Raiffeisenbank Rhein-Berg EG SWIFT/BIC code

Raiffeisenbank Rhein-Berg EG SWIFT code: GENODED1

The 8-character code GENODED1 and the 11-character code GENODED1MNZ identify the same bank: Raiffeisenbank Rhein-Berg EG in Leverkusen, Germany. A BIC does one job: it makes sure that money from abroad ends up at the right bank. In practice you mostly see the code on international invoices, in your banking app and on the account details of Raiffeisenbank Rhein-Berg EG customers.

We wrote this page to help anyone who sends money to an account at Raiffeisenbank Rhein-Berg EG. The BIC identifies an institution, not a specific account.

Protect yourself against fake payment requests

Stay alert when a contact suddenly asks you to pay into another account abroad. A correct SWIFT code says nothing about whether the request is genuine.

Always verify a change of bank details through a phone call on a number you know, not one from the message. Be suspicious of time pressure, unusual wording or a sender address that is slightly off. When a payment has already gone to the wrong account, contact your bank immediately: the sooner they act, the better the chance of a recall.

Recipients are targeted too: one known trick is an overpayment and then sends a request to send back the difference abroad. Wait until the money is actually in your account – ask Raiffeisenbank Rhein-Berg EG if something looks wrong.

When will the money arrive at Raiffeisenbank Rhein-Berg EG?

How quickly a transfer arrives at Raiffeisenbank Rhein-Berg EG depends on a few things: the currency, how many intermediary banks are involved, daily processing deadlines and differences in time zone. Bank holidays in the sending or receiving country add a day or more to the journey. Sometimes a bank asks what the payment is for, which can hold things up.

If a transfer is late, contact the sending bank about the status and the transaction reference so they can trace it along the chain. Specialist transfer services usually provide a status in their app showing how far the payment has got.

A missing payment has to be investigated from the sending side, using the payment confirmation. Ask the sender for a copy of the payment confirmation including the reference; that often settles the question quickly.

Euro (EUR) and conversion costs

The currency in Germany is the Euro (EUR). If you send money in a different currency, the amount has to be converted at some point – by your bank, by Raiffeisenbank Rhein-Berg EG or by a bank in between. Every conversion costs something – usually through the rate rather than a fee.

Who does the conversion has an effect on the final amount, since every bank sets its own rate. Transferring the amount already in EUR usually prevents an extra conversion at the receiving end – as long as your own rate is good.

The EUR rate changes constantly and quotes are often valid only for a short time. On larger amounts, a seemingly small difference in the rate can be worth more than the fee.

8 or 11 characters: GENODED1 versus GENODED1MNZ

Every SWIFT/BIC code starts with an 8-character core: four letters for the bank, a two-letter country code and two characters for the location. The result is GENODED1, the short form of the code.

Most payment forms accept both lengths. If a form requires eleven characters, enter GENODED1MNZ.

Do not add spaces or dashes when you type GENODED1; the code is always written in one block. A wrong character can send the money to a different institution, so check it twice.

About this information

The directory on GoldexPay is compiled from publicly available sources and we update it periodically. It is possible that a code on this page is no longer current, for example after a merger. The number of codes we show are based on our own data and not on information from Raiffeisenbank Rhein-Berg EG itself.

Treat the information here as a handy check. GoldexPay is independent of Raiffeisenbank Rhein-Berg EG. Found an error? Let us know via our contact form and we will look into it.

Verifying the SWIFT code of Raiffeisenbank Rhein-Berg EG

The safest source for a SWIFT code is the recipient’s own bank details. When the code you were given does not match GENODED1 or GENODED1MNZ, do not guess – contact the recipient or Raiffeisenbank Rhein-Berg EG.

With a wrong code, the transfer may be delayed, be returned or cost extra. Remember the IBAN: an error there can be harder to correct than a wrong BIC.

An automatic check by your bank only tells you that the code is valid, not that it is the right account. Where available, a payee name check on the recipient gives an extra layer of safety. When you pay someone new, many people send a small test amount before sending the rest.

Sending money abroad from Raiffeisenbank Rhein-Berg EG

A bank transfer abroad can cost more than the fee suggests. Besides a fixed fee, correspondent or intermediary banks may deduct a fee, and when the money changes currency, the bank often uses a rate that is less favourable than the real market rate.

Many banks rarely show the margin on the rate separately, but you pay it all the same. Compare their rate with the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

For a lot of currency pairs, a transfer service turns out to be cheaper than a bank. GoldexPay compares what recipients receive across providers, so you can pick the cheapest route. You can always keep your account at Raiffeisenbank Rhein-Berg EG as the source of the money.

SEPA payments and the Raiffeisenbank Rhein-Berg EG BIC

Germany belongs to the SEPA area, the zone for uniform euro payments. When you send euros from another SEPA country, the IBAN is usually enough and the BIC is often filled in automatically.

A SWIFT code like GENODED1 does come into play when the currency is not euros. If your banking app has a field for the BIC anyway, adding GENODED1 is fine.

Euro payments within SEPA normally land within one business day. Fees for SEPA payments tend to be low as long as everything stays in euros.

Head office or branch code at Raiffeisenbank Rhein-Berg EG?

Having 2 codes, Raiffeisenbank Rhein-Berg EG is one of the banks that register individual codes for branches and departments. The main code remains GENODED1MNZ.

If nobody asks you for a branch code, use GENODED1MNZ or its short form GENODED1. A branch code only makes sense when the recipient’s bank specifically asks for it, which is more common for business accounts and trade services.

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

Incoming international payments to Raiffeisenbank Rhein-Berg EG

A sender in another country will ask for a few details from you. Share the account holder’s name, the IBAN or account number, the BIC GENODED1MNZ and your address, which some banks require.

Some banks want the bank’s address; it does no harm to include it. A mistake in your account number is harder to fix than you might think.

An incoming payment does not always arrive for the full amount. Correspondent banks can take a fee, Raiffeisenbank Rhein-Berg EG may charge for incoming payments, and if the money is converted, an exchange rate margin applies. For business payments, you can agree who bears the costs.