SWIFT Code SGSBALTX — RAIFFEISEN BANK SH.A., TIRANA

About SWIFT Code SGSBALTX — RAIFFEISEN BANK SH.A., TIRANA

SWIFT code SGSBALTX is the official 8-character head-office BIC (Bank Identifier Code) for RAIFFEISEN BANK SH.A. in TIRANA, Albania. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by RAIFFEISEN BANK SH.A. for all outward international remittances from TIRANA. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code SGSBALTX

The code SGSBALTX follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code SGSBALTX

Receiving International Wire Transfers

To receive money from abroad at your RAIFFEISEN BANK SH.A. account in TIRANA, share SWIFT code SGSBALTX with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at RAIFFEISEN BANK SH.A., TIRANA must provide SWIFT code SGSBALTX. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using RAIFFEISEN BANK SH.A. in TIRANA rely on SWIFT code SGSBALTX for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for RAIFFEISEN BANK SH.A. →

For cheque clearing or NACH mandates, use the MICR code for RAIFFEISEN BANK SH.A. →

For TDS challan deposits, find the BSR code for RAIFFEISEN BANK SH.A. →

How SWIFT Code SGSBALTX Routes an International Transfer

1. Initiation: The sender provides SWIFT code SGSBALTX and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to RAIFFEISEN BANK SH.A..
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: RAIFFEISEN BANK SH.A. receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code SGSBALTX

• Spaces or lowercase letters — Always enter SGSBALTX uppercase with no spaces.
• Using the wrong city — This code is for TIRANA only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within Albania.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm SGSBALTX directly with RAIFFEISEN BANK SH.A.'s TIRANA branch or via the SWIFT BIC Directory.