SWIFT Code GENODEF1SZT — RAIFFEISENBANK SALZWEG-THYRNAU EG, SALZWEG

About SWIFT Code GENODEF1SZT — RAIFFEISENBANK SALZWEG-THYRNAU EG, SALZWEG

SWIFT code GENODEF1SZT is the official 11-character branch-specific BIC (Bank Identifier Code) for RAIFFEISENBANK SALZWEG-THYRNAU EG in SALZWEG, 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 SALZWEG-THYRNAU EG for all outward international remittances from SALZWEG. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code GENODEF1SZT

The code GENODEF1SZT follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code GENODEF1SZT

Receiving International Wire Transfers

To receive money from abroad at your RAIFFEISENBANK SALZWEG-THYRNAU EG account in SALZWEG, share SWIFT code GENODEF1SZT 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 SALZWEG-THYRNAU EG, SALZWEG must provide SWIFT code GENODEF1SZT. 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 SALZWEG-THYRNAU EG in SALZWEG rely on SWIFT code GENODEF1SZT 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 SALZWEG-THYRNAU EG →

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

For TDS challan deposits, find the BSR code for RAIFFEISENBANK SALZWEG-THYRNAU EG →

How SWIFT Code GENODEF1SZT Routes an International Transfer

1. Initiation: The sender provides SWIFT code GENODEF1SZT 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 SALZWEG-THYRNAU EG.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: RAIFFEISENBANK SALZWEG-THYRNAU EG receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code GENODEF1SZT

• Spaces or lowercase letters — Always enter GENODEF1SZT uppercase with no spaces.
• Using the wrong city — This code is for SALZWEG 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 GENODEF1SZT directly with RAIFFEISENBANK SALZWEG-THYRNAU EG's SALZWEG branch or via the SWIFT BIC Directory.