Volksbank-Raiffeisenbank Deggingen EG SWIFT/BIC code

What GENODES1 means for a payment to Volksbank-Raiffeisenbank Deggingen EG

The short code GENODES1 and the full code GENODES1DGG identify the same bank: Volksbank-Raiffeisenbank Deggingen EG in Deggingen, Germany. The code does one job: it makes sure that money from abroad ends up at the right bank. In daily life you mostly come across the code on international invoices, in your banking app and on the account details that Volksbank-Raiffeisenbank Deggingen EG provides.

This page is meant to help anyone who pays into an account at Volksbank-Raiffeisenbank Deggingen EG and wants to get the details right. A SWIFT code identifies a bank or branch, not a specific account.

Protect yourself against fake payment requests

Be wary when a contact unexpectedly asks you to pay into another account or a bank in another country. That GENODES1 is a real code does not mean that a request mentioning it is legitimate.

Before paying, verify changed bank details by phone, using a number you already had. Pressure and requests to keep it quiet are warning signs; a genuine business can wait for you to check. Acted too fast? Contact your bank straight away and have them start a recall.

Fraud also target the receiver. Someone claims to have sent too much and wants you to return the difference. Do not act before the money is actually in your account and check with Volksbank-Raiffeisenbank Deggingen EG if anything seems off.

The Euro and what conversion costs you

Germany uses the Euro, code EUR. If you send money in a different currency has to be converted somewhere along the way. You rarely see a separate charge for that conversion; it is built into the rate.

Where the conversion happens has an effect on the final amount. Check what EUR arrives via several services before choosing one.

The EUR rate changes throughout the day and quotes are often valid only for a short time. If you pay regularly, a slightly better rate add up over time.

How up to date is this code?

Our SWIFT/BIC directory is based on public sources. Institutions merge, close branches and retire codes, and a directory never catches every change immediately. Counts and locations come from our own dataset and are not confirmed by Volksbank-Raiffeisenbank Deggingen EG.

For any payment of any size, always confirm the BIC with Volksbank-Raiffeisenbank Deggingen EG or with the recipient. GoldexPay is independent of Volksbank-Raiffeisenbank Deggingen EG. If you notice something that is out of date, we welcome a short note.

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

For an international payment into your account at Volksbank-Raiffeisenbank Deggingen EG, the sender needs not just the BIC. The basics are: your name, IBAN or account number, GENODES1DGG and, for some countries, your home address.

Their bank might request the bank address of Volksbank-Raiffeisenbank Deggingen EG; the head office in Deggingen is usually fine. A mistake in the IBAN can be more trouble than it looks, so copy the details from your online banking.

The amount you receive can be less than what was sent. Charges on incoming payments differ per bank. Make clear with the sender who covers the fees before the money is sent.

Paying Volksbank-Raiffeisenbank Deggingen EG in euros within SEPA

Since Germany is part of SEPA, a euro payment into Volksbank-Raiffeisenbank Deggingen EG from within the SEPA area normally requires just an IBAN. Most banking apps do not require the BIC in that case.

For anything other than euros and from non-SEPA countries, GENODES1DGG remains required. Some banks and apps also show a field for the BIC; in that case, enter GENODES1 or GENODES1DGG.

Instant euro transfers have become increasingly available within SEPA; check with Volksbank-Raiffeisenbank Deggingen EG whether it applies to your account. Charges on SEPA transfers tend to be low as long as everything stays in euros.

How to check GENODES1 before you pay

Ask the recipient to send you the account details straight from their banking app. Compare that code against GENODES1 on this page; if they differ, ask before you pay.

An incorrect BIC can cause a delay, a payment being sent back or extra fees for investigation. Do not forget the account number: an error there is more difficult to undo than a wrong BIC.

A format check in your banking app only confirms that the code is valid, not that it is the right account. Where available, a name check before sending gives an extra layer of safety. Sending a small amount first can be worth it for a large first payment, even if it costs an extra fee.

International transfers from Volksbank-Raiffeisenbank Deggingen EG: the real cost

What you pay for an international transfer has several parts – not just the fee on your screen. You pay the transfer fee, possibly fees charged by intermediary banks in between and, most importantly, the exchange rate markup if the currency changes.

Banks do not list the margin on the rate separately, but you pay it all the same. An easy check: put the bank’s rate next to the mid-market rate for the same moment and look at the difference.

For a lot of routes, a specialist provider is cheaper than a traditional bank transfer, mainly because of the exchange rate. Before your next transfer, it is worth to compare the total cost on GoldexPay rather than accepting the bank’s rate by default. You can always keep your account at Volksbank-Raiffeisenbank Deggingen EG to fund the transfer; only the conversion and sending happen elsewhere.

GENODES1 or GENODES1DGG – which one to use?

The layout of a BIC is always the same: a bank code of four letters, two for the country and two for the location, plus an optional branch code. Combined, these eight characters form GENODES1 – the version you usually see online.

XXX at the end of GENODES1DGG does not stand for a missing value or an error: it indicates the main office of Volksbank-Raiffeisenbank Deggingen EG. Some forms insist on 11 characters, in which case you can enter XXX behind GENODES1.

Enter the code in one piece, in capitals and without separators. A wrong character may route a payment to a different institution, so copy it carefully.

Which of the 2 codes of Volksbank-Raiffeisenbank Deggingen EG do you need?

Having 2 codes, Volksbank-Raiffeisenbank Deggingen EG is one of the banks that use separate codes for parts of the organisation. The main code remains GENODES1DGG.

For the vast majority of payments to a private or business account, the head office code GENODES1DGG is what you need. If you have been given a branch code, stick to it rather than swapping it for the head office code.

Unsure which code to use? Ask the recipient or the bank itself. Branch codes can change over time, so a code from an old document is not always valid.

Tracking a transfer to or from Volksbank-Raiffeisenbank Deggingen EG

How quickly a payment reaches Volksbank-Raiffeisenbank Deggingen EG is determined by several factors: the currency, how many intermediary banks are involved, daily processing deadlines and time zones. Bank holidays in either country can add a day or more. Occasionally a bank asks what the payment is for before releasing it.

A growing number of banks use SWIFT gpi, which lets them follow a payment from bank to bank. Each gpi transfer gets a unique reference, the UETR. Specialist transfer services often show tracking online so you can see how far the money is.

If the money does not arrive after a few business days, the person who paid needs to contact their own bank. Request from the sender the payment receipt – it helps your own bank look for the money.