Raiffeisenbank Sulzbach-Rosenberg EG Sitz Sulzbach-Rosenberg SWIFT/BIC code

SWIFT/BIC code of Raiffeisenbank Sulzbach-Rosenberg EG Sitz Sulzbach-Rosenberg

GENODEF1 and GENODEF1EDF are two spellings of the same SWIFT/BIC code, and both point to Raiffeisenbank Sulzbach-Rosenberg EG Sitz Sulzbach-Rosenberg in Edelsfeld. Every bank on the SWIFT network uses BIC codes to direct payments between countries to the correct bank. You will need it mostly for payments that cross a border or a currency.

On this page we explain what the code means, when you need it and what else you need for a transfer to or from Raiffeisenbank Sulzbach-Rosenberg EG Sitz Sulzbach-Rosenberg. The SWIFT code on its own does not identify an individual account holder; for that you need the IBAN or account number is for.

Verifying the SWIFT code of Raiffeisenbank Sulzbach-Rosenberg EG Sitz Sulzbach-Rosenberg

The most reliable source for a SWIFT code is the bank details provided by the recipient – an invoice, a statement or a screenshot from online banking. If the code you have does not match GENODEF1 or GENODEF1EDF, do not guess: check with the recipient or with Raiffeisenbank Sulzbach-Rosenberg EG Sitz Sulzbach-Rosenberg directly.

With a wrong code, the payment may get stuck, be returned or end up costing more. A mistake in the account number is a bigger problem; check it just as carefully.

Many banking apps check the format of an IBAN. If your bank offers it, a payee name check on the recipient adds extra certainty. Sending a small amount first can be worth it for a large first payment, even if it costs an extra fee.

Watch out for payment fraud

Stay wary if a contact suddenly asks you to pay into a different account or a bank in another country. That GENODEF1 is a real code does not mean that the account is legitimate.

Always confirm changed bank details through a phone call. Be suspicious of time pressure, unusual wording or a sender address that is slightly off. Acted too fast? Contact the bank you paid from without delay and ask them to start a recall and report the fraud.

Recipients are targeted too: one known trick is a buyer who pays too much and then sends a request to send back the difference abroad. Do not act before the money is actually in your account – ask Raiffeisenbank Sulzbach-Rosenberg EG Sitz Sulzbach-Rosenberg if something looks wrong.

The Euro and what conversion costs you

The national currency in Germany is the Euro (EUR). When you pay another currency it gets converted at some point. There is rarely a separate charge for the conversion.

Who does the conversion affects how much arrives. Compare how much EUR arrives via different providers before choosing one.

The rate for EUR fluctuates constantly and quotes are often valid only for a short time. On larger amounts, a seemingly small difference in the rate can be worth more than the fee.

Why Raiffeisenbank Sulzbach-Rosenberg EG Sitz Sulzbach-Rosenberg has an 8- and an 11-character code

The layout of a BIC never changes: four characters for the institution, two for the country and a two-character location code. Together, those parts make up GENODEF1.

The 11-character version has three more characters that identify a branch or department. When those three characters are XXX, the code points to the head office.

In practice the code is typed in capitals, without spaces or dashes. A wrong letter may route the money to another bank, so check it twice.

Where our SWIFT data comes from

We gather bank codes from publicly available data and check them from time to time. Institutions merge, close branches and change 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 Sulzbach-Rosenberg EG Sitz Sulzbach-Rosenberg.

Treat the information here as a helpful check. GoldexPay has no connection to Raiffeisenbank Sulzbach-Rosenberg EG Sitz Sulzbach-Rosenberg; we are a comparison site for money transfers. Spotted an error? Tell us through the contact page.

SEPA payments and the Raiffeisenbank Sulzbach-Rosenberg EG Sitz Sulzbach-Rosenberg BIC

Inside SEPA, euro payments to Raiffeisenbank Sulzbach-Rosenberg EG Sitz Sulzbach-Rosenberg use common rules, so the IBAN does the job in most cases. The BIC field is usually optional or missing in that case.

Outside the euro and from non-SEPA countries, GENODEF1EDF or GENODEF1 is still required. If your banking app has a field for the BIC regardless, adding GENODEF1 does no harm.

Euro payments within SEPA usually arrive within one business day, and instant transfers in seconds where both banks support them. Charges on SEPA payments are generally low, as long as no currency conversion is involved.

Which of the 2 codes of Raiffeisenbank Sulzbach-Rosenberg EG Sitz Sulzbach-Rosenberg do you need?

We have 2 SWIFT/BIC codes for Raiffeisenbank Sulzbach-Rosenberg EG Sitz Sulzbach-Rosenberg in 2 places. Besides the head office code GENODEF1EDF, there are codes for regional offices and specialised units.

For most incoming transfers, the head office code GENODEF1EDF is the right choice. If you have been given a branch code, stick to it rather than swapping it for the head office code.

If you are not sure, check with the recipient for the exact BIC in their bank details. Codes for branches are more prone to be retired than the head office code when a bank merges or closes offices.

What a transfer from Raiffeisenbank Sulzbach-Rosenberg EG Sitz Sulzbach-Rosenberg abroad really costs

A bank transfer abroad costs more than the listed fee. On top of the transfer fee, correspondent or intermediary banks can take a cut, and if the money changes currency, the bank often applies a rate below the actual market rate.

Many banks do not show their exchange rate markup separately. A simple test: put the rate you get next to the mid-market rate for the same moment and work out the difference on your amount.

For a lot of currency pairs, a transfer service turns out to be cheaper than a traditional bank transfer – mostly thanks to the rate. GoldexPay compares these services next to each other, showing the amount the recipient gets. You can always use your account at Raiffeisenbank Sulzbach-Rosenberg EG Sitz Sulzbach-Rosenberg.

When will the money arrive at Raiffeisenbank Sulzbach-Rosenberg EG Sitz Sulzbach-Rosenberg?

How quickly a transfer reaches Raiffeisenbank Sulzbach-Rosenberg EG Sitz Sulzbach-Rosenberg is determined by a few things: the currency, the number of banks in between, daily processing deadlines and differences in time zone. Payments made after the cut-off time or on a weekend or public holiday often start a business day later. Sometimes a bank asks what the payment is for, which can hold things up.

When a payment takes longer than expected, contact your bank for the status or the UETR; with that reference banks can see where the payment is. Money transfer services usually provide a status in their app showing how far the payment has got.

A delayed transfer is traced from the sending side. As a recipient, you can check your statements for a slightly lower amount because fees can reduce the amount.

What to give a sender who pays you at Raiffeisenbank Sulzbach-Rosenberg EG Sitz Sulzbach-Rosenberg

If you expect a payment from another country, send the payer a complete set of details. In practice that means: your full name as registered with Raiffeisenbank Sulzbach-Rosenberg EG Sitz Sulzbach-Rosenberg, your IBAN or account number, the BIC GENODEF1EDF (or GENODEF1) and sometimes your address.

Their bank may also ask for the bank address of Raiffeisenbank Sulzbach-Rosenberg EG Sitz Sulzbach-Rosenberg; the head office in Edelsfeld is usually fine. A typo in your account number is harder to fix than it looks, so copy the details from your online banking.

Expect that the incoming amount is smaller than what the sender paid. Fees for incoming transfers differ from bank to bank – the price list of Raiffeisenbank Sulzbach-Rosenberg EG Sitz Sulzbach-Rosenberg tells you what applies. Make clear with the sender who covers the fees.