank code, a two-letter country code and a two-character location code. For Raiffeisenbank Mutlangen EG, the 8-character core is GENODES1.

The 11-character version has a three-character extension for a branch or department. If the last three are XXX, they simply mean the head office, which is why GENODES1RML and GENODES1 lead to the same place.

Enter the code in one piece, in capitals and without spaces, exactly as shown here. Look out for O versus 0 and the letter I and the digit 1.

What a transfer from Raiffeisenbank Mutlangen EG abroad really costs

The price of an international transfer is made up of more than one component. There is the transfer fee, sometimes charges from correspondent banks in between and, above all, the margin on the exchange rate.

The markup on the rate is often the biggest item even though it is not listed as a fee. An easy check: set the bank’s rate against the mid-market rate for the same moment and look at the difference.

Specialised transfer providers frequently use rates closer to the mid-market rate with clearer fees. Before your next transfer, take a minute to compare what arrives via GoldexPay. Using a transfer service does not require leaving Raiffeisenbank Mutlangen EG: you simply pay the service from your account.

Protect yourself against fake payment requests

Criminals often send fake invoices with changed bank details. That GENODES1 is a real code is no guarantee that a request mentioning it is legitimate.

Never trust a phone number from the same email that announces the new account. Pressure or requests to keep it quiet are warning signs – a real supplier can wait a day. Already paid? Contact the bank you paid from straight away and have them try to recall the payment; also report it to the police.

Scams can also target the receiver: someone sends more than agreed and asks you to return the difference. A screenshot of a transfer is no proof.

About this information

Our SWIFT/BIC directory is based on publicly available sources and we update it periodically. Even so, banks merge or change codes. Figures such as the number of codes come from our own dataset and may differ from what Raiffeisenbank Mutlangen EG publishes.

Treat the information on this page as a handy check. GoldexPay is a comparison service and not affiliated with Raiffeisenbank Mutlangen EG. Spotted outdated information? Tell us via our contact form so we can correct it.

The Euro and what conversion costs you

Germany pays in the Euro (EUR). Money sent in a different currency will be exchanged into EUR before it reaches the account – and the bank that does it picks the rate. You rarely see a separate charge for that conversion; it is built into the rate.

Which bank converts the money matters, because each party uses its own rate. Check how much EUR the recipient gets with different services before choosing one.

The rate for EUR fluctuates throughout the day 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.