Volksbank Oberoesterreich AG SWIFT/BIC code

Volksbank Oberoesterreich AG SWIFT code: VBWEAT2W

Whether a recipient gives you VBWEAT2W or VBWEAT2WXXX, you are looking at the same address for Volksbank Oberoesterreich AG in Austria. Every bank on the SWIFT network uses BIC codes to route international transfers to the right bank. You will need it mainly for transfers between countries or a currency.

This page is meant to help anyone who pays into an account at Volksbank Oberoesterreich AG. The SWIFT code alone cannot identify a personal account; that is what the IBAN or account number .

What to give a sender who pays you at Volksbank Oberoesterreich AG

For an international payment at Volksbank Oberoesterreich AG, the person paying you needs more than the SWIFT code. In practice that means: your full name as registered with Volksbank Oberoesterreich AG, your account number or IBAN, the SWIFT/BIC code VBWEAT2WXXX (or VBWEAT2W) and usually your address.

The sender’s bank may request the address of your bank; the head office in Wels is usually fine. A mistake in your account number can be harder to fix than you might think.

The amount you receive can be lower than the amount sent. Intermediary banks may deduct a fee and your own bank may charge for processing, and when currencies differ, an exchange rate margin applies. On invoices, it is common to state how the fees are split.

Choosing between the 3 SWIFT codes of Volksbank Oberoesterreich AG

Having 3 codes in 3 locations, Volksbank Oberoesterreich AG is one of the banks that use separate codes for branches and departments. The main code is VBWEAT2WXXX.

For most payments to a private or business account, the head office code VBWEAT2WXXX works fine. Just use a branch code when your contact explicitly asks for it.

The safest route is to take the code directly from the account holder’s statement. Codes for branches are more prone to change than VBWEAT2WXXX.

Before you send: check the Volksbank Oberoesterreich AG code

The most reliable source for the BIC is the bank details provided by the recipient: an invoice, a bank statement or their online banking. When the code you were given does not match VBWEAT2W or VBWEAT2WXXX, do not guess.

If the code is wrong, the payment may be delayed, bounce back or end up costing more – sometimes after weeks of searching. 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 code exists, not that it is the right account. More and more banks check the payee name with the account before you confirm. For a first payment, many people send a small amount first before sending the rest.

What the XXX in VBWEAT2WXXX means

A SWIFT code is made up of a few fixed parts: characters one to four stand for the bank, the next two give the country and characters seven and eight indicate the location. In this case, the 8-character core is VBWEAT2W.

Most banks and apps work with both lengths. If a form asks for eleven characters, use VBWEAT2WXXX.

Enter the code as one block, in capitals and without spaces, exactly as shown here. Copying the code is safer than retyping it, because one wrong letter changes the bank.

Paying into Volksbank Oberoesterreich AG in EUR

Accounts at Volksbank Oberoesterreich AG are typically held in EUR, the local currency. When you pay money in a different currency, the amount has to be converted at some point: by your bank, an intermediary or Volksbank Oberoesterreich AG itself. Every conversion costs the amount.

Who converts the money matters, because each party uses its own rate. Transferring the money already in EUR usually prevents an extra conversion at the receiving end – as long as your own rate is good.

The EUR rate fluctuates throughout the day, so the amount you see is usually only valid for a short time. With bigger transfers, even small gap in the rate adds up quickly.

Protect yourself against fake payment requests

Stay alert if someone unexpectedly wants you to send money to a different account. That VBWEAT2W is a real code does not mean that a request mentioning it is legitimate; criminals use the codes of real banks too.

Never trust a phone number in the same message that contains the new account. Be suspicious of time pressure, odd spelling or an email address that differs by one letter. Acted too fast? Contact your bank without delay and ask them to try to recall the payment; also report it to the police.

People receiving money are targeted too: a classic trick is an overpayment and then sends a request to refund the difference. Wait until the money is actually in your account.

Euro transfers to Volksbank Oberoesterreich AG: is a BIC needed?

Within the SEPA zone, euro payments to Volksbank Oberoesterreich AG use the same rules, so the IBAN does the job in most cases. The BIC field is usually optional or missing for those payments.

You still need VBWEAT2WXXX for non-euro payments or transfers from countries outside SEPA. If a payment form asks for the BIC anyway, entering VBWEAT2W is fine.

SEPA transfers normally land within one business day; instant payments are faster if both banks offer them. Provided the payment stays in euros, a SEPA transfer is cheap; it is the conversion that costs money.

What a transfer from Volksbank Oberoesterreich AG abroad really costs

When you transfer money to another country via Volksbank Oberoesterreich AG, the visible fee is only part of what you pay. There is the fee for the transfer itself, sometimes charges from correspondent banks along the way and, above all, the exchange rate markup.

That exchange rate margin is often the largest item even though it is not listed as a fee. A simple test: put the rate you get next to the mid-market rate and work out the difference on your amount.

For many routes, a transfer service turns out to be less expensive than a traditional bank transfer – mostly thanks to the rate. Next time you send money, take a minute to compare the total cost via GoldexPay. Choosing a specialist does not mean leaving Volksbank Oberoesterreich AG: you simply pay the service from your account.

When will the money arrive at Volksbank Oberoesterreich AG?

How fast a transfer arrives at Volksbank Oberoesterreich AG is determined by a few things: the currency, the number of banks in between, cut-off times and time zones. Bank holidays in either country add a day or more to the journey. Extra checks on larger or unusual payments may also cause some delay, even when all details are correct.

When a payment takes longer than expected, ask your bank for the tracking status. Keep your transfer receipt until the recipient confirms.

If the money does not arrive within the expected time, the person who paid needs to start with their own bank, not the receiving bank. On the receiving end, it helps to check your statements to see a partial amount, since fees may have been deducted.

A note on our data

The directory on GoldexPay draws on public sources and is updated regularly. It can happen that information on this page is no longer current. The number of codes on this page reflect our own data and not on information from Volksbank Oberoesterreich AG itself.

Treat the information on this page as a handy check and rely on the recipient or Volksbank Oberoesterreich AG for the final confirmation. We are a comparison service and not part of Volksbank Oberoesterreich AG. Found outdated information? Tell us through the contact page so we can correct it.