Raiffeisenbank Ried EG SWIFT/BIC code

What RARIDE51 means for a payment to Raiffeisenbank Ried EG

RARIDE51 and RARIDE51XXX are two ways of writing the same SWIFT/BIC code, and both point to Raiffeisenbank Ried EG in Buerstadt. A SWIFT code tells the banks handling a payment which institution should receive the money, much like a postcode for banks. It comes up mainly when dealing with payments that cross a border or a currency.

Below you will find the practical questions: money coming in from abroad, sending money abroad and how to verify the code before you hit send. Remember that the SWIFT code only identifies the bank, not the person: the account number or IBAN takes care of that.

How to check RARIDE51 before you pay

The safest source for the BIC is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. If the code you have does not match RARIDE51 or RARIDE51XXX, do not guess: check with the recipient or with Raiffeisenbank Ried EG directly.

Errors in the SWIFT code are costly rather than fatal. Do not forget the IBAN: an error there can be harder to correct than a wrong code.

Many banking apps validate the structure of IBANs – that confirms the format, not the owner. Some banks now compare the name against the account – do not ignore a mismatch warning. For a first payment, many people send a small amount first.

Paying someone abroad from your Raiffeisenbank Ried EG account

When you send money to another country via Raiffeisenbank Ried EG, the fee you see is rarely all of the cost. On top of the transfer fee, banks in between can deduct a fee, and if currencies are converted the bank often uses a rate that is less favourable than the actual market rate.

Most of the cost usually sits in the exchange rate: many banks convert at a rate that includes a margin. An easy check: set the bank’s rate next to the mid-market rate and work out the difference on your amount.

For a lot of currency pairs, a specialist provider turns out to be less expensive than a bank, mainly because of the exchange rate. GoldexPay compares transfer providers next to each other so you can see what actually arrives. Choosing a specialist does not require closing your account at Raiffeisenbank Ried EG: you simply pay the service from your account.

Paying Raiffeisenbank Ried EG in euros within SEPA

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

You still need RARIDE51XXX for payments in other currencies or money from outside the SEPA area. A few banks and apps also ask for the BIC; in that case, enter RARIDE51 or RARIDE51XXX.

Euro payments within SEPA usually arrive within one business day. Fees for SEPA transfers are generally low, as long as no currency conversion is involved.

How up to date is this code?

We gather bank codes using publicly available data and update them from time to time. Institutions reorganise, close branches and retire codes – a directory can be a step behind. The number of codes we show reflect what is in our directory, not official figures from Raiffeisenbank Ried EG.

Treat our directory on this page as a helpful check. We are a comparison service for money transfers and not affiliated with Raiffeisenbank Ried EG. Found outdated information? Let us know via our contact form and we will look into it.

Sending EUR to Raiffeisenbank Ried EG

Accounts at Raiffeisenbank Ried EG are usually held in EUR, the local currency. A payment in a foreign currency will be exchanged into EUR before it reaches the account, and whoever converts it chooses the rate. Every conversion eats into something – usually through the rate rather than a fee.

Where the conversion happens has an effect on the final amount, as rates and margins differ per bank. Compare how much EUR the recipient gets via several services; the difference between options can be larger than you expect.

Rates for EUR move during the day. If you pay regularly, small differences in the rate add up over a year.

Getting paid from abroad into a Raiffeisenbank Ried EG account

Someone abroad who wants to pay you needs a few details from you, and missing ones are a common cause of delays. What they need is: your name, IBAN or account number, RARIDE51XXX or RARIDE51 and often your postal address.

It helps to include Raiffeisenbank Ried EG and Buerstadt as well, because some payment forms have separate fields for them. Double-check every detail before you send them – a sender rarely spots a mistake in someone else’s details.

The amount you receive is often lower than what was sent. Intermediary banks may deduct a fee, and when currencies differ, an exchange rate margin applies. For business payments, you can state who bears the costs to avoid a shortfall.

Watch out for payment fraud

Be wary if a contact unexpectedly asks you to pay into another account abroad. That RARIDE51 is a real code is no guarantee that the account is genuine; criminals use the codes of real banks too.

Do not rely on a phone number from the same email that announces the change. Be suspicious of time pressure, unusual wording or an email address that differs by one letter. Acted too fast? Call your bank straight away and ask them to start a recall.

Fraud can also target the receiver. Someone claims to have sent more than agreed and asks you to return the extra. A payment confirmation from the sender proves nothing – check your own account.

Tracking a transfer to or from Raiffeisenbank Ried EG

There is no single delivery time for international payments: many arrive the same day or the next while others need several business days. Payments made late in the day or just before weekends and holidays usually go out a business day later. Compliance checks by one of the banks can also add a delay.

Many banks are connected to SWIFT gpi. Each gpi transfer gets a unique transaction reference, the UETR that banks can use to trace it. Specialist transfer services often provide tracking in their app so you can see where the payment has got.

Only the sending bank is able to start an official trace or a recall. Request from the sender the payment receipt with the date and reference; that often settles the question quickly.

Choosing between the 2 SWIFT codes of Raiffeisenbank Ried EG

Having 2 codes, Raiffeisenbank Ried EG belongs to the banks that use separate codes for branches and departments. The main code remains RARIDE51XXX.

In most cases you do not need to pick a branch: payments sent to RARIDE51XXX are routed within Raiffeisenbank Ried EG without problems. Branch codes are only needed if the account holder explicitly mentions it.

Not sure which code applies? Check with the recipient, or look at a recent statement from Raiffeisenbank Ried EG. Branch codes are sometimes changed or retired over time.

8 or 11 characters: RARIDE51 versus RARIDE51XXX

A SWIFT code is built from fixed blocks: characters one to four identify the bank, characters five and six show the country and the two after that indicate the location. In this case, that core is RARIDE51.

The 11-character version adds a three-character extension that identify a branch or department. If the last three are XXX, the code points to the head office.

Do not add spaces, dots when you enter RARIDE51. A single character may route the money to a different institution, so check it twice.