Raiffeisenbank Pfaffenhofen A.d. Glonn EG SWIFT/BIC code

SWIFT/BIC code of Raiffeisenbank Pfaffenhofen A.d. Glonn EG

GENODEF1 and GENODEF1ODZ are two spellings of the same SWIFT/BIC code, and both lead to Raiffeisenbank Pfaffenhofen A.d. Glonn EG in Odelzhausen. Every bank on the SWIFT network uses these codes to direct international transfers to the correct institution. You will need it mostly when dealing with payments that cross a border or a currency.

On this page we explain how the code is put together, when it matters and which other details you need for a transfer to or from Raiffeisenbank Pfaffenhofen A.d. Glonn EG. Keep in mind that the SWIFT code only identifies the bank, not the account: the IBAN or account number does that part.

When will the money arrive at Raiffeisenbank Pfaffenhofen A.d. Glonn EG?

There is no single answer: many arrive the same day or the next while others need several business days. Payments made late in the day or just before a weekend or public holiday often start a business day later. Occasionally a bank wants to know about the purpose of a payment, which can hold things up.

When a payment takes longer than expected, contact the sending bank about the tracking status so they can trace it along the chain. Money transfer services usually provide a status online so you can see where the money has got.

A missing payment is investigated from the sending side on the basis of the transfer details. As a recipient, it helps to look at your account to see a slightly lower amount, since fees may have been deducted.

Head office or branch code at Raiffeisenbank Pfaffenhofen A.d. Glonn EG?

Raiffeisenbank Pfaffenhofen A.d. Glonn EG has 2 separate SWIFT/BIC codes. Only one is the head office code, GENODEF1ODZ; the rest identify branches, and sometimes internal departments.

For the vast majority of incoming transfers, the head office code GENODEF1ODZ works fine. Just use a branch code when the account holder gives you that exact code, for example on a letter or invoice.

If you are not sure, ask the person you are paying which code their bank gave them. Codes for branches are more prone to change than the head office code.

Do you need GENODEF1 for a SEPA transfer?

Germany is a member of the Single Euro Payments Area (SEPA), the zone for standardised euro payments. For a regular euro transfer within SEPA, the IBAN is usually enough; many banks no longer ask for the BIC.

You still need GENODEF1ODZ when sending payments in other currencies or transfers from countries outside SEPA. Some banks and apps still show a field for the BIC; if so, fill in GENODEF1 or GENODEF1ODZ.

Instant euro transfers are increasingly supported across SEPA; check with Raiffeisenbank Pfaffenhofen A.d. Glonn EG whether it applies to your account. Fees for SEPA transfers tend to be low, as long as no currency conversion is involved.

8 or 11 characters: GENODEF1 versus GENODEF1ODZ

Each SWIFT/BIC code starts with an 8-character core: a four-letter bank code, two letters for the country and two characters for the location. In this case, that core is GENODEF1.

XXX at the end of GENODEF1ODZ does not stand for a placeholder or an error: it stands for the head office of Raiffeisenbank Pfaffenhofen A.d. Glonn EG. Some banking apps ask for 11 characters, and then you can add XXX behind GENODEF1.

Do not add spaces when you enter GENODEF1; the code is always written in one block. A wrong character may route the money to a different institution, so copy it carefully.

Getting paid from abroad into a Raiffeisenbank Pfaffenhofen A.d. Glonn EG account

When you expect a payment from another country, give the sender all details at once. What they need is: your name, IBAN or account number, GENODEF1ODZ and in many cases your home address.

You can include the bank name and Odelzhausen too. A typo in the IBAN is more trouble than it looks; copy them from your banking app rather than typing.

What lands in your account can be less than the amount sent. Charges on incoming payments differ per bank. Make clear with the sender who covers the fees.

Sending money abroad from Raiffeisenbank Pfaffenhofen A.d. Glonn EG

When you transfer money abroad from Raiffeisenbank Pfaffenhofen A.d. Glonn EG, the fee you see is rarely all of the cost. There is the fee for the transfer itself, possibly charges from correspondent banks along the way and, above all, the margin on the exchange rate if the currency changes.

The real cost is often in the rate, not in the fee: many banks convert at a rate that includes a margin. A simple test: set the rate you get next to the mid-market rate and work out the difference on your amount.

For a lot of currency pairs, a transfer service turns out to be less expensive than a traditional bank transfer, mainly because of the exchange rate. Before your next transfer, take a minute to compare the total cost on GoldexPay instead of going straight to your bank. You can always use your account at Raiffeisenbank Pfaffenhofen A.d. Glonn EG; only the conversion and sending happen elsewhere.

Protect yourself against fake payment requests

Scammers often use fake invoices containing changed bank details. A correct SWIFT code says nothing about who owns the account – scammers simply use real codes.

Verify new bank details via a separate channel like a call to a number from an earlier contract, never via the email that asked for the change. Watch out for time pressure, unusual wording or a sender address that is slightly off. Acted too fast? Call your bank straight away and ask them to start a recall.

Scams can also work the other way. Someone sends too much and wants you to refund the difference. Do not act before the money is actually in your account and check with Raiffeisenbank Pfaffenhofen A.d. Glonn EG if anything seems off.

A note on our data

We gather bank codes using publicly available data and update them from time to time. It can happen that information on this page is no longer current. The number of codes we show reflect our own data and not on information from Raiffeisenbank Pfaffenhofen A.d. Glonn EG itself.

Before a payment of any size, always check the code with Raiffeisenbank Pfaffenhofen A.d. Glonn EG or the recipient. GoldexPay has no connection to Raiffeisenbank Pfaffenhofen A.d. Glonn EG, we only compare transfer services. Should you notice a mistake, we appreciate a short note.

Is GENODEF1 still correct? How to check

The best place to find the correct BIC remains paperwork issued by the bank like a bank statement or the account page in online banking. Check it against GENODEF1 here.

Mistakes in the SWIFT code tend to be costly rather than disastrous: often the payment comes back, minus fees. Remember the account number: a mistake there is harder to correct than a wrong BIC.

An automatic check in your banking app merely tells you that the IBAN is valid. If your bank offers it, a payee name check on the recipient adds extra certainty. For a first payment, many people start with a small amount first before sending the rest.

Paying into Raiffeisenbank Pfaffenhofen A.d. Glonn EG in EUR

Germany uses the Euro (EUR). If you send money in a different currency, the amount gets converted somewhere along the way. Each conversion costs something.

Who does the conversion has an effect on the final amount. Check what EUR the recipient gets with several providers; the difference between options can be larger than you expect.

The rate for EUR changes throughout the day, so the amount you see is usually only valid for a short time. If you pay regularly, small differences in the rate make a real difference over a year.