Raiffeisenbank Roth-Schwabach EG SWIFT/BIC code

GENODEF1 – the SWIFT/BIC code of Raiffeisenbank Roth-Schwabach EG

If an invoice shows GENODEF1 or GENODEF1SWY, you are looking at the same identifier for Raiffeisenbank Roth-Schwabach EG in Germany. Every bank on the SWIFT network uses these codes to direct international transfers to the right institution. It comes up mostly when dealing with transfers between countries.

We wrote this page to help people who sends money to an account at Raiffeisenbank Roth-Schwabach EG and wants to get the details right. A SWIFT code names a bank or branch, not a single account, which is why you always need the account number too.

Receiving money from abroad at Raiffeisenbank Roth-Schwabach EG

When you are waiting for money from abroad, send the payer a complete set of details. Share the account holder’s name, the IBAN or account number, the BIC GENODEF1SWY and your address.

The sender’s bank may also ask for the bank address of Raiffeisenbank Roth-Schwabach EG; the head office in Buechenbach is usually fine. Check every detail before you send them – a sender rarely spots a mistake in someone else’s details.

What lands in your account can be lower than what was sent. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the money is converted, an exchange rate margin applies. On invoices, you can agree how the fees are split to avoid a shortfall.

Which of the 2 codes of Raiffeisenbank Roth-Schwabach EG do you need?

Raiffeisenbank Roth-Schwabach EG has 2 separate SWIFT/BIC codes. One of them is the head office code, GENODEF1SWY; the rest identify branches or departments, and sometimes internal departments.

For the vast majority of incoming transfers, the head office code GENODEF1SWY is what you need. If you have been given a branch code, stick to it rather than replacing it for the head office code.

If you are not sure, ask the person you are paying for the exact BIC in their bank details. Codes for branches are more likely to be retired than the head office code.

How to check GENODEF1 before you pay

Have the recipient copy their bank details directly from their online banking. If the code you have differs from GENODEF1 or GENODEF1SWY, do not guess: check with the recipient or with Raiffeisenbank Roth-Schwabach EG directly.

With a wrong code, the transfer may be delayed, be returned or end up costing more – sometimes after weeks of searching. An error in the IBAN or account number is more serious, so check that just as carefully.

An automatic check by your bank only confirms that the IBAN is valid, not that it is the right account. Where available, a name check on the recipient gives an extra layer of safety. For a first payment, some people send a small test amount and wait for confirmation.

Paying into Raiffeisenbank Roth-Schwabach EG in EUR

Accounts at Raiffeisenbank Roth-Schwabach EG are typically held in EUR, the national currency. A payment in a foreign currency will be converted into EUR before it reaches the account – and the bank that does it picks the rate. Every conversion costs something, even when no fee is shown.

Who does the conversion affects how much arrives, as rates and margins differ per bank. Check how much EUR the recipient gets via several providers; the difference between options can be larger than you expect.

The rate for EUR fluctuates throughout the day, so the amount you see is usually only valid for a short time. For regular payments, small differences in the rate make a real difference over time.

8 or 11 characters: GENODEF1 versus GENODEF1SWY

A SWIFT code is made up of a few fixed parts: the first four letters identify the bank, the next two give the country and the two after that mark the location. The result is GENODEF1 for Raiffeisenbank Roth-Schwabach EG.

Most banks and apps work with either length. If yours asks for eleven characters, enter GENODEF1SWY, otherwise GENODEF1 is fine.

In practice the code is written in capitals. A wrong character may route the money to a different institution, so copy it carefully.

Paying someone abroad from your Raiffeisenbank Roth-Schwabach EG account

What you pay for a payment abroad has more than one component, and the transfer fee is only the most visible one. There is the fee for the transfer itself, possibly charges from correspondent banks along the way and, above all, the exchange rate markup when the money is converted.

The markup on the rate tends to be the biggest item even though it is not listed as a fee. An easy check: put the bank’s rate next to the mid-market rate and look at the difference.

For many currency pairs, a specialist provider is cheaper than a bank – mostly thanks to the rate. On GoldexPay we compare the amount that arrives with different services, which makes the cheapest option easy to spot. Choosing a specialist does not mean closing your account at Raiffeisenbank Roth-Schwabach EG – you pay the provider from your own account.

SEPA payments and the Raiffeisenbank Roth-Schwabach EG BIC

Within the SEPA zone, euro transfers to an account in Germany follow common rules, so the IBAN does the job in most cases. The BIC field is usually optional or missing for those payments.

You still need GENODEF1SWY when sending non-euro payments or transfers from countries outside SEPA. A few banks and apps also ask for the BIC; if so, fill in GENODEF1.

Instant euro transfers have become increasingly available across SEPA. Charges on SEPA payments tend to be low, as long as no currency conversion is involved.

How long does an international transfer to Raiffeisenbank Roth-Schwabach EG take?

How quickly a payment reaches Raiffeisenbank Roth-Schwabach EG is determined by several factors: which currency you send, how many intermediary banks are involved, daily processing deadlines and time zones. Weekends and public holidays in either country can add a day or more. Occasionally a bank asks what the payment is for before releasing it.

When a payment takes longer than expected, contact your bank about the tracking status and the transaction reference. Save the payment confirmation until the recipient confirms.

A missing payment is investigated from the sending side on the basis of the transfer details. On the receiving end, it helps to check your account to see a partial amount because fees can reduce the amount.

Changed bank details? Be careful

A common scam goes like this: you receive a message saying that a company now has a new bank account and that the next payment should go there. A real SWIFT code tells you nothing about who owns the account.

Always confirm changed bank details by phone on a number you know, not one from the message. Urgency and requests to keep it quiet tend to be red flags; a genuine business can wait for you to check. When a payment has already gone to the wrong account, call your bank right away.

Scams can also work the other way: someone claims to have sent more than agreed and wants you to return the extra via a different route. Do not act before the money has really arrived and check with Raiffeisenbank Roth-Schwabach EG if anything seems off.

About this information

The codes here come from publicly available data. Banks merge, change names and retire codes, and a directory never catches every change immediately. Figures such as the number of codes come from our own dataset and are not confirmed by Raiffeisenbank Roth-Schwabach EG.

See the information here as a handy check, and let the details from the recipient or Raiffeisenbank Roth-Schwabach EG have the final say. GoldexPay has no connection to Raiffeisenbank Roth-Schwabach EG; we are a comparison site for money transfers. If you notice something that is out of date, we welcome a short note via the contact page.