Volksbank Raiffeisenbank Rosenheim-Chiemsee EG SWIFT/BIC code

Volksbank Raiffeisenbank Rosenheim-Chiemsee EG SWIFT code: GENODEF1

Whether a recipient gives you GENODEF1 or GENODEF1VRY, you are looking at the same address for Volksbank Raiffeisenbank Rosenheim-Chiemsee EG in Germany. A BIC has a single purpose: it makes sure that a cross-border transfer reaches the right bank. In practice you mostly come across it on international invoices, in payment forms and on the account details that Volksbank Raiffeisenbank Rosenheim-Chiemsee EG provides.

This page is meant to help people who sends money to an account at Volksbank Raiffeisenbank Rosenheim-Chiemsee EG and wants to get the details right. The SWIFT code alone cannot identify an individual account holder; for that you need the account number or IBAN is for.

Paying into Volksbank Raiffeisenbank Rosenheim-Chiemsee EG in EUR

The currency in Germany is the Euro (EUR). If you send another currency gets converted at some point. There is rarely a separate line for the conversion – the cost sits in the rate.

Where the conversion happens affects how much arrives, as rates and margins differ per bank. Transferring the money already in EUR usually prevents a second conversion – as long as your own rate is good.

The EUR rate changes throughout the day. With bigger transfers, a seemingly small difference in the rate adds up quickly.

About this information

We collect bank codes from public sources and check our list regularly. It can happen that a code here is out of date after a merger or reorganisation. The number of codes we show reflect our own data and not on information from Volksbank Raiffeisenbank Rosenheim-Chiemsee EG itself.

Treat this page as a reference, rather than as the last word. We are an independent comparison site and not part of Volksbank Raiffeisenbank Rosenheim-Chiemsee EG. Found outdated information? Let us know through the contact page so we can correct it.

Tracking a transfer to or from Volksbank Raiffeisenbank Rosenheim-Chiemsee EG

There is no single answer for international payments: some land within a day, others take several business days. Transfers sent after the cut-off time or just before weekends and holidays often start the next business day. Compliance checks on larger or unusual payments can also cause a delay, regardless of the details.

Many banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Each gpi transfer carries a unique transaction reference, the UETR that banks can use to trace it. Keep the payment confirmation until the recipient confirms – you will need it for any trace request.

If the money does not arrive after a few business days, the person who paid should start with the bank that sent it, not the receiving bank. As a recipient, it helps to look at your account for a partial amount, since fees may have been deducted.

Paying Volksbank Raiffeisenbank Rosenheim-Chiemsee EG in euros within SEPA

Inside SEPA, euro payments to an account in Germany follow common rules. The BIC field is usually optional or missing for those payments.

The BIC still matter when the currency is not euros, and for transfers from outside SEPA. Some banks and apps still ask for the BIC; in that case, fill in GENODEF1 or GENODEF1VRY.

Euro payments within SEPA usually arrive by the next business day. Provided no currency is converted, the transfer tends to be inexpensive.

Volksbank Raiffeisenbank Rosenheim-Chiemsee EG: head office code versus branch codes

Volksbank Raiffeisenbank Rosenheim-Chiemsee EG has 2 different SWIFT/BIC codes. Only one is the head office code; the others identify branches or departments.

Usually there is no need to pick a branch: transfers addressed to GENODEF1VRY reach Volksbank Raiffeisenbank Rosenheim-Chiemsee EG without problems. Branch codes are only needed when the recipient’s bank explicitly asks for it.

When in doubt, check with the recipient for the exact BIC in their bank details. Branch codes can change over time, so a code from an old document is not always valid.

Getting paid from abroad into a Volksbank Raiffeisenbank Rosenheim-Chiemsee EG account

A sender in another country needs several details from you – incomplete details often cause delays. In practice that means: your full name exactly as it appears on the account, your account number or IBAN, the SWIFT/BIC code GENODEF1VRY (or GENODEF1) and sometimes your address.

The sender’s bank may request the address of your bank; the head office in Bad Aibling is usually fine. Double-check the details before you share them.

An incoming payment will not always land in full. Correspondent banks can take a fee, Volksbank Raiffeisenbank Rosenheim-Chiemsee EG may charge for incoming payments, and if the money is converted, an exchange rate margin applies. On invoices, it is common to state how the fees are split to avoid a shortfall.

Scams that use SWIFT codes

Fraudsters regularly use payment requests containing new bank details, sometimes in an email that looks completely genuine. A correct SWIFT code tells you nothing about who owns the account: scammers use real codes of real banks.

Verify new bank details through a different channel, never via the email that asked for the change. Watch out for time pressure, unusual wording or a sender address that is slightly off. When money has already gone to a fraudster, contact your bank immediately – speed improves the chance of getting it back.

Recipients can be targeted as well: a classic trick is a buyer who pays too much and then sends a request to refund the difference to another account. A payment confirmation from the sender is no proof; only your own account shows what has arrived.

What the XXX in GENODEF1VRY means

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

The 11-character version adds a three-character extension for a branch or department. When those three characters are XXX, the code points to the head office, so GENODEF1VRY and GENODEF1 are interchangeable.

As a rule the code is typed in capitals, without spaces or dashes. Watch for O versus 0 or I versus 1, a common source of typos.

What a transfer from Volksbank Raiffeisenbank Rosenheim-Chiemsee EG abroad really costs

If you transfer money abroad through Volksbank Raiffeisenbank Rosenheim-Chiemsee EG, the fee you see is only part of the cost. There is the fee for the transfer itself, possibly fees charged by intermediary banks along the way and, most importantly, the exchange rate markup.

Most of the cost usually sits in the exchange rate, rather than in the fee: the bank converts at a rate with a margin built in. Check the rate you are offered with the mid-market rate; the gap is what conversion costs you.

Specialist money transfer services frequently use a rate near the mid-market rate with clearer fees. On GoldexPay we compare the amount that arrives across providers. Choosing a specialist does not require closing your account at Volksbank Raiffeisenbank Rosenheim-Chiemsee EG – you pay the provider from your own account.

How to check GENODEF1 before you pay

The safest source for a SWIFT code is the bank details provided by the recipient: an invoice, a bank statement or their online banking. When the code you were given does not match GENODEF1 or GENODEF1VRY, stop and ask: check with the recipient or with Volksbank Raiffeisenbank Rosenheim-Chiemsee EG directly.

An incorrect BIC may lead to delays, a payment being sent back or extra fees. An error in the account number is a bigger problem, because the money may be credited to someone else, so check that just as carefully.

A format check by your bank only tells you that the IBAN is valid. If your bank offers it, a payee name check before sending gives extra certainty. For a first payment, some people send a small test amount and wait for confirmation.