Robeco Institutional Asset Management B.V. SWIFT/BIC code

RGVMNL2R – the SWIFT/BIC code of Robeco Institutional Asset Management B.V.

If an invoice shows RGVMNL2R or RGVMNL2RXXX, you are looking at the identical address for Robeco Institutional Asset Management B.V. in Netherlands. A SWIFT code tells the banks handling a payment which institution is meant to get the money. You will need it mainly for transfers between countries and payments in foreign currencies.

Below we go through the practical side: receiving money at Robeco Institutional Asset Management B.V., sending money abroad and how to check a SWIFT code before you hit send. Keep in mind that the SWIFT code just identifies the bank, not the person: the account number or IBAN does that part.

How to check RGVMNL2R before you pay

The best place to find the right code is paperwork issued by the bank like a bank statement or the account page in online banking. Compare that code against RGVMNL2R here and ask if anything does not match.

Errors in the SWIFT code are annoying rather than disastrous – usually the money comes back, minus fees and time lost. Remember the IBAN: a mistake there can be more difficult to correct than a wrong code.

A validity check by your bank only tells you that the IBAN is valid. Some banks now compare the payee name with the account before you confirm. A small test payment can be a sensible step for a large first payment, even if it costs an extra fee.

International transfers from Robeco Institutional Asset Management B.V.: the real cost

An international bank payment costs rather more than the listed fee. On top of the transfer fee, banks in between may take a cut, and if currencies are converted the bank usually applies a rate that is less favourable than the actual market rate.

The real cost is often in the rate, rather than in the fee: the bank converts at a rate with a margin built in. A simple test: set the bank’s rate next to the mid-market rate and work out the difference on your amount.

Money transfer services often offer rates closer to the mid-market rate with clearer fees. GoldexPay compares these services side by side so you can see what actually arrives for the same amount sent. Using a transfer service does not mean leaving Robeco Institutional Asset Management B.V.: you simply pay the service from your account.

Protect yourself against fake payment requests

Criminals regularly use fake invoices with new bank details sent from what looks like a familiar address. A valid SWIFT code says nothing about whether the request is genuine – scammers simply use real codes.

Never trust contact details from the same email that contains the change. Watch out for urgent requests, unusual wording or an email address that differs by one letter. When a payment was sent to the wrong account, call your bank right away.

Fraud can also target the receiver: someone claims to have sent more than agreed and asks you to return the difference to a new account. A screenshot of a transfer proves nothing.

Euro transfers to Robeco Institutional Asset Management B.V.: is a BIC needed?

Netherlands belongs to the Single Euro Payments Area (SEPA), the zone for standardised euro payments. For a standard euro transfer from another SEPA country, you normally only need the IBAN; many banks no longer ask for the BIC.

For anything other than euros and for senders outside SEPA, RGVMNL2RXXX remains required. If a payment form has a field for the BIC regardless, adding RGVMNL2R is fine.

Instant payments in euros are increasingly supported within SEPA – whether Robeco Institutional Asset Management B.V. offers them for your account is worth checking. Provided no currency is converted, a SEPA transfer tends to be cheap; costs rise once a conversion is involved.

Receiving money from abroad at Robeco Institutional Asset Management B.V.

A sender in another country needs several details about your account, and missing ones are a common cause of delays. What they need is: the account holder’s name, IBAN or account number, RGVMNL2RXXX and, for some countries, your home address.

It helps to add the bank name and Rotterdam too, since some forms ask for it. A mistake in the IBAN is more trouble than it looks.

An incoming payment does not always arrive for the full amount. Fees for incoming transfers differ from bank to bank; check the price list of Robeco Institutional Asset Management B.V.. Agree with the sender who pays which costs, especially for larger amounts.

Robeco Institutional Asset Management B.V.: head office code versus branch codes

We have 583 SWIFT/BIC codes for Robeco Institutional Asset Management B.V., spread over 1 locations. Besides the head office code RGVMNL2RXXX, there are codes for regional offices and specialised units.

In most cases there is no need to look up a branch: transfers addressed to RGVMNL2RXXX are routed within Robeco Institutional Asset Management B.V. without problems. Branch codes are only needed if the account holder explicitly mentions it.

Not sure which code to use? Ask the recipient or the bank itself. Branch codes are more prone to change than RGVMNL2RXXX when a bank merges or closes offices.

How long does an international transfer to Robeco Institutional Asset Management B.V. take?

How fast a transfer reaches Robeco Institutional Asset Management B.V. depends on a few things: the currency, the number of banks in between, cut-off times and time zones. Transfers sent after the cut-off time or just before a weekend or public holiday often go out the next business day. Occasionally a bank asks about the purpose of a payment.

When a payment takes longer than expected, contact the sending bank about the tracking status or the UETR so they can trace it along the chain. Specialist transfer services often show a status in their app showing where the payment has got.

A missing payment has to be traced by the sending bank on the basis of the transfer details. As a recipient, you can check your account for a partial amount, since fees may have been deducted.

8 or 11 characters: RGVMNL2R versus RGVMNL2RXXX

The structure of a BIC is always the same: four characters for the institution, a two-letter country code and two for the location, sometimes followed by a branch code. Together, those parts make up RGVMNL2R.

The 11-character version adds a three-character extension that identify a branch or department. When those three characters are XXX, they simply mean the head office, so RGVMNL2RXXX and RGVMNL2R are interchangeable.

As a rule the code is typed in capitals and without spaces. Pasting the code is safer than retyping it, because one wrong letter changes the bank.

Paying into Robeco Institutional Asset Management B.V. in EUR

Accounts at Robeco Institutional Asset Management B.V. are usually held in EUR, the local currency of Netherlands. Money sent in a different currency is converted into EUR before it reaches the account, and whoever converts it chooses the rate. Every conversion costs the amount.

Which bank converts the money makes a difference. Often it is cheaper if you send EUR straight away through a transfer service with a good rate, so that the receiving bank does not need to convert again.

The EUR rate changes throughout the day, so the amount you see is usually only valid for a short time. For regular payments, small differences in the rate make a real difference over time.

How up to date is this code?

The codes on this page are taken from publicly available data that we update regularly. It can happen that information on this page is out of date, for example after a merger. Figures such as the number of codes are from our directory and may differ from what Robeco Institutional Asset Management B.V. publishes.

Before a payment of any size, always check the BIC with the recipient’s bank or the recipient. We are a comparison service for money transfers and not affiliated with Robeco Institutional Asset Management B.V.. Spotted an error? Tell us through the contact page and we will look into it.