Raiffeisenbank Sonnenwald EG SWIFT/BIC code

SWIFT/BIC code of Raiffeisenbank Sonnenwald EG

Whether a recipient gives you GENODEF1 or GENODEF1AUS, you are looking at the identical address for Raiffeisenbank Sonnenwald EG in Germany. Banks worldwide use BIC codes to direct payments between countries to the right institution. It comes up mainly for payments that cross a border or a currency.

We wrote this page to help anyone who sends money to an account at Raiffeisenbank Sonnenwald EG and wants to get the details right. The BIC names a bank or branch, not a specific account, which is why you always need the account number too.

Where our SWIFT data comes from

We gather SWIFT/BIC codes from public sources and check our list regularly. Institutions merge, change names and retire codes. The figures we show are based on what is in our directory, not official figures from Raiffeisenbank Sonnenwald EG.

Before any payment of any size, confirm the code with the recipient’s bank or the recipient. We are a comparison service and not affiliated with Raiffeisenbank Sonnenwald EG. Spotted an error? Tell us through the contact page and we will look into it.

Scams that use SWIFT codes

A common scam goes like this: you receive a request claiming that a contact has a new bank account and asking you to pay there from now on. A real SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Verify new bank details via a different channel, such as a phone number you already know, not by replying to the message. Urgency or requests to keep it quiet are warning signs. Acted too fast? Call the bank you paid from without delay and ask them to start a recall and report the fraud.

Recipients can be targeted as well: one known trick is a buyer who pays too much and then sends a request to refund the difference abroad. A payment confirmation from the sender proves nothing.

International transfers from Raiffeisenbank Sonnenwald EG: the real cost

The price of a payment abroad is made up of several parts, and the transfer fee is only the most visible one. You pay the transfer fee, sometimes fees charged by intermediary banks in between and, most importantly, the margin on the exchange rate.

That exchange rate margin tends to be the largest item, and it is easy to miss. Compare their rate with the mid-market rate.

For a lot of routes, a transfer service turns out to be less expensive than a traditional bank transfer – mostly thanks to the rate. Before your next transfer, it is worth comparing what arrives on GoldexPay. Choosing a specialist does not require closing your account at Raiffeisenbank Sonnenwald EG.

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

There is no single answer for international payments: some arrive within a day while others need several business days. Payments made late in the day or on a weekend or public holiday often start a business day later. Occasionally a bank asks what the payment is for.

If a transfer seems late, contact the sending bank about the status and the transaction reference so they can trace it along the chain. Save the payment confirmation; it contains the details a bank needs to start a trace.

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.

Do you need GENODEF1 for a SEPA transfer?

Inside SEPA, euro transfers to an account in Germany follow common rules. The BIC field is usually optional or missing for those payments.

You will still need GENODEF1AUS when sending payments in other currencies or money from outside the SEPA area. A few forms still ask for the BIC; in that case, enter GENODEF1 or GENODEF1AUS.

Instant euro transfers have become increasingly supported across SEPA – whether Raiffeisenbank Sonnenwald EG offers them for your account is worth checking. As long as the payment stays in euros, the transfer tends to be inexpensive.

What to give a sender who pays you at Raiffeisenbank Sonnenwald EG

A sender in another country needs several details from you, and missing ones are a common cause of delays. What they need is: your name, IBAN or account number, GENODEF1AUS and often your postal address.

It helps to include the bank name and Auerbach as well, because some payment forms have separate fields for them. A mistake in the IBAN can be more trouble than you might think, so copy the details from your online banking.

Do not be surprised if the incoming amount is below the amount on the sender’s receipt. Fees for incoming transfers differ from bank to bank; check the price list of Raiffeisenbank Sonnenwald EG. For business payments, you can agree how the fees are split.

How to check GENODEF1 before you pay

The most reliable place for the correct BIC is a document from the bank itself like a bank statement or the account page in online banking. Check it with GENODEF1 here; if they differ, ask before you pay.

With a wrong code, the transfer might get stuck, be returned or end up costing more. A mistake in the account number is a bigger problem, so check that just as carefully.

A validity check by your bank only tells you that the IBAN exists. Some banks now check the name against the account before you confirm – do not ignore a mismatch warning. For a first payment, some people send a small amount first.

Head office or branch code at Raiffeisenbank Sonnenwald EG?

Raiffeisenbank Sonnenwald EG uses 2 different SWIFT/BIC codes across 2 cities. Only one is the head office code; the others belong to branches, and sometimes specific services.

In most cases you do not need to pick a branch: payments sent to GENODEF1AUS reach Raiffeisenbank Sonnenwald EG without problems. When you receive a specific code, use it as it is instead of replacing it for the head office code.

When in doubt, check with the recipient which code their bank gave them. Codes for branches are more prone to change than GENODEF1AUS.

The Euro and what conversion costs you

The national currency in Germany is the Euro (EUR). If you send another currency has to be converted at some point. Each conversion costs something, even when no fee is shown.

Which bank converts the money makes a difference, because each party uses its own rate. Sending the money directly in EUR usually prevents an extra conversion, provided the rate you get is fair.

Exchange rates change all the time. If you pay regularly, small differences in the rate add up over time.

8 or 11 characters: GENODEF1 versus GENODEF1AUS

Each 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. That gives you GENODEF1, the short form of the code.

Most banks and apps work with both lengths. If a form requires eleven characters, enter GENODEF1AUS, otherwise GENODEF1 is fine.

Leave out spaces or dashes when you enter GENODEF1 or GENODEF1AUS. Look out for the letter O and the digit 0 or I versus 1, a common source of typos.