Raiffeisen-Volksbank Ries EG SWIFT/BIC code

SWIFT/BIC code of Raiffeisen-Volksbank Ries EG

RARSDE71 and RARSDE71XXX are two ways of writing the same SWIFT/BIC code, and both lead to Raiffeisen-Volksbank Ries EG in Oettingen. The code has a single purpose: it makes sure that a cross-border transfer ends up at the right bank. In practice you mostly come across the code on international invoices, in your banking app and on the account details that Raiffeisen-Volksbank Ries EG provides.

We wrote this page to help people who pays into an account at Raiffeisen-Volksbank Ries EG without mistakes. A SWIFT code names an institution, not a single account; the IBAN or account number does that.

Do you need RARSDE71 for a SEPA transfer?

Since Germany is part of the SEPA zone, a euro transfer into Raiffeisen-Volksbank Ries EG from another SEPA country normally only needs the IBAN. Most banking apps no longer ask for the BIC for these payments.

The BIC does come into play when the currency is not euros, and for transfers from outside SEPA. If your banking app has a field for the BIC regardless, adding RARSDE71 is fine.

Instant euro transfers have become widely supported within SEPA – whether Raiffeisen-Volksbank Ries EG offers them for your account is worth checking. As long as the payment stays in euros, a SEPA transfer tends to be inexpensive; it is the conversion that costs money.

Euro (EUR) and conversion costs

The national currency of Germany is the Euro (EUR). If you send money in a different currency it has to be converted at some point: by your bank, an intermediary or Raiffeisen-Volksbank Ries EG itself. You rarely see a separate charge for the conversion; it is built into the rate.

Which bank converts the money makes a difference, because each party uses its own rate. Check how much EUR arrives with different services before choosing one.

Rates for EUR move all the time, and some providers let you lock in a rate. If you pay regularly, a slightly better rate add up over time.

How to check RARSDE71 before you pay

The most reliable place for the right code remains a document from the bank itself like a bank statement or the account page in online banking. Compare that code with RARSDE71 on this page.

Errors in the SWIFT code tend to be annoying rather than disastrous – usually the money comes back, minus fees and time lost. Remember the IBAN: a mistake there can be more difficult to correct than a wrong code.

Many banking apps check the format of an IBAN and some suggest the matching BIC, but that does not prove the account belongs to the right person. If your bank offers it, a name check on the recipient adds extra certainty. When you pay someone new, some people send a small amount first before sending the rest.

Where our SWIFT data comes from

Our SWIFT/BIC directory is based on publicly available sources. Banks merge, change names and retire codes, and a directory never catches every change immediately. The figures we show reflect our own data and not on information from Raiffeisen-Volksbank Ries EG itself.

Treat our data as a reference, not as the last word – the bank details from the recipient are leading. GoldexPay is independent of Raiffeisen-Volksbank Ries EG, we only compare transfer services. Spotted an error? Tell us through the contact page and we will look into it.

Head office or branch code at Raiffeisen-Volksbank Ries EG?

With 3 codes, Raiffeisen-Volksbank Ries EG belongs to the banks that register separate codes for parts of the organisation and departments. The head office code is RARSDE71XXX.

For most payments to a private or business account, the head office code RARSDE71XXX works fine. Only use a branch code when the account holder gives you that exact code, for example on a letter or invoice.

When in doubt, check with the recipient which code their bank gave them. Codes for branches are more prone to be retired than the head office code.

Getting paid from abroad into a Raiffeisen-Volksbank Ries EG account

To receive a transfer from abroad into your account at Raiffeisen-Volksbank Ries EG, the person paying you needs more than the BIC. That means: your name exactly as it appears on the account, your account number or IBAN, the BIC RARSDE71XXX (or RARSDE71) and usually your postal address.

Their bank may request the bank address of Raiffeisen-Volksbank Ries EG. A mistake in the IBAN is more trouble than it looks; copy them from your banking app rather than typing.

Money from abroad will not always land in full. Charges on incoming payments vary from bank to bank. Make clear with the sender who covers the fees before the money is sent.

Sending money abroad from Raiffeisen-Volksbank Ries EG

The price of a payment abroad has several parts, and the transfer fee is only the most visible one. On top of a fixed fee, correspondent or intermediary banks may take a cut, and if the money changes currency the bank usually uses a rate below the actual market rate.

The real cost is often in the rate, rather than in the fee: many banks convert at a rate that includes a margin. A simple test: set the rate you get against the mid-market rate and work out the difference on your amount.

Specialised transfer providers often offer rates closer to the mid-market rate with clearer fees. On GoldexPay we compare what recipients receive with different services, which makes the cheapest option easy to spot. Using a transfer service does not mean leaving Raiffeisen-Volksbank Ries EG – you pay the provider from your own account.

Protect yourself against fake payment requests

One of the most common tricks goes like this: an email arrives with a message saying that a contact has a new bank account and asking you to pay there from now on. A real SWIFT code tells you nothing about who owns the account.

Always verify changed bank details through a phone call. Watch out for urgent requests, unusual wording or an email address that differs by one letter. Acted too fast? Contact your bank straight away and ask them to start a recall.

People receiving money are targeted too: a classic trick is an overpayment and then sends a request to refund the difference abroad. A screenshot of a transfer is no proof; only your own account shows what has arrived.

What the XXX in RARSDE71XXX means

The layout of a BIC is always the same: four characters for the institution, two for the country and a two-character location code, plus an optional branch code. That gives you RARSDE71 for Raiffeisen-Volksbank Ries EG.

Most payment forms accept both lengths. If yours asks for eleven characters, use RARSDE71XXX.

Do not add spaces when you type RARSDE71; the code is always written in one block. Look out for the letter O and the digit 0 or the letter I and the digit 1, a common source of typos.

Transfer times and tracking a payment to Raiffeisen-Volksbank Ries EG

How quickly a payment arrives at Raiffeisen-Volksbank Ries EG depends on several factors: which currency you send, the number of banks in between, daily processing deadlines and differences in time zone. Bank holidays in either country add a day or more to the journey. Occasionally a bank wants to know what the payment is for before releasing it.

When a payment takes longer than expected, contact the sending bank for the status. Money transfer services usually show a status online so you can see how far the money is.

If the money does not arrive within the expected time, the person who paid should contact the bank that sent it rather than Raiffeisen-Volksbank Ries EG. As a recipient, it helps to check your statements to see a slightly lower amount, since fees may have been deducted.