Raiffeisenlandesbank Oberoesterreich Aktiengesellschaft SWIFT/BIC code

RZOOAT2L – the SWIFT/BIC code of Raiffeisenlandesbank Oberoesterreich Aktiengesellschaft

The 8-character code RZOOAT2L and the 11-character code RZOOAT2LXXX identify one and the same institution: Raiffeisenlandesbank Oberoesterreich Aktiengesellschaft, with its head office in Linz. The code has a single purpose: it ensures that money from abroad ends up at the right bank. In practice you usually come across it on international invoices, in payment forms and on the account details of Raiffeisenlandesbank Oberoesterreich Aktiengesellschaft customers.

On this page you will find how the code is put together, when you need it and which other details a transfer to or from Raiffeisenlandesbank Oberoesterreich Aktiengesellschaft requires. Remember that the SWIFT code just identifies the bank, not the person: the IBAN or account number does that part.

Is RZOOAT2L still correct? How to check

The safest source for a SWIFT code is the bank details provided by the recipient – an invoice, a statement or a screenshot from online banking. Check it with RZOOAT2L on this page and ask if anything does not match.

Mistakes in the SWIFT code tend to be annoying rather than fatal: often the payment comes back, minus fees. A mistake in the IBAN or account number can be more serious because it can reach the wrong person; check it just as carefully.

Most online banking apps check the format of an IBAN and sometimes look up the BIC automatically. Where available, a name check on the recipient adds an extra layer of safety. When you pay someone new, some people send a small amount first before sending the rest.

Which of the 4 codes of Raiffeisenlandesbank Oberoesterreich Aktiengesellschaft do you need?

Having 4 codes, Raiffeisenlandesbank Oberoesterreich Aktiengesellschaft belongs to the banks that use individual codes for parts of the organisation. The head office code remains RZOOAT2LXXX.

Unless the recipient tells you otherwise, go with RZOOAT2LXXX or its short form RZOOAT2L. Just use a branch code when your contact explicitly asks for it, for example on an invoice or in their bank details.

Unsure which code to use? Check with the recipient or the bank itself. Branch codes are sometimes changed or retired over time, so a code from an old document is not always valid.

How up to date is this code?

We gather bank codes using public sources and check our list from time to time. Banks merge, close branches and retire codes, and a directory never catches every change immediately. Counts and locations are from our directory and are not confirmed by Raiffeisenlandesbank Oberoesterreich Aktiengesellschaft.

Treat the information here as a helpful check. GoldexPay has no connection to Raiffeisenlandesbank Oberoesterreich Aktiengesellschaft, we only compare transfer services. Should you notice a mistake, we appreciate a message via the contact page.

Sending EUR to Raiffeisenlandesbank Oberoesterreich Aktiengesellschaft

Accounts at Raiffeisenlandesbank Oberoesterreich Aktiengesellschaft are usually held in EUR, the local currency. If you send money in a different currency, the amount has to be converted somewhere along the way: by your bank, an intermediary or Raiffeisenlandesbank Oberoesterreich Aktiengesellschaft itself. There is rarely a separate charge for the conversion.

Which bank converts the payment makes a difference, because each party uses its own rate. Transferring the money already in EUR usually avoids an extra conversion by Raiffeisenlandesbank Oberoesterreich Aktiengesellschaft – as long as your own rate is good.

The EUR rate changes constantly, so the amount you see is usually only valid for a short time. For recurring payments, a slightly better rate add up over time.

International transfers from Raiffeisenlandesbank Oberoesterreich Aktiengesellschaft: the real cost

What you pay for an international transfer has more than one component – not just the fee on your screen. Besides a fixed fee, correspondent or intermediary banks can take a cut, and if currencies are converted the bank usually uses a rate that is less favourable than the real market rate.

The markup on the rate is often the biggest cost, and it is easy to miss. An easy check: put the rate you get against the mid-market rate for the same moment and look at the difference.

Specialist money transfer services often use rates closer to the mid-market rate and lower fees. GoldexPay compares transfer providers side by side, showing the amount the recipient gets before you commit. Choosing a specialist does not mean closing your account at Raiffeisenlandesbank Oberoesterreich Aktiengesellschaft.

SEPA payments and the Raiffeisenlandesbank Oberoesterreich Aktiengesellschaft BIC

Austria is part of the SEPA area. For a regular euro transfer within SEPA, the IBAN is usually enough and the BIC is often filled in automatically.

You still need RZOOAT2LXXX when sending non-euro payments or money from outside the SEPA area. If your banking app has a field for the BIC anyway, entering RZOOAT2L does no harm.

Euro payments within SEPA usually arrive within one business day, and instant transfers in seconds where both banks support them. As long as no currency is converted, a SEPA transfer is inexpensive; it is the conversion that costs money.

Scams that use SWIFT codes

Criminals regularly send fake invoices with changed bank details. The fact that RZOOAT2L exists does not mean that a request mentioning it is legitimate; criminals use the codes of real banks too.

Verify changed bank details via a separate channel, never via the email that asked for the change. Watch out for urgent requests, odd spelling or a sender address that is slightly off. If money has already gone to the wrong account, call your bank right away: the sooner they act, the better the chance of a recall.

People receiving money are targeted too: one known trick is an overpayment and then sends a request to refund the difference abroad. A payment confirmation from the sender proves nothing – check your own account.

Incoming international payments to Raiffeisenlandesbank Oberoesterreich Aktiengesellschaft

Someone abroad who wants to pay you will ask for several details about your account, and missing ones are a common cause of delays. In practice that means: your full name as registered with Raiffeisenlandesbank Oberoesterreich Aktiengesellschaft, your account number or IBAN, the BIC RZOOAT2LXXX and sometimes your postal address.

Their bank may request the address of your bank. A mistake in your account number can be harder to fix than it looks; copy them from your banking app rather than typing.

The amount you receive can be less than what was sent. Correspondent banks can take a fee and your own bank may charge for processing, and when currencies differ, an exchange rate margin comes on top. Agree with the sender who covers the fees, especially for larger amounts.

Tracking a transfer to or from Raiffeisenlandesbank Oberoesterreich Aktiengesellschaft

There is no single delivery time for every transfer: many land within a day while others need several business days. Weekends and public holidays in either country add a day or more. Sometimes a bank wants to know what the payment is for before releasing it.

A growing number of banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Every gpi transfer carries a unique transaction reference, the UETR that banks can use to trace it. Specialist transfer services often show a status online showing how far the money has got.

A missing payment is investigated by the sending bank. As a recipient, you can look at your statements to see a partial amount, since fees may have been deducted.

8 or 11 characters: RZOOAT2L versus RZOOAT2LXXX

A SWIFT code is built from fixed blocks: the first four letters stand for the bank, characters five and six give the country and characters seven and eight indicate the location. For Raiffeisenlandesbank Oberoesterreich Aktiengesellschaft, the 8-character core is RZOOAT2L.

XXX at the end of RZOOAT2LXXX is not a missing value or an error: it indicates the main office of Raiffeisenlandesbank Oberoesterreich Aktiengesellschaft. Some forms insist on 11 characters, in which case you simply add XXX behind RZOOAT2L.

Type the code in one piece, in capitals and without separators, exactly as shown here. A wrong character can send a payment to another bank, so check it twice.