Agf Asset Management SWIFT/BIC code

What AGFMFRP1 means for a payment to Agf Asset Management

AGFMFRP1 and AGFMFRP1XXX are the short and the long form of the same SWIFT/BIC code, and both point to Agf Asset Management in Paris. Banks worldwide use these codes to direct payments between countries to the right bank. In practice you usually come across the code on invoices from abroad, in your banking app and in the bank details of Agf Asset Management customers.

We wrote this page to help anyone who pays into an account at Agf Asset Management without mistakes. The SWIFT code on its own cannot identify a personal account; that is what the IBAN or account number is for.

What to give a sender who pays you at Agf Asset Management

To receive a transfer from abroad into your account at Agf Asset Management, the person paying you has to have not just the BIC. What they need is: the account holder’s name, account number or IBAN, AGFMFRP1XXX or AGFMFRP1 and often your home address.

Certain banks want the address of Agf Asset Management in Paris, so keep it at hand. A typo in the IBAN can be more trouble than you might think.

Money from abroad will not always land for the full amount. Charges on incoming payments differ from bank to bank – the price list of Agf Asset Management tells you what applies. Agree with the sender who pays which costs, especially for larger amounts.

When will the money arrive at Agf Asset Management?

An international transfer typically needs anywhere from one to several business days, depending on the currency, the route and the banks involved. Payments made late in the day or on weekends and holidays usually go out the next business day. Sometimes a bank asks about the purpose of a payment, which can hold things up.

When a payment takes longer than expected, contact your bank about the status or the UETR. Specialist transfer services often provide tracking online showing where the money has got.

A missing payment is investigated from the sending side. As a recipient, it helps to check your statements to see a slightly lower amount because fees can reduce the amount.

International transfers from Agf Asset Management: the real cost

If you send money to another country through Agf Asset Management, the visible fee is rarely all of the cost. On top of the transfer fee, banks in between may deduct a fee, and if currencies are converted the bank often uses a rate below the real market rate.

Banks rarely show their exchange rate markup separately, but you pay it all the same. Check the rate you are offered with the mid-market rate – the rate you find on financial news sites.

For many currency pairs, a specialist provider is less expensive than a bank, mainly because of the exchange rate. GoldexPay lists these services next to each other, showing the amount the recipient gets. You can still keep your account at Agf Asset Management as the source of the money.

8 or 11 characters: AGFMFRP1 versus AGFMFRP1XXX

The layout of a BIC never changes: four characters for the institution, a two-letter country code and two for the location. The result is AGFMFRP1, the short form of the code.

XXX at the end of AGFMFRP1XXX does not stand for a missing value or an error: it stands for the main office of Agf Asset Management. Certain payment forms ask for 11 characters, and then you simply enter XXX behind AGFMFRP1.

As a rule the code is typed in capitals and without spaces. Copying the code is safer than typing it by hand, because one wrong letter changes the bank.

Scams that use SWIFT codes

Criminals regularly use fake invoices with new bank details, sometimes in an email that looks completely genuine. A valid SWIFT code says nothing about whether the request is genuine – scammers simply use real codes.

Do not rely on a phone number in the same message that contains the change. Watch out for urgent requests, unusual wording or an email address that differs by one letter. If money was sent to the wrong account, call your bank right away: the sooner they act, the better the chance of a recall.

Fraud also work the other way: someone claims to have sent more than agreed and asks you to refund the difference. Wait until the money is actually in your account.

How to check AGFMFRP1 before you pay

The most reliable place for the right code remains a document from the bank itself. Compare it against AGFMFRP1 here; if they differ, ask before you pay.

If the code is wrong, the payment may get stuck, be returned or end up costing more, and tracing it can take weeks. Do not forget the IBAN: an error there can be more difficult to correct than a wrong BIC.

A validity check by your bank merely tells you that the IBAN exists – not that it belongs to the person you mean to pay. More and more banks check the name with the account before you confirm; take any warning seriously. When you pay someone new, some people start with a small test amount before sending the rest.

SEPA payments and the Agf Asset Management BIC

Within the SEPA zone, euro payments to Agf Asset Management follow common rules and in most cases need only the IBAN. A field for the BIC is usually optional or missing for those payments.

You will still need AGFMFRP1XXX when sending payments in other currencies or money from outside the SEPA area. Some banks and apps also show a field for the BIC; in that case, fill in AGFMFRP1 or AGFMFRP1XXX.

Instant payments in euros are widely available within SEPA – whether Agf Asset Management offers them for your account is worth checking. Charges on SEPA transfers are generally low, as long as no currency conversion is involved.

Head office or branch code at Agf Asset Management?

We have 2 SWIFT/BIC codes for Agf Asset Management. Besides the head office code AGFMFRP1XXX, there are codes for regional offices and specialised units.

Usually you do not need to look up a branch: payments sent to AGFMFRP1XXX reach Agf Asset Management without problems. If you have been given a branch code, stick to it rather than swapping it for the head office code.

If you are not sure, check with the recipient for the exact BIC in their bank details. Branch codes are more prone to change than the head office code.

About this information

We collect bank codes from publicly available data and update our list from time to time. Institutions merge, change names and retire codes. The figures on this page are based on what is in our directory and not on information from Agf Asset Management itself.

For any payment that matters, check the code with the recipient’s bank or the recipient. GoldexPay is not affiliated with Agf Asset Management, we only compare transfer services. If you notice something that is out of date, we welcome a message via the contact page.

Paying into Agf Asset Management in EUR

The local currency in France is the Euro (EUR). If you send money in a different currency has to be converted somewhere along the way – by your bank, by Agf Asset Management or by a bank in between. You rarely see a separate charge for the conversion; it is built into the rate.

Who does the conversion affects the final amount. In many cases you pay less to send EUR straight away through a provider with a good rate rather than letting the receiving bank convert.

The EUR rate changes constantly and quotes are often valid only for a short time. With bigger transfers, a small gap in the rate adds up quickly.