Raiffeisenbank Main-Spessart EG SWIFT/BIC code

What RAIPDE51 means for a payment to Raiffeisenbank Main-Spessart EG

RAIPDE51 and RAIPDE51XXX are the short and the long form of the same SWIFT/BIC code, and both lead to Raiffeisenbank Main-Spessart EG in Karlstadt. Banks worldwide use these codes to direct international transfers to the right institution. In daily life you usually come across it on invoices from abroad, in payment forms and on the account details of Raiffeisenbank Main-Spessart EG customers.

We wrote this page to help people who receives money at an account at Raiffeisenbank Main-Spessart EG without mistakes. The SWIFT code alone cannot identify an individual account holder; for that you need the account number or IBAN .

Which of the 3 codes of Raiffeisenbank Main-Spessart EG do you need?

We have 3 SWIFT/BIC codes for Raiffeisenbank Main-Spessart EG, spread over 3 cities. Next to the head office code RAIPDE51XXX, you will find codes for branches, departments or specific services.

For the vast majority of incoming transfers, the head office code RAIPDE51XXX works fine. If you have been given a branch code, use it as it is rather than swapping it with the head office code.

When in doubt, check with the recipient for the exact BIC in their bank details. Codes can change over time, so do not rely on old paperwork.

How to check RAIPDE51 before you pay

Have the recipient copy the bank details directly from their banking app. Compare that code with RAIPDE51 here and ask if anything does not match.

A wrong SWIFT code may lead to a delay, a returned payment or additional charges. Do not forget the IBAN: an error there is more difficult to undo than a wrong code.

An automatic check by your bank merely tells you that the code exists. Where available, a payee name check before sending adds extra certainty. For a first payment, some people send a small test amount and wait for confirmation.

Why Raiffeisenbank Main-Spessart EG has an 8- and an 11-character code

Every SWIFT/BIC code starts with an 8-character core: a four-letter bank code, a two-letter country code and a two-character location code. That gives you RAIPDE51.

XXX at the end of RAIPDE51XXX does not stand for a placeholder or a mistake: it indicates the main office of Raiffeisenbank Main-Spessart EG. Certain payment forms ask for 11 characters, in which case you can enter XXX behind RAIPDE51.

Type the code in one piece, in capitals and without spaces, exactly as shown here. Watch for O versus 0 or I versus 1.

What a transfer from Raiffeisenbank Main-Spessart EG abroad really costs

What you pay for an international transfer is made up of several parts – not just the fee on your screen. On top of the transfer fee, banks in between may take a cut, and when currencies are converted the bank often uses a rate that is less favourable than the real market rate.

That exchange rate margin tends to be the biggest item, and it is easy to miss. Compare the rate you are offered with the mid-market rate, the midpoint between buy and sell rates you see on financial sites.

Specialised transfer providers often use a rate near the mid-market rate. GoldexPay lists transfer providers next to each other, showing the amount the recipient gets. You can still keep your account at Raiffeisenbank Main-Spessart EG to fund the transfer; only the conversion and sending happen elsewhere.

What to give a sender who pays you at Raiffeisenbank Main-Spessart EG

Someone abroad who wants to pay you needs several details about your account – incomplete details often cause delays. That means: your name exactly as it appears on the account, your IBAN or account number, the BIC RAIPDE51XXX (or RAIPDE51) and usually your postal address.

Certain sending banks want the bank’s address. A mistake in the IBAN can be harder to fix than you might think; copy them from your banking app rather than typing.

Money from abroad will not always arrive in full. Correspondent banks can take a fee and your own bank may charge for processing, and if the currency changes, an exchange rate margin applies. Agree with the sender who pays which costs.

Protect yourself against fake payment requests

Be wary if a contact suddenly asks you to send money to another account. That RAIPDE51 is a real code does not mean that a request mentioning it is genuine – fraudsters use real bank codes as well.

Check changed payment details via a different channel like a call to a number from an earlier contract. Pressure or requests to keep it quiet tend to be warning signs – a real supplier can wait a day. If a payment was sent to a fraudster, call your bank right away – speed improves the chance of getting it back.

Fraud also work the other way. Someone sends more than agreed and wants you to refund the extra. Do not act before the money has really arrived – ask Raiffeisenbank Main-Spessart EG if something looks wrong.

Euro (EUR) and conversion costs

The currency in Germany is the Euro (EUR). When you pay another currency, the amount has to be converted at some point: by your bank, an intermediary or Raiffeisenbank Main-Spessart EG itself. There is rarely a separate line for that conversion.

Where the conversion happens affects the final amount, as rates and margins differ per bank. Check what EUR arrives via different providers; the difference between options can be larger than you expect.

Rates for EUR move during the day. On larger amounts, a seemingly small gap in the rate can be worth more than the fee.

Do you need RAIPDE51 for a SEPA transfer?

Since Germany is part of SEPA, a euro payment into Raiffeisenbank Main-Spessart EG from within the SEPA area normally only needs an IBAN. Most banking apps do not require the BIC for these payments or fill it in for you.

You still need RAIPDE51XXX when sending non-euro payments or transfers from countries outside SEPA. A few banks and apps also show a field for the BIC out of habit; in that case, enter RAIPDE51 or RAIPDE51XXX.

Euro payments within SEPA normally land within one business day, and instant transfers in seconds where both banks support them. Fees for SEPA transfers tend to be low.

About this information

We gather bank codes from publicly available data and check our list from time to time. Even so, banks merge or change codes, so information can be out of date. Counts and locations come from our directory.

See our directory on this page as a handy check. We are a comparison service and not affiliated with Raiffeisenbank Main-Spessart EG. If you notice something that is out of date, we welcome a message via the contact page.

Tracking a transfer to or from Raiffeisenbank Main-Spessart EG

How quickly a payment reaches Raiffeisenbank Main-Spessart EG is determined by a few things: the currency, the number of banks in between, cut-off times and differences in time zone. Weekends and public holidays in the sending or receiving country add a day or more to the journey. Extra checks by one of the banks may also add some delay, regardless of the details.

If a transfer is late, contact the sending bank for the tracking status or the UETR so they can trace it along the chain. Keep your transfer receipt until the recipient confirms – you will need it for any trace request.

If a payment has not arrived within the expected time, the person who paid should start with the bank that sent it rather than Raiffeisenbank Main-Spessart EG. Request from the sender the payment receipt including the reference – it helps your own bank look for the money.