When initiating international money transfers, one critical consideration is ensuring funds reach the intended account securely and accurately. The SWIFT/BIC code system, adopted by financial institutions worldwide, facilitates this process with remarkable efficiency and reliability.
SOCIETE GENERALE , the prominent French financial services group headquartered at 17 Cours Valmy, Puteaux, Hauts-de-Seine, 92972 France, operates with the standardized SWIFT code SOGEFRPPADM . This alphanumeric identifier serves as both a bank fingerprint and a transaction safeguard in cross-border payments.
The precision of SWIFT codes proves particularly vital for international wire transfers. For instance, when sending $10,000.00 to France, the recipient would receive approximately €8,446.00, with the transaction typically completing within three business days. Processing times may vary slightly depending on transfer methods and institutional workflows.
The SWIFT network's primary advantages lie in its global reach and operational efficiency. Each transaction receives real-time monitoring and security verification, with comprehensive tracking available throughout the transfer process. This transparency allows both sending and receiving parties to monitor payment status with confidence.
For individuals and businesses conducting financial operations with French counterparts, understanding SWIFT protocols represents a fundamental aspect of international banking. Proper utilization of SOCIETE GENERALE's designated code ensures accurate fund routing, minimizes processing delays, and provides essential financial safeguards.