Rottaler Raiffeisenbank EG SWIFT/BIC code

GENODEF1 – the SWIFT/BIC code of Rottaler Raiffeisenbank EG

Whether you are given GENODEF1 or GENODEF1POC, you are looking at the identical address for Rottaler Raiffeisenbank EG in Germany. The code does one job: it ensures that an international payment reaches the right bank. It comes up mostly when dealing with transfers between countries or a currency.

On this page you will find how the code means, when you need it and what else you need for a transfer to or from Rottaler Raiffeisenbank EG. Keep in mind that the SWIFT code just identifies the bank, not the account: the account number or IBAN takes care of that.

Before you send: check the Rottaler Raiffeisenbank EG code

The most reliable place for the correct BIC is paperwork issued by the bank like a bank statement or the account page in online banking. If the code you have does not match GENODEF1 or GENODEF1POC, stop and ask – contact the recipient or Rottaler Raiffeisenbank EG.

Mistakes in the BIC are costly more than fatal. Remember the IBAN: an error there can be more difficult to undo than a wrong code.

A validity check in your banking app only confirms that the IBAN is valid – not that it belongs to the person you mean to pay. If your bank offers it, a payee name check on the recipient gives an extra layer of safety. For a first payment, some people send a small amount first.

Paying Rottaler Raiffeisenbank EG in euros within SEPA

Because Germany is part of the SEPA zone, a euro payment to Rottaler Raiffeisenbank EG from another SEPA country normally only needs the IBAN. Many banks do not require the BIC for these payments or fill it in for you.

Outside the euro and from non-SEPA countries, GENODEF1POC or GENODEF1 remains part of the payment details. Some banks and apps also ask for the BIC; in that case, fill in GENODEF1 or GENODEF1POC.

Instant euro transfers are widely supported across SEPA; check with Rottaler Raiffeisenbank EG whether it applies to your account. Provided no currency is converted, the transfer is cheap; it is the conversion that costs money.

Changed bank details? Be careful

Stay alert if a contact suddenly wants you to send money to a different account or a bank in another country. A valid SWIFT code says nothing about whether the request is genuine: scammers use real codes of real banks.

Never trust a phone number from the same email that contains the new account. Pressure or secrecy tend to be warning signs; a genuine business can wait for you to check. When a payment has already gone to the wrong account, call your bank right away – speed improves the chance of getting it back.

Fraud can also target the receiver: someone sends too much and asks you to return the difference to a new account. A payment confirmation from the sender is no proof – check your own account.

Where our SWIFT data comes from

The details here are taken from public sources that we update regularly. Banks merge, change names and change codes. Figures such as the number of codes come from our own dataset and may differ from what Rottaler Raiffeisenbank EG publishes.

See our directory on this page as a helpful check and rely on the recipient or Rottaler Raiffeisenbank EG for the final confirmation. We are a comparison site for money transfers and not part of Rottaler Raiffeisenbank EG. Spotted outdated information? Tell us via our contact form so we can correct it.

Why Rottaler Raiffeisenbank EG has an 8- and an 11-character code

Every SWIFT/BIC code has an 8-character core: four letters for the bank, two letters for the country and two characters for the location. For Rottaler Raiffeisenbank EG, the 8-character core is GENODEF1.

The 11-character version has three more characters for a branch or department. When those three characters are XXX, they simply mean the head office, which is why GENODEF1POC and GENODEF1 lead to the same place.

Leave out spaces, dots when you type GENODEF1. A single character can send the money to another bank, so check it twice.

Sending EUR to Rottaler Raiffeisenbank EG

Germany pays in the Euro, with the currency code EUR. When you pay money in a different currency it has to be converted somewhere along the way – by your bank, by Rottaler Raiffeisenbank EG or by a bank in between. Each conversion eats into the amount, even when no fee is shown.

Which bank converts the payment makes a difference. Sending the amount directly in EUR often avoids a second conversion by Rottaler Raiffeisenbank EG – as long as your own rate is good.

Rates for EUR move during the day. For regular payments, small differences in the rate make a real difference over a year.

Tracking a transfer to or from Rottaler Raiffeisenbank EG

There is no single answer: many arrive within a day, others take several business days. Transfers sent late in the day or just before a weekend or public holiday usually go out a business day later. Sometimes a bank wants to know what the payment is for before releasing it.

Many banks use SWIFT gpi. Each gpi transfer gets a unique reference, the UETR. Keep the payment confirmation – you will need it for any trace request.

Only the sending bank can start an official trace. On the receiving end, it helps to look at your account for a slightly lower amount, since fees may have been deducted.

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

Rottaler Raiffeisenbank EG has 2 different SWIFT/BIC codes across 2 locations. Only one is the head office code; the rest identify branches.

Usually there is no need to look up a branch: transfers addressed to GENODEF1POC reach Rottaler Raiffeisenbank EG without problems. A branch code only makes sense when the recipient’s bank specifically mentions it.

The best way is to take the code directly from the recipient’s bank details. Codes are sometimes changed or retired over time, so do not rely on old paperwork.

Receiving money from abroad at Rottaler Raiffeisenbank EG

When you expect money from abroad, give the sender everything they need in one go. The basics are: your name, account number or IBAN, GENODEF1POC and, for some countries, your home address.

Their bank may request the bank address of Rottaler Raiffeisenbank EG; the head office in Pocking is usually fine. A mistake in your account number can be harder to fix than you might think, so copy the details from your online banking.

What lands in your account is often less than what was sent. Intermediary banks may deduct a fee, and when currencies differ, an exchange rate margin comes on top. Make clear with the sender who pays which costs before the money is sent.

What a transfer from Rottaler Raiffeisenbank EG abroad really costs

What you pay for a payment abroad has more than one component, and the transfer fee is only the most visible one. You pay the transfer fee, sometimes fees charged by intermediary banks in between and, above all, the margin on the exchange rate if the currency changes.

Many banks rarely list their exchange rate markup as a cost. A simple test: set the bank’s rate next to the mid-market rate and look at the difference.

For a lot of routes, a transfer service is less expensive than a bank – mostly thanks to the rate. GoldexPay compares the amount that arrives with different providers. You can always keep your account at Rottaler Raiffeisenbank EG; only the conversion and sending happen elsewhere.