Raiffeisenbank Riedenburg-Lobsing EG SWIFT/BIC code

SWIFT/BIC code of Raiffeisenbank Riedenburg-Lobsing EG

Whether a recipient gives you GENODEF1 or GENODEF1RBL, it is the same address for Raiffeisenbank Riedenburg-Lobsing EG in Germany. Banks worldwide use these codes to direct international transfers to the right institution. It comes up mostly for payments that cross a border.

We wrote this page to help anyone who sends money to an account at Raiffeisenbank Riedenburg-Lobsing EG. A SWIFT code identifies a bank or branch, not a specific account, which is why you always need the account number too.

Changed bank details? Be careful

A common scam goes like this: an email arrives with a request saying that a contact now has new bank details and that the next payment should go there. A valid SWIFT code says nothing about whether the request is genuine: scammers use real codes of real banks.

Never trust a phone number from the same email that contains the change. Pressure or requests to keep it quiet tend to be warning signs – a real supplier can wait a day. If a payment was sent to a fraudster, call your bank right away.

People receiving money can be targeted as well: one known trick is a buyer who pays too much followed by a request to refund the difference to another account. A payment confirmation from the sender is no proof; only your own account shows what has arrived.

Raiffeisenbank Riedenburg-Lobsing EG: head office code versus branch codes

Raiffeisenbank Riedenburg-Lobsing EG uses 2 separate SWIFT/BIC codes across 1 locations. One of them is the head office code, GENODEF1RBL; the rest identify branches.

For most incoming transfers, the head office code GENODEF1RBL is the right choice. Just use a branch code when the recipient explicitly asks for it, for example on an invoice or in their bank details.

Unsure which code to use? Ask the recipient. Codes for branches are more likely to change than GENODEF1RBL.

Why Raiffeisenbank Riedenburg-Lobsing EG has an 8- and an 11-character code

The structure of every SWIFT code is always the same: a bank code of four letters, two for the country and a two-character location code. For Raiffeisenbank Riedenburg-Lobsing EG, that core is GENODEF1.

Many banks and apps accept either length. If yours requires eleven characters, enter GENODEF1RBL, otherwise GENODEF1 is fine.

Enter the code in one piece, in upper case and without separators, exactly as shown here. Look out for the letter O and the digit 0 and I versus 1; they are easy to mix up.

Receiving money from abroad at Raiffeisenbank Riedenburg-Lobsing EG

Someone abroad who wants to pay you needs several details from you – incomplete details often cause delays. Share the account holder’s name, your account number or IBAN, the BIC GENODEF1RBL and your address.

Some banks want the name and address of Raiffeisenbank Riedenburg-Lobsing EG in Riedenburg. Double-check each detail before you send them – a sender rarely spots a mistake in someone else’s details.

Money from abroad will not always land for the full amount. Fees for incoming transfers vary from bank to bank. On invoices, it is common to agree how the fees are split to avoid a shortfall.

Transfer times and tracking a payment to Raiffeisenbank Riedenburg-Lobsing EG

There is no fixed answer for international payments: some land within a day. Transfers sent after the cut-off time or just before a weekend or public holiday usually start a business day later. Extra checks by one of the banks can also add a delay, regardless of the details.

If the money seems late, ask your bank about the tracking status and the transaction reference; with that reference banks can see where the payment is. Money transfer services usually show a status online showing where the payment is.

If a payment has not arrived after a few business days, the sender should contact their own bank. On the receiving end, you can look at your account to see a partial amount because fees can reduce the amount.

Euro (EUR) and conversion costs

The currency of Germany is the Euro (EUR). Money sent in a different currency will be converted into EUR on its way to Raiffeisenbank Riedenburg-Lobsing EG, and whoever converts it chooses the rate. Each conversion costs the amount.

Who does the conversion affects how much arrives, since every bank sets its own rate. Sending the money already in EUR usually avoids an extra conversion by Raiffeisenbank Riedenburg-Lobsing EG, provided the rate you get is fair.

Rates for EUR move during the day, and some providers let you lock in a rate. For regular payments, small differences in the rate make a real difference over a year.

What a transfer from Raiffeisenbank Riedenburg-Lobsing EG abroad really costs

An international bank payment costs rather more than the fee suggests. There is the fee for the transfer itself, sometimes fees charged by intermediary banks along the way and, most importantly, the exchange rate markup.

The markup on the rate tends to be the biggest cost. A simple test: set the rate you get against the mid-market rate for the same moment and work out the difference on your amount.

For a lot of currency pairs, a specialist provider is less expensive than a traditional bank transfer, mainly because of the exchange rate. GoldexPay compares transfer providers next to each other, showing what actually arrives before you commit. You can always keep your account at Raiffeisenbank Riedenburg-Lobsing EG as the source of the money; only the conversion and sending happen elsewhere.

Paying Raiffeisenbank Riedenburg-Lobsing EG in euros within SEPA

Within the SEPA zone, euro transfers to Raiffeisenbank Riedenburg-Lobsing EG use common rules and in most cases need only the IBAN. The BIC field is usually optional or missing in that case.

The BIC does come into play when the currency is not euros and when the money comes from outside SEPA. If a payment form has a field for the BIC anyway, entering GENODEF1 is fine.

Instant euro transfers are widely supported within SEPA; check with Raiffeisenbank Riedenburg-Lobsing EG whether it applies to your account. Charges on SEPA transfers tend to be low, as long as no currency conversion is involved.

Before you send: check the Raiffeisenbank Riedenburg-Lobsing EG code

The safest source for the BIC is the recipient’s own bank details. When the code you were given differs from GENODEF1 or GENODEF1RBL, stop and ask: check with the recipient or with Raiffeisenbank Riedenburg-Lobsing EG directly.

Errors in the BIC tend to be annoying more than disastrous. Remember the account number: a mistake there is more difficult to correct than a wrong code.

A validity check in your banking app only tells you that the code is valid, not that it is the right account. More and more banks compare the payee name against the account. When you pay someone new, some people send a small amount first.

Where our SWIFT data comes from

The codes here come from publicly available data which we refresh regularly. Banks merge, close branches and retire codes – a directory can be a step behind. The number of codes we show reflect what is in our directory, not official figures from Raiffeisenbank Riedenburg-Lobsing EG.

Treat our data as a starting point, rather than as the final word. GoldexPay is independent of Raiffeisenbank Riedenburg-Lobsing EG; we are a comparison site for money transfers. Found outdated information? Tell us through the contact page and we will look into it.