SWIFT Code GENODEF1GRR — RAIFFEISENBANK GARREL EG, GARREL

About SWIFT Code GENODEF1GRR — RAIFFEISENBANK GARREL EG, GARREL

SWIFT code GENODEF1GRR is the official 11-character branch-specific BIC (Bank Identifier Code) for RAIFFEISENBANK GARREL EG in GARREL, 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 GARREL EG for all outward international remittances from GARREL. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code GENODEF1GRR

The code GENODEF1GRR follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code GENODEF1GRR

Receiving International Wire Transfers

To receive money from abroad at your RAIFFEISENBANK GARREL EG account in GARREL, share SWIFT code GENODEF1GRR 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 GARREL EG, GARREL must provide SWIFT code GENODEF1GRR. 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 GARREL EG in GARREL rely on SWIFT code GENODEF1GRR 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 GARREL EG →

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

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

How SWIFT Code GENODEF1GRR Routes an International Transfer

1. Initiation: The sender provides SWIFT code GENODEF1GRR 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 GARREL EG.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: RAIFFEISENBANK GARREL EG receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code GENODEF1GRR

• Spaces or lowercase letters — Always enter GENODEF1GRR uppercase with no spaces.
• Using the wrong city — This code is for GARREL 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 GENODEF1GRR directly with RAIFFEISENBANK GARREL EG's GARREL branch or via the SWIFT BIC Directory.