Raiffeisenbank Schwandorf-Nittenau EG SWIFT/BIC code

RASWDE51 – the SWIFT/BIC code of Raiffeisenbank Schwandorf-Nittenau EG

The short code RASWDE51 and the full code RASWDE51XXX refer to one and the same institution: Raiffeisenbank Schwandorf-Nittenau EG in Nittenau, Germany. Banks worldwide use BIC codes to direct payments between countries to the correct bank. In daily life you mostly see it on invoices from abroad, in your banking app and in the bank details of Raiffeisenbank Schwandorf-Nittenau EG customers.

Below we go through the practical questions: receiving money at Raiffeisenbank Schwandorf-Nittenau EG, paying someone in another country and how to check a SWIFT code before you hit send. Remember that the BIC only identifies the bank, not the person: the account number or IBAN does that part.

Transfer times and tracking a payment to Raiffeisenbank Schwandorf-Nittenau EG

How quickly a payment reaches Raiffeisenbank Schwandorf-Nittenau EG depends on several factors: which currency you send, how many intermediary banks are involved, daily processing deadlines and differences in time zone. Transfers sent after the cut-off time or on weekends and holidays usually start the next business day. Compliance checks on larger or unusual payments may also add a delay.

When a payment takes longer than expected, ask the sending bank about the tracking status and the transaction reference; with that reference banks can see where the payment is. Specialist transfer services usually show a status in their app so you can see where the payment is.

A missing payment is investigated by the sending bank on the basis of the transfer details. As a recipient, it helps to look at your statements to see a partial amount because fees can reduce the amount.

Changed bank details? Be careful

A common scam goes like this: an email arrives with a request claiming that a company has a new bank account and that the next payment should go there. That RASWDE51 is a real code does not mean that the account is legitimate.

Never rely on contact details from the same email that announces the new account. Be suspicious of urgent requests, odd spelling or a sender address that is slightly off. When a payment was sent to the wrong account, contact your bank immediately.

Scams also target the receiver: someone claims to have sent more than agreed and asks you to return the difference to a new account. Do not act before the money has really arrived.

Which of the 2 codes of Raiffeisenbank Schwandorf-Nittenau EG do you need?

Having 2 codes in 2 locations, Raiffeisenbank Schwandorf-Nittenau EG is one of the banks that use separate codes for branches. The main code remains RASWDE51XXX.

Unless the recipient tells you otherwise, use RASWDE51XXX. Only use a branch code when the recipient explicitly asks for it.

Unsure which code applies? Check with the recipient, or look at a recent statement from Raiffeisenbank Schwandorf-Nittenau EG. Codes for branches are more prone to be retired than the head office code when a bank merges or closes offices.

Euro transfers to Raiffeisenbank Schwandorf-Nittenau EG: is a BIC needed?

Germany belongs to the Single Euro Payments Area (SEPA). For a regular euro transfer within SEPA, you normally only need the IBAN.

For anything other than euros and for senders outside SEPA, RASWDE51XXX is still part of the payment details. If your banking app has a field for the BIC regardless, adding RASWDE51 is fine.

Instant payments in euros have become increasingly supported within SEPA – whether Raiffeisenbank Schwandorf-Nittenau EG offers them for your account is worth checking. Charges on SEPA payments tend to be low, as long as no currency conversion is involved.

Incoming international payments to Raiffeisenbank Schwandorf-Nittenau EG

To receive a transfer from abroad at Raiffeisenbank Schwandorf-Nittenau EG, the person paying you needs not just the BIC. In practice that means: your full name exactly as it appears on the account, your IBAN or account number, the BIC RASWDE51XXX (or RASWDE51) and, often, your postal address.

Some sending banks want the name and address of Raiffeisenbank Schwandorf-Nittenau EG in Nittenau. A mistake in the IBAN is more trouble than it looks, so copy the details from your online banking.

An incoming payment does not always arrive for the full amount. Correspondent banks can take a fee and your own bank may charge for processing, and if the money is converted, an exchange rate margin comes on top. For business payments, you can state who bears the costs.

Sending money abroad from Raiffeisenbank Schwandorf-Nittenau EG

An international bank payment costs rather more than the fee suggests. You pay the transfer fee, possibly fees charged by intermediary banks in between and, most importantly, the exchange rate markup.

The real cost is often in the rate: the bank converts using an exchange rate that includes a margin. Check the rate you are offered against the mid-market rate, the midpoint between buy and sell rates you see on financial sites. The difference is your real conversion cost.

For a lot of currency pairs, a specialist provider is less expensive than a traditional bank transfer. GoldexPay compares the amount that arrives across providers. You can always keep your account at Raiffeisenbank Schwandorf-Nittenau EG; only the conversion and sending happen elsewhere.

RASWDE51 or RASWDE51XXX – which one to use?

The layout of every SWIFT code never changes: four characters for the institution, two for the country and two for the location, sometimes followed by a branch code. That gives you RASWDE51, the short form of the code.

The 11-character version adds a three-character extension for a branch or department. If the last three are XXX, the code points to the head office, which is why RASWDE51XXX and RASWDE51 lead to the same place.

Type the code as one block, in capitals and without spaces, exactly as shown here. A wrong letter may route the money to another bank.

Verifying the SWIFT code of Raiffeisenbank Schwandorf-Nittenau EG

The most reliable place for the right code is a document from the bank itself. If the code you have differs from RASWDE51 or RASWDE51XXX, stop and ask.

Errors in the SWIFT code tend to be annoying rather than fatal – usually the money comes back, minus fees and time lost. Remember the IBAN: a mistake there can be harder to correct than a wrong code.

Many banking apps check the structure of an IBAN and some suggest the matching BIC – that confirms the format, not the owner. Some banks now check the payee name against the account before you confirm. A small test payment is worth it for a large first payment despite the extra fee.

The Euro and what conversion costs you

Most accounts at Raiffeisenbank Schwandorf-Nittenau EG are typically held in EUR, the local currency of Germany. Money sent in a different currency will be converted into EUR before it reaches the account, and whoever converts it chooses the rate. You rarely see a separate line for that conversion; it is built into the rate.

Which bank converts the money matters. Transferring the amount already in EUR often avoids an extra conversion at the receiving end – as long as your own rate is good.

Rates for EUR change during the day, and some providers let you lock in a rate. If you pay regularly, small differences in the rate make a real difference over a year.

Where our SWIFT data comes from

The details on this page are taken from publicly available data which we refresh regularly. It can happen that information on this page is no longer current after a merger or reorganisation. The figures we show are based on our own data.

Use this page as a reference, not as the last word. GoldexPay is not affiliated with Raiffeisenbank Schwandorf-Nittenau EG; we are a comparison site for money transfers. Spotted outdated information? Tell us via our contact form and we will look into it.