SWIFT Code GENODEF1TGB — RAIFFEISENBANK TORGAU EG, TORGAU

About SWIFT Code GENODEF1TGB — RAIFFEISENBANK TORGAU EG, TORGAU

SWIFT code GENODEF1TGB is the official 11-character branch-specific BIC (Bank Identifier Code) for RAIFFEISENBANK TORGAU EG in TORGAU, 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 TORGAU EG for all outward international remittances from TORGAU. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code GENODEF1TGB

The code GENODEF1TGB follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code GENODEF1TGB

Receiving International Wire Transfers

To receive money from abroad at your RAIFFEISENBANK TORGAU EG account in TORGAU, share SWIFT code GENODEF1TGB 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 TORGAU EG, TORGAU must provide SWIFT code GENODEF1TGB. 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 TORGAU EG in TORGAU rely on SWIFT code GENODEF1TGB 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 TORGAU EG →

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

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

How SWIFT Code GENODEF1TGB Routes an International Transfer

1. Initiation: The sender provides SWIFT code GENODEF1TGB 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 TORGAU EG.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: RAIFFEISENBANK TORGAU EG receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code GENODEF1TGB

• Spaces or lowercase letters — Always enter GENODEF1TGB uppercase with no spaces.
• Using the wrong city — This code is for TORGAU 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 GENODEF1TGB directly with RAIFFEISENBANK TORGAU EG's TORGAU branch or via the SWIFT BIC Directory.