SWIFT Code RASPDE51 — RAIFFEISEN SPAR+KREDITBANK EG, SCHNAITTACH

About SWIFT Code RASPDE51 — RAIFFEISEN SPAR+KREDITBANK EG, SCHNAITTACH

SWIFT code RASPDE51 is the official 8-character head-office BIC (Bank Identifier Code) for RAIFFEISEN SPAR+KREDITBANK EG in SCHNAITTACH, Germany. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by RAIFFEISEN SPAR+KREDITBANK EG for all outward international remittances from SCHNAITTACH. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code RASPDE51

The code RASPDE51 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code RASPDE51

Receiving International Wire Transfers

To receive money from abroad at your RAIFFEISEN SPAR+KREDITBANK EG account in SCHNAITTACH, share SWIFT code RASPDE51 with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at RAIFFEISEN SPAR+KREDITBANK EG, SCHNAITTACH must provide SWIFT code RASPDE51. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using RAIFFEISEN SPAR+KREDITBANK EG in SCHNAITTACH rely on SWIFT code RASPDE51 for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for RAIFFEISEN SPAR+KREDITBANK EG →

For cheque clearing or NACH mandates, use the MICR code for RAIFFEISEN SPAR+KREDITBANK EG →

For TDS challan deposits, find the BSR code for RAIFFEISEN SPAR+KREDITBANK EG →

How SWIFT Code RASPDE51 Routes an International Transfer

1. Initiation: The sender provides SWIFT code RASPDE51 and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to RAIFFEISEN SPAR+KREDITBANK EG.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: RAIFFEISEN SPAR+KREDITBANK EG receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code RASPDE51

• Spaces or lowercase letters — Always enter RASPDE51 uppercase with no spaces.
• Using the wrong city — This code is for SCHNAITTACH only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within Germany.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm RASPDE51 directly with RAIFFEISEN SPAR+KREDITBANK EG's SCHNAITTACH branch or via the SWIFT BIC Directory.