Raiffeisenbank Pfaffenwinkel EG SWIFT/BIC code

SWIFT/BIC code of Raiffeisenbank Pfaffenwinkel EG

GENODEF1 and GENODEF1PEI are two spellings of the same bank identifier, and both lead to Raiffeisenbank Pfaffenwinkel EG in Peiting. A SWIFT code tells the banks handling a payment exactly which bank is meant to get the money, much like a postcode for banks. In practice you usually see the code on international invoices, in your banking app and in the bank details that Raiffeisenbank Pfaffenwinkel EG provides.

On this page you will find how the code means, when you need it and what else a transfer to or from Raiffeisenbank Pfaffenwinkel EG requires. The BIC names a bank or branch, never a single account; the IBAN or account number does that.

Changed bank details? Be careful

A common scam goes like this: you receive a request saying that a company now has new bank details and asking you to pay there from now on. The fact that GENODEF1 exists does not mean that the account is legitimate; criminals use the codes of real banks too.

Before paying, verify changed bank details by phone, using a number you already had. Urgency or secrecy tend to be red flags. Already paid? Call the bank you paid from without delay and ask them to try to recall the payment and report the fraud.

Recipients are targeted too: a classic trick is an overpayment followed by a request to send back the difference. Do not act before the money is actually in your account.

GENODEF1 or GENODEF1PEI – which one to use?

A BIC is built from a few fixed parts: the first four letters identify the bank, characters five and six show the country and the two after that indicate the location. That gives you GENODEF1.

XXX at the end of GENODEF1PEI is not a placeholder or a mistake: it stands for the head office of Raiffeisenbank Pfaffenwinkel EG. Some banking apps ask for 11 characters, and then you simply add XXX after GENODEF1.

Do not add spaces or dashes when you enter GENODEF1; the code is always written in one block. Watch for the letter O and the digit 0 or the letter I and the digit 1; they are easy to mix up.

What a transfer from Raiffeisenbank Pfaffenwinkel EG abroad really costs

If you send money to another country via Raiffeisenbank Pfaffenwinkel EG, the fee you see is only part of the cost. On top of a fixed fee, banks in between can deduct a fee, and if currencies are converted the bank often uses a rate that is less favourable than the real market rate.

Most of the cost usually sits in the exchange rate: the bank converts using an exchange rate that includes a margin. Compare the rate you are offered against 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. On GoldexPay you can compare what recipients receive with different services, so you can pick the cheapest route. Choosing a specialist does not require closing your account at Raiffeisenbank Pfaffenwinkel EG – you pay the provider from your own account.

Tracking a transfer to or from Raiffeisenbank Pfaffenwinkel EG

There is no single answer: many land within a day. Weekends and public holidays in either country can add a day or more. Sometimes a bank wants to know what the payment is for before releasing it.

If the money is delayed, ask the sending bank about the status or the UETR so they can trace it along the chain. Save the payment confirmation until the money has arrived – you will need it for any trace request.

If the money does not arrive after a few business days, the sender needs to contact their own bank rather than Raiffeisenbank Pfaffenwinkel EG. Request from the sender the payment receipt with the date and reference.

Getting paid from abroad into a Raiffeisenbank Pfaffenwinkel EG account

A sender in another country needs a few details about your account. That means: your name as registered with Raiffeisenbank Pfaffenwinkel EG, your account number or IBAN, the BIC GENODEF1PEI and, often, your address.

Their bank may also ask for the bank address of Raiffeisenbank Pfaffenwinkel EG; the head office in Peiting is usually fine. Double-check every detail before you share them – a sender rarely spots a mistake in someone else’s details.

Do not be surprised if the amount credited is below the amount on the sender’s receipt. Correspondent banks can take a fee and your own bank may charge for processing, and when currencies differ, an exchange rate margin comes on top. On invoices, it is common to agree who bears the costs.

Verifying the SWIFT code of Raiffeisenbank Pfaffenwinkel EG

Have the recipient send you their account details directly from a recent statement. Check that code against GENODEF1 here; if they differ, ask before you pay.

Mistakes in the SWIFT code are annoying more than disastrous – usually the money comes back, minus fees and time lost. An error in the IBAN or account number is a bigger problem, because the money may be credited to someone else; check it just as carefully.

An automatic check in your banking app merely confirms that the IBAN exists, not that it is the right account. Some banks now compare the payee name against the account before you confirm. Sending a small amount first can be a sensible step for large sums despite the extra fee.

Paying Raiffeisenbank Pfaffenwinkel EG in euros within SEPA

Because Germany is part of the SEPA zone, a euro transfer to Raiffeisenbank Pfaffenwinkel EG from within the SEPA area usually requires just an IBAN. Most banking apps no longer ask for the BIC in that case.

You will still need GENODEF1PEI for payments in other currencies or transfers from countries outside SEPA. Some forms also show a field for the BIC; in that case, enter GENODEF1.

Instant payments in euros have become increasingly supported across SEPA – whether Raiffeisenbank Pfaffenwinkel EG offers them for your account is worth checking. Fees for SEPA payments tend to be low as long as everything stays in euros.

Which of the 2 codes of Raiffeisenbank Pfaffenwinkel EG do you need?

We have 2 SWIFT/BIC codes for Raiffeisenbank Pfaffenwinkel EG in 2 places. Besides the head office code GENODEF1PEI, there are codes for regional offices and specialised units.

If nobody asks you for a branch code, go with GENODEF1PEI or its short form GENODEF1. Branch codes are only needed if the account holder explicitly mentions it.

The safest route is to take the code straight from the recipient’s bank details. Codes for branches are more prone to be retired than the head office code.

How up to date is this code?

We gather SWIFT/BIC codes using publicly available data and update them from time to time. Institutions merge, change names and retire codes, and a directory never catches every change immediately. The figures on this page reflect our own data, not official figures from Raiffeisenbank Pfaffenwinkel EG.

See our directory here as a helpful check. We are a comparison service for money transfers and not part of Raiffeisenbank Pfaffenwinkel EG. Found an error? Let us know through the contact page and we will look into it.

Sending EUR to Raiffeisenbank Pfaffenwinkel EG

Germany uses the Euro (EUR). A payment in a foreign currency will be exchanged into EUR, and whoever converts it chooses the rate. Every conversion eats into something – usually through the rate rather than a fee.

Where the conversion happens has an effect on how much arrives, since every bank sets its own rate. In many cases you pay less to send EUR straight away via a provider that converts near the mid-market rate, so that the receiving bank does not need to convert again.

Rates for EUR change all the time, and some providers let you lock in a rate. For regular payments, a slightly better rate add up over time.