Vr-Bank EG SWIFT/BIC code

VRAKDE51 – the SWIFT/BIC code of Vr-Bank EG

The short code VRAKDE51 and the 11-character code VRAKDE51XXX identify the same bank: Vr-Bank EG, with its head office in Kleinostheim. Banks worldwide use BIC codes to route payments between countries to the right bank. In practice you mostly see the code on invoices from abroad, in payment forms and in the bank details of Vr-Bank EG customers.

This page is meant to help anyone who sends money to an account at Vr-Bank EG without mistakes. The SWIFT code alone cannot identify an individual account holder; for that you need the IBAN or account number .

Sending EUR to Vr-Bank EG

Germany uses the Euro (EUR). A payment in a foreign currency will be exchanged into EUR on its way to Vr-Bank EG. Every conversion costs something – usually through the rate rather than a fee.

Where the conversion happens affects how much arrives. Check what EUR the recipient gets via different services; the difference between options can be larger than you expect.

Rates for EUR change all the time. If you pay regularly, a slightly better rate make a real difference over a year.

Vr-Bank EG: head office code versus branch codes

We have 11 SWIFT/BIC codes for Vr-Bank EG in 10 places. Besides the head office code VRAKDE51XXX, you will find codes for regional offices and specialised units.

For the vast majority of incoming transfers, the head office code VRAKDE51XXX is what you need. Only use a branch code when the account holder gives you that exact code.

Unsure which code to use? Check with the recipient. Codes for branches are more prone to change than VRAKDE51XXX.

Scams that use SWIFT codes

Stay alert if someone unexpectedly wants you to send money to a different account. A real SWIFT code says nothing about whether the request is genuine: scammers use real codes of real banks.

Always confirm changed bank details through a phone call, using a number you already had. Watch out for time pressure, unusual wording or a sender address that is slightly off. Already paid? Contact the bank you paid from straight away and ask them to start a recall and report the fraud.

People receiving money are targeted too: a classic trick is an overpayment and then sends a request to refund the difference to another account. A screenshot of a transfer is no proof – check your own account.

How long does an international transfer to Vr-Bank EG take?

How fast a transfer reaches Vr-Bank EG is determined by several factors: the currency, the number of banks in between, daily processing deadlines and time zones. Transfers sent after the cut-off time or just before weekends and holidays often go out a business day later. Occasionally a bank wants to know about the purpose of a payment before releasing it.

A growing number of banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Each gpi transfer carries a unique transaction reference, the UETR. Specialist transfer services often show a status online so you can see where the money has got.

If the money does not arrive after a few business days, the sender should start with their own bank rather than Vr-Bank EG. Request from the sender a copy of the payment confirmation; that often settles the question quickly.

Before you send: check the Vr-Bank EG code

Have the recipient copy their account details directly from their banking app. Check it with VRAKDE51 here.

Errors in the BIC tend to be costly more than fatal – usually the money comes back, minus fees and time lost. Remember the IBAN: an error there is harder to correct than a wrong BIC.

Most online banking apps check the structure of IBANs and some suggest the matching BIC. More and more banks compare the payee name with the account before you confirm – do not ignore a mismatch warning. Sending a small amount first is a sensible step for large sums, even if it costs an extra fee.

Incoming international payments to Vr-Bank EG

Someone abroad who wants to pay you needs several details about your account – incomplete details often cause delays. Share your name as the bank knows it, your account number or IBAN, SWIFT code VRAKDE51XXX and your address.

The sender’s bank might also ask for the bank address of Vr-Bank EG, in which case the Kleinostheim head office is the usual answer. A mistake in the IBAN can be harder to fix than it looks.

Expect that the amount credited is below what the sender paid. Fees for incoming transfers differ per bank; check the price list of Vr-Bank EG. Agree with the sender who covers the fees before the money is sent.

SEPA payments and the Vr-Bank EG BIC

Inside SEPA, euro payments to Vr-Bank EG use common rules and in most cases need only the IBAN. A field for the BIC is often optional in that case.

For anything other than euros and for senders outside SEPA, VRAKDE51XXX or VRAKDE51 is still required. A few banks and apps still ask for the BIC; in that case, fill in VRAKDE51.

SEPA transfers normally land within one business day, and instant transfers in seconds where both banks support them. As long as no currency is converted, a SEPA transfer tends to be inexpensive; costs rise once a conversion is involved.

International transfers from Vr-Bank EG: the real cost

A bank transfer abroad costs more than the listed fee. You pay the fee for the transfer itself, sometimes fees charged by intermediary banks in between and, above all, the margin on the exchange rate.

That exchange rate margin tends to be the biggest item. Check the rate you are offered with the mid-market rate.

For many routes, a specialist provider turns out to be less expensive than a bank – mostly thanks to the rate. Next time you send money, take a minute comparing the total cost on GoldexPay rather than accepting the bank’s rate by default. Using a transfer service does not require leaving Vr-Bank EG: you simply pay the service from your account.

What the XXX in VRAKDE51XXX means

The structure of every SWIFT code is always the same: a bank code of four letters, a two-letter country code and two for the location, plus an optional branch code. That gives you VRAKDE51, the short form of the code.

Many payment forms work with either length. If a form asks for eleven characters, enter VRAKDE51XXX.

Type the code in one piece, in capitals and without spaces. Watch for O versus 0 and the letter I and the digit 1, a common source of typos.

Where our SWIFT data comes from

This directory is compiled from public sources and is updated regularly. Still, banks merge, rename themselves or retire codes. The number of codes on this page are based on what is in our directory.

Treat the information on this page as a handy check and rely on the recipient or Vr-Bank EG for the final confirmation. GoldexPay is not affiliated with Vr-Bank EG; we are a comparison site for money transfers. Should you notice something that is out of date, we welcome a message.