Raiffeisenbank Pfaffenhausen EG SWIFT/BIC code

SWIFT/BIC code of Raiffeisenbank Pfaffenhausen EG

Whether you are given GENODEF1 or GENODEF1BLO, it is the identical address for Raiffeisenbank Pfaffenhausen EG in Germany. The code has a single purpose: it ensures that money from abroad ends up at the right bank. In practice you usually come across the code on international invoices, in payment forms and in the bank details that Raiffeisenbank Pfaffenhausen EG provides.

This page is meant to help people who pays into an account at Raiffeisenbank Pfaffenhausen EG and wants to get the details right. The SWIFT code on its own does not identify a personal account; for that you need the IBAN or account number .

Sending EUR to Raiffeisenbank Pfaffenhausen EG

Accounts at Raiffeisenbank Pfaffenhausen EG are typically held in EUR, the local currency of Germany. If you send money in a different currency it gets converted at some point – by your bank, by Raiffeisenbank Pfaffenhausen EG or by a bank in between. You rarely see a separate line for that conversion – the cost sits in the rate.

Which bank converts the payment matters: every bank has its own margin. Transferring the amount already in EUR usually avoids an extra conversion – as long as your own rate is good.

The rate for EUR fluctuates throughout the day. On larger amounts, a small difference in the rate adds up quickly.

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

Germany is a member of the SEPA area. For a standard euro transfer within SEPA, the IBAN is usually enough; many banks no longer ask for the BIC.

The BIC does matter for payments in other currencies, and for transfers from outside SEPA. A few banks and apps still ask for the BIC; in that case, enter GENODEF1.

Instant payments in euros are increasingly supported across SEPA. Charges on SEPA transfers tend to be low.

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

When you are waiting for a payment from another country, give the sender a complete set of details. In practice that means: your full name as registered with Raiffeisenbank Pfaffenhausen EG, your IBAN or account number, the SWIFT/BIC code GENODEF1BLO (or GENODEF1) and sometimes your address.

The sender’s bank might also ask for the address of your bank. Double-check each detail before you share them – a sender rarely spots a mistake in someone else’s details.

The amount you receive can be less than what was sent. Fees for incoming transfers differ from bank to bank – the price list of Raiffeisenbank Pfaffenhausen EG tells you what applies. Make clear with the sender who covers the fees.

Sending money abroad from Raiffeisenbank Pfaffenhausen EG

The price of an international transfer has several parts – not just the fee on your screen. On top of a fixed fee, correspondent or intermediary banks can take a cut, and when currencies are converted the bank often applies a rate that is less favourable than the real market rate.

The markup on the rate is often the biggest cost because it is hidden in the rate. Compare their rate with the mid-market rate.

For a lot of currency pairs, a transfer service turns out to be cheaper than a traditional bank transfer, mainly because of the exchange rate. Next time you send money, it is worth comparing what arrives via GoldexPay rather than accepting the bank’s rate by default. You can always use your account at Raiffeisenbank Pfaffenhausen EG, while a cheaper service handles the conversion.

Where our SWIFT data comes from

The directory on GoldexPay draws on publicly available sources and is updated regularly. Institutions merge, close branches and change codes, and a directory never catches every change immediately. Figures such as the number of codes are from our own dataset.

For a payment that matters, confirm the code with the recipient’s bank or the recipient. GoldexPay is independent of Raiffeisenbank Pfaffenhausen EG; we are a comparison site for money transfers. Spotted an error? Let us know via our contact form.

Choosing between the 2 SWIFT codes of Raiffeisenbank Pfaffenhausen EG

Raiffeisenbank Pfaffenhausen EG has 2 separate SWIFT/BIC codes. One of them is the head office code, GENODEF1BLO; the rest belong to branches or departments.

Usually you do not need to pick a branch: transfers sent to GENODEF1BLO are routed within Raiffeisenbank Pfaffenhausen EG correctly. A branch code only makes sense if the account holder specifically mentions it, which is more common for business accounts and specialised services.

When in doubt, check with the recipient which code their bank gave them. Branch codes are more prone to be retired than GENODEF1BLO.

GENODEF1 or GENODEF1BLO – which one to use?

A BIC is made up of a few fixed parts: the first four letters identify the bank, the next two give the country and the two after that indicate the location. In this case, that core is GENODEF1.

XXX at the end of GENODEF1BLO does not stand for a placeholder or a mistake: it stands for the main office of Raiffeisenbank Pfaffenhausen EG. Certain payment forms insist on 11 characters, in which case you simply add XXX after GENODEF1.

In practice the code is written in capitals and without spaces. A wrong character can send a payment to a different institution, so check it twice.

Scams that use SWIFT codes

Fraudsters regularly use payment requests containing new bank details sent from what looks like a familiar address. A correct SWIFT code tells you nothing about who owns the account – scammers simply use real codes.

Check new bank details via a different channel, such as a phone number you already know, not by replying to the message. Be suspicious of time pressure, unusual wording 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.

Scams can also work the other way. Someone claims to have sent too much and asks you to refund the difference. Do not act before the money is actually in your account – ask Raiffeisenbank Pfaffenhausen EG if something looks wrong.

How to check GENODEF1 before you pay

The safest source for the BIC is the bank details provided by the recipient. If the code you have does not match GENODEF1 or GENODEF1BLO, stop and ask: check with the recipient or with Raiffeisenbank Pfaffenhausen EG directly.

A wrong SWIFT code may lead to delays, a payment being sent back or additional charges for investigation. A mistake in the IBAN or account number can be a bigger problem because it can reach the wrong person; check it just as carefully.

Many banking apps check the structure of an IBAN and some suggest the matching BIC – that confirms the format, not the owner. More and more banks check the payee name against the account – do not ignore a mismatch warning. For a first payment, some people start with a small test amount.

Transfer times and tracking a payment to Raiffeisenbank Pfaffenhausen EG

A SWIFT payment usually needs anywhere from one to several business days. Bank holidays in either country can add a day or more. Occasionally a bank asks about the purpose of a payment, which can hold things up.

Many banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Every gpi transfer gets a unique reference, the UETR. Save your transfer receipt until the money has arrived.

If the money does not arrive after a few business days, the person who paid should contact their own bank, not the receiving bank. Ask the sender for the payment receipt including the reference – it helps your own bank look for the money.