SWIFT/BIC code RAIFCH22970
RAIFCH22970 belongs to Raiffeisen Schweiz Genossenschaft in Olten, Switzerland.
Code details
| SWIFT/BIC code | RAIFCH22970 |
|---|---|
| 8-character code | RAIFCH22 |
| Branch code | 970 |
| Bank | Raiffeisen Schweiz Genossenschaft |
| Branch | — |
| City | Olten |
| Country | Switzerland |
The way the Raiffeisen Schweiz Genossenschaft SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- RAIF Bank code
- 4 letters that identify the bank.
- CH Country code
- 2 letters for the country (ISO 3166).
- 22 Location code
- 2 characters for the city or region of the head office.
- 970 Branch code
- 3 characters for a specific branch. XXX means the head office.
Check before you send
- Ask the recipient which bank and branch the account is held at.
- Use the head office code (XXX) when no branch is specified.
- Make sure the country in the code matches the country of the account.
Frequently asked questions
Which bank is behind BIC RAIFCH22970?
The code RAIFCH22970 belongs to Raiffeisen Schweiz Genossenschaft, a branch or department of Raiffeisen Schweiz Genossenschaft in Olten, Switzerland. Only use it if the recipient or their bank explicitly asks for it.
What does each part of RAIFCH22970 stand for?
RAIF is the bank code of Raiffeisen Schweiz Genossenschaft, CH is the ISO code of Switzerland, 22 is the code for the city or region and 970 is the code of the department Raiffeisen Schweiz Genossenschaft.
What happens if I enter RAIFCH22970 with a typo?
The payment may be delayed, returned or charged extra fees. Double-check RAIFCH22970 with the recipient before sending.
How long does it take to send money to Raiffeisen Schweiz Genossenschaft?
Euro transfers within SEPA normally arrive the next business day. Transfers in other currencies can take 1–3 business days.
Do I need RAIFCH22970 for a euro transfer to Switzerland?
Switzerland belongs to the SEPA area. For euro transfers the IBAN normally suffices. For other currencies you do need RAIFCH22970.
Can I use RAIFCH22 instead of RAIFCH22970?
RAIFCH22 points to the main office of Raiffeisen Schweiz Genossenschaft, while RAIFCH22970 points to Raiffeisen Schweiz Genossenschaft. For a normal transfer the head office code is usually fine, yet follow the instructions of the recipient if they mention RAIFCH22970.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.