SWIFT/BIC code PAREFRPPCIB
PAREFRPPCIB belongs to Parel in Paris, France.
Code details
| SWIFT/BIC code | PAREFRPPCIB |
|---|---|
| 8-character code | PAREFRPP |
| Branch code | CIB |
| Bank | Parel |
| Branch | Group Holdings |
| City | Paris |
| Country | France |
How the Parel SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- PARE Bank code
- 4 letters that identify the bank.
- FR Country code
- 2 letters for the country (ISO 3166).
- PP Location code
- 2 characters for the city or region of the head office.
- CIB Branch code
- 3 characters for a specific branch. XXX means the head office.
Check before you send
- Ask the recipient which bank and branch the account is held at.
- Use the head office code (XXX) when no branch is specified.
- Make sure the country in the code matches the country of the account.
Frequently asked questions
Which branch uses SWIFT/BIC code PAREFRPPCIB?
The code PAREFRPPCIB belongs to Group Holdings, a unit of Parel in Paris, France. Use this branch code only when the recipient or their bank explicitly asks for it.
What do the letters in PAREFRPPCIB stand for?
PARE is the institution code of Parel, FR is the ISO code of France, PP is the code for the city or region and CIB identifies the department Group Holdings.
Do I need PAREFRPPCIB for a euro transfer to France?
France belongs to the SEPA area. For euro transfers the IBAN normally suffices. If you send another currency you do need PAREFRPPCIB.
How long does it take to send money to Parel?
SEPA payments in euros normally arrive the next business day. Payments in other currencies can take 2–4 business days.
Can I use PAREFRPP instead of PAREFRPPCIB?
PAREFRPP points to the head office of Parel, while PAREFRPPCIB points to Group Holdings. Most international transfers work with the head office code, but use PAREFRPPCIB if the recipient asks for it.
What is the cheapest way to send money to Parel?
Banks often add several percent to the exchange rate on top of a fee. Compare the amount that arrives in Euro with transfer services before you send – the difference can be large.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.