Raiffeisenbank Schrobenhausener Land EG SWIFT/BIC code

SWIFT/BIC code of Raiffeisenbank Schrobenhausener Land EG

GENODEF1 and GENODEF1WFN are the short and the long form of the same bank identifier, and both point to Raiffeisenbank Schrobenhausener Land EG in Langenmosen. A SWIFT code shows the sending bank exactly which bank is meant to get the money, a bit like a postal address for banks. You will need it mostly when dealing with payments that cross a border and payments in foreign currencies.

We wrote this page to help people who receives money at an account at Raiffeisenbank Schrobenhausener Land EG. Remember that the SWIFT code only identifies the bank, not the account: the IBAN or account number takes care of that.

Before you send: check the Raiffeisenbank Schrobenhausener Land EG code

Have the recipient copy the bank details directly from their banking app. Check that code with GENODEF1 on this page and ask if anything does not match.

Mistakes in the BIC tend to be costly rather than disastrous – usually the money comes back, minus fees and time lost. Do not forget the account number: a mistake there can be more difficult to undo than a wrong code.

An automatic check in your banking app merely tells you that the IBAN exists, not that it is the right account. Some banks now compare the name with the account – do not ignore a mismatch warning. A small test payment can be worth it for large sums.

What the XXX in GENODEF1WFN means

The structure of every SWIFT code never changes: four characters for the institution, two for the country and a two-character location code, sometimes followed by a branch code. The result is GENODEF1 for Raiffeisenbank Schrobenhausener Land EG.

XXX at the end of GENODEF1WFN is not a missing value or an error: it stands for the main office of Raiffeisenbank Schrobenhausener Land EG. Some forms ask for 11 characters, in which case you simply enter XXX behind GENODEF1.

Enter the code as one block, in upper case and without separators. Look out for O versus 0 or the letter I and the digit 1.

Receiving money from abroad at Raiffeisenbank Schrobenhausener Land EG

For a transfer from abroad at Raiffeisenbank Schrobenhausener Land EG, the sender has to have not just the BIC. Share your name as the bank knows it, your account number or IBAN, SWIFT code GENODEF1WFN and your address.

You can include Raiffeisenbank Schrobenhausener Land EG and its city too, because some payment forms have separate fields for them. Check every detail before you share them, because the sender’s bank usually copies them as is.

The amount you receive can be less 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. Make clear with the sender who covers the fees.

Which of the 2 codes of Raiffeisenbank Schrobenhausener Land EG do you need?

Having 2 codes, Raiffeisenbank Schrobenhausener Land EG belongs to the banks that register individual codes for parts of the organisation. The head office code remains GENODEF1WFN.

In most cases you do not need to pick a branch: transfers sent to GENODEF1WFN reach Raiffeisenbank Schrobenhausener Land EG without problems. Just use a branch code when the account holder explicitly asks for it, for example on a letter or invoice.

Not sure which code to use? Check with the recipient, or look at a recent statement from Raiffeisenbank Schrobenhausener Land EG. Branch codes are sometimes changed or retired when banks reorganise, so do not rely on old paperwork.

SEPA payments and the Raiffeisenbank Schrobenhausener Land EG BIC

Since Germany is part of SEPA, a euro payment to Raiffeisenbank Schrobenhausener Land EG from within the SEPA area normally only needs the IBAN. Many banks no longer ask for the BIC in that case or fill it in for you.

A SWIFT code like GENODEF1 still come into play for payments in other currencies, and for transfers from outside SEPA. If your banking app asks for the BIC anyway, adding GENODEF1 is fine.

Euro payments within SEPA normally land within one business day. Provided no currency is converted, the transfer tends to be cheap.

Sending money abroad from Raiffeisenbank Schrobenhausener Land EG

When you transfer money abroad through Raiffeisenbank Schrobenhausener Land EG, the visible fee is only part of the cost. Besides a fixed fee, correspondent or intermediary banks may take a cut, and when the money changes currency the bank often applies a rate below the actual market rate.

The markup on the rate tends to be the biggest cost. Check the rate you are offered against the mid-market rate, the midpoint between buy and sell rates you see on financial sites.

For a lot of routes, a transfer service is cheaper than a bank – mostly thanks to the rate. Before your next transfer, take a minute comparing what arrives on GoldexPay. Choosing a specialist does not mean closing your account at Raiffeisenbank Schrobenhausener Land EG.

Changed bank details? Be careful

Criminals regularly send fake invoices containing new bank details, sometimes in an email that looks completely genuine. A valid SWIFT code tells you nothing about who owns the account: scammers use real codes of real banks.

Never trust a phone number in the same message that contains the new account. Pressure and secrecy are warning signs – a real supplier can wait a day. Already paid? Call your bank straight away and ask them to try to recall the payment.

Scams also work the other way: someone claims to have sent too much and wants you to return the extra via a different route. A payment confirmation from the sender proves nothing – check your own account.

When will the money arrive at Raiffeisenbank Schrobenhausener Land EG?

There is no fixed answer for international payments: some land the same day or the next while others need several business days. Payments made late in the day or on a weekend or public holiday often start the next business day. Sometimes a bank asks what the payment is for.

A growing number of banks are connected to SWIFT gpi. Every gpi transfer carries a unique transaction reference, the UETR that banks can use to trace it. Keep the payment confirmation; it contains the details a bank needs to start a trace.

A missing payment has to be investigated by the sending bank, using the payment confirmation. On the receiving end, you can look at your account to see a slightly lower amount.

Where our SWIFT data comes from

The directory on GoldexPay draws on publicly available sources and we update it periodically. Institutions reorganise, close branches and retire codes. The figures we show are based on our own data.

Before a payment that matters, confirm the code with Raiffeisenbank Schrobenhausener Land EG or the recipient. GoldexPay has no connection to Raiffeisenbank Schrobenhausener Land EG; we are a comparison site for money transfers. Should you notice a mistake, we welcome a short note.

Sending EUR to Raiffeisenbank Schrobenhausener Land EG

The national currency in Germany is the Euro (EUR). Money sent in a different currency will be converted into EUR before it reaches the account, and whoever converts it chooses the rate. There is rarely a separate charge for the conversion; it is built into the rate.

Which bank converts the money matters. Transferring the amount already in EUR usually prevents a second conversion by Raiffeisenbank Schrobenhausener Land EG – as long as your own rate is good.

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