SWIFT Code RAFKDE81 — RAIFFEISENBANK EG, IHLOW

About SWIFT Code RAFKDE81 — RAIFFEISENBANK EG, IHLOW

SWIFT code RAFKDE81 is the official 8-character head-office BIC (Bank Identifier Code) for RAIFFEISENBANK EG in IHLOW, 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 RAIFFEISENBANK EG for all outward international remittances from IHLOW. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code RAFKDE81

The code RAFKDE81 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code RAFKDE81

Receiving International Wire Transfers

To receive money from abroad at your RAIFFEISENBANK EG account in IHLOW, share SWIFT code RAFKDE81 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 RAIFFEISENBANK EG, IHLOW must provide SWIFT code RAFKDE81. 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 RAIFFEISENBANK EG in IHLOW rely on SWIFT code RAFKDE81 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 RAIFFEISENBANK EG →

For cheque clearing or NACH mandates, use the MICR code for RAIFFEISENBANK EG →

For TDS challan deposits, find the BSR code for RAIFFEISENBANK EG →

How SWIFT Code RAFKDE81 Routes an International Transfer

1. Initiation: The sender provides SWIFT code RAFKDE81 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 RAIFFEISENBANK EG.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: RAIFFEISENBANK EG receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code RAFKDE81

• Spaces or lowercase letters — Always enter RAFKDE81 uppercase with no spaces.
• Using the wrong city — This code is for IHLOW 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 RAFKDE81 directly with RAIFFEISENBANK EG's IHLOW branch or via the SWIFT BIC Directory.