Raiffeisenbank Rehling EG SWIFT/BIC code

What GENODEF1 means for a payment to Raiffeisenbank Rehling EG

Whether you are given GENODEF1 or GENODEF1RLY, you are looking at the same address for Raiffeisenbank Rehling EG in Germany. Banks worldwide use BIC codes to route international transfers to the right bank. It comes up mostly for payments that cross a border and payments in foreign currencies.

On this page we explain how the code means, when you need it and what else a transfer to or from Raiffeisenbank Rehling EG requires. Remember that the BIC only identifies the bank, not the person: the account number or IBAN does that part.

About this information

The directory on GoldexPay is compiled from publicly available sources and we update it periodically. Institutions merge, change names and retire codes – a directory can be a step behind. Figures such as the number of codes come from our directory and are not confirmed by Raiffeisenbank Rehling EG.

Treat the information on this page as a helpful check and rely on the recipient or Raiffeisenbank Rehling EG for the final confirmation. GoldexPay has no connection to Raiffeisenbank Rehling EG. If you notice something that is out of date, we appreciate a short note.

Choosing between the 2 SWIFT codes of Raiffeisenbank Rehling EG

We have 2 SWIFT/BIC codes for Raiffeisenbank Rehling EG in 2 cities. Next to the head office code GENODEF1RLY, you will find codes for branches, departments or specific services.

Usually you do not need to look up a branch: payments addressed to GENODEF1RLY are routed within Raiffeisenbank Rehling EG without problems. When you receive a branch code, use it as it is instead of swapping it for the head office code.

When in doubt, check with the recipient which code their bank gave them. Codes for branches are more likely to be retired than GENODEF1RLY.

Protect yourself against fake payment requests

Stay wary if a contact suddenly wants you to pay into a different account abroad. A real SWIFT code tells you nothing about whether the request is genuine – scammers simply use real codes.

Before paying, confirm a change of bank details by phone, using a number you already had. Be suspicious of time pressure, odd spelling or an email address that differs by one letter. Acted too fast? Contact your bank without delay and ask them to start a recall and report the fraud.

Fraud can also work the other way. Someone claims to have sent more than agreed and asks you to return the extra via a different route. A screenshot of a transfer is no proof – check your own account.

How long does an international transfer to Raiffeisenbank Rehling EG take?

A SWIFT payment usually takes one to a few business days – it depends on currency, route and the banks in between. Bank holidays in the sending or receiving country add a day or more, since banks do not process on those days. Compliance checks by one of the banks may also cause some delay, regardless of the details.

If the money is delayed, contact the sending bank about the tracking status; with that reference banks can see where the payment is. Specialist transfer services often provide a status online so you can see how far the money is.

Only the sending bank can start an official trace – the recipient’s bank often cannot see a payment that has not arrived. On the receiving end, it helps to look at your account for a slightly lower amount, since fees may have been deducted.

What a transfer from Raiffeisenbank Rehling EG abroad really costs

When you send money abroad via Raiffeisenbank Rehling EG, the visible fee is only part of what you pay. On top of the transfer fee, banks in between can take a cut, and when the money changes currency, the bank usually uses a rate that is less favourable than the actual market rate.

Many banks do not show their exchange rate markup separately. A simple test: set the rate you get against the mid-market rate for the same moment and look at the difference.

Money transfer services frequently use rates closer to the mid-market rate. GoldexPay compares what recipients receive with different providers. Using a transfer service does not require closing your account at Raiffeisenbank Rehling EG – you pay the provider from your own account.

Do you need GENODEF1 for a SEPA transfer?

Germany is part of the SEPA area, where euro transfers follow common rules. When you send euros from another SEPA country, you normally only need the IBAN.

Outside the euro and for senders outside SEPA, GENODEF1RLY or GENODEF1 is still required. If your banking app asks for the BIC regardless, entering GENODEF1 does no harm.

Instant payments in euros have become increasingly supported across SEPA – whether Raiffeisenbank Rehling EG offers them for your account is worth checking. As long as no currency is converted, a SEPA transfer is inexpensive; it is the conversion that costs money.

Sending EUR to Raiffeisenbank Rehling EG

The local currency in Germany is the Euro (EUR). If you send another currency it has to be converted somewhere along the way. Each conversion eats into the amount.

Who converts the payment makes a difference, because each party uses its own rate. In many cases you pay less if you send EUR straight away through a transfer service with a good rate.

Rates for EUR change during the day. With bigger transfers, even small gap in the rate adds up quickly.

8 or 11 characters: GENODEF1 versus GENODEF1RLY

A BIC is made up of fixed blocks: the first four letters stand for the bank, the next two show the country and the two after that mark the location. That gives you GENODEF1, the short form of the code.

Most payment forms work with either length. If a form asks for eleven characters, enter GENODEF1RLY; if it wants eight, use GENODEF1.

Enter the code in one piece, in upper case and without spaces. Look out for the letter O and the digit 0 and I versus 1, a common source of typos.

Getting paid from abroad into a Raiffeisenbank Rehling EG account

Someone abroad who wants to pay you will ask for a few details about your account, and missing ones are a common cause of delays. What they need is: the account holder’s name, IBAN or account number, GENODEF1RLY and, for some countries, your home address.

Their bank might also ask for the bank address of Raiffeisenbank Rehling EG. Double-check each detail before you send them.

What lands in your account is often less than what was sent. Correspondent banks can take a fee, Raiffeisenbank Rehling EG may charge for incoming payments, and if the money is converted, an exchange rate margin comes on top. Agree with the sender who pays which costs, especially for larger amounts.

Is GENODEF1 still correct? How to check

The safest source for the BIC is the bank details provided by the recipient. Compare that code against GENODEF1 here.

A wrong SWIFT code may lead to a delay, a returned payment or extra fees for investigation. A mistake in the IBAN or account number can be more serious.

A format check in your banking app merely confirms that the code exists. Some banks now compare the payee name with the account; take any warning seriously. When you pay someone new, some people send a small test amount.