Volksbank-Raiffeisenbank Dingolfing EG SWIFT/BIC code

SWIFT/BIC code of Volksbank-Raiffeisenbank Dingolfing EG

The 8-character code GENODEF1 and the full code GENODEF1DGF identify one and the same institution: Volksbank-Raiffeisenbank Dingolfing EG. Every bank on the SWIFT network uses BIC codes to route payments between countries to the right institution. In practice you usually see it on invoices from abroad, in your banking app and on the account details of Volksbank-Raiffeisenbank Dingolfing EG customers.

This page is meant to help people who receives money at an account at Volksbank-Raiffeisenbank Dingolfing EG and wants to get the details right. The SWIFT code alone does not identify an individual account holder; that is what the account number or IBAN .

What the XXX in GENODEF1DGF means

The structure of a BIC never changes: a bank code of four letters, two for the country and a two-character location code. Combined, those parts make up GENODEF1.

XXX at the end of GENODEF1DGF does not stand for a placeholder or a mistake: it stands for the main office of Volksbank-Raiffeisenbank Dingolfing EG. Some forms insist on 11 characters, and then you can add XXX after GENODEF1.

Type the code in one piece, in capitals and without spaces, exactly as shown here. Pasting the code is safer than typing it by hand: a typo can point to another bank.

SEPA payments and the Volksbank-Raiffeisenbank Dingolfing EG BIC

Germany belongs to the Single Euro Payments Area (SEPA), where euro transfers follow common rules. When you send euros within SEPA, the IBAN is usually enough and the BIC is often filled in automatically.

The BIC still matter when the currency is not euros, and for transfers from outside SEPA. Some forms still ask for the BIC out of habit; in that case, enter GENODEF1 or GENODEF1DGF.

Euro payments within SEPA normally land by the next business day, and instant transfers in seconds where both banks support them. Provided the payment stays in euros, the transfer tends to be cheap; it is the conversion that costs money.

Tracking a transfer to or from Volksbank-Raiffeisenbank Dingolfing EG

An international transfer typically takes anywhere from one to several business days – it depends on currency, route and the banks in between. Weekends and public holidays in the sending or receiving country add a day or more, since banks do not process on those days. Sometimes a bank asks about the purpose of a payment, which can hold things up.

A growing number of banks use SWIFT gpi for faster and traceable payments. Every gpi transfer gets a unique reference, the UETR that banks can use to trace it. Specialist transfer services often show a status online so you can see how far the money is.

If a payment has not arrived within the expected time, the person who paid should contact their own bank, not the receiving bank. On the receiving end, you can check your account for a partial amount because fees can reduce the amount.

Incoming international payments to Volksbank-Raiffeisenbank Dingolfing EG

For an international payment into your account at Volksbank-Raiffeisenbank Dingolfing EG, the person paying you needs more than the BIC. Share the account holder’s name, your account number or IBAN, the BIC GENODEF1DGF and your address, which some banks require.

It helps to add the bank name and Dingolfing too, because some payment forms have separate fields for them. Double-check the details before you send them – a sender rarely spots a mistake in someone else’s details.

Money from abroad does not always land for the full amount. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the money is converted, a markup on the rate comes on top. Make clear with the sender who covers the fees before the money is sent.

What a transfer from Volksbank-Raiffeisenbank Dingolfing EG abroad really costs

If you transfer money to another country from Volksbank-Raiffeisenbank Dingolfing EG, the visible fee is rarely all of what you pay. Besides a fixed fee, correspondent or intermediary banks can deduct a fee, and if the money changes currency the bank usually applies a rate that is less favourable than the actual market rate.

The real cost is often in the rate: many banks convert using an exchange rate with a margin built in. An easy check: set the bank’s rate against the mid-market rate and look at the difference.

For a lot of currency pairs, a specialist provider turns out to be less expensive than a bank. On GoldexPay you can compare the amount that arrives with different providers, so you can pick the cheapest route. You can always use your account at Volksbank-Raiffeisenbank Dingolfing EG; only the conversion and sending happen elsewhere.

Where our SWIFT data comes from

The details here come from publicly available data that we update regularly. It can happen that a code on this page is no longer current. The number of codes we show are based on our own data and not on information from Volksbank-Raiffeisenbank Dingolfing EG itself.

Use this page as a reference, rather than as the final word: the recipient’s bank details come first. GoldexPay is a comparison site for money transfers and not part of Volksbank-Raiffeisenbank Dingolfing EG. Found an error? Let us know via our contact form so we can correct it.

Scams that use SWIFT codes

Scammers regularly send fake invoices with new bank details. The fact that GENODEF1 exists is no guarantee that the account is genuine.

Before paying, verify changed bank details through a phone call. Urgency and requests to keep it quiet tend to be warning signs; a genuine business can wait for you to check. Acted too fast? Call your bank without delay and ask them to try to recall the payment.

Fraud also target the receiver. Someone sends more than agreed and wants you to return the difference to a new account. A screenshot of a transfer is no proof; only your own account shows what has arrived.

Head office or branch code at Volksbank-Raiffeisenbank Dingolfing EG?

Our database contains 2 SWIFT/BIC codes for Volksbank-Raiffeisenbank Dingolfing EG. Besides the head office code GENODEF1DGF, you will find codes for branches, departments or specific services.

Usually there is no need to pick a branch: payments addressed to GENODEF1DGF reach Volksbank-Raiffeisenbank Dingolfing EG correctly. If you have been given a specific code, use it as it is instead of replacing it for the head office code.

The safest route is to copy the code straight from the recipient’s statement. Branch codes are sometimes changed or retired when banks reorganise, so a code from an old document is not always valid.

Verifying the SWIFT code of Volksbank-Raiffeisenbank Dingolfing EG

The most reliable source for the BIC is the bank details provided by the recipient: an invoice, a bank statement or their online banking. If the code you have differs from GENODEF1 or GENODEF1DGF, do not guess – contact the recipient or Volksbank-Raiffeisenbank Dingolfing EG.

An incorrect BIC can cause a delay, a payment being sent back or additional charges along the way. A mistake in the IBAN or account number is more serious; check it just as carefully.

A validity check by your bank merely tells you that the code exists – not that it belongs to the person you mean to pay. Some banks now check the payee name with the account; take any warning seriously. Sending a small amount first is worth it for a large first payment, even if it costs an extra fee.

The Euro and what conversion costs you

The local currency of Germany is the Euro (EUR). A payment in a foreign currency is converted into EUR before it reaches the account – and the bank that does it picks the rate. Each conversion costs the amount – usually through the rate rather than a fee.

Who converts the payment makes a difference. Transferring the money already in EUR often avoids a second conversion by Volksbank-Raiffeisenbank Dingolfing EG – as long as your own rate is good.

The rate for EUR changes constantly, so the amount you see is usually only valid for a short time. For recurring payments, small differences in the rate add up over a year.