Raiffeisenbank Thannhausen EG SWIFT/BIC code

Raiffeisenbank Thannhausen EG SWIFT code: GENODEF1

The short code GENODEF1 and the full code GENODEF1BZS identify the same bank: Raiffeisenbank Thannhausen EG in Balzhausen, Germany. A SWIFT code shows the banks handling a payment which institution should receive the money, much like a postcode for banks. In practice you mostly come across the code on international invoices, in your banking app and in the bank details that Raiffeisenbank Thannhausen EG provides.

We wrote this page to help people who sends money to an account at Raiffeisenbank Thannhausen EG without mistakes. Remember that the SWIFT code just identifies the bank, not the person: the IBAN or account number does that part.

Head office or branch code at Raiffeisenbank Thannhausen EG?

With 3 codes, Raiffeisenbank Thannhausen EG belongs to the banks that register individual codes for parts of the organisation. The head office code is GENODEF1BZS.

For most incoming transfers, the head office code GENODEF1BZS works fine. Just use a branch code when the recipient gives you that exact code, for example on a letter or invoice.

When in doubt, check with the recipient which code their bank gave them. Branch codes are sometimes changed or retired over time.

Sending money abroad from Raiffeisenbank Thannhausen EG

An international bank payment can cost more than the fee suggests. You pay the fee for the transfer itself, possibly fees charged by intermediary banks along the way and, most importantly, the exchange rate markup when the money is converted.

The real cost is often in the rate: the bank converts at a rate with a margin built in. Compare their rate with the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

For many routes, a transfer service is less expensive than a traditional bank transfer – mostly thanks to the rate. GoldexPay compares what recipients receive with different providers, which makes the cheapest option easy to spot. Choosing a specialist does not require leaving Raiffeisenbank Thannhausen EG: you simply pay the service from your account.

Euro (EUR) and conversion costs

The currency in Germany is the Euro (EUR). A payment in a foreign currency will be exchanged into EUR on its way to Raiffeisenbank Thannhausen EG. Each conversion costs the amount.

Who converts the payment matters. Compare how much EUR arrives via several services; the difference between options can be larger than you expect.

The EUR rate fluctuates constantly and quotes are often valid only for a short time. For regular payments, a slightly better rate add up over a year.

How to check GENODEF1 before you pay

The most reliable place for the correct BIC is paperwork issued by the bank, such as a statement or the account details in online banking. Compare that code with GENODEF1 on this page.

With a wrong code, the payment might get stuck, bounce back or cost extra, and tracing it can take weeks. A mistake in the account number can be a bigger problem, because the money may be credited to someone else; check it just as carefully.

Most online banking apps check the format of IBANs and sometimes look up the BIC automatically – that confirms the format, not the owner. Where available, a payee name check before sending adds extra certainty. Sending a small amount first is worth it for large sums.

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

How quickly a transfer arrives at Raiffeisenbank Thannhausen EG is determined by several factors: which currency you send, the number of banks in between, daily processing deadlines and time zones. Weekends and public holidays in either country can add extra days to the journey. Sometimes a bank asks what the payment is for, which can hold things up.

When a payment takes longer than expected, ask the sending bank for the status so they can trace it along the chain. Keep the payment confirmation until the money has arrived – you will need it for any trace request.

A missing payment has to be traced from the sending side on the basis of the transfer details. As a recipient, you can look at your account for a slightly lower amount because fees can reduce the amount.

What the XXX in GENODEF1BZS means

Each SWIFT/BIC code starts with the same eight core characters: four letters for the bank, a two-letter country code and a two-character location code. That gives you GENODEF1 for Raiffeisenbank Thannhausen EG.

XXX at the end of GENODEF1BZS is not a placeholder or a mistake: it stands for the main office of Raiffeisenbank Thannhausen EG. Certain payment forms insist on 11 characters, and then you simply enter XXX after GENODEF1.

Enter the code in one piece, in capitals and without separators, exactly as shown here. A wrong character can send the money to another bank, so check it twice.

Paying Raiffeisenbank Thannhausen EG in euros within SEPA

Within the SEPA zone, euro transfers to Raiffeisenbank Thannhausen EG follow the same rules. A field for the BIC is usually optional or missing for those payments.

You will still need GENODEF1BZS for non-euro payments or money from outside the SEPA area. A few banks and apps still ask for the BIC; if so, enter GENODEF1 or GENODEF1BZS.

Euro payments within SEPA normally land by the next business day, and instant transfers in seconds where both banks support them. Charges on SEPA payments are generally low.

Changed bank details? Be careful

Stay alert if a contact unexpectedly asks you to pay into a different account. The fact that GENODEF1 exists does not mean that the account is genuine; criminals use the codes of real banks too.

Always verify changed bank details by phone. Pressure or secrecy are red flags – a real supplier can wait a day. Acted too fast? Contact the bank you paid from without delay and have them try to recall the payment.

Scams also target the receiver. Someone sends too much and asks you to return the difference via a different route. Do not act before the money is actually in your account.

Getting paid from abroad into a Raiffeisenbank Thannhausen EG account

A sender in another country needs a few details about your account. That means: your full name exactly as it appears on the account, your account number or IBAN, the BIC GENODEF1BZS and sometimes your postal address.

Their bank might request the address of your bank. A mistake in your account number can be more trouble than you might think.

An incoming payment will not always land for the full amount. Correspondent banks can take a fee, and if the currency changes, a markup on the rate comes on top. Make clear with the sender who pays which costs.

About this information

We gather bank codes using publicly available data and check our list from time to time. It is possible that a code here is no longer current after a merger or reorganisation. The number of codes we show reflect our own data and not on information from Raiffeisenbank Thannhausen EG itself.

Use this page as a starting point, not as the last word – the bank details from the recipient are leading. GoldexPay is not affiliated with Raiffeisenbank Thannhausen EG, we only compare transfer services. Spotted an error? Tell us through the contact page so we can correct it.