SWIFT Code GENODE61ELZ — RAIFFEISENBANK EG ELZTAL, ELZTAL

About SWIFT Code GENODE61ELZ — RAIFFEISENBANK EG ELZTAL, ELZTAL

SWIFT code GENODE61ELZ is the official 11-character branch-specific BIC (Bank Identifier Code) for RAIFFEISENBANK EG ELZTAL in ELZTAL, 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 EG ELZTAL for all outward international remittances from ELZTAL. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code GENODE61ELZ

The code GENODE61ELZ follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code GENODE61ELZ

Receiving International Wire Transfers

To receive money from abroad at your RAIFFEISENBANK EG ELZTAL account in ELZTAL, share SWIFT code GENODE61ELZ 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 EG ELZTAL, ELZTAL must provide SWIFT code GENODE61ELZ. 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 EG ELZTAL in ELZTAL rely on SWIFT code GENODE61ELZ 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 EG ELZTAL →

For cheque clearing or NACH mandates, use the MICR code for RAIFFEISENBANK EG ELZTAL →

For TDS challan deposits, find the BSR code for RAIFFEISENBANK EG ELZTAL →

How SWIFT Code GENODE61ELZ Routes an International Transfer

1. Initiation: The sender provides SWIFT code GENODE61ELZ 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 EG ELZTAL.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: RAIFFEISENBANK EG ELZTAL receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code GENODE61ELZ

• Spaces or lowercase letters — Always enter GENODE61ELZ uppercase with no spaces.
• Using the wrong city — This code is for ELZTAL 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 GENODE61ELZ directly with RAIFFEISENBANK EG ELZTAL's ELZTAL branch or via the SWIFT BIC Directory.