Raiffeisenbank Westallgaeu EG SWIFT/BIC code

SWIFT/BIC code of Raiffeisenbank Westallgaeu EG

The short code RAESDE71 and the full code RAESDE71XXX identify one and the same institution: Raiffeisenbank Westallgaeu EG. A BIC has a single purpose: it ensures that money from abroad reaches the right bank. It comes up mostly when dealing with transfers between countries.

This page is meant to help people who receives money at an account at Raiffeisenbank Westallgaeu EG. The SWIFT code on its own cannot identify an individual account holder; that is what the account number or IBAN .

Receiving money from abroad at Raiffeisenbank Westallgaeu EG

A sender in another country needs several details from you. In practice that means: your full name exactly as it appears on the account, your account number or IBAN, the BIC RAESDE71XXX and usually your address.

The sender’s bank might also ask for the address of your bank; the head office in Gestratz is usually fine. A typo in your account number is harder to fix than you might think; copy them from your banking app rather than typing.

Expect that the incoming amount is below what the sender paid. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the money is converted, a markup on the rate applies. On invoices, you can state how the fees are split, so that nobody is left short.

How up to date is this code?

The details here come from public sources which we refresh regularly. Institutions reorganise, change names and retire codes, and a directory never catches every change immediately. Counts and locations are from our directory.

Treat this page as a starting point, not as the final word – the bank details from the recipient are leading. GoldexPay is independent of Raiffeisenbank Westallgaeu EG; we are a comparison site for money transfers. If you notice something that is out of date, we appreciate a message via the contact page.

Which of the 3 codes of Raiffeisenbank Westallgaeu EG do you need?

We have 3 SWIFT/BIC codes for Raiffeisenbank Westallgaeu EG in 3 places. Besides the head office code RAESDE71XXX, there are codes for regional offices and specialised units.

For most incoming transfers, the head office code RAESDE71XXX is the right choice. If you have been given a branch code, stick to it instead of swapping it with the head office code.

If you are not sure, ask the person you are paying for the exact BIC in their bank details. Branch codes are more likely to change than the head office code.

Sending EUR to Raiffeisenbank Westallgaeu EG

Accounts at Raiffeisenbank Westallgaeu EG are usually held in EUR, the local currency of Germany. A payment in a foreign currency is exchanged into EUR – and the bank that does it picks the rate. You rarely see a separate charge for the conversion.

Who converts the payment matters, because each party uses its own rate. Transferring the amount already in EUR usually prevents a second conversion, provided the rate you get is fair.

Exchange rates change all the time – some services let you fix a rate in advance. If you pay regularly, a slightly better rate add up over time.

SEPA payments and the Raiffeisenbank Westallgaeu EG BIC

Because Germany is part of SEPA, a euro transfer to Raiffeisenbank Westallgaeu EG from another SEPA country normally requires just the IBAN. Most banking apps do not require the BIC for these payments or fill it in for you.

A SWIFT code like RAESDE71 still matter for payments in other currencies and when the money comes from outside SEPA. A few banks and apps still show a field for the BIC out of habit; in that case, fill in RAESDE71.

SEPA transfers usually arrive within one business day. Charges on SEPA payments are generally low as long as everything stays in euros.

Why Raiffeisenbank Westallgaeu EG has an 8- and an 11-character code

Each SWIFT/BIC code has the same eight core characters: a four-letter bank code, a two-letter country code and two characters for the location. Combined, these eight characters make up RAESDE71 – the version you usually see online.

XXX at the end of RAESDE71XXX does not stand for a placeholder or a mistake: it stands for the head office of Raiffeisenbank Westallgaeu EG. Certain payment forms insist on 11 characters, in which case you simply add XXX after RAESDE71.

As a rule the code is written in capitals, without spaces or dashes. A wrong letter can send the money to a different institution.

Verifying the SWIFT code of Raiffeisenbank Westallgaeu EG

The safest source for the BIC is the bank details provided by the recipient. If the code you have does not match RAESDE71 or RAESDE71XXX, stop and ask.

A wrong SWIFT code may lead to a delay, a payment being sent back or extra fees along the way. Do not forget the account number: an error there can be more difficult to undo than a wrong code.

Many banking apps validate the structure of an IBAN – that confirms the format, not the owner. More and more banks compare the name with the account; take any warning seriously. Sending a small amount first is worth it for a large first payment.

International transfers from Raiffeisenbank Westallgaeu EG: the real cost

When you transfer money abroad via Raiffeisenbank Westallgaeu EG, the fee you see is only part of the cost. You pay the transfer fee, possibly charges from correspondent banks in between and, most importantly, the exchange rate markup when the money is converted.

Most of the cost usually sits in the exchange rate: many banks convert at a rate with a margin built in. A simple test: put the bank’s rate next to the mid-market rate for the same moment and work out the difference on your amount.

For a lot of currency pairs, a specialist provider is cheaper than a bank, mainly because of the exchange rate. Next time you send money, take a minute comparing the total cost via GoldexPay. You can still use your account at Raiffeisenbank Westallgaeu EG to fund the transfer.

Tracking a transfer to or from Raiffeisenbank Westallgaeu EG

A SWIFT payment typically takes one to a few business days – it depends on currency, route and the banks in between. Bank holidays in either country add a day or more. Compliance checks on larger or unusual payments can also cause a delay.

If the money is late, ask your bank for the tracking status and the transaction reference. Keep the payment confirmation until the money has arrived – you will need it for any trace request.

If the money does not arrive within the expected time, the sender needs to start with the bank that sent it. Request from the sender the payment receipt with the date and reference – it helps your own bank look for the money.

Changed bank details? Be careful

Stay alert when a contact suddenly asks you to pay into a different account abroad. That RAESDE71 is a real code is no guarantee that the account is legitimate.

Always verify changed bank details through a phone call on a number you know, not one from the message. Be suspicious of urgent requests, odd spelling or an email address that differs by one letter. Already paid? Contact your bank without delay and have them start a recall and report the fraud.

Fraud also target the receiver: someone sends too much and asks you to return the extra to a new account. A screenshot of a transfer is no proof; only your own account shows what has arrived.