Volksbank Raiffeisenbank EG SWIFT/BIC code

SWIFT/BIC code of Volksbank Raiffeisenbank EG

If an invoice shows VRASDE81 or VRASDE81XXX, you are looking at the same identifier for Volksbank Raiffeisenbank EG in Germany. A BIC does one job: it makes sure that a cross-border transfer ends up at the right bank. In practice you mostly see it on invoices from abroad, in payment forms and on the account details of Volksbank Raiffeisenbank EG customers.

We wrote this page to help anyone who pays into an account at Volksbank Raiffeisenbank EG without mistakes. Keep in mind that the SWIFT code just identifies the bank, not the account: the IBAN or account number takes care of that.

Scams that use SWIFT codes

Fraudsters regularly use payment requests containing new bank details. That VRASDE81 is a real code is no guarantee that the account is genuine – fraudsters use real bank codes as well.

Verify changed payment details through a different channel like a call to a number from an earlier contract. Urgency and secrecy are red flags. Already paid? Call the bank you paid from without delay and have them start a recall and report the fraud.

People receiving money can be targeted as well: a classic trick is a buyer who pays too much followed by a request to refund the difference. A payment confirmation from the sender is no proof; only your own account shows what has arrived.

How to check VRASDE81 before you pay

Have the recipient send you the account details straight from a recent statement. When the code you were given differs from VRASDE81 or VRASDE81XXX, do not guess – contact the recipient or Volksbank Raiffeisenbank EG.

A wrong SWIFT code may lead to delays, a returned payment or extra fees along the way. Remember the IBAN: a mistake there can be harder to correct than a wrong BIC.

A format check by your bank only confirms that the code is valid. If your bank offers it, a payee name check on the recipient gives extra certainty. For a first payment, many people send a small amount first and wait for confirmation.

A note on our data

We gather bank codes from publicly available data and check our list regularly. Still, banks merge or retire codes and our data may lag behind. The figures on this page reflect our own data.

See the information on this page as a handy check, and let the details from the recipient or Volksbank Raiffeisenbank EG have the final say. GoldexPay is independent of Volksbank Raiffeisenbank EG, we only compare transfer services. Should you notice something that is out of date, we appreciate a message via the contact page.

Sending EUR to Volksbank Raiffeisenbank EG

Germany pays in the Euro (EUR). When you pay another currency it gets converted somewhere along the way: by your bank, an intermediary or Volksbank Raiffeisenbank EG itself. There is rarely a separate charge for that conversion; it is built into the rate.

Where the conversion happens affects the final amount, as rates and margins differ per bank. Transferring the amount directly in EUR often avoids a second conversion, provided the rate you get is fair.

The rate for EUR changes constantly, so the amount you see is usually only valid for a short time. On larger amounts, even small gap in the rate can be worth more than the fee.

Choosing between the 4 SWIFT codes of Volksbank Raiffeisenbank EG

Volksbank Raiffeisenbank EG uses 4 different SWIFT/BIC codes across 3 locations. One of them is the head office code, VRASDE81XXX; the rest belong to branches or departments, and sometimes internal departments.

Unless the recipient tells you otherwise, go with VRASDE81XXX. Only use a branch code when the recipient gives you that exact code, for example on an invoice or in their bank details.

The safest approach is to copy the code straight from the account holder’s bank details. Branch codes are more prone to be retired than VRASDE81XXX.

Paying Volksbank Raiffeisenbank EG in euros within SEPA

Germany is part of the Single Euro Payments Area (SEPA), the zone for standardised euro payments. For a regular euro transfer within SEPA, you normally only need the IBAN.

A SWIFT code like VRASDE81 still come into play when the currency is not euros and when the money comes from outside SEPA. Some banks and apps also show a field for the BIC out of habit; if so, enter VRASDE81 or VRASDE81XXX.

Instant euro transfers have become increasingly supported within SEPA – whether Volksbank Raiffeisenbank EG offers them for your account is worth checking. Fees for SEPA payments are generally low.

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

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. For Volksbank Raiffeisenbank EG, the 8-character core is VRASDE81.

XXX at the end of VRASDE81XXX is not a placeholder or a mistake: it indicates the head office of Volksbank Raiffeisenbank EG. Some forms ask for 11 characters, and then you simply add XXX after VRASDE81.

Leave out spaces or dashes when you type VRASDE81. A single character may route a payment to another bank, so check it twice.

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

An international transfer usually needs one to a few business days. Bank holidays in either country add a day or more to the journey. Compliance checks on larger or unusual payments may also add some delay.

When a payment takes longer than expected, contact the sending bank for the status and the transaction reference; with that reference banks can see where the payment is. Specialist transfer services usually show tracking online so you can see where the payment has got.

Only the sending bank can start an official trace or a recall – the recipient’s bank often cannot see a payment that has not arrived. Request from the sender a copy of the payment confirmation with the date and reference.

Receiving money from abroad at Volksbank Raiffeisenbank EG

A sender in another country needs a few details from you – incomplete details often cause delays. Share your name as the bank knows it, the IBAN or account number, the BIC VRASDE81XXX and your address.

Some banks also ask for the bank’s address; it does no harm to include it. Check each detail before you send them.

An incoming payment will not always land for the full amount. Charges on incoming payments vary per bank – the price list of Volksbank Raiffeisenbank EG tells you what applies. For business payments, you can agree who bears the costs, so that nobody is left short.

Paying someone abroad from your Volksbank Raiffeisenbank EG account

When you send money abroad through Volksbank Raiffeisenbank EG, the fee you see is only part of what you pay. On top of the transfer fee, banks in between can deduct a fee, and if the money changes currency the bank often applies a rate that is less favourable than the real market rate.

Many banks rarely list their exchange rate markup as a cost – you only notice it if you compare. A simple test: set the rate you get next to the mid-market rate for the same moment and look at the difference.

Specialised transfer providers often use rates closer to the mid-market rate. Before your next transfer, take a minute to compare the total cost via GoldexPay. Choosing a specialist does not require leaving Volksbank Raiffeisenbank EG: you simply pay the service from your account.