Raiffeisenbank Region Schwanenstadt SWIFT/BIC code

Raiffeisenbank Region Schwanenstadt SWIFT code: RZOOAT2L

RZOOAT2L and RZOOAT2L400 are the short and the long form of the same SWIFT/BIC code, and both lead to Raiffeisenbank Region Schwanenstadt in Schwanenstadt. A BIC has a single purpose: it ensures that an international payment ends up at the right bank. In practice you mostly see it on invoices from abroad, in your banking app and on the account details of Raiffeisenbank Region Schwanenstadt customers.

We wrote this page to help people who sends money to an account at Raiffeisenbank Region Schwanenstadt without mistakes. Keep in mind that the SWIFT code just identifies the bank, not the person: the account number or IBAN takes care of that.

Where our SWIFT data comes from

This directory draws on public sources. Even so, banks merge, rename themselves or retire codes. Figures such as the number of codes come from our directory and are not confirmed by Raiffeisenbank Region Schwanenstadt.

Treat this page as a reference, rather than as the last word – the bank details from the recipient are leading. GoldexPay has no connection to Raiffeisenbank Region Schwanenstadt; we are a comparison site for money transfers. Should you notice something that is out of date, we appreciate a short note.

International transfers from Raiffeisenbank Region Schwanenstadt: the real cost

The price of a payment abroad has several parts. Besides a fixed fee, banks in between can take a cut, and if the money changes currency the bank usually uses a rate below the actual market rate.

Most of the cost usually sits in the exchange rate, not in the fee: many banks convert using an exchange rate with a margin built in. A simple test: set the rate you get against the mid-market rate for the same moment and work out the difference on your amount.

For a lot of routes, a transfer service is less expensive than a traditional bank transfer – mostly thanks to the rate. GoldexPay compares transfer providers side by side, showing what actually arrives. You can still use your account at Raiffeisenbank Region Schwanenstadt.

Sending EUR to Raiffeisenbank Region Schwanenstadt

Most accounts at Raiffeisenbank Region Schwanenstadt are usually held in EUR, the national currency. A payment in a foreign currency is converted into EUR on its way to Raiffeisenbank Region Schwanenstadt, and whoever converts it chooses the rate. Each conversion eats into the amount.

Who does the conversion has an effect on how much arrives. Transferring the money already in EUR usually prevents a second conversion – as long as your own rate is good.

The rate for EUR changes throughout the day, so the amount you see is usually only valid for a short time. With bigger transfers, even small difference in the rate can be worth more than the fee.

RZOOAT2L or RZOOAT2L400 – which one to use?

The layout of every SWIFT code is always the same: four characters for the institution, a two-letter country code and a two-character location code. In this case, the 8-character core is RZOOAT2L.

The full version has three more characters for a branch or department. If the last three are XXX, they simply mean the head office, which is why RZOOAT2L400 and RZOOAT2L lead to the same place.

Enter the code in one piece, in upper case and without separators. A single character can send the money to a different institution.

SEPA payments and the Raiffeisenbank Region Schwanenstadt BIC

Since Austria is part of the SEPA zone, a euro transfer into Raiffeisenbank Region Schwanenstadt from within the SEPA area normally only needs an IBAN. Many banks no longer ask for the BIC in that case or fill it in for you.

A SWIFT code like RZOOAT2L does come into play when the currency is not euros and when the money comes from outside SEPA. A few forms also ask for the BIC; if so, enter RZOOAT2L or RZOOAT2L400.

Euro payments within SEPA normally land within one business day; instant payments are faster if both banks offer them. As long as no currency is converted, a SEPA transfer tends to be inexpensive.

Receiving money from abroad at Raiffeisenbank Region Schwanenstadt

If you expect money from abroad, send the payer everything they need in one go. What they need is: the account holder’s name, account number or IBAN, RZOOAT2L400 and in many cases your home address.

It helps to include Raiffeisenbank Region Schwanenstadt and its city too. A mistake in your account number can be harder to fix than you might think.

What lands in your account can be lower than what was sent. Charges on incoming payments vary from bank to bank; check the price list of Raiffeisenbank Region Schwanenstadt. On invoices, it is common to agree how the fees are split, so that nobody is left short.

Head office or branch code at Raiffeisenbank Region Schwanenstadt?

Raiffeisenbank Region Schwanenstadt uses 2 separate SWIFT/BIC codes across 1 locations. Only one is the head office code; the rest identify branches.

In most cases you do not need to look up a branch: transfers addressed to RZOOAT2L400 are routed within Raiffeisenbank Region Schwanenstadt without problems. Branch codes are only needed when the recipient’s bank specifically asks for it.

Not sure which code applies? Check with the recipient or the bank itself. Codes can change over time, so do not rely on old paperwork.

Watch out for payment fraud

Be wary if someone unexpectedly asks you to send money to another account abroad. The fact that RZOOAT2L exists is no guarantee that a request mentioning it is genuine; criminals use the codes of real banks too.

Check new bank details through a different channel, such as a phone number you already know. Watch out for urgent requests, odd spelling or an email address that differs by one letter. Acted too fast? Call the bank you paid from without delay and ask them to try to recall the payment and report the fraud.

Scams also target the receiver: someone claims to have sent too much and asks you to refund the difference via a different route. Wait until the money has really arrived.

Is RZOOAT2L still correct? How to check

Ask the recipient to copy the account details directly from their banking app. If the code you have differs from RZOOAT2L or RZOOAT2L400, do not guess – contact the recipient or Raiffeisenbank Region Schwanenstadt.

Mistakes in the SWIFT code are costly rather than fatal. An error in the account number can be a bigger problem.

An automatic check by your bank merely confirms that the IBAN exists. Where available, a name check on the recipient adds an extra layer of safety. Sending a small amount first is a sensible step for a large first payment despite the extra fee.

Tracking a transfer to or from Raiffeisenbank Region Schwanenstadt

There is no single delivery time for every transfer: some arrive the same day or the next while others need several business days. Weekends and public holidays in the sending or receiving country can add a day or more, since banks do not process on those days. Occasionally a bank wants to know what the payment is for.

Many banks are connected to SWIFT gpi. Each payment carries a unique transaction reference, the UETR, which your bank can use to see where the money is. Money transfer services often provide tracking online so you can see where the money has got.

A delayed transfer has to be traced by the sending bank, using the payment confirmation. On the receiving end, it helps to check your account for a partial amount.