Volksbank Raiffeisenbank Laupheim-Illertal EG SWIFT/BIC code

VOLMDE61 – the SWIFT/BIC code of Volksbank Raiffeisenbank Laupheim-Illertal EG

VOLMDE61 and VOLMDE61XXX are two spellings of the same SWIFT/BIC code, and both point to Volksbank Raiffeisenbank Laupheim-Illertal EG in Laupheim. Banks worldwide use BIC codes to direct international transfers to the correct institution. In daily life you mostly come across the code on invoices from abroad, in payment forms and on the account details of Volksbank Raiffeisenbank Laupheim-Illertal EG customers.

Further down you will find the practical side: receiving money at Volksbank Raiffeisenbank Laupheim-Illertal EG, sending money abroad and how to verify the code before you hit send. The BIC identifies an institution, not a single account, which is why you always need the account number too.

Paying Volksbank Raiffeisenbank Laupheim-Illertal EG in euros within SEPA

Since Germany is part of SEPA, a euro transfer into Volksbank Raiffeisenbank Laupheim-Illertal EG from within the SEPA area usually requires just an IBAN. Most banking apps no longer ask for the BIC in that case or fill it in for you.

You will still need VOLMDE61XXX when sending payments in other currencies or money from outside the SEPA area. If your banking app has a field for the BIC anyway, entering VOLMDE61 does no harm.

Euro payments within SEPA usually arrive by the next business day. Charges on SEPA payments are generally low.

VOLMDE61 or VOLMDE61XXX – which one to use?

Every SWIFT/BIC code starts with the same eight core characters: four letters for the bank, a two-letter country code and a two-character location code. That gives you VOLMDE61.

The long version has a three-character extension for a branch or department. When those three characters are XXX, the code points to the head office, which is why VOLMDE61XXX and VOLMDE61 lead to the same place.

Do not add spaces when you type VOLMDE61 or VOLMDE61XXX. A wrong letter may route a payment to another bank, so check it twice.

Before you send: check the Volksbank Raiffeisenbank Laupheim-Illertal EG code

The safest source for a SWIFT code is the recipient’s own bank details. Compare it with VOLMDE61 on this page.

An incorrect BIC may lead to delays, a returned payment or extra fees. Do not forget the IBAN: a mistake there is more difficult to undo than a wrong code.

An automatic check in your banking app merely confirms that the IBAN exists, not that it is the right account. More and more banks compare the name against the account – do not ignore a mismatch warning. Sending a small amount first can be worth it for large sums.

A note on our data

Our SWIFT/BIC directory draws on public sources. Still, banks merge or change codes, so information can be out of date. Counts and locations come from our own dataset and may differ from what Volksbank Raiffeisenbank Laupheim-Illertal EG publishes.

See the information here as a handy check and rely on the recipient or Volksbank Raiffeisenbank Laupheim-Illertal EG for the final confirmation. GoldexPay is not affiliated with Volksbank Raiffeisenbank Laupheim-Illertal EG. Found an error? Let us know via our contact form.

International transfers from Volksbank Raiffeisenbank Laupheim-Illertal EG: the real cost

The price of a payment abroad has more than one component. There is the fee for the transfer itself, sometimes fees charged by intermediary banks along the way and, most importantly, the exchange rate markup when the money is converted.

Banks rarely list their exchange rate markup separately – you only notice it if you compare. A simple test: put the bank’s rate next to the mid-market rate and work out the difference on your amount.

For many currency pairs, a specialist provider is cheaper than a bank – mostly thanks to the rate. GoldexPay compares the amount that arrives with different providers. You can still use your account at Volksbank Raiffeisenbank Laupheim-Illertal EG.

Receiving money from abroad at Volksbank Raiffeisenbank Laupheim-Illertal EG

A sender in another country will ask for several details about your account – incomplete details often cause delays. In practice that means: your full name as registered with Volksbank Raiffeisenbank Laupheim-Illertal EG, your IBAN or account number, the BIC VOLMDE61XXX and usually your address.

Certain sending banks want the address of Volksbank Raiffeisenbank Laupheim-Illertal EG; it does no harm to include it. A mistake in the IBAN is harder to fix than it looks; copy them from your banking app rather than typing.

Money from abroad will not always arrive in full. Correspondent banks can take a fee and your own bank may charge for processing, and if the currency changes, an exchange rate margin applies. On invoices, it is common to agree how the fees are split.

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

An international transfer typically needs anywhere from one to several business days, depending on the currency, the route and the banks involved. Payments made late in the day or just before weekends and holidays usually go out a business day later. Extra checks by one of the banks may also cause a delay, even when all details are correct.

Many banks use SWIFT gpi, which lets them follow a payment from bank to bank. Each payment carries a unique transaction reference, the UETR. Save your transfer receipt; it contains the details a bank needs to start a trace.

A delayed transfer has to be traced from the sending side on the basis of the transfer details. On the receiving end, you can check your statements for a partial amount.

Head office or branch code at Volksbank Raiffeisenbank Laupheim-Illertal EG?

We have 2 SWIFT/BIC codes for Volksbank Raiffeisenbank Laupheim-Illertal EG, spread over 1 cities. Besides the head office code VOLMDE61XXX, you will find codes for regional offices and specialised units.

For the vast majority of payments to a private or business account, the head office code VOLMDE61XXX is the right choice. If you have been given a specific code, use it as it is rather than replacing it with the head office code.

When in doubt, check with the recipient which code their bank gave them. Branch codes are sometimes changed or retired when banks reorganise.

Watch out for payment fraud

One of the most common tricks works like this: you receive a request saying that a company has a new bank account and that the next payment should go there. A real SWIFT code says nothing about whether the request is genuine – scammers simply use real codes.

Before paying, confirm changed bank details by phone. Be suspicious of urgent requests, unusual wording or a sender address that is slightly off. When a payment has already gone to a fraudster, call your bank right away: the sooner they act, the better the chance of a recall.

Recipients can be targeted as well: one known trick is a buyer who pays too much followed by a request to send back the difference. A payment confirmation from the sender proves nothing.

Euro (EUR) and conversion costs

Germany uses the Euro, with the currency code EUR. When you pay another currency has to be converted somewhere along the way. There is rarely a separate line for that conversion; it is built into the rate.

Who converts the payment matters, because each party uses its own rate. Often you pay less to send EUR directly via a transfer service that converts near the mid-market rate rather than letting the receiving bank convert.

The rate for EUR changes constantly, so the amount you see is usually only valid for a short time. If you pay regularly, a slightly better rate add up over a year.