SWIFT Code GENODED1SAM — RAIFFEISENBANK SANKT AUGUSTIN EG, SANKT AUGUSTIN

About SWIFT Code GENODED1SAM — RAIFFEISENBANK SANKT AUGUSTIN EG, SANKT AUGUSTIN

SWIFT code GENODED1SAM is the official 11-character branch-specific BIC (Bank Identifier Code) for RAIFFEISENBANK SANKT AUGUSTIN EG in SANKT AUGUSTIN, 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 SANKT AUGUSTIN EG for all outward international remittances from SANKT AUGUSTIN. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code GENODED1SAM

The code GENODED1SAM follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code GENODED1SAM

Receiving International Wire Transfers

To receive money from abroad at your RAIFFEISENBANK SANKT AUGUSTIN EG account in SANKT AUGUSTIN, share SWIFT code GENODED1SAM 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 SANKT AUGUSTIN EG, SANKT AUGUSTIN must provide SWIFT code GENODED1SAM. 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 SANKT AUGUSTIN EG in SANKT AUGUSTIN rely on SWIFT code GENODED1SAM 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 SANKT AUGUSTIN EG →

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

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

How SWIFT Code GENODED1SAM Routes an International Transfer

1. Initiation: The sender provides SWIFT code GENODED1SAM 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 SANKT AUGUSTIN EG.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: RAIFFEISENBANK SANKT AUGUSTIN EG receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code GENODED1SAM

• Spaces or lowercase letters — Always enter GENODED1SAM uppercase with no spaces.
• Using the wrong city — This code is for SANKT AUGUSTIN 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 GENODED1SAM directly with RAIFFEISENBANK SANKT AUGUSTIN EG's SANKT AUGUSTIN branch or via the SWIFT BIC Directory.