Raiffeisenbank Rupertiwinkel EG SWIFT/BIC code

SWIFT/BIC code of Raiffeisenbank Rupertiwinkel EG

If an invoice shows GENODEF1 or GENODEF1TEY, it is the identical identifier for Raiffeisenbank Rupertiwinkel EG in Germany. A SWIFT code tells every bank in the chain exactly which bank should receive the money. In daily life you mostly see the code on international invoices, in payment forms and in the bank details that Raiffeisenbank Rupertiwinkel EG provides.

We wrote this page to help anyone who receives money at an account at Raiffeisenbank Rupertiwinkel EG and wants to get the details right. Keep in mind that the SWIFT code only identifies the bank, not the person: the account number or IBAN takes care of that.

Watch out for payment fraud

One of the most common tricks works like this: an email arrives with a message claiming that a supplier has new bank details and that the next payment should go there. That GENODEF1 is a real code does not mean that the account is legitimate – fraudsters use real bank codes as well.

Always verify changed bank details by phone, using a number you already had. Urgency or secrecy tend to be warning signs – a real supplier can wait a day. Already paid? Contact your bank straight away and have them try to recall the payment.

People receiving money can be targeted as well: a classic trick is a buyer who pays too much and then sends a request to send back the difference to another account. Wait until the money has really arrived and check with Raiffeisenbank Rupertiwinkel EG if anything seems off.

GENODEF1 or GENODEF1TEY – which one to use?

A BIC is built from fixed blocks: characters one to four stand for the bank, the next two show the country and characters seven and eight indicate the location. For Raiffeisenbank Rupertiwinkel EG, that core is GENODEF1.

The 11-character version adds three more characters that identify a branch or department. If the last three are XXX, they simply mean the head office, so GENODEF1TEY and GENODEF1 are interchangeable.

In practice the code is typed in capitals and without spaces. Pasting the code is safer than retyping it.

Receiving money from abroad at Raiffeisenbank Rupertiwinkel EG

A sender in another country needs several 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, GENODEF1TEY or GENODEF1 and in many cases your postal address.

Certain banks want the bank’s address in Saaldorf; it does no harm to include it. A mistake in your account number is more trouble than it looks; copy them from your banking app rather than typing.

The amount you receive is often lower than what was sent. Charges on incoming payments vary from bank to bank – the price list of Raiffeisenbank Rupertiwinkel EG tells you what applies. Make clear with the sender who pays which costs, especially for larger amounts.

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

A SWIFT payment typically needs anywhere from one to several business days – it depends on currency, route and the banks in between. Bank holidays in the sending or receiving country can add extra days, since banks do not process on those days. Compliance checks by one of the banks may also cause some delay, regardless of the details.

A growing number of banks use SWIFT gpi, which lets them follow a payment from bank to bank. Each payment carries a unique transaction reference, the UETR that banks can use to trace it. Save your transfer receipt until the recipient confirms.

A missing payment has to be investigated by the sending bank on the basis of the transfer details. Request from the sender a copy of the payment confirmation with the date and reference.

What a transfer from Raiffeisenbank Rupertiwinkel EG abroad really costs

What you pay for a payment abroad is made up of more than one component – not just the fee on your screen. Besides a fixed fee, correspondent or intermediary banks may take a cut, and if the money changes currency the bank usually uses a rate that is less favourable than the actual market rate.

Banks rarely show the margin on the rate as a cost. A simple test: put the bank’s rate against the mid-market rate and work out the difference on your amount.

Specialist money transfer services frequently use a rate near the mid-market rate. GoldexPay compares what recipients receive across providers, so you can pick the cheapest route. You can still keep your account at Raiffeisenbank Rupertiwinkel EG as the source of the money; only the conversion and sending happen elsewhere.

Where our SWIFT data comes from

The directory on GoldexPay is based on publicly available sources and we update it periodically. Institutions merge, change names and change codes – a directory can be a step behind. Figures such as the number of codes are from our own dataset and may differ from what Raiffeisenbank Rupertiwinkel EG publishes.

Use this page as a starting point, not as the last word. GoldexPay is not affiliated with Raiffeisenbank Rupertiwinkel EG; we are a comparison site for money transfers. If you notice something that is out of date, we welcome a message.

Paying into Raiffeisenbank Rupertiwinkel EG in EUR

The local currency in Germany is the Euro (EUR). A payment in a foreign currency will be converted into EUR on its way to Raiffeisenbank Rupertiwinkel EG, and whoever converts it chooses the rate. You rarely see a separate line for that conversion; it is built into the rate.

Which bank converts the money matters, because each party uses its own rate. Sending the amount already in EUR usually avoids a second conversion at the receiving end.

The rate for EUR changes constantly and quotes are often valid only for a short time. With bigger transfers, a seemingly small gap in the rate can be worth more than the fee.

Verifying the SWIFT code of Raiffeisenbank Rupertiwinkel EG

Ask the recipient to send you the bank details directly from a recent statement. If the code you have differs from GENODEF1 or GENODEF1TEY, do not guess.

Errors in the SWIFT code tend to be annoying more than fatal: often the payment comes back, minus fees. An error in the account number is a bigger problem because it can reach the wrong person; check it just as carefully.

Many banking apps validate the format of an IBAN and some suggest the matching BIC, but that does not prove the account belongs to the right person. Some banks now check the payee name with the account before you confirm; take any warning seriously. A small test payment is worth it for a large first payment despite the extra fee.

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

With 2 codes in 2 cities, Raiffeisenbank Rupertiwinkel EG belongs to the banks that register separate codes for parts of the organisation. The head office code is GENODEF1TEY.

For the vast majority of incoming transfers, the head office code GENODEF1TEY is the right choice. If you have been given a branch code, stick to it rather than replacing it for the head office code.

The best way is to take the code straight from the recipient’s bank details. Branch codes are more likely to be retired than GENODEF1TEY when a bank merges or closes offices.

Do you need GENODEF1 for a SEPA transfer?

Germany is a member of the SEPA area, where euro transfers follow common rules. When you send euros from another SEPA country, you normally only need the IBAN; many banks no longer ask for the BIC.

You still need GENODEF1TEY when sending non-euro payments or money from outside the SEPA area. If a payment form asks for the BIC regardless, entering GENODEF1 is fine.

Instant euro transfers are widely supported across SEPA; check with Raiffeisenbank Rupertiwinkel EG whether it applies to your account. Fees for SEPA payments tend to be low as long as everything stays in euros.