SWIFT Code GENODEF1LAU — RAIFFEISEN- SPAR- UND KREDITBANK EG, LAUF

About SWIFT Code GENODEF1LAU — RAIFFEISEN- SPAR- UND KREDITBANK EG, LAUF

SWIFT code GENODEF1LAU is the official 11-character branch-specific BIC (Bank Identifier Code) for RAIFFEISEN- SPAR- UND KREDITBANK EG in LAUF, 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 RAIFFEISEN- SPAR- UND KREDITBANK EG for all outward international remittances from LAUF. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code GENODEF1LAU

The code GENODEF1LAU follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code GENODEF1LAU

Receiving International Wire Transfers

To receive money from abroad at your RAIFFEISEN- SPAR- UND KREDITBANK EG account in LAUF, share SWIFT code GENODEF1LAU 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- SPAR- UND KREDITBANK EG, LAUF must provide SWIFT code GENODEF1LAU. 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- SPAR- UND KREDITBANK EG in LAUF rely on SWIFT code GENODEF1LAU 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- SPAR- UND KREDITBANK EG →

For cheque clearing or NACH mandates, use the MICR code for RAIFFEISEN- SPAR- UND KREDITBANK EG →

For TDS challan deposits, find the BSR code for RAIFFEISEN- SPAR- UND KREDITBANK EG →

How SWIFT Code GENODEF1LAU Routes an International Transfer

1. Initiation: The sender provides SWIFT code GENODEF1LAU 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- SPAR- UND KREDITBANK EG.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: RAIFFEISEN- SPAR- UND KREDITBANK EG receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code GENODEF1LAU

• Spaces or lowercase letters — Always enter GENODEF1LAU uppercase with no spaces.
• Using the wrong city — This code is for LAUF 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 GENODEF1LAU directly with RAIFFEISEN- SPAR- UND KREDITBANK EG's LAUF branch or via the SWIFT BIC Directory.