SWIFT Code GENODED1PAX — PAX-BANK EG, KOELN

About SWIFT Code GENODED1PAX — PAX-BANK EG, KOELN

SWIFT code GENODED1PAX is the official 11-character branch-specific BIC (Bank Identifier Code) for PAX-BANK EG in KOELN, Germany. 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 PAX-BANK EG for all outward international remittances from KOELN. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code GENODED1PAX

The code GENODED1PAX follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code GENODED1PAX

Receiving International Wire Transfers

To receive money from abroad at your PAX-BANK EG account in KOELN, share SWIFT code GENODED1PAX 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 PAX-BANK EG, KOELN must provide SWIFT code GENODED1PAX. 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 PAX-BANK EG in KOELN rely on SWIFT code GENODED1PAX 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 PAX-BANK EG →

For cheque clearing or NACH mandates, use the MICR code for PAX-BANK EG →

For TDS challan deposits, find the BSR code for PAX-BANK EG →

How SWIFT Code GENODED1PAX Routes an International Transfer

1. Initiation: The sender provides SWIFT code GENODED1PAX 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 PAX-BANK EG.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: PAX-BANK EG receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code GENODED1PAX

• Spaces or lowercase letters — Always enter GENODED1PAX uppercase with no spaces.
• Using the wrong city — This code is for KOELN 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 Germany.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm GENODED1PAX directly with PAX-BANK EG's KOELN branch or via the SWIFT BIC Directory.