The Royal Bank of Scotland N.V. SWIFT/BIC code

What RBOSNL2R means for a payment to The Royal Bank of Scotland N.V.

RBOSNL2R and RBOSNL2RXXX are two ways of writing the same SWIFT/BIC code, and both lead to The Royal Bank of Scotland N.V. in Amsterdam. A SWIFT code tells the sending bank which institution should receive the money, much like a postcode for banks. You will need it mainly when dealing with transfers between countries or a currency.

On this page we explain how the code is put together, when you need it and which other details a transfer to or from The Royal Bank of Scotland N.V. requires. Remember that the BIC only identifies the bank, not the account: the IBAN or account number does that part.

Why The Royal Bank of Scotland N.V. has an 8- and an 11-character code

A BIC is made up of a few fixed parts: characters one to four stand for the bank, the next two give the country and characters seven and eight indicate the location. The result is RBOSNL2R, the short form of the code.

The full version has a three-character extension for a branch or department. If the last three are XXX, the code points to the head office, which is why RBOSNL2RXXX and RBOSNL2R lead to the same place.

In practice the code is written in capitals, without spaces or dashes. Copying the code beats retyping it.

Euro (EUR) and conversion costs

The local currency in Netherlands is the Euro (EUR). When you pay another currency it has to be converted somewhere along the way: by your bank, an intermediary or The Royal Bank of Scotland N.V. itself. Each conversion eats into something.

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

Exchange rates change all the time – some services let you fix a rate in advance. On larger amounts, even small difference in the rate can be worth more than the fee.

Incoming international payments to The Royal Bank of Scotland N.V.

If you expect a payment from another country, give the sender a complete set of details. Give them the account holder’s name, your account number or IBAN, the BIC RBOSNL2RXXX and your address.

Certain banks want the address of The Royal Bank of Scotland N.V. in Amsterdam. Check every detail before you send them.

The amount you receive can be lower than the amount sent. Charges on incoming payments vary per bank – the price list of The Royal Bank of Scotland N.V. tells you what applies. Make clear with the sender who pays which costs before the money is sent.

Which of the 7 codes of The Royal Bank of Scotland N.V. do you need?

Having 7 codes in 1 cities, The Royal Bank of Scotland N.V. belongs to the banks that use separate codes for parts of the organisation. The head office code remains RBOSNL2RXXX.

Unless the recipient tells you otherwise, use RBOSNL2RXXX. If you have been given a specific code, use it as it is instead of swapping it for the head office code.

The best way is to take the code directly from the recipient’s invoice. Codes for branches are more prone to change than RBOSNL2RXXX.

Transfer times and tracking a payment to The Royal Bank of Scotland N.V.

How quickly a transfer reaches The Royal Bank of Scotland N.V. depends on a few things: the currency, how many intermediary banks are involved, cut-off times and time zones. Payments made after the cut-off time or on weekends and holidays usually start a business day later. Compliance checks on larger or unusual payments may also cause some delay, even when all details are correct.

Many banks use SWIFT gpi for faster and traceable payments. Each payment carries a unique transaction reference, the UETR that banks can use to trace it. Specialist transfer services usually provide tracking online so you can see how far the money has got.

Only the sending bank can start an official trace; the receiving side usually has nothing to trace yet. As a recipient, it helps to look at your account for a slightly lower amount, since fees may have been deducted.

Changed bank details? Be careful

One of the most common tricks goes like this: you receive a request saying that a company has a new bank account and that the next payment should go there. A valid SWIFT code tells you nothing about whether the request is genuine.

Before paying, confirm changed bank details by phone, using a number you already had. Urgency and requests to keep it quiet are warning signs. Acted too fast? Contact the bank you paid from straight away and ask them to start a recall and report the fraud.

Recipients can be targeted as well: one known trick is a buyer who pays too much followed by a request to refund the difference abroad. Do not act before the money has really arrived – ask The Royal Bank of Scotland N.V. if something looks wrong.

Euro transfers to The Royal Bank of Scotland N.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, the IBAN is usually enough; many banks no longer ask for the BIC.

You still need RBOSNL2RXXX when sending non-euro payments or money from outside the SEPA area. Some forms also ask for the BIC out of habit; if so, fill in RBOSNL2R.

Euro payments within SEPA normally land by the next business day, and instant transfers in seconds where both banks support them. Fees for SEPA transfers tend to be low.

Verifying the SWIFT code of The Royal Bank of Scotland N.V.

The best place to find the correct BIC remains a document from the bank itself, such as a statement or the account details in online banking. When the code you were given differs from RBOSNL2R or RBOSNL2RXXX, do not guess – contact the recipient or The Royal Bank of Scotland N.V..

Mistakes in the BIC tend to be annoying more than disastrous. An error in the account number is more serious, because the money may be credited to someone else, so check that just as carefully.

Most online banking apps validate the format of an IBAN and sometimes look up the BIC automatically. If your bank offers it, a name check on the recipient adds an extra layer of safety. For a first payment, many people send a small amount first before sending the rest.

Paying someone abroad from your The Royal Bank of Scotland N.V. account

A bank transfer abroad can cost rather more than the listed fee. You pay the transfer fee, sometimes fees charged by intermediary banks in between and, most importantly, the exchange rate markup when the money is converted.

That exchange rate margin is often the biggest item, and it is easy to miss. Compare the rate you are offered with the mid-market rate. The difference is your real conversion cost.

Money transfer services frequently use a rate near the mid-market rate and lower fees. On GoldexPay you can compare the amount that arrives with different providers, which makes the cheapest option easy to spot. You can always use your account at The Royal Bank of Scotland N.V. as the source of the money; only the conversion and sending happen elsewhere.

How up to date is this code?

We collect bank codes from publicly available data and check our list regularly. Still, banks merge, rename themselves or change codes and our data may lag behind. Figures such as the number of codes are from our directory and are not confirmed by The Royal Bank of Scotland N.V..

For a payment of any size, always check the code with The Royal Bank of Scotland N.V. or the recipient. GoldexPay is independent of The Royal Bank of Scotland N.V.; we are a comparison site for money transfers. Should you notice a mistake, we appreciate a short note via the contact page.