Raiffeisenbank Obermain Nord EG SWIFT/BIC code

RAORDE71 – the SWIFT/BIC code of Raiffeisenbank Obermain Nord EG

RAORDE71 and RAORDE71XXX are the short and the long form of the same bank identifier, and both point to Raiffeisenbank Obermain Nord EG in Burgkunstadt. A BIC does one job: it makes sure that an international payment ends up at the right bank. In daily life you usually see the code on invoices from abroad, in your banking app and on the account details of Raiffeisenbank Obermain Nord EG customers.

Below you will find the practical questions: receiving money at Raiffeisenbank Obermain Nord EG, sending money abroad and how to check a SWIFT code before you hit send. A SWIFT code names a bank or branch, never a specific account, which is why you always need the account number too.

Sending money abroad from Raiffeisenbank Obermain Nord EG

What you pay for a payment abroad is made up of several parts. On top of the transfer fee, correspondent or intermediary banks can take a cut, and when currencies are converted the bank often applies a rate that is less favourable than the actual market rate.

The real cost is often in the rate, rather than in the fee: many banks convert using an exchange rate that includes a margin. An easy check: set the rate you get next to the mid-market rate and work out the difference on your amount.

Specialised transfer providers often offer rates closer to the mid-market rate and lower fees. GoldexPay compares these services next to each other, showing what actually arrives. You can still use your account at Raiffeisenbank Obermain Nord EG to fund the transfer, while a cheaper service handles the conversion.

Raiffeisenbank Obermain Nord EG: head office code versus branch codes

Our directory lists 3 SWIFT/BIC codes for Raiffeisenbank Obermain Nord EG in 3 cities. Besides the head office code RAORDE71XXX, there are codes for regional offices and specialised units.

If nobody asks you for a branch code, go with RAORDE71XXX. 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, check with the recipient which code their bank gave them. Codes for branches are more prone to change than RAORDE71XXX when a bank merges or closes offices.

Scams that use SWIFT codes

A common scam goes like this: you receive a request claiming that a company has a new bank account and that the next payment should go there. A correct SWIFT code tells you nothing about who owns the account – scammers simply use real codes.

Never trust contact details from the same email that announces the change. Be suspicious of urgent requests, odd spelling or an email address that differs by one letter. Already paid? Call the bank you paid from without delay and have them try to recall the payment.

Fraud also target the receiver. Someone claims to have sent too much and wants you to return the difference to a new account. Do not act before the money is actually in your account – ask Raiffeisenbank Obermain Nord EG if something looks wrong.

A note on our data

Our SWIFT/BIC directory draws on publicly available sources and is updated regularly. Still, banks merge, rename themselves or change codes, so information can be out of date. The number of codes on this page reflect our own data and not on information from Raiffeisenbank Obermain Nord EG itself.

Treat the information on this page as a helpful check and rely on the recipient or Raiffeisenbank Obermain Nord EG for the final confirmation. GoldexPay is not affiliated with Raiffeisenbank Obermain Nord EG. If you notice a mistake, we welcome a message.

8 or 11 characters: RAORDE71 versus RAORDE71XXX

Every SWIFT/BIC code starts with the same eight core characters: four letters for the bank, a two-letter country code and a two-character location code. The result is RAORDE71 for Raiffeisenbank Obermain Nord EG.

The 11-character version adds a three-character extension that identify a branch or department. If the last three are XXX, they simply mean the head office, so RAORDE71XXX and RAORDE71 are interchangeable.

In practice the code is written in capitals and without spaces. Look out for O versus 0 and I versus 1, a common source of typos.

What to give a sender who pays you at Raiffeisenbank Obermain Nord EG

To receive an international payment into your account at Raiffeisenbank Obermain Nord EG, the person paying you needs not just the SWIFT code. Give them the account holder’s name, the IBAN or account number, SWIFT code RAORDE71XXX and your address.

You can add the bank name and Burgkunstadt too. Check the details before you send them.

The amount you receive is often lower than the amount sent. Correspondent banks can take a fee, Raiffeisenbank Obermain Nord EG may charge for incoming payments, and if the currency changes, an exchange rate margin comes on top. Make clear with the sender who covers the fees before the money is sent.

How long does an international transfer to Raiffeisenbank Obermain Nord EG take?

How quickly a transfer arrives at Raiffeisenbank Obermain Nord EG depends on several factors: the currency, how many intermediary banks are involved, daily processing deadlines and time zones. Payments made after the cut-off time or on weekends and holidays usually go out a business day later. Sometimes a bank wants to know about the purpose of a payment.

When a payment takes longer than expected, ask your bank for the tracking status so they can trace it along the chain. Specialist transfer services usually show a status online showing where the payment is.

If the money does not arrive after a few business days, the sender should contact their own bank, not the receiving bank. As a recipient, it helps to look at your account for a partial amount, since fees may have been deducted.

Sending EUR to Raiffeisenbank Obermain Nord EG

Most accounts at Raiffeisenbank Obermain Nord EG are typically held in EUR, the national currency. When you pay another currency has to be converted at some point: by your bank, an intermediary or Raiffeisenbank Obermain Nord EG itself. Each conversion costs something, even when no fee is shown.

Who does the conversion affects how much arrives. In many cases you pay less to send EUR directly via a transfer service with a good rate, so that the receiving bank does not need to convert again.

Exchange rates change during the day, and some providers let you lock in a rate. With bigger transfers, a small difference in the rate adds up quickly.

SEPA payments and the Raiffeisenbank Obermain Nord EG BIC

Germany is a member of the Single Euro Payments Area (SEPA), where euro transfers follow common rules. For a regular euro transfer within SEPA, the IBAN is usually enough.

Outside the euro and for senders outside SEPA, RAORDE71XXX is still required. If a payment form asks for the BIC regardless, entering RAORDE71 is fine.

SEPA transfers usually arrive by the next business day, and instant transfers in seconds where both banks support them. Provided the payment stays in euros, a SEPA transfer tends to be cheap; it is the conversion that costs money.

Verifying the SWIFT code of Raiffeisenbank Obermain Nord EG

Ask the recipient to send you their bank details directly from a recent statement. When the code you were given differs from RAORDE71 or RAORDE71XXX, do not guess – contact the recipient or Raiffeisenbank Obermain Nord EG.

If the code is wrong, the payment might be delayed, bounce back or cost extra. A mistake in the IBAN or account number is more serious because it can reach the wrong person, so check that just as carefully.

Many banking apps validate the format of an IBAN. If your bank offers it, a payee name check before sending adds an extra layer of safety. For a first payment, some people send a small test amount.