Raiffeisenbank Rastede EG SWIFT/BIC code

SWIFT/BIC code of Raiffeisenbank Rastede EG

The 8-character code RARADE81 and the full code RARADE81XXX identify the same bank: Raiffeisenbank Rastede EG. The code does one job: it makes sure that money from abroad reaches the right bank. In daily life you usually come across it on invoices from abroad, in payment forms and in the bank details of Raiffeisenbank Rastede EG customers.

Below we go through the practical questions: money coming in from abroad, paying someone in another country and how to check the code before you confirm a payment. The BIC identifies an institution, not a specific account; the IBAN or account number does that.

Tracking a transfer to or from Raiffeisenbank Rastede EG

There is no fixed answer for international payments: many land within a day. Bank holidays in either country can add a day or more to the journey. Extra checks on larger or unusual payments may also add some delay, even when all details are correct.

Many banks use SWIFT gpi. Every payment carries a unique transaction reference, the UETR, which your bank can use to see where the money is. Money transfer services often show tracking online showing how far the money is.

If the money does not arrive within the expected time, the person who paid needs to start with the bank that sent it, not the receiving bank. Request from the sender the payment receipt; that often settles the question quickly.

Scams that use SWIFT codes

Criminals regularly send payment requests containing new bank details, sometimes in an email that looks completely genuine. A valid SWIFT code says nothing about who owns the account.

Check changed payment details via a separate channel, such as a phone number you already know. Pressure or requests to keep it quiet tend to be red flags. When money has already gone to the wrong account, contact your bank immediately.

Fraud also target the receiver: someone claims to have sent too much and asks you to refund the difference via a different route. A screenshot of a transfer proves nothing; only your own account shows what has arrived.

A note on our data

The directory on GoldexPay draws on public sources. Even so, banks merge or retire codes and our data may lag behind. Figures such as the number of codes are from our directory and may differ from what Raiffeisenbank Rastede EG publishes.

Treat this page as a starting point, not as the final word. GoldexPay has no connection to Raiffeisenbank Rastede EG; we are a comparison site for money transfers. Should you notice something that is out of date, we welcome a message via the contact page.

SEPA payments and the Raiffeisenbank Rastede EG BIC

Germany is part of the SEPA area, the zone for standardised euro payments. For a standard euro transfer within SEPA, the IBAN is usually enough; many banks no longer ask for the BIC.

A SWIFT code like RARADE81 does matter for payments in other currencies. If your banking app asks for the BIC anyway, adding RARADE81 is fine.

SEPA transfers usually arrive by the next business day; instant payments are faster if both banks offer them. Fees for SEPA payments are generally low.

RARADE81 or RARADE81XXX – which one to use?

Every SWIFT/BIC code has an 8-character core: a four-letter bank code, two letters for the country and a two-character location code. Together, those parts make up RARADE81, the code most people search for.

XXX at the end of RARADE81XXX does not stand for a placeholder or a mistake: it indicates the main office of Raiffeisenbank Rastede EG. Some forms ask for 11 characters, and then you can enter XXX after RARADE81.

Enter the code as one block, in upper case and without separators, exactly as shown here. Copying the code is safer than typing it by hand.

Head office or branch code at Raiffeisenbank Rastede EG?

Raiffeisenbank Rastede EG has 2 different SWIFT/BIC codes. One of them is the head office code, RARADE81XXX; the others identify branches, and sometimes internal departments.

For most incoming transfers, the head office code RARADE81XXX works fine. Only use a branch code when the recipient gives you that exact code, for example on an invoice or in their bank details.

If you are not sure, check with the recipient which code their bank gave them. Codes are sometimes changed or retired over time, so a code from an old document is not always valid.

The Euro and what conversion costs you

Most accounts at Raiffeisenbank Rastede EG are typically held in EUR, the national currency. If you send another currency it gets converted at some point: by your bank, an intermediary or Raiffeisenbank Rastede EG itself. Every conversion costs something.

Where the conversion happens has an effect on the final amount, since every bank sets its own rate. Compare what EUR the recipient gets with several services.

The rate for EUR changes constantly, so the amount you see is usually only valid for a short time. With bigger transfers, even small gap in the rate adds up quickly.

Verifying the SWIFT code of Raiffeisenbank Rastede EG

The safest source for the BIC is the bank details provided by the recipient – an invoice, a statement or a screenshot from online banking. When the code you were given does not match RARADE81 or RARADE81XXX, do not guess – contact the recipient or Raiffeisenbank Rastede EG.

Mistakes in the BIC are annoying rather than disastrous: often the payment comes back, minus fees. Remember the account number: a mistake there is harder to undo than a wrong code.

A validity check in your banking app only confirms that the code is valid – not that it belongs to the person you mean to pay. More and more banks compare the name against the account before you confirm. For a first payment, many people send a small test amount and wait for confirmation.

Getting paid from abroad into a Raiffeisenbank Rastede EG account

If you expect a payment from another country, give the sender a complete set of details. In practice that means: your name as registered with Raiffeisenbank Rastede EG, your IBAN or account number, the BIC RARADE81XXX (or RARADE81) and, often, your address.

Their bank might also ask for the address of your bank. A typo in your account number can be harder to fix than you might think; copy them from your banking app rather than typing.

Money from abroad will not always land for the full amount. Fees for incoming transfers vary per bank. For business payments, it is common to agree who bears the costs.

What a transfer from Raiffeisenbank Rastede EG abroad really costs

If you transfer money to another country from Raiffeisenbank Rastede EG, the visible fee is rarely all of what you pay. On top of the transfer fee, correspondent or intermediary banks can deduct a fee, and if currencies are converted, the bank often applies a rate below the real market rate.

That exchange rate margin is often the biggest item even though it is not listed as a fee. An easy check: set the bank’s rate against the mid-market rate for the same moment and look at the difference.

Specialised transfer providers frequently offer rates closer to the mid-market rate with clearer fees. Next time you send money, take a minute to compare what arrives on GoldexPay instead of going straight to your bank. Choosing a specialist does not require closing your account at Raiffeisenbank Rastede EG: you simply pay the service from your account.