Societe Generale Cyprus Limited SWIFT/BIC code

SOGECY2N – the SWIFT/BIC code of Societe Generale Cyprus Limited

Whether you are given SOGECY2N or SOGECY2NXXX, it is the identical address for Societe Generale Cyprus Limited in Cyprus. A BIC has a single purpose: it makes sure that money from abroad reaches the right bank. It comes up mainly when dealing with transfers between countries.

On this page you will find how the code is put together, when you need it and what else a transfer to or from Societe Generale Cyprus Limited requires. The BIC names a bank or branch, never a single account.

What a transfer from Societe Generale Cyprus Limited abroad really costs

When you transfer money to another country through Societe Generale Cyprus Limited, the fee you see is only part of the cost. On top of a fixed fee, correspondent or intermediary banks can take a cut, and if the money changes currency, the bank usually applies a rate that is less favourable than the actual market rate.

That exchange rate margin tends to be the biggest cost because it is hidden in the rate. A simple test: put the bank’s rate against the mid-market rate for the same moment and look at the difference.

For a lot of routes, a transfer service turns out to be cheaper than a bank, mainly because of the exchange rate. Next time you send money, it is worth comparing the total cost on GoldexPay instead of going straight to your bank. You can still use your account at Societe Generale Cyprus Limited to fund the transfer, while a cheaper service handles the conversion.

Euro (EUR) and conversion costs

The national currency in Cyprus is the Euro (EUR). If you send another currency gets converted somewhere along the way. Every conversion costs something, even when no fee is shown.

Where the conversion happens affects the final amount. In many cases you pay less if you send EUR straight away via a provider that converts near the mid-market rate, so that the receiving bank does not need to convert again.

Exchange rates move all the time – some services let you fix a rate in advance. On larger amounts, even seemingly small gap in the rate can be worth more than the fee.

Societe Generale Cyprus Limited: head office code versus branch codes

Our directory lists 4 SWIFT/BIC codes for Societe Generale Cyprus Limited in 2 places. Next to the head office code SOGECY2NXXX, you will find codes for individual branches and departments.

For the vast majority of payments to a private or business account, the head office code SOGECY2NXXX works fine. If you have been given a specific code, use it as it is rather than swapping it with the head office code.

Not sure which code to use? Check with the recipient. Branch codes can change when banks reorganise.

Scams that use SWIFT codes

Criminals regularly use payment requests with changed bank details. A correct SWIFT code tells you nothing about who owns the account: scammers use real codes of real banks.

Before paying, confirm changed bank details by phone. Watch out for time pressure, unusual wording or an email address that differs by one letter. Already paid? Contact your bank straight away and ask them to try to recall the payment.

Recipients can be targeted as well: a classic trick is an overpayment and then sends a request to send back the difference to another account. Wait until the money is actually in your account.

How to check SOGECY2N before you pay

The most reliable place for the correct BIC is paperwork issued by the bank, such as a statement or the account details in online banking. Check it against SOGECY2N here and ask if anything does not match.

A wrong SWIFT code can cause delays, a payment being sent back or extra fees for investigation. A mistake in the IBAN or account number is a bigger problem because it can reach the wrong person; check it just as carefully.

Many banking apps validate the structure of IBANs. More and more banks check the name against the account before you confirm. When you pay someone new, some people send a small test amount before sending the rest.

Where our SWIFT data comes from

We collect SWIFT/BIC codes using public sources and check our list regularly. Institutions reorganise, change names and change codes – a directory can be a step behind. The figures on this page are based on what is in our directory and not on information from Societe Generale Cyprus Limited itself.

Before a payment that matters, check the code with the recipient’s bank or with the recipient. GoldexPay is independent of Societe Generale Cyprus Limited, we only compare transfer services. Spotted an error? Let us know via our contact form.

What to give a sender who pays you at Societe Generale Cyprus Limited

For a transfer from abroad into your account at Societe Generale Cyprus Limited, the sender has to have more than the SWIFT code. The basics are: your name, IBAN or account number, SOGECY2NXXX and often your postal address.

Some banks want the address of Societe Generale Cyprus Limited. Double-check each detail before you send them, because the sender’s bank usually copies them as is.

An incoming payment will not always arrive in full. Intermediary banks may deduct a fee, and if the money is converted, an exchange rate margin applies. For business payments, it is common to agree how the fees are split.

Tracking a transfer to or from Societe Generale Cyprus Limited

How quickly a transfer arrives at Societe Generale Cyprus Limited depends on a few things: the currency, how many intermediary banks are involved, daily processing deadlines and time zones. Weekends and public holidays in the sending or receiving country can add a day or more, since banks do not process on those days. Sometimes a bank wants to know about the purpose of a payment before releasing it.

When a payment takes longer than expected, contact your bank for the status and the transaction reference. Save your transfer receipt; it contains the details a bank needs to start a trace.

Only the sending bank can request a trace or a recall. Request from the sender a copy of the payment confirmation including the reference; that often settles the question quickly.

SEPA payments and the Societe Generale Cyprus Limited BIC

Because Cyprus is in SEPA, a euro transfer to Societe Generale Cyprus Limited from within the SEPA area normally only needs an IBAN. Most banking apps do not require the BIC in that case or fill it in for you.

Outside the euro and from non-SEPA countries, SOGECY2NXXX is still part of the payment details. A few forms still ask for the BIC; if so, enter SOGECY2N or SOGECY2NXXX.

Instant euro transfers have become widely supported across SEPA; check with Societe Generale Cyprus Limited whether it applies to your account. Charges on SEPA payments are generally low.

Why Societe Generale Cyprus Limited has an 8- and an 11-character code

The layout of every SWIFT code is always the same: four characters for the institution, a two-letter country code and a two-character location code, sometimes followed by a branch code. Combined, these eight characters make up SOGECY2N.

The 11-character version adds a three-character extension that identify a branch or department. When those three characters are XXX, the code points to the head office.

Leave out spaces, dots when you type SOGECY2N; the code is always written in one block. Copying the code beats typing it by hand: a typo can point to another bank.