Raiffeisen Privatbank EG SWIFT/BIC code

RAPRDE51 – the SWIFT/BIC code of Raiffeisen Privatbank EG

Whether a recipient gives you RAPRDE51 or RAPRDE51XXX, you are looking at the same identifier for Raiffeisen Privatbank EG in Germany. The code does one job: it makes sure that a cross-border transfer ends up at the right bank. In daily life you usually come across it on international invoices, in your banking app and in the bank details of Raiffeisen Privatbank EG customers.

On this page you will find how the code is put together, when it matters and which other details you need for a transfer to or from Raiffeisen Privatbank EG. The SWIFT code alone cannot identify an individual account holder; for that you need the account number or IBAN is for.

How to check RAPRDE51 before you pay

The best place to find the right code is a document from the bank itself. Check it against RAPRDE51 here.

Errors in the SWIFT code tend to be costly rather than disastrous: often the payment comes back, minus fees. Do not forget the IBAN: an error there can be harder to undo than a wrong BIC.

Most online banking apps validate the structure of IBANs, but that does not prove the account belongs to the right person. More and more banks compare the payee name against the account before you confirm; take any warning seriously. For a first payment, some people start with a small test amount.

Protect yourself against fake payment requests

Be wary when a contact suddenly asks you to pay into a different account. A valid SWIFT code says nothing about who owns the account – scammers simply use real codes.

Never rely on a phone number in the same message that announces the new account. Watch out for time pressure, unusual wording or a sender address that is slightly off. Acted too fast? Call your bank without delay and ask them to start a recall and report the fraud.

People receiving money are targeted too: a classic trick is an overpayment and then sends a request to refund the difference. Do not act before the money is actually in your account and check with Raiffeisen Privatbank EG if anything seems off.

The Euro and what conversion costs you

Germany uses the Euro. A payment in a foreign currency is converted into EUR before it reaches the account. There is rarely a separate charge for the conversion.

Who does the conversion has an effect on the final amount. Sending the money directly in EUR usually prevents a second conversion.

The rate for EUR changes throughout the day and quotes are often valid only for a short time. If you pay regularly, a slightly better rate make a real difference over time.

Euro transfers to Raiffeisen Privatbank EG: is a BIC needed?

Since Germany is in the SEPA zone, a euro transfer to Raiffeisen Privatbank EG from within the SEPA area normally requires just an IBAN. Many banks no longer ask for the BIC in that case or fill it in for you.

You will still need RAPRDE51XXX when sending payments in other currencies or money from outside the SEPA area. If a payment form has a field for the BIC anyway, adding RAPRDE51 does no harm.

Instant euro transfers are widely supported across SEPA; check with Raiffeisen Privatbank EG whether it applies to your account. Provided the payment stays in euros, the transfer tends to be cheap.

What the XXX in RAPRDE51XXX means

Every SWIFT/BIC code has an 8-character core: four letters for the bank, a two-letter country code and a two-character location code. Together, these eight characters make up RAPRDE51 – the version you usually see online.

Many banks and apps accept either length. If a form requires eleven characters, use RAPRDE51XXX; if it wants eight, use RAPRDE51.

Leave out spaces when you type RAPRDE51. A single letter can send a payment to another bank, so check it twice.

Head office or branch code at Raiffeisen Privatbank EG?

Raiffeisen Privatbank EG uses 2 separate SWIFT/BIC codes. Only one is the head office code; the rest belong to branches or departments, and sometimes specific services.

Unless the recipient tells you otherwise, use RAPRDE51XXX or its short form RAPRDE51. When you receive a specific code, use it as it is instead of swapping it for the head office code.

The best way is to take the code straight from the recipient’s invoice. Branch codes are sometimes changed or retired over time, so a code from an old document is not always valid.

What to give a sender who pays you at Raiffeisen Privatbank EG

When you expect money from abroad, send the payer all details at once. What they need is: your name, account number or IBAN, RAPRDE51XXX and, for some countries, your postal address.

Some sending banks want the name and address of Raiffeisen Privatbank EG in Dielheim. A mistake in your account number can be harder to fix than it looks.

Do not be surprised if the incoming amount is below what the sender paid. Charges on incoming payments differ from bank to bank; check the price list of Raiffeisen Privatbank EG. Agree with the sender who pays which costs before the money is sent.

About this information

The details on this page come from public sources which we refresh regularly. Even so, banks merge, rename themselves or change codes and our data may lag behind. Counts and locations come from our directory and may differ from what Raiffeisen Privatbank EG publishes.

For any payment that matters, confirm the code with the recipient’s bank or with the recipient. We are a comparison site and not affiliated with Raiffeisen Privatbank EG. Found outdated information? Let us know through the contact page.

Paying someone abroad from your Raiffeisen Privatbank EG account

A bank transfer abroad costs rather more than the fee suggests. There is the transfer fee, sometimes charges from correspondent banks in between and, most importantly, the exchange rate markup.

That exchange rate margin tends to be the biggest cost because it is hidden in the rate. A simple test: put the bank’s rate next to the mid-market rate and work out the difference on your amount.

Specialist money transfer services frequently offer a rate near the mid-market rate. Next time you send money, take a minute to compare what arrives via GoldexPay instead of going straight to your bank. Choosing a specialist does not require closing your account at Raiffeisen Privatbank EG – you pay the provider from your own account.

Transfer times and tracking a payment to Raiffeisen Privatbank EG

There is no fixed answer for every transfer: many land within a day, others take several business days. Weekends and public holidays in either country can add extra days, since banks do not process on those days. Compliance checks by one of the banks can also cause a delay, even when all details are correct.

If the money is delayed, contact the sending bank for the status and the transaction reference so they can trace it along the chain. Specialist transfer services often provide a status in their app showing where the money is.

If a payment has not arrived within the expected time, the sender needs to contact their own bank rather than Raiffeisen Privatbank EG. Ask the sender for the payment receipt; that often settles the question quickly.