When sending international wire transfers, accurately providing bank details is critical to ensure funds reach their destination without delays. One of the most important pieces of information is the SWIFT/BIC code, particularly when dealing with major financial institutions like SOCIETE GENERALE.
SOCIETE GENERALE SWIFT Code Details
As one of France's leading banks, SOCIETE GENERALE plays a significant role in international financial transactions. Its SWIFT code is structured as follows:
- Bank Name: SOCIETE GENERALE
- SWIFT/BIC Code: SOGEFRPPAED
- City: Paris
- Address: DENFERT, Paris
- Country: France
Key Considerations for Error-Free Transfers
To minimize potential issues when sending funds to SOCIETE GENERALE accounts, pay attention to these essential factors:
- Verify bank information: Confirm that the SWIFT code matches the recipient bank's name precisely to prevent misdirected payments.
- Double-check code entry: Carefully review the SWIFT code before submission, as even minor typographical errors can cause significant processing delays.
- Understand currency conversion: Be aware that sending USD may result in the recipient receiving EUR, with the exact amount subject to exchange rates and fees. For example, a transfer of $10,000 might convert to approximately €8,445.
Processing Times and Payment Methods
When initiating transfers through SOCIETE GENERALE, direct debit transactions typically complete within three business days. The choice of payment method and currency can significantly impact both processing time and the final amount received.
For those unfamiliar with international banking protocols, consulting with bank representatives can provide clarity on specific transaction requirements and help navigate the complexities of cross-border payments.