Raiffeisenbank Kirtorf EG SWIFT/BIC code

SWIFT/BIC code of Raiffeisenbank Kirtorf EG

If an invoice shows RAKODE51 or RAKODE51XXX, it is the same identifier for Raiffeisenbank Kirtorf EG in Germany. Banks worldwide use these codes to route international transfers to the right bank. You will need it mostly for transfers between countries.

We wrote this page to help anyone who receives money at an account at Raiffeisenbank Kirtorf EG. The SWIFT code on its own does not identify an individual account holder; for that you need the IBAN or account number is for.

Receiving money from abroad at Raiffeisenbank Kirtorf EG

Someone abroad who wants to pay you needs several details from you, and missing ones are a common cause of delays. Share your name as the bank knows it, your account number or IBAN, SWIFT code RAKODE51XXX and your address.

The sender’s bank might request the address of your bank; the head office in Romrod is usually fine. Check the details before you send them, because the sender’s bank usually copies them as is.

Money from abroad does not always land in full. Charges on incoming payments differ per bank. For business payments, you can agree who bears the costs.

Transfer times and tracking a payment to Raiffeisenbank Kirtorf EG

How quickly a payment reaches Raiffeisenbank Kirtorf EG depends on several factors: which currency you send, how many intermediary banks are involved, daily processing deadlines and time zones. Weekends and public holidays in either country add a day or more, since banks do not process on those days. Sometimes a bank asks what the payment is for, which can hold things up.

If a transfer seems delayed, ask the sending bank about the tracking status or the UETR so they can trace it along the chain. Keep the payment confirmation until the recipient confirms – you will need it for any trace request.

If the money does not arrive within the expected time, the sender needs to start with their own bank. On the receiving end, you can check your statements for a slightly lower amount because fees can reduce the amount.

Watch out for payment fraud

Be wary if someone unexpectedly asks you to pay into a different account. The fact that RAKODE51 exists is no guarantee that a request mentioning it is legitimate – fraudsters use real bank codes as well.

Never rely on contact details in the same message that contains the new account. Pressure or secrecy tend to be red flags; a genuine business can wait for you to check. When a payment has already gone to the wrong account, call your bank right away – speed improves the chance of getting it back.

Scams can also work the other way. Someone sends too much and wants you to return the extra. Do not act before the money has really arrived and check with Raiffeisenbank Kirtorf EG if anything seems off.

What the XXX in RAKODE51XXX means

A BIC is made up of fixed blocks: characters one to four stand for the bank, characters five and six show the country and the two after that mark the location. Combined, those parts form RAKODE51, the code most people search for.

Many banks and apps accept either length. If yours asks for eleven characters, use RAKODE51XXX, otherwise RAKODE51 is fine.

Enter the code in one piece, in capitals and without separators, exactly as shown here. A wrong letter can send a payment to a different institution, so copy it carefully.

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

Raiffeisenbank Kirtorf EG has 2 different SWIFT/BIC codes. One of them is the head office code, RAKODE51XXX; the others identify branches, and sometimes internal departments.

For the vast majority of payments to a private or business account, the head office code RAKODE51XXX is what you need. Just use a branch code when the account holder gives you that exact code, for example on a letter or invoice.

If you are not sure, ask the person you are paying which code their bank gave them. Codes are sometimes changed or retired when banks reorganise, so a code from an old document is not always valid.

Paying Raiffeisenbank Kirtorf EG in euros within SEPA

Because Germany is in the SEPA zone, a euro payment into Raiffeisenbank Kirtorf EG from within the SEPA area usually only needs the IBAN. Most banking apps no longer ask for the BIC for these payments.

Outside the euro and for senders outside SEPA, RAKODE51XXX is still required. If your banking app has a field for the BIC anyway, adding RAKODE51 does no harm.

Euro payments within SEPA usually arrive within one business day. Provided no currency is converted, the transfer is inexpensive.

A note on our data

This directory draws on public sources and we update it periodically. Still, banks merge, rename themselves or change codes and our data may lag behind. Figures such as the number of codes come from our directory.

Use this page as a reference, not as the last word. GoldexPay is not affiliated with Raiffeisenbank Kirtorf EG; we are a comparison site for money transfers. If you notice something that is out of date, we welcome a message via the contact page.

Paying someone abroad from your Raiffeisenbank Kirtorf EG account

The price of an international transfer is made up of more than one component, and the transfer fee is only the most visible one. Besides a fixed fee, correspondent or intermediary banks can take a cut, and if the money changes currency the bank usually applies a rate below the actual market rate.

The real cost is often in the rate: many banks convert using an exchange rate with a margin built in. Check their rate with the mid-market rate, the midpoint between buy and sell rates you see on financial sites. The difference is your real conversion cost.

Money transfer services frequently use a rate near the mid-market rate with clearer fees. GoldexPay compares the amount that arrives across providers. Using a transfer service does not require closing your account at Raiffeisenbank Kirtorf EG.

Sending EUR to Raiffeisenbank Kirtorf EG

The local currency in Germany is the Euro (EUR). Money sent in a different currency will be exchanged into EUR on its way to Raiffeisenbank Kirtorf EG, and whoever converts it chooses the rate. Each conversion eats into the amount, even when no fee is shown.

Who converts the payment makes a difference, because each party uses its own rate. In many cases it is cheaper if you send EUR straight away through a provider with a good rate.

The EUR rate fluctuates constantly. With bigger transfers, even small gap in the rate can be worth more than the fee.

Before you send: check the Raiffeisenbank Kirtorf EG code

Have the recipient send you their bank details directly from their online banking. When the code you were given does not match RAKODE51 or RAKODE51XXX, stop and ask – contact the recipient or Raiffeisenbank Kirtorf EG.

Mistakes in the BIC are annoying rather than fatal. Do not forget the account number: a mistake there can be more difficult to correct than a wrong code.

Many banking apps check the format of IBANs and some suggest the matching BIC – that confirms the format, not the owner. Some banks now check the name with the account; take any warning seriously. Sending a small amount first is worth it for a large first payment, even if it costs an extra fee.