Raiffeisenbank Berg-Bad Steben EG SWIFT/BIC code

What RAEBDE81 means for a payment to Raiffeisenbank Berg-Bad Steben EG

The short code RAEBDE81 and the full code RAEBDE81XXX refer to one and the same institution: Raiffeisenbank Berg-Bad Steben EG. A BIC does one job: it makes sure that money from abroad reaches the right bank. You will need it mainly for payments that cross a border and payments in foreign currencies.

On this page you can read what the code means, when you need it and which other details a transfer to or from Raiffeisenbank Berg-Bad Steben EG requires. The BIC names a bank or branch, never a specific account; the IBAN or account number does that.

International transfers from Raiffeisenbank Berg-Bad Steben EG: the real cost

A bank transfer abroad costs rather more than the fee suggests. Besides a fixed fee, correspondent or intermediary banks can deduct a fee, and if the money changes currency, the bank often applies a rate below the actual market rate.

That exchange rate margin is often the largest cost because it is hidden in the rate. Compare the rate you are offered with the mid-market rate, the midpoint between buy and sell rates you see on financial sites. The difference is your real conversion cost.

For a lot of currency pairs, a specialist provider turns out to be cheaper than a bank – mostly thanks to the rate. GoldexPay lists these services side by side, showing the amount the recipient gets. Using a transfer service does not require leaving Raiffeisenbank Berg-Bad Steben EG: you simply pay the service from your account.

Paying into Raiffeisenbank Berg-Bad Steben EG in EUR

The currency of Germany is the Euro (EUR). If you send another currency it gets converted at some point: by your bank, an intermediary or Raiffeisenbank Berg-Bad Steben EG itself. Each conversion costs the amount, even when no fee is shown.

Who converts the money makes a difference, because each party uses its own rate. Check how much EUR arrives via different providers.

The EUR rate changes constantly and quotes are often valid only for a short time. If you pay regularly, a slightly better rate add up over a year.

Getting paid from abroad into a Raiffeisenbank Berg-Bad Steben EG account

To receive an international payment at Raiffeisenbank Berg-Bad Steben EG, the sender has to have not just the BIC. In practice that means: your full name as registered with Raiffeisenbank Berg-Bad Steben EG, your IBAN or account number, the SWIFT/BIC code RAEBDE81XXX (or RAEBDE81) and usually your postal address.

It helps to include Raiffeisenbank Berg-Bad Steben EG and its city as well, because some payment forms have separate fields for them. Check every detail before you send them – a sender rarely spots a mistake in someone else’s details.

Money from abroad does not always arrive in full. Fees for incoming transfers differ from bank to bank; check the price list of Raiffeisenbank Berg-Bad Steben EG. For business payments, it is common to agree how the fees are split to avoid a shortfall.

Is RAEBDE81 still correct? How to check

The safest source for a SWIFT code is the bank details provided by the recipient: an invoice, a bank statement or their online banking. When the code you were given differs from RAEBDE81 or RAEBDE81XXX, stop and ask: check with the recipient or with Raiffeisenbank Berg-Bad Steben EG directly.

Mistakes in the SWIFT code are annoying rather than disastrous. A mistake in the IBAN or account number can be more serious; check it just as carefully.

A format check by your bank only tells you that the IBAN is valid – not that it belongs to the person you mean to pay. Some banks now compare the payee name with the account before you confirm. For a first payment, many people send a small test amount.

RAEBDE81 or RAEBDE81XXX – which one to use?

The layout of every SWIFT code never changes: a bank code of four letters, a two-letter country code and a two-character location code. For Raiffeisenbank Berg-Bad Steben EG, the 8-character core is RAEBDE81.

The 11-character version has a three-character extension that identify a branch or department. When those three characters are XXX, they simply mean the head office, so RAEBDE81XXX and RAEBDE81 are interchangeable.

Leave out spaces when you enter RAEBDE81; the code is always written in one block. A single character can send a payment to a different institution.

Choosing between the 2 SWIFT codes of Raiffeisenbank Berg-Bad Steben EG

We have 2 SWIFT/BIC codes for Raiffeisenbank Berg-Bad Steben EG, spread over 2 locations. Besides the head office code RAEBDE81XXX, you will find codes for regional offices and specialised units.

Unless the recipient tells you otherwise, use RAEBDE81XXX or its short form RAEBDE81. If you have been given a specific code, stick to it rather than replacing it for the head office code.

The best way is to copy the code directly from the recipient’s statement. Branch codes are sometimes changed or retired when banks reorganise, so a code from an old document is not always valid.

Where our SWIFT data comes from

The details on this page come from publicly available data that we update regularly. It is possible that a code on this page is no longer current after a merger or reorganisation. The figures on this page are based on our own data and not on information from Raiffeisenbank Berg-Bad Steben EG itself.

Use this page as a starting point, not as the final word – the bank details from the recipient are leading. GoldexPay is a comparison service for money transfers and not affiliated with Raiffeisenbank Berg-Bad Steben EG. Found an error? Tell us through the contact page and we will look into it.

Tracking a transfer to or from Raiffeisenbank Berg-Bad Steben EG

There is no fixed answer for international payments: some arrive within a day. Weekends and public holidays in either country add a day or more, since banks do not process on those days. Occasionally a bank asks what the payment is for, which can hold things up.

If the money seems delayed, ask your bank for the tracking status and the transaction reference so they can trace it along the chain. Save your transfer receipt; it contains the details a bank needs to start a trace.

If the money does not arrive after a few business days, the sender needs to contact the bank that sent it rather than Raiffeisenbank Berg-Bad Steben EG. Ask the sender for a copy of the payment confirmation with the date and reference; that often settles the question quickly.

Protect yourself against fake payment requests

One of the most common tricks goes like this: you receive a request claiming that a contact has a new bank account. That RAEBDE81 is a real code does not mean that the account is legitimate.

Always verify a change of bank details by phone on a number you know, not one from the message. Be suspicious of urgent requests, odd spelling or a sender address that is slightly off. If a payment has already gone to a fraudster, contact your bank immediately: the sooner they act, the better the chance of a recall.

Recipients can be targeted as well: a classic trick is a buyer who pays too much and then sends a request to refund the difference. A screenshot of a transfer proves nothing – check your own account.

Euro transfers to Raiffeisenbank Berg-Bad Steben EG: is a BIC needed?

Within the SEPA zone, euro transfers to an account in Germany use the same rules and in most cases need only the IBAN. The BIC field is often optional in that case.

For anything other than euros and from non-SEPA countries, RAEBDE81XXX is still part of the payment details. If your banking app has a field for the BIC anyway, adding RAEBDE81 is fine.

Euro payments within SEPA normally land by the next business day. Provided the payment stays in euros, a SEPA transfer is inexpensive; it is the conversion that costs money.