Raiffeisenbank Parsberg EG SWIFT/BIC code

SWIFT/BIC code of Raiffeisenbank Parsberg EG

If an invoice shows GENODEF1 or GENODEF1PAR, it is the same identifier for Raiffeisenbank Parsberg 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.

On this page you will find what the code means, when you need it and what else a transfer to or from Raiffeisenbank Parsberg EG requires. Keep in mind that the SWIFT code just identifies the bank, not the person: the account number or IBAN takes care of that.

About this information

The details on this page come from publicly available data which we refresh regularly. It can happen that information on this page is out of date, for example after a merger. The figures on this page are based on our own data, not official figures from Raiffeisenbank Parsberg EG.

Treat this page as a starting point, not as the final word: the recipient’s bank details come first. We are a comparison site for money transfers and not part of Raiffeisenbank Parsberg EG. Should you notice something that is out of date, we appreciate a short note via the contact page.

Tracking a transfer to or from Raiffeisenbank Parsberg EG

There is no fixed answer: some arrive within a day while others need several business days. Weekends and public holidays in either country add a day or more, since banks do not process on those days. Compliance checks on larger or unusual payments can also add some delay, regardless of the details.

A growing number of banks use SWIFT gpi. Every gpi transfer gets a unique reference, the UETR, which your bank can use to see where the money is. Specialist transfer services often provide tracking in their app showing how far the payment has got.

If the money does not arrive after a few business days, the sender needs to contact the bank that sent it rather than Raiffeisenbank Parsberg EG. Ask the sender for a copy of the payment confirmation.

Scams that use SWIFT codes

Stay alert if someone unexpectedly wants you to send money to a different account or a bank in another country. A real SWIFT code says nothing about who owns the account.

Before paying, confirm changed bank details through a phone call, using a number you already had. Urgency and requests to keep it quiet tend to be warning signs; a genuine business can wait for you to check. If money has already gone to the wrong account, call your bank right away: the sooner they act, the better the chance of a recall.

Fraud also work the other way. Someone claims to have sent more than agreed and asks you to return the extra to a new account. A screenshot of a transfer is no proof; only your own account shows what has arrived.

8 or 11 characters: GENODEF1 versus GENODEF1PAR

The structure of a BIC never changes: a bank code of four letters, two for the country and two for the location, sometimes followed by a branch code. That gives you GENODEF1.

Many payment forms accept both lengths. If a form asks for eleven characters, use GENODEF1PAR; if it wants eight, use GENODEF1.

Enter the code in one piece, in upper case and without spaces, exactly as shown here. Look out for O versus 0 or the letter I and the digit 1; they are easy to mix up.

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

Within the SEPA zone, euro transfers to an account in Germany use common rules. A field for the BIC is usually optional or missing for those payments.

For anything other than euros and for senders outside SEPA, GENODEF1PAR is still part of the payment details. A few banks and apps also ask for the BIC out of habit; if so, fill in GENODEF1 or GENODEF1PAR.

Instant euro transfers are increasingly supported across SEPA – whether Raiffeisenbank Parsberg EG offers them for your account is worth checking. Charges on SEPA transfers tend to be low as long as everything stays in euros.

What to give a sender who pays you at Raiffeisenbank Parsberg EG

When you are waiting for money from abroad, give the sender all details at once. That means: your full name exactly as it appears on the account, your account number or IBAN, the SWIFT/BIC code GENODEF1PAR (or GENODEF1) and sometimes your address.

Certain sending banks also ask for the name and address of Raiffeisenbank Parsberg EG. A mistake in the IBAN is more trouble than you might think, so copy the details from your online banking.

What lands in your account can be less than the amount sent. Intermediary banks may deduct a fee, and if the money is converted, a markup on the rate applies. Agree with the sender who covers the fees before the money is sent.

International transfers from Raiffeisenbank Parsberg EG: the real cost

A bank transfer abroad costs rather more than the fee suggests. Besides a fixed fee, correspondent or intermediary banks can take a cut, and if the money changes currency, the bank usually applies a rate below the real market rate.

Most of the cost usually sits in the exchange rate, rather than in the fee: many banks convert using an exchange rate with a margin built in. An easy check: put the bank’s rate against the mid-market rate for the same moment and work out the difference on your amount.

For many routes, a specialist provider is cheaper than a traditional bank transfer – mostly thanks to the rate. GoldexPay compares what recipients receive with different providers, which makes the cheapest option easy to spot. Using a transfer service does not require closing your account at Raiffeisenbank Parsberg EG – you pay the provider from your own account.

Head office or branch code at Raiffeisenbank Parsberg EG?

Our directory lists 2 SWIFT/BIC codes for Raiffeisenbank Parsberg EG in 2 cities. Next to the head office code GENODEF1PAR, you will find codes for branches, departments or specific services.

Usually there is no need to look up a branch: payments sent to GENODEF1PAR reach Raiffeisenbank Parsberg EG correctly. If you have been given a branch code, stick to it instead of replacing it with the head office code.

Unsure which code to use? Check with the recipient or the bank itself. Branch codes are more prone to be retired than the head office code when a bank merges or closes offices.

Is GENODEF1 still correct? How to check

Ask the recipient to copy the bank details straight from their online banking. Check that code against GENODEF1 here and ask if anything does not match.

A wrong SWIFT code may lead to delays, a returned payment or extra fees for investigation. An error in the IBAN or account number is more serious because it can reach the wrong person.

Many banking apps check the format of an IBAN and sometimes look up the BIC automatically – that confirms the format, not the owner. Where available, a payee name check before sending adds an extra layer of safety. Sending a small amount first is worth it for a large first payment, even if it costs an extra fee.

Euro (EUR) and conversion costs

Most accounts at Raiffeisenbank Parsberg EG are usually held in EUR, the national currency. A payment in a foreign currency is exchanged into EUR, and whoever converts it chooses the rate. Every conversion eats into the amount – usually through the rate rather than a fee.

Which bank converts the payment makes a difference. Transferring the amount directly in EUR often prevents a second conversion by Raiffeisenbank Parsberg EG.

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