SWIFT Code GENODEF1ABS — RAIFFEISENBANK BAD ABBACH-SAAL EG, BAD ABBACH

About SWIFT Code GENODEF1ABS — RAIFFEISENBANK BAD ABBACH-SAAL EG, BAD ABBACH

SWIFT code GENODEF1ABS is the official 11-character branch-specific BIC (Bank Identifier Code) for RAIFFEISENBANK BAD ABBACH-SAAL EG in BAD ABBACH, 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 RAIFFEISENBANK BAD ABBACH-SAAL EG for all outward international remittances from BAD ABBACH. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code GENODEF1ABS

The code GENODEF1ABS follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code GENODEF1ABS

Receiving International Wire Transfers

To receive money from abroad at your RAIFFEISENBANK BAD ABBACH-SAAL EG account in BAD ABBACH, share SWIFT code GENODEF1ABS 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 RAIFFEISENBANK BAD ABBACH-SAAL EG, BAD ABBACH must provide SWIFT code GENODEF1ABS. 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 RAIFFEISENBANK BAD ABBACH-SAAL EG in BAD ABBACH rely on SWIFT code GENODEF1ABS 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 RAIFFEISENBANK BAD ABBACH-SAAL EG →

For cheque clearing or NACH mandates, use the MICR code for RAIFFEISENBANK BAD ABBACH-SAAL EG →

For TDS challan deposits, find the BSR code for RAIFFEISENBANK BAD ABBACH-SAAL EG →

How SWIFT Code GENODEF1ABS Routes an International Transfer

1. Initiation: The sender provides SWIFT code GENODEF1ABS 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 RAIFFEISENBANK BAD ABBACH-SAAL EG.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: RAIFFEISENBANK BAD ABBACH-SAAL EG receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code GENODEF1ABS

• Spaces or lowercase letters — Always enter GENODEF1ABS uppercase with no spaces.
• Using the wrong city — This code is for BAD ABBACH 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 GENODEF1ABS directly with RAIFFEISENBANK BAD ABBACH-SAAL EG's BAD ABBACH branch or via the SWIFT BIC Directory.