SWIFT Code RAESDE71 — RAIFFEISENBANK WESTALLGAEU EG, GESTRATZ

About SWIFT Code RAESDE71 — RAIFFEISENBANK WESTALLGAEU EG, GESTRATZ

SWIFT code RAESDE71 is the official 8-character head-office BIC (Bank Identifier Code) for RAIFFEISENBANK WESTALLGAEU EG in GESTRATZ, 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 WESTALLGAEU EG for all outward international remittances from GESTRATZ. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code RAESDE71

The code RAESDE71 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code RAESDE71

Receiving International Wire Transfers

To receive money from abroad at your RAIFFEISENBANK WESTALLGAEU EG account in GESTRATZ, share SWIFT code RAESDE71 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 WESTALLGAEU EG, GESTRATZ must provide SWIFT code RAESDE71. 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 WESTALLGAEU EG in GESTRATZ rely on SWIFT code RAESDE71 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 WESTALLGAEU EG →

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

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

How SWIFT Code RAESDE71 Routes an International Transfer

1. Initiation: The sender provides SWIFT code RAESDE71 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 WESTALLGAEU EG.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: RAIFFEISENBANK WESTALLGAEU EG receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code RAESDE71

• Spaces or lowercase letters — Always enter RAESDE71 uppercase with no spaces.
• Using the wrong city — This code is for GESTRATZ 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 RAESDE71 directly with RAIFFEISENBANK WESTALLGAEU EG's GESTRATZ branch or via the SWIFT BIC Directory.