SWIFT Code GENODEF1OL2 — RAIFFEISENBANK OLDENBURG EG, OLDENBURG

About SWIFT Code GENODEF1OL2 — RAIFFEISENBANK OLDENBURG EG, OLDENBURG

SWIFT code GENODEF1OL2 is the official 11-character branch-specific BIC (Bank Identifier Code) for RAIFFEISENBANK OLDENBURG EG in OLDENBURG, 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 OLDENBURG EG for all outward international remittances from OLDENBURG. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code GENODEF1OL2

The code GENODEF1OL2 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code GENODEF1OL2

Receiving International Wire Transfers

To receive money from abroad at your RAIFFEISENBANK OLDENBURG EG account in OLDENBURG, share SWIFT code GENODEF1OL2 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 OLDENBURG EG, OLDENBURG must provide SWIFT code GENODEF1OL2. 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 OLDENBURG EG in OLDENBURG rely on SWIFT code GENODEF1OL2 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 OLDENBURG EG →

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

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

How SWIFT Code GENODEF1OL2 Routes an International Transfer

1. Initiation: The sender provides SWIFT code GENODEF1OL2 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 OLDENBURG EG.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: RAIFFEISENBANK OLDENBURG EG receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code GENODEF1OL2

• Spaces or lowercase letters — Always enter GENODEF1OL2 uppercase with no spaces.
• Using the wrong city — This code is for OLDENBURG 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 GENODEF1OL2 directly with RAIFFEISENBANK OLDENBURG EG's OLDENBURG branch or via the SWIFT BIC Directory.