Volksbank Raiffeisenbank Dachau EG SWIFT/BIC code

SWIFT/BIC code of Volksbank Raiffeisenbank Dachau EG

VORUDEM1 and VORUDEM1XXX are the short and the long form of the same bank identifier, and both lead to Volksbank Raiffeisenbank Dachau EG in Muenchen. The code does one job: it makes sure that an international payment reaches the right bank. In practice you mostly see it on invoices from abroad, in payment forms and on the account details that Volksbank Raiffeisenbank Dachau EG provides.

On this page you can read what the code is put together, when it matters and which other details you need for a transfer to or from Volksbank Raiffeisenbank Dachau EG. A SWIFT code names a bank or branch, not a specific account, which is why you always need the account number too.

Incoming international payments to Volksbank Raiffeisenbank Dachau EG

If you expect a payment from another country, send the payer a complete set of details. Share your name as the bank knows it, your account number or IBAN, SWIFT code VORUDEM1XXX and your address, which some banks require.

The sender’s bank may also ask for the address of your bank, in which case the Muenchen head office is the usual answer. A typo in the IBAN is harder to fix than you might think, so copy the details from your online banking.

Money from abroad will not always arrive in full. Charges on incoming payments differ per bank – the price list of Volksbank Raiffeisenbank Dachau EG tells you what applies. For business payments, it is common to state how the fees are split to avoid a shortfall.

Why Volksbank Raiffeisenbank Dachau EG has an 8- and an 11-character code

Each SWIFT/BIC code starts with the same eight core characters: four letters for the bank, two letters for the country and a two-character location code. The result is VORUDEM1.

XXX at the end of VORUDEM1XXX does not stand for a placeholder or an error: it stands for the main office of Volksbank Raiffeisenbank Dachau EG. Some forms insist on 11 characters, in which case you simply enter XXX after VORUDEM1.

As a rule the code is typed in capitals and without spaces. Pasting the code is safer than retyping it: a typo can point to another bank.

Sending money abroad from Volksbank Raiffeisenbank Dachau EG

The price of a payment abroad has more than one component, and the transfer fee is only the most visible one. There is the transfer fee, possibly charges from correspondent banks in between and, above all, the margin on the exchange rate when the money is converted.

The markup on the rate tends to be the largest item because it is hidden in the rate. 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 transfer service turns out to be less expensive than a traditional bank transfer – mostly thanks to the rate. GoldexPay compares these services side by side, showing what actually arrives before you commit. You can still keep your account at Volksbank Raiffeisenbank Dachau EG as the source of the money, while a cheaper service handles the conversion.

How long does an international transfer to Volksbank Raiffeisenbank Dachau EG take?

An international transfer typically needs one to a few business days, depending on the currency, the route and the banks involved. Payments made after the cut-off time or on a weekend or public holiday usually go out the next business day. Compliance checks on larger or unusual payments can also cause a delay, regardless of the details.

When a payment takes longer than expected, contact your bank for the status and the transaction reference so they can trace it along the chain. Keep the payment confirmation.

A delayed transfer is traced by the sending bank. On the receiving end, it helps to look at your statements for a partial amount.

How up to date is this code?

We gather SWIFT/BIC codes using public sources and update our list regularly. Even so, banks merge or retire codes, so information can be out of date. Figures such as the number of codes come from our directory and are not confirmed by Volksbank Raiffeisenbank Dachau EG.

Use our data as a starting point, rather than as the final word: the recipient’s bank details come first. We are an independent comparison service for money transfers and not affiliated with Volksbank Raiffeisenbank Dachau EG. Should you notice something that is out of date, we appreciate a message.

Which of the 3 codes of Volksbank Raiffeisenbank Dachau EG do you need?

Volksbank Raiffeisenbank Dachau EG has 3 different SWIFT/BIC codes across 3 locations. Only one is the head office code, VORUDEM1XXX; the rest identify branches or departments.

For most payments to a private or business account, the head office code VORUDEM1XXX is the right choice. Just use a branch code when your contact explicitly asks for it, for example on an invoice or in their bank details.

When in doubt, ask the person you are paying which code their bank gave them. Branch codes are sometimes changed or retired when banks reorganise, so a code from an old document is not always valid.

How to check VORUDEM1 before you pay

Have the recipient copy their bank details straight from their online banking. If the code you have differs from VORUDEM1 or VORUDEM1XXX, stop and ask – contact the recipient or Volksbank Raiffeisenbank Dachau EG.

Errors in the BIC are costly more than disastrous – usually the money comes back, minus fees and time lost. Do not forget the IBAN: a mistake there can be harder to undo than a wrong code.

Many banking apps validate the structure of an IBAN and sometimes look up the BIC automatically. Where available, a name check on the recipient adds extra certainty. A small test payment can be worth it for large sums.

Watch out for payment fraud

Scammers often send payment requests with changed bank details sent from what looks like a familiar address. The fact that VORUDEM1 exists is no guarantee that a request mentioning it is genuine.

Check changed bank details via a separate channel, not by replying to the message. Urgency and secrecy tend to be red flags. When money was sent to the wrong account, contact your bank immediately: the sooner they act, the better the chance of a recall.

Recipients can be targeted as well: a classic trick is a buyer who pays too much and then sends a request to send back the difference abroad. Do not act before the money is actually in your account.

Euro (EUR) and conversion costs

The national currency in Germany is the Euro (EUR). If you send another currency has to be converted somewhere along the way – by your bank, by Volksbank Raiffeisenbank Dachau EG or by a bank in between. Each conversion costs something – usually through the rate rather than a fee.

Who does the conversion has an effect on how much arrives, since every bank sets its own rate. Check how much EUR arrives via several services; the difference between options can be larger than you expect.

The EUR rate changes throughout the day. If you pay regularly, a slightly better rate make a real difference over a year.

SEPA payments and the Volksbank Raiffeisenbank Dachau EG BIC

Because Germany is part of SEPA, a euro payment into Volksbank Raiffeisenbank Dachau EG from another SEPA country normally only needs an IBAN. Most banking apps no longer ask for the BIC for these payments or fill it in for you.

The BIC does come into play for payments in other currencies and when the money comes from outside SEPA. Some banks and apps still ask for the BIC out of habit; if so, enter VORUDEM1 or VORUDEM1XXX.

Instant payments in euros are widely supported within SEPA – whether Volksbank Raiffeisenbank Dachau EG offers them for your account is worth checking. Provided no currency is converted, a SEPA transfer is inexpensive; it is the conversion that costs money.