Raiffeisenbank Am Rothsee EG SWIFT/BIC code

SWIFT/BIC code of Raiffeisenbank Am Rothsee EG

RARODE71 and RARODE71XXX are two ways of writing the same SWIFT/BIC code, and both point to Raiffeisenbank Am Rothsee EG in Allersberg. Banks worldwide use BIC codes to route international transfers to the right institution. In practice you mostly come across it on invoices from abroad, in payment forms and on the account details of Raiffeisenbank Am Rothsee EG customers.

We wrote this page to help people who pays into an account at Raiffeisenbank Am Rothsee EG and wants to get the details right. Keep in mind that the BIC just identifies the bank, not the account: the IBAN or account number takes care of that.

Choosing between the 2 SWIFT codes of Raiffeisenbank Am Rothsee EG

Raiffeisenbank Am Rothsee EG has 2 different SWIFT/BIC codes. Only one is the head office code, RARODE71XXX; the others belong to branches or departments.

In most cases you do not need to look up a branch: transfers addressed to RARODE71XXX are routed within Raiffeisenbank Am Rothsee EG without problems. A branch code only makes sense when the account holder specifically asks for it.

If you are not sure, check with the recipient for the exact BIC in their bank details. Branch codes are sometimes changed or retired when banks reorganise.

How to check RARODE71 before you pay

The best place to find the right code is a document from the bank itself, such as a statement or the account details in online banking. If the code you have differs from RARODE71 or RARODE71XXX, stop and ask – contact the recipient or Raiffeisenbank Am Rothsee EG.

A wrong SWIFT code can cause delays, a payment being sent back or extra fees along the way. Remember the account number: a mistake there is more difficult to undo than a wrong code.

An automatic check in your banking app merely tells you that the code exists. If your bank offers it, a name check on the recipient gives an extra layer of safety. For a first payment, many people start with a small test amount.

The Euro and what conversion costs you

The currency in Germany is the Euro (EUR). If you send another currency it has to be converted somewhere along the way. Every conversion costs something, even when no fee is shown.

Who converts the money makes a difference, because each party uses its own rate. Check what EUR arrives via several providers before choosing one.

Exchange rates change all the time – some services let you fix a rate in advance. If you pay regularly, a slightly better rate make a real difference over time.

What a transfer from Raiffeisenbank Am Rothsee EG abroad really costs

What you pay for an international transfer has more than one component, and the transfer fee is only the most visible one. On top of the transfer fee, correspondent or intermediary banks may take a cut, and when currencies are converted, the bank usually applies a rate below the real market rate.

The markup on the rate is often the largest cost. Compare their rate against the mid-market rate. The difference is your real conversion cost.

For a lot of currency pairs, a specialist provider is cheaper than a bank – mostly thanks to the rate. Before your next transfer, take a minute comparing the total cost on GoldexPay. You can still use your account at Raiffeisenbank Am Rothsee EG to fund the transfer, while a cheaper service handles the conversion.

Paying Raiffeisenbank Am Rothsee EG in euros within SEPA

Within the SEPA zone, euro transfers to Raiffeisenbank Am Rothsee EG use the same rules. A field for the BIC is usually optional or missing in that case.

The BIC does come into play when the currency is not euros, and for transfers from outside SEPA. Some banks and apps still ask for the BIC out of habit; in that case, enter RARODE71 or RARODE71XXX.

Euro payments within SEPA normally land by the next business day. Provided no currency is converted, the transfer tends to be inexpensive; it is the conversion that costs money.

Incoming international payments to Raiffeisenbank Am Rothsee EG

For an international payment into your account at Raiffeisenbank Am Rothsee EG, the sender has to have not just the SWIFT code. Give them the account holder’s name, the IBAN or account number, the BIC RARODE71XXX and your address, which some banks require.

Some sending banks want the bank’s address; it does no harm to include it. Double-check every detail before you share them, because the sender’s bank usually copies them as is.

Money from abroad will not always land for the full amount. Charges on incoming payments vary from bank to bank. On invoices, you can agree who bears the costs to avoid a shortfall.

8 or 11 characters: RARODE71 versus RARODE71XXX

A BIC is made up of fixed blocks: the first four letters stand for the bank, the next two give the country and characters seven and eight indicate the location. Together, these eight characters make up RARODE71, the code most people search for.

Many banks and apps accept both lengths. If a form asks for eleven characters, enter RARODE71XXX.

As a rule the code is typed in capitals and without spaces. Look out for the letter O and the digit 0 and the letter I and the digit 1; they are easy to mix up.

About this information

We gather SWIFT/BIC codes from publicly available data and update our list from time to time. Still, banks merge, rename themselves or change codes, so information can be out of date. The number of codes we show are based on what is in our directory, not official figures from Raiffeisenbank Am Rothsee EG.

For any payment that matters, check the BIC with Raiffeisenbank Am Rothsee EG or the recipient. GoldexPay is a comparison service for money transfers and not part of Raiffeisenbank Am Rothsee EG. If you notice something that is out of date, we appreciate a short note via the contact page.

Scams that use SWIFT codes

A common scam goes like this: you receive a message saying that a company has new bank details and that the next payment should go there. The fact that RARODE71 exists does not mean that the account is genuine; criminals use the codes of real banks too.

Do not rely on contact details from the same email that contains the new account. Be suspicious of time pressure, odd spelling or an email address that differs by one letter. If a payment has already gone to a fraudster, contact your bank immediately.

Scams also target the receiver. Someone claims to have sent more than agreed and wants you to refund the difference. A screenshot of a transfer is no proof; only your own account shows what has arrived.

When will the money arrive at Raiffeisenbank Am Rothsee EG?

There is no single delivery time: some land within a day. Bank holidays in either country add extra days, since banks do not process on those days. Sometimes a bank wants to know what the payment is for before releasing it.

Many banks are connected to SWIFT gpi for faster and traceable payments. Every gpi transfer carries a unique transaction reference, the UETR, which your bank can use to see where the money is. Specialist transfer services often provide a status online so you can see how far the payment has got.

A delayed transfer has to be investigated from the sending side on the basis of the transfer details. Ask the sender for the payment receipt including the reference.