SWIFT Code RAKRDE61 — RAIFFEISENBANK KRUMBACH/SCHWABEN EG, ZIEMETSHAUSEN

About SWIFT Code RAKRDE61 — RAIFFEISENBANK KRUMBACH/SCHWABEN EG, ZIEMETSHAUSEN

SWIFT code RAKRDE61 is the official 8-character head-office BIC (Bank Identifier Code) for RAIFFEISENBANK KRUMBACH/SCHWABEN EG in ZIEMETSHAUSEN, 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 KRUMBACH/SCHWABEN EG for all outward international remittances from ZIEMETSHAUSEN. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code RAKRDE61

The code RAKRDE61 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code RAKRDE61

Receiving International Wire Transfers

To receive money from abroad at your RAIFFEISENBANK KRUMBACH/SCHWABEN EG account in ZIEMETSHAUSEN, share SWIFT code RAKRDE61 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 KRUMBACH/SCHWABEN EG, ZIEMETSHAUSEN must provide SWIFT code RAKRDE61. 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 KRUMBACH/SCHWABEN EG in ZIEMETSHAUSEN rely on SWIFT code RAKRDE61 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 KRUMBACH/SCHWABEN EG →

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

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

How SWIFT Code RAKRDE61 Routes an International Transfer

1. Initiation: The sender provides SWIFT code RAKRDE61 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 KRUMBACH/SCHWABEN EG.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: RAIFFEISENBANK KRUMBACH/SCHWABEN EG receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code RAKRDE61

• Spaces or lowercase letters — Always enter RAKRDE61 uppercase with no spaces.
• Using the wrong city — This code is for ZIEMETSHAUSEN 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 RAKRDE61 directly with RAIFFEISENBANK KRUMBACH/SCHWABEN EG's ZIEMETSHAUSEN branch or via the SWIFT BIC Directory.