SWIFT Code GENODEF1MBL — RAIFFEISENBANK BURGBERNHEIM-MARKTBERGEL EG, MARKTBERGEL

About SWIFT Code GENODEF1MBL — RAIFFEISENBANK BURGBERNHEIM-MARKTBERGEL EG, MARKTBERGEL

SWIFT code GENODEF1MBL is the official 11-character branch-specific BIC (Bank Identifier Code) for RAIFFEISENBANK BURGBERNHEIM-MARKTBERGEL EG in MARKTBERGEL, 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 BURGBERNHEIM-MARKTBERGEL EG for all outward international remittances from MARKTBERGEL. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code GENODEF1MBL

The code GENODEF1MBL follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code GENODEF1MBL

Receiving International Wire Transfers

To receive money from abroad at your RAIFFEISENBANK BURGBERNHEIM-MARKTBERGEL EG account in MARKTBERGEL, share SWIFT code GENODEF1MBL 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 BURGBERNHEIM-MARKTBERGEL EG, MARKTBERGEL must provide SWIFT code GENODEF1MBL. 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 BURGBERNHEIM-MARKTBERGEL EG in MARKTBERGEL rely on SWIFT code GENODEF1MBL 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 BURGBERNHEIM-MARKTBERGEL EG →

For cheque clearing or NACH mandates, use the MICR code for RAIFFEISENBANK BURGBERNHEIM-MARKTBERGEL EG →

For TDS challan deposits, find the BSR code for RAIFFEISENBANK BURGBERNHEIM-MARKTBERGEL EG →

How SWIFT Code GENODEF1MBL Routes an International Transfer

1. Initiation: The sender provides SWIFT code GENODEF1MBL 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 BURGBERNHEIM-MARKTBERGEL EG.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: RAIFFEISENBANK BURGBERNHEIM-MARKTBERGEL EG receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code GENODEF1MBL

• Spaces or lowercase letters — Always enter GENODEF1MBL uppercase with no spaces.
• Using the wrong city — This code is for MARKTBERGEL 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 GENODEF1MBL directly with RAIFFEISENBANK BURGBERNHEIM-MARKTBERGEL EG's MARKTBERGEL branch or via the SWIFT BIC Directory.