Detailed Guide: Using RAIFFEISENBANK YBBSTAL EGEN SWIFT Code for Global Transfers
When dealing with international finance, precision is paramount. The RLNWATWWWHY Business Identifier Code (BIC) is the exclusive digital signature for RAIFFEISENBANK YBBSTAL EGEN located in Waidhofen an der Ybbs. Without this precise string of characters, your international wire transfer could be delayed, routed to the wrong intermediary, or returned with significant banking fees.
1. Understanding the 11-Character Logic
The code RLNWATWWWHY is not a random sequence. It follows a strict ISO-9362
hierarchy that tells the global financial system exactly where your money needs to land:
- RLNW: The Bank Code representing RAIFFEISENBANK YBBSTAL EGEN globally.
- AT: The Country Code, identifying that the bank is regulated under Austria laws.
- WW: The Location Code, usually pointing to the Waidhofen an der Ybbs hub.
- WHY: The Branch Code, specifying this exact physical office.
2. How to Receive Money in Waidhofen an der Ybbs
If you are a resident or business owner in Waidhofen an der Ybbs, you must provide the following information to your international sender. For transactions involving RAIFFEISENBANK YBBSTAL EGEN, ensure these fields are filled accurately in the MT103 (SWIFT Message Type):
| Field Name | Required Value |
|---|---|
| Beneficiary Name | Your Full Legal Name |
| Account Number | IBAN or Regional Account Format |
| BIC/SWIFT | RLNWATWWWHY |
| Destination Bank | RAIFFEISENBANK YBBSTAL EGEN |
| Branch Location | Waidhofen an der Ybbs, Austria |
3. Potential Fees & Intermediary Banking
It is important to note that a transfer to RAIFFEISENBANK YBBSTAL EGEN might not be direct. Depending on the relationship between your sender's bank and the AT banking system, an "Intermediary Bank" might be involved. These banks may deduct a "Handling Fee" ranging from $15 to $50. Always ask your sender to choose the OUR instruction if they wish to cover all costs, or SHA to share the fees with you.
4. Frequently Asked Questions (Verified Answers)
What happens if I use the Head Office SWIFT instead of the Waidhofen an der Ybbs branch code?
In most cases, RAIFFEISENBANK YBBSTAL EGEN will
automatically route the funds to your account based on your Account Number/IBAN. However,
using the local RLNWATWWWHY is recommended for faster processing
and lower risk of manual intervention.
Is RLNWATWWWHY the same as a Routing Number?
No. Routing numbers are primarily used for domestic transfers within the USA. For international transfers to Austria, the SWIFT code is the standard identifier used by the global banking network.
How can I verify if this code is still active?
The code RLNWATWWWHY for
RAIFFEISENBANK YBBSTAL EGEN is part of the latest directory update. We
periodically refresh our database to ensure all codes for Waidhofen an der Ybbs are compliant
with current financial standards.
Note: Financial data changes. While RLNWATWWWHY is
verified for RAIFFEISENBANK YBBSTAL EGEN, always perform a small test transfer for high-value
transactions. This resource is for educational purposes regarding the banking infrastructure in
Waidhofen an der Ybbs, Austria.