Cmp Banque SA SWIFT/BIC code

What CMPCFRP1 means for a payment to Cmp Banque SA

If an invoice shows CMPCFRP1 or CMPCFRP1XXX, it is the same address for Cmp Banque SA in France. Every bank on the SWIFT network uses BIC codes to direct payments between countries to the correct institution. You will need it mostly when dealing with transfers between countries or a currency.

Below we go through the practical side: receiving money at Cmp Banque SA, paying someone in another country and how to verify a SWIFT code before you confirm a payment. The SWIFT code alone cannot identify an individual account holder; for that you need the IBAN or account number is for.

Euro (EUR) and conversion costs

Most accounts at Cmp Banque SA are usually held in EUR, the national currency of France. A payment in a foreign currency will be converted into EUR on its way to Cmp Banque SA – and the bank that does it picks the rate. You rarely see a separate charge for the conversion – the cost sits in the rate.

Which bank converts the payment matters: every bank has its own margin. Sending the money directly in EUR usually avoids an extra conversion at the receiving end, provided the rate you get is fair.

Rates for EUR change all the time, and some providers let you lock in a rate. If you pay regularly, small differences in the rate add up over a year.

What a transfer from Cmp Banque SA abroad really costs

If you transfer money to another country via Cmp Banque SA, the visible fee is only part of what you pay. Besides the transfer fee, banks in between may deduct a fee, and if currencies are converted the bank often applies a rate below the real market rate.

The real cost is often in the rate, rather than in the fee: many banks convert using an exchange rate that includes a margin. An easy check: put the bank’s rate against the mid-market rate for the same moment and work out the difference on your amount.

For a lot of currency pairs, a transfer service is cheaper than a traditional bank transfer, mainly because of the exchange rate. GoldexPay compares what recipients receive with different providers, which makes the cheapest option easy to spot. You can always keep your account at Cmp Banque SA as the source of the money; only the conversion and sending happen elsewhere.

Transfer times and tracking a payment to Cmp Banque SA

There is no single delivery time for international payments: some arrive the same day or the next. Bank holidays in either country can add a day or more to the journey. Compliance checks by one of the banks may also add some delay.

Many banks use SWIFT gpi, which lets them follow a payment from bank to bank. Each payment gets a unique reference, the UETR. Save the payment confirmation.

A delayed transfer is investigated from the sending side on the basis of the transfer details. Ask the sender for the payment receipt.

Protect yourself against fake payment requests

Stay alert if a contact unexpectedly asks you to pay into another account or a bank in another country. The fact that CMPCFRP1 exists is no guarantee that a request mentioning it is legitimate; criminals use the codes of real banks too.

Before paying, confirm changed bank details by phone. Be suspicious of urgent requests, odd spelling or an email address that differs by one letter. Acted too fast? Contact the bank you paid from without delay and ask them to try to recall the payment.

Recipients are targeted too: a classic trick is an overpayment followed by a request to refund the difference to another account. A payment confirmation from the sender is no proof.

Head office or branch code at Cmp Banque SA?

Having 2 codes in 1 locations, Cmp Banque SA is one of the banks that register separate codes for parts of the organisation. The main code is CMPCFRP1XXX.

In most cases you do not need to pick a branch: transfers sent to CMPCFRP1XXX reach Cmp Banque SA without problems. A branch code only makes sense when the recipient’s bank explicitly mentions it, which is more common for corporate accounts and specialised services.

The best way is to take the code straight from the recipient’s bank details. Codes for branches are more prone to change than the head office code.

What to give a sender who pays you at Cmp Banque SA

A sender in another country will ask for a few details about your account – incomplete details often cause delays. Share your name as the bank knows it, the IBAN or account number, the BIC CMPCFRP1XXX and your address.

Certain sending banks also ask for the name and address of Cmp Banque SA in Paris; it does no harm to include it. A typo in your account number can be more trouble than you might think.

The amount you receive can be lower than the amount sent. Correspondent banks can take a fee, and if the money is converted, a markup on the rate comes on top. On invoices, it is common to state how the fees are split, so that nobody is left short.

SEPA payments and the Cmp Banque SA BIC

Since France is part of SEPA, a euro payment into Cmp Banque SA from another SEPA country normally only needs the IBAN. Many banks no longer ask for the BIC for these payments or fill it in for you.

Outside the euro and for senders outside SEPA, CMPCFRP1XXX or CMPCFRP1 remains part of the payment details. Some forms also ask for the BIC out of habit; in that case, enter CMPCFRP1.

Instant payments in euros are increasingly available within SEPA – whether Cmp Banque SA offers them for your account is worth checking. Charges on SEPA payments are generally low as long as everything stays in euros.

Verifying the SWIFT code of Cmp Banque SA

The best place to find the correct BIC remains a document from the bank itself, such as a statement or the account details in online banking. When the code you were given differs from CMPCFRP1 or CMPCFRP1XXX, do not guess: check with the recipient or with Cmp Banque SA directly.

An incorrect BIC can cause a delay, a payment being sent back or additional charges along the way. A mistake in the account number is a bigger problem because it can reach the wrong person.

Many banking apps check the structure of an IBAN and sometimes look up the BIC automatically – that confirms the format, not the owner. If your bank offers it, a payee name check on the recipient adds an extra layer of safety. When you pay someone new, some people start with a small test amount.

What the XXX in CMPCFRP1XXX means

The structure of a BIC never changes: a bank code of four letters, a two-letter country code and two for the location. For Cmp Banque SA, the 8-character core is CMPCFRP1.

Many banks and apps work with both lengths. If yours requires eleven characters, use CMPCFRP1XXX; if it wants eight, use CMPCFRP1.

Enter the code as one block, in upper case and without separators, exactly as shown here. A wrong letter may route the money to a different institution.

How up to date is this code?

We gather bank codes from publicly available data and update our list from time to time. Institutions merge, change names and change codes – a directory can be a step behind. The figures we show reflect our own data.

Before any payment that matters, always check the code with Cmp Banque SA or with the recipient. GoldexPay is not affiliated with Cmp Banque SA; we are a comparison site for money transfers. Found an error? Let us know via our contact form and we will look into it.