SWIFT Code GENODES1OTT — RAIFFEISENBANK OTTENBACH, OTTENBACH

About SWIFT Code GENODES1OTT — RAIFFEISENBANK OTTENBACH, OTTENBACH

SWIFT code GENODES1OTT is the official 11-character branch-specific BIC (Bank Identifier Code) for RAIFFEISENBANK OTTENBACH in OTTENBACH, 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 OTTENBACH for all outward international remittances from OTTENBACH. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code GENODES1OTT

The code GENODES1OTT follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code GENODES1OTT

Receiving International Wire Transfers

To receive money from abroad at your RAIFFEISENBANK OTTENBACH account in OTTENBACH, share SWIFT code GENODES1OTT 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 OTTENBACH, OTTENBACH must provide SWIFT code GENODES1OTT. 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 OTTENBACH in OTTENBACH rely on SWIFT code GENODES1OTT 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 OTTENBACH →

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

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

How SWIFT Code GENODES1OTT Routes an International Transfer

1. Initiation: The sender provides SWIFT code GENODES1OTT 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 OTTENBACH.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: RAIFFEISENBANK OTTENBACH receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code GENODES1OTT

• Spaces or lowercase letters — Always enter GENODES1OTT uppercase with no spaces.
• Using the wrong city — This code is for OTTENBACH 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 GENODES1OTT directly with RAIFFEISENBANK OTTENBACH's OTTENBACH branch or via the SWIFT BIC Directory.