Raiffeisenlandesbank Burgenland und Revisionsverband Egen SWIFT/BIC code

What RLBBAT2E means for a payment to Raiffeisenlandesbank Burgenland und Revisionsverband Egen

The 8-character code RLBBAT2E and the full code RLBBAT2EXXX identify one and the same institution: Raiffeisenlandesbank Burgenland und Revisionsverband Egen, with its head office in Eisenstadt. A BIC has a single purpose: it makes sure that money from abroad ends up at the right bank. In practice you usually come across the code on invoices from abroad, in your banking app and in the bank details of Raiffeisenlandesbank Burgenland und Revisionsverband Egen customers.

Below you will find the practical questions: money coming in from abroad, sending money abroad and how to check a SWIFT code before you confirm a payment. Remember that the SWIFT code just identifies the bank, not the account: the IBAN or account number takes care of that.

Euro transfers to Raiffeisenlandesbank Burgenland und Revisionsverband Egen: is a BIC needed?

Austria is part of the Single Euro Payments Area (SEPA), where euro transfers follow common rules. When you send euros from another SEPA country, you normally only need the IBAN.

You will still need RLBBAT2EXXX for non-euro payments or transfers from countries outside SEPA. If a payment form asks for the BIC anyway, adding RLBBAT2E does no harm.

Euro payments within SEPA normally land within one business day; instant payments are faster if both banks offer them. Charges on SEPA transfers are generally low, as long as no currency conversion is involved.

When will the money arrive at Raiffeisenlandesbank Burgenland und Revisionsverband Egen?

An international transfer typically takes anywhere from one to several business days, depending on the currency, the route and the banks involved. Bank holidays in the sending or receiving country add a day or more, since banks do not process on those days. Occasionally a bank asks about the purpose of a payment.

A growing number of banks are connected to SWIFT gpi. Every gpi transfer gets a unique transaction reference, the UETR. Specialist transfer services usually show a status online showing where the payment is.

If a payment has not arrived after a few business days, the sender should contact their own bank rather than Raiffeisenlandesbank Burgenland und Revisionsverband Egen. Ask the sender for the payment receipt with the date and reference – it helps your own bank look for the money.

Where our SWIFT data comes from

We collect bank codes using publicly available data and update our list from time to time. It is possible that information here is out of date after a merger or reorganisation. Counts and locations come from our directory.

Before any payment that matters, always confirm the BIC with Raiffeisenlandesbank Burgenland und Revisionsverband Egen or the recipient. GoldexPay is not affiliated with Raiffeisenlandesbank Burgenland und Revisionsverband Egen, we only compare transfer services. If you notice a mistake, we welcome a short note.

What a transfer from Raiffeisenlandesbank Burgenland und Revisionsverband Egen abroad really costs

If you send money to another country from Raiffeisenlandesbank Burgenland und Revisionsverband Egen, the fee you see is only part of the cost. You pay the transfer fee, sometimes charges from correspondent banks in between and, above all, the margin on the exchange rate.

Banks rarely list their exchange rate markup as a cost. Compare their rate with the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

Money transfer services often offer rates closer to the mid-market rate with clearer fees. On GoldexPay you can compare the amount that arrives across services, so you can pick the cheapest route. You can always use your account at Raiffeisenlandesbank Burgenland und Revisionsverband Egen; only the conversion and sending happen elsewhere.

Paying into Raiffeisenlandesbank Burgenland und Revisionsverband Egen in EUR

Austria uses the Euro. If you send money in a different currency gets converted at some point – by your bank, by Raiffeisenlandesbank Burgenland und Revisionsverband Egen or by a bank in between. There is rarely a separate charge for that conversion; it is built into the rate.

Where the conversion happens affects how much arrives. Often it is cheaper if you send EUR straight away via a transfer service that converts near the mid-market rate rather than letting the receiving bank convert.

Rates for EUR change all the time – some services let you fix a rate in advance. If you pay regularly, small differences in the rate add up over time.

RLBBAT2E or RLBBAT2EXXX – which one to use?

The layout of a BIC never changes: a bank code of four letters, a two-letter country code and two for the location, plus an optional branch code. Combined, these eight characters make up RLBBAT2E – the version you usually see online.

XXX at the end of RLBBAT2EXXX does not stand for a missing value or an error: it stands for the main office of Raiffeisenlandesbank Burgenland und Revisionsverband Egen. Some forms ask for 11 characters, and then you simply add XXX behind RLBBAT2E.

Do not add spaces when you type RLBBAT2E; the code is always written in one block. A single character can send the money to another bank.

Getting paid from abroad into a Raiffeisenlandesbank Burgenland und Revisionsverband Egen account

When you expect a payment from another country, give the sender a complete set of details. Give them the account holder’s name, the IBAN or account number, the BIC RLBBAT2EXXX and your address.

It helps to include Raiffeisenlandesbank Burgenland und Revisionsverband Egen and its city too, because some payment forms have separate fields for them. A typo in your account number can be more trouble than it looks, so copy the details from your online banking.

Expect that the incoming amount is smaller than the amount on the sender’s receipt. Correspondent banks can take a fee, and if the money is converted, an exchange rate margin applies. Agree with the sender who pays which costs before the money is sent.

Choosing between the 2 SWIFT codes of Raiffeisenlandesbank Burgenland und Revisionsverband Egen

Raiffeisenlandesbank Burgenland und Revisionsverband Egen has 2 separate SWIFT/BIC codes. Only one is the head office code, RLBBAT2EXXX; the rest belong to branches or departments.

For most payments to a private or business account, the head office code RLBBAT2EXXX is the right choice. Branch codes are only needed if the recipient’s bank explicitly asks for it.

Not sure which code to use? Check with the recipient, or look at a recent statement from Raiffeisenlandesbank Burgenland und Revisionsverband Egen. Codes for branches are more likely to be retired than RLBBAT2EXXX when a bank merges or closes offices.

Changed bank details? Be careful

Be wary when someone unexpectedly wants you to pay into a different account abroad. A valid SWIFT code tells you nothing about who owns the account: scammers use real codes of real banks.

Never rely on a phone number from the same email that announces the change. Watch out for time pressure, unusual wording or an email address that differs by one letter. Already paid? Call your bank straight away and have them start a recall and report the fraud.

Scams also work the other way: someone sends more than agreed and asks you to return the difference via a different route. Wait until the money has really arrived and check with Raiffeisenlandesbank Burgenland und Revisionsverband Egen if anything seems off.

Before you send: check the Raiffeisenlandesbank Burgenland und Revisionsverband Egen code

The best place to find the correct BIC is a document from the bank itself. When the code you were given does not match RLBBAT2E or RLBBAT2EXXX, stop and ask – contact the recipient or Raiffeisenlandesbank Burgenland und Revisionsverband Egen.

Mistakes in the SWIFT code tend to be annoying rather than disastrous – usually the money comes back, minus fees and time lost. A mistake in the IBAN or account number is more serious, because the money may be credited to someone else.

An automatic check by your bank only confirms that the IBAN exists. Some banks now compare the name with the account – do not ignore a mismatch warning. A small test payment is worth it for a large first payment, even if it costs an extra fee.