Vr-Bank Handels- und Gewerbebank EG SWIFT/BIC code

SWIFT/BIC code of Vr-Bank Handels- und Gewerbebank EG

The 8-character code VRHGDE71 and the 11-character code VRHGDE71XXX refer to one and the same institution: Vr-Bank Handels- und Gewerbebank EG, with its head office in Augsburg. A BIC does one job: it ensures that an international payment ends up at the right bank. You will need it mainly when dealing with transfers between countries.

We wrote this page to help anyone who sends money to an account at Vr-Bank Handels- und Gewerbebank EG. A SWIFT code identifies a bank or branch, never a single account, which is why you always need the account number too.

About this information

The details on this page come from publicly available data that we update regularly. Institutions merge, change names and retire codes – a directory can be a step behind. Figures such as the number of codes are from our own dataset and are not confirmed by Vr-Bank Handels- und Gewerbebank EG.

For any payment of any size, always confirm the code with Vr-Bank Handels- und Gewerbebank EG or the recipient. GoldexPay has no connection to Vr-Bank Handels- und Gewerbebank EG; we are a comparison site for money transfers. Spotted an error? Let us know via our contact form and we will look into it.

Before you send: check the Vr-Bank Handels- und Gewerbebank EG code

The most reliable source for the BIC is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. If the code you have differs from VRHGDE71 or VRHGDE71XXX, do not guess: check with the recipient or with Vr-Bank Handels- und Gewerbebank EG directly.

With a wrong code, the transfer may be delayed, be returned or cost extra – sometimes after weeks of searching. Do not forget the account number: an error there is harder to correct than a wrong BIC.

An automatic check in your banking app merely confirms that the code is valid – not that it belongs to the person you mean to pay. Some banks now check the name with the account before you confirm. Sending a small amount first can be worth it for large sums despite the extra fee.

Protect yourself against fake payment requests

Fraudsters regularly send payment requests with new bank details. That VRHGDE71 is a real code is no guarantee that the account is genuine; criminals use the codes of real banks too.

Never rely on contact details in the same message that contains the new account. Urgency or secrecy tend to be warning signs. Already paid? Call your bank straight away and have them try to recall the payment; also report it to the police.

People receiving money are targeted too: one known trick is a buyer who pays too much and then sends a request to send back the difference. A screenshot of a transfer is no proof – check your own account.

Paying Vr-Bank Handels- und Gewerbebank EG in euros within SEPA

Inside SEPA, euro payments to an account in Germany follow the same rules, so the IBAN does the job in most cases. A field for the BIC is usually optional or missing in that case.

The BIC still come into play when the currency is not euros and when the money comes from outside SEPA. If a payment form has a field for the BIC regardless, entering VRHGDE71 does no harm.

Instant payments in euros are widely supported within SEPA; check with Vr-Bank Handels- und Gewerbebank EG whether it applies to your account. Charges on SEPA payments are generally low as long as everything stays in euros.

Paying someone abroad from your Vr-Bank Handels- und Gewerbebank EG account

The price of a payment abroad is made up of more than one component. On top of a fixed fee, banks in between can deduct a fee, and if currencies are converted, the bank usually uses a rate that is less favourable than the real market rate.

Most of the cost usually sits in the exchange rate: the bank converts using an exchange rate that includes a margin. A simple test: put the rate you get 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 transfer service turns out to be less expensive than a bank, mainly because of the exchange rate. Before your next transfer, take a minute to compare what arrives on GoldexPay instead of going straight to your bank. Using a transfer service does not require closing your account at Vr-Bank Handels- und Gewerbebank EG – you pay the provider from your own account.

Paying into Vr-Bank Handels- und Gewerbebank EG in EUR

The local currency of Germany is the Euro (EUR). When you pay another currency, the amount gets converted somewhere along the way – by your bank, by Vr-Bank Handels- und Gewerbebank EG or by a bank in between. Each conversion eats into something, even when no fee is shown.

Which bank converts the payment makes a difference: every bank has its own margin. In many cases it is cheaper to send EUR directly via a provider that converts near the mid-market rate.

The rate for EUR changes constantly and quotes are often valid only for a short time. On larger amounts, a seemingly small difference in the rate can be worth more than the fee.

Why Vr-Bank Handels- und Gewerbebank EG has an 8- and an 11-character code

A SWIFT code is built from fixed blocks: the first four letters identify the bank, the next two give the country and characters seven and eight indicate the location. Combined, these eight characters make up VRHGDE71 – the version you usually see online.

XXX at the end of VRHGDE71XXX is not a missing value or a mistake: it indicates the main office of Vr-Bank Handels- und Gewerbebank EG. Certain payment forms ask for 11 characters, in which case you can add XXX behind VRHGDE71.

In practice the code is written in capitals. Pasting the code is safer than retyping it.

Which of the 2 codes of Vr-Bank Handels- und Gewerbebank EG do you need?

Our database contains 2 SWIFT/BIC codes for Vr-Bank Handels- und Gewerbebank EG, spread over 2 cities. Next to the head office code VRHGDE71XXX, there are codes for regional offices and specialised units.

Unless the recipient tells you otherwise, use VRHGDE71XXX or its short form VRHGDE71. Only use a branch code when the account holder gives you that exact code.

Not sure which code to use? Ask the recipient. Branch codes can change when banks reorganise.

What to give a sender who pays you at Vr-Bank Handels- und Gewerbebank EG

Someone abroad who wants to pay you will ask for several details about your account – incomplete details often cause delays. The basics are: the account holder’s name, IBAN or account number, VRHGDE71XXX and in many cases your postal address.

It helps to include the bank name and Augsburg too. A typo in your account number can be harder to fix than you might think, so copy the details from your online banking.

What lands in your account can be lower than what was sent. Charges on incoming payments vary from bank to bank. On invoices, it is common to agree how the fees are split, so that nobody is left short.

Tracking a transfer to or from Vr-Bank Handels- und Gewerbebank EG

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

When a payment takes longer than expected, contact your bank for the status or the UETR. Money transfer services usually show a status in their app showing where the payment is.

A delayed transfer is traced from the sending side on the basis of the transfer details. As a recipient, it helps to look at your statements to see a slightly lower amount.