Raiffeisenbank Ichenhausen EG SWIFT/BIC code

SWIFT/BIC code of Raiffeisenbank Ichenhausen EG

Whether a recipient gives you RAIUDE61 or RAIUDE61XXX, you are looking at the same address for Raiffeisenbank Ichenhausen EG in Germany. Every bank on the SWIFT network uses BIC codes to route payments between countries to the correct institution. In daily life you mostly see it on invoices from abroad, in your banking app and in the bank details that Raiffeisenbank Ichenhausen EG provides.

We wrote this page to help anyone who receives money at an account at Raiffeisenbank Ichenhausen EG without mistakes. The SWIFT code on its own does not identify an individual account holder; that is what the account number or IBAN is for.

Verifying the SWIFT code of Raiffeisenbank Ichenhausen EG

Ask the recipient to copy the bank details directly from their online banking. Compare that code with RAIUDE61 on this page; if they differ, ask before you pay.

Mistakes in the SWIFT code are costly rather than disastrous: often the payment comes back, minus fees. An error in the account number is more serious because it can reach the wrong person, so check that just as carefully.

An automatic check by your bank merely tells you that the code exists, not that it is the right account. Some banks now check the name against the account before you confirm; take any warning seriously. For a first payment, some people send a small amount first and wait for confirmation.

Euro transfers to Raiffeisenbank Ichenhausen EG: is a BIC needed?

Within the SEPA zone, euro payments to an account in Germany use common rules and in most cases need only the IBAN. A field for the BIC is often optional for those payments.

You will still need RAIUDE61XXX when sending non-euro payments or money from outside the SEPA area. A few banks and apps still ask for the BIC; in that case, enter RAIUDE61.

SEPA transfers usually arrive within one business day. Fees for SEPA payments tend to be low.

Protect yourself against fake payment requests

Criminals regularly use fake invoices with changed bank details. The fact that RAIUDE61 exists is no guarantee that the account is genuine; criminals use the codes of real banks too.

Never rely on contact details from the same email that announces the change. Urgency and requests to keep it quiet are warning signs; a genuine business can wait for you to check. When a payment was sent to a fraudster, call your bank right away.

Fraud can also target the receiver: someone sends too much and asks you to refund the difference to a new account. Wait until the money is actually in your account.

What the XXX in RAIUDE61XXX means

A BIC is made up of fixed blocks: the first four letters identify the bank, characters five and six show the country and characters seven and eight indicate the location. In this case, the 8-character core is RAIUDE61.

Most banks and apps accept both lengths. If yours asks for eleven characters, enter RAIUDE61XXX.

In practice the code is typed in capitals, without spaces or dashes. Look out for the letter O and the digit 0 and the letter I and the digit 1; they are easy to mix up.

Tracking a transfer to or from Raiffeisenbank Ichenhausen EG

How quickly a transfer reaches Raiffeisenbank Ichenhausen EG is determined by a few things: the currency, the number of banks in between, daily processing deadlines and differences in time zone. Transfers sent after the cut-off time or on a weekend or public holiday usually go out a business day later. Sometimes a bank wants to know about the purpose of a payment.

A growing number of banks use SWIFT gpi, which lets them follow a payment from bank to bank. Each payment carries a unique reference, the UETR, which your bank can use to see where the money is. Money transfer services often provide a status online so you can see how far the payment is.

The bank that sent the money is able to start an official trace or a recall; the receiving side usually has nothing to trace yet. Request from the sender a copy of the payment confirmation.

Which of the 2 codes of Raiffeisenbank Ichenhausen EG do you need?

With 2 codes in 2 cities, Raiffeisenbank Ichenhausen EG belongs to the banks that use individual codes for branches and departments. The head office code remains RAIUDE61XXX.

Usually there is no need to pick a branch: transfers sent to RAIUDE61XXX are routed within Raiffeisenbank Ichenhausen EG without problems. Branch codes are only needed when the account holder explicitly mentions it, which is more common for business accounts and trade services.

If you are not sure, check with the recipient which code their bank gave them. Branch codes are sometimes changed or retired over time, so do not rely on old paperwork.

Getting paid from abroad into a Raiffeisenbank Ichenhausen EG account

For a transfer from abroad at Raiffeisenbank Ichenhausen EG, the sender needs not just the BIC. What they need is: your name, IBAN or account number, RAIUDE61XXX and, for some countries, your home address.

Certain sending banks also ask for the address of Raiffeisenbank Ichenhausen EG in Kammeltal. A typo in your account number is harder to fix than you might think; copy them from your banking app rather than typing.

An incoming payment will not always arrive for the full amount. Fees for incoming transfers differ per bank. Agree with the sender who covers the fees before the money is sent.

The Euro and what conversion costs you

The currency of Germany is the Euro (EUR). A payment in a foreign currency is exchanged into EUR before it reaches the account, and whoever converts it chooses the rate. You rarely see a separate charge for the conversion.

Where the conversion happens affects the final amount, since every bank sets its own rate. Check what EUR the recipient gets with several providers; the difference between options can be larger than you expect.

The EUR rate fluctuates throughout the day. With bigger transfers, even seemingly small gap in the rate adds up quickly.

A note on our data

We gather bank codes using public sources and update them from time to time. Institutions reorganise, close branches and change codes – a directory can be a step behind. Figures such as the number of codes come from our directory and are not confirmed by Raiffeisenbank Ichenhausen EG.

For any payment that matters, check the BIC with Raiffeisenbank Ichenhausen EG or with the recipient. GoldexPay is independent of Raiffeisenbank Ichenhausen EG, we only compare transfer services. Found outdated information? Tell us through the contact page and we will look into it.

Sending money abroad from Raiffeisenbank Ichenhausen EG

The price of an international transfer is made up of more than one component – not just the fee on your screen. You pay the transfer fee, sometimes charges from correspondent banks in between and, above all, the margin on the exchange rate.

Most of the cost usually sits in the exchange rate, not in the fee: many banks convert using an exchange rate that includes a margin. Check the rate you are offered against the mid-market rate, the midpoint between buy and sell rates you see on financial sites.

Money transfer services often use a rate near the mid-market rate. Before your next transfer, take a minute comparing the total cost on GoldexPay rather than accepting the bank’s rate by default. Choosing a specialist does not mean closing your account at Raiffeisenbank Ichenhausen EG – you pay the provider from your own account.