Rottaler Volksbank-Raiffeisenbank EG SWIFT/BIC code

SWIFT/BIC code of Rottaler Volksbank-Raiffeisenbank EG

GENODEF1 and GENODEF1EGR are two ways of writing the same SWIFT/BIC code, and both lead to Rottaler Volksbank-Raiffeisenbank EG in Eggenfelden. A BIC does one job: it makes sure that a cross-border transfer ends up at the right bank. You will need it mostly when dealing with payments that cross a border and payments in foreign currencies.

This page is meant to help people who receives money at an account at Rottaler Volksbank-Raiffeisenbank EG and wants to get the details right. The SWIFT code on its own cannot identify a personal account; for that you need the account number or IBAN .

What to give a sender who pays you at Rottaler Volksbank-Raiffeisenbank EG

When you expect money from abroad, send the payer everything they need in one go. Give them the account holder’s name, your account number or IBAN, SWIFT code GENODEF1EGR and your address, which some banks require.

Some banks want the address of Rottaler Volksbank-Raiffeisenbank EG, so keep it at hand. Double-check each detail before you share them.

Do not be surprised if the incoming amount is smaller than the amount on the sender’s receipt. Fees for incoming transfers differ per bank – the price list of Rottaler Volksbank-Raiffeisenbank EG tells you what applies. For business payments, it is common to agree how the fees are split.

Choosing between the 2 SWIFT codes of Rottaler Volksbank-Raiffeisenbank EG

Rottaler Volksbank-Raiffeisenbank EG uses 2 separate SWIFT/BIC codes across 2 cities. Only one is the head office code; the rest identify branches or departments.

For the vast majority of incoming transfers, the head office code GENODEF1EGR works fine. Branch codes are only needed if the recipient’s bank explicitly asks for it, which is more common for corporate accounts and specialised services.

If you are not sure, ask the person you are paying for the exact BIC in their bank details. Codes can change over time.

What the XXX in GENODEF1EGR means

The structure of a BIC is always the same: four characters for the institution, two for the country and two for the location. Combined, these eight characters make up GENODEF1.

Many payment forms work with either length. If a form requires eleven characters, use GENODEF1EGR.

Enter the code in one piece, in capitals and without spaces. Pasting the code is safer than typing it by hand, because one wrong letter changes the bank.

Paying into Rottaler Volksbank-Raiffeisenbank EG in EUR

The local currency in Germany is the Euro (EUR). Money sent in a different currency is exchanged into EUR on its way to Rottaler Volksbank-Raiffeisenbank EG – and the bank that does it picks the rate. Each conversion eats into the amount – usually through the rate rather than a fee.

Which bank converts the money makes a difference, because each party uses its own rate. Compare how much EUR the recipient gets with several services before choosing one.

Rates for EUR change during the day – some services let you fix a rate in advance. With bigger transfers, even seemingly small gap in the rate can be worth more than the fee.

Tracking a transfer to or from Rottaler Volksbank-Raiffeisenbank EG

How fast a transfer arrives at Rottaler Volksbank-Raiffeisenbank EG depends on several factors: which currency you send, how many intermediary banks are involved, cut-off times and differences in time zone. Transfers sent late in the day or just before a weekend or public holiday usually go out the next business day. Extra checks on larger or unusual payments may also add a delay, regardless of the details.

When a payment takes longer than expected, ask your bank for the tracking status or the UETR so they can trace it along the chain. Money transfer services often show tracking in their app showing how far the money is.

Only the sending bank can request a trace – the recipient’s bank often cannot see a payment that has not arrived. As a recipient, it helps to check your statements to see a slightly lower amount, since fees may have been deducted.

Sending money abroad from Rottaler Volksbank-Raiffeisenbank EG

A bank transfer abroad costs more than the fee suggests. There is the transfer fee, sometimes fees charged by intermediary banks in between and, above all, the margin on the exchange rate when the money is converted.

The real cost is often in the rate: the bank converts at a rate that includes a margin. Check the rate you are offered with the mid-market rate.

For many currency pairs, a specialist provider turns out to be less expensive than a bank, mainly because of the exchange rate. Next time you send money, it is worth to compare what arrives on GoldexPay rather than accepting the bank’s rate by default. Choosing a specialist does not require leaving Rottaler Volksbank-Raiffeisenbank EG – you pay the provider from your own account.

Watch out for payment fraud

Be wary if a contact suddenly wants you to pay into another account. The fact that GENODEF1 exists is no guarantee that the account is genuine – fraudsters use real bank codes as well.

Check new bank details through a separate channel, never via the email that asked for the change. Pressure and requests to keep it quiet tend to be red flags – a real supplier can wait a day. Already paid? Contact your bank straight away and ask them to try to recall the payment; also report it to the police.

Recipients are targeted too: a classic trick is an overpayment followed by a request to refund the difference. A payment confirmation from the sender is no proof.

Do you need GENODEF1 for a SEPA transfer?

Germany belongs to the SEPA area, the zone for uniform euro payments. For a regular euro transfer from another SEPA country, the IBAN is usually enough; many banks no longer ask for the BIC.

For anything other than euros and from non-SEPA countries, GENODEF1EGR or GENODEF1 is still required. Some banks and apps still show a field for the BIC out of habit; in that case, fill in GENODEF1 or GENODEF1EGR.

Instant payments in euros have become increasingly supported within SEPA. Charges on SEPA payments are generally low.

Verifying the SWIFT code of Rottaler Volksbank-Raiffeisenbank EG

Ask the recipient to send you the bank details straight from their banking app. When the code you were given does not match GENODEF1 or GENODEF1EGR, stop and ask.

Errors in the SWIFT code tend to be annoying more than fatal. Do not forget the account number: an error there is more difficult to undo than a wrong BIC.

An automatic check by your bank only tells you that the code 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 adds an extra layer of safety. A small test payment can be worth it for a large first payment, even if it costs an extra fee.

A note on our data

The codes on this page come from public sources that we update regularly. Still, banks merge, rename themselves or change codes and our data may lag behind. Counts and locations come from our own dataset and are not confirmed by Rottaler Volksbank-Raiffeisenbank EG.

Before a payment of any size, check the code with Rottaler Volksbank-Raiffeisenbank EG or the recipient. We are a comparison service and not part of Rottaler Volksbank-Raiffeisenbank EG. Spotted outdated information? Let us know through the contact page.