Robeco Institutional Asset Management BV/Funds SWIFT/BIC code

What RGRBNL21 means for a payment to Robeco Institutional Asset Management BV/Funds

If an invoice shows RGRBNL21 or RGRBNL21XXX, you are looking at the identical address for Robeco Institutional Asset Management BV/Funds in Netherlands. Every bank on the SWIFT network uses BIC codes to direct payments between countries to the correct bank. In practice you usually come across the code on invoices from abroad, in payment forms and in the bank details that Robeco Institutional Asset Management BV/Funds provides.

This page is meant to help people who sends money to an account at Robeco Institutional Asset Management BV/Funds and wants to get the details right. The SWIFT code alone does not identify a personal account; that is what the IBAN or account number .

RGRBNL21 or RGRBNL21XXX – which one to use?

A BIC is built from fixed blocks: the first four letters identify the bank, characters five and six give the country and characters seven and eight mark the location. For Robeco Institutional Asset Management BV/Funds, the 8-character core is RGRBNL21.

The full version adds three more characters that identify a branch or department. When those three characters are XXX, the code points to the head office.

Enter the code in one piece, in upper case and without separators, exactly as shown here. Look out for the letter O and the digit 0 and the letter I and the digit 1; they are easy to mix up.

Scams that use SWIFT codes

Stay wary when someone suddenly asks you to pay into another account. That RGRBNL21 is a real code does not mean that the account is legitimate.

Verify changed bank details through a separate channel like a call to a number from an earlier contract. Watch out for urgent requests, odd spelling or a sender address that is slightly off. Acted too fast? Contact your bank without delay and have them start a recall.

Scams can also target the receiver: someone sends more than agreed and asks you to refund the difference to a new account. Wait until the money is actually in your account – ask Robeco Institutional Asset Management BV/Funds if something looks wrong.

Paying into Robeco Institutional Asset Management BV/Funds in EUR

Netherlands uses the Euro. Money sent in a different currency is exchanged into EUR before it reaches the account. Every conversion eats into the amount, even when no fee is shown.

Who does the conversion affects the final amount. Transferring the amount directly in EUR often prevents an extra conversion at the receiving end.

The rate for EUR changes constantly and quotes are often valid only for a short time. If you pay regularly, a slightly better rate add up over time.

Euro transfers to Robeco Institutional Asset Management BV/Funds: is a BIC needed?

Because Netherlands is in SEPA, a euro payment to Robeco Institutional Asset Management BV/Funds from another SEPA country usually requires just an IBAN. Most banking apps no longer ask for the BIC for these payments or fill it in for you.

For anything other than euros and from non-SEPA countries, RGRBNL21XXX remains part of the payment details. Some banks and apps still ask for the BIC out of habit; if so, enter RGRBNL21 or RGRBNL21XXX.

SEPA transfers normally land by the next business day. Provided no currency is converted, a SEPA transfer tends to be inexpensive; costs rise once a conversion is involved.

Head office or branch code at Robeco Institutional Asset Management BV/Funds?

With 224 codes in 1 locations, Robeco Institutional Asset Management BV/Funds belongs to the banks that register separate codes for parts of the organisation. The head office code is RGRBNL21XXX.

For most payments to a private or business account, the head office code RGRBNL21XXX is what you need. Only use a branch code when the account holder gives you that exact code.

When in doubt, check with the recipient for the exact BIC in their bank details. Branch codes are more likely to change than the head office code.

Getting paid from abroad into a Robeco Institutional Asset Management BV/Funds account

A sender in another country needs a few details from you. The basics are: the account holder’s name, IBAN or account number, RGRBNL21XXX and in many cases your home address.

You can add Robeco Institutional Asset Management BV/Funds and Rotterdam too, because some payment forms have separate fields for them. A mistake in your account number is more trouble than it looks.

Money from abroad does not always arrive for the full amount. Fees for incoming transfers vary per bank – the price list of Robeco Institutional Asset Management BV/Funds tells you what applies. Make clear with the sender who pays which costs, especially for larger amounts.

A note on our data

We collect bank codes using public sources and check our list from time to time. It can happen that information here is no longer current. The number of codes on this page are based on what is in our directory, not official figures from Robeco Institutional Asset Management BV/Funds.

Treat this page as a starting point, rather than as the final word. GoldexPay is not affiliated with Robeco Institutional Asset Management BV/Funds. Spotted outdated information? Let us know via our contact form.

When will the money arrive at Robeco Institutional Asset Management BV/Funds?

A SWIFT payment typically takes anywhere from one to several business days. Payments made after the cut-off time or on a weekend or public holiday usually go out the next business day. Extra checks on larger or unusual payments may also cause some delay, even when all details are correct.

A growing number of banks use SWIFT gpi. Each payment carries a unique reference, the UETR. Specialist transfer services often provide tracking online so you can see how far the payment is.

A missing payment is investigated from the sending side. Ask the sender for a copy of the payment confirmation including the reference – it helps your own bank look for the money.

Verifying the SWIFT code of Robeco Institutional Asset Management BV/Funds

Have the recipient copy the account details straight from their banking app. When the code you were given does not match RGRBNL21 or RGRBNL21XXX, stop and ask.

Errors in the SWIFT code are annoying more than disastrous: often the payment comes back, minus fees. A mistake in the account number can be a bigger problem because it can reach the wrong person; check it just as carefully.

A format check by your bank merely confirms that the IBAN is valid. Some banks now compare the name against the account before you confirm. For a first payment, many people start with a small test amount.

International transfers from Robeco Institutional Asset Management BV/Funds: the real cost

A bank transfer abroad can cost more than the fee suggests. On top of the transfer fee, banks in between can deduct a fee, and if the money changes currency the bank usually applies 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. Check the rate you are offered against the mid-market rate; the gap is what conversion costs you.

Money transfer services frequently use a rate near the mid-market rate and lower fees. On GoldexPay we compare the amount that arrives across services, which makes the cheapest option easy to spot. You can always keep your account at Robeco Institutional Asset Management BV/Funds to fund the transfer; only the conversion and sending happen elsewhere.