Deutsche Asset Management France SWIFT/BIC code

What DEUTFRA1 means for a payment to Deutsche Asset Management France

The 8-character code DEUTFRA1 and the 11-character code DEUTFRA1XXX refer to one and the same institution: Deutsche Asset Management France in Paris, France. A SWIFT code shows every bank in the chain exactly which bank is meant to get the money, a bit like a postal address for banks. You will need it mainly when dealing with payments that cross a border or a currency.

This page is meant to help people who pays into an account at Deutsche Asset Management France and wants to get the details right. A SWIFT code identifies a bank or branch, never a single account; the IBAN or account number does that.

Sending money abroad from Deutsche Asset Management France

The price of a payment abroad has more than one component. You pay the transfer fee, sometimes fees charged by intermediary banks along the way and, most importantly, the margin on the exchange rate when the money is converted.

The markup on the rate tends to be the biggest item because it is hidden in the rate. 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 specialist provider turns out to be cheaper than a bank – mostly thanks to the rate. Before your next transfer, take a minute to compare the total cost via GoldexPay. You can always keep your account at Deutsche Asset Management France, while a cheaper service handles the conversion.

8 or 11 characters: DEUTFRA1 versus DEUTFRA1XXX

Every SWIFT/BIC code starts with the same eight core characters: four letters for the bank, two letters for the country and a two-character location code. That gives you DEUTFRA1, the short form of the code.

Most payment forms work with either length. If yours requires eleven characters, use DEUTFRA1XXX.

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

Paying Deutsche Asset Management France in euros within SEPA

France belongs to the SEPA area. When you send euros within SEPA, you normally only need the IBAN and the BIC is often filled in automatically.

Outside the euro and from non-SEPA countries, DEUTFRA1XXX remains part of the payment details. Some banks and apps also ask for the BIC out of habit; in that case, enter DEUTFRA1 or DEUTFRA1XXX.

Euro payments within SEPA usually arrive by the next business day, and instant transfers in seconds where both banks support them. As long as no currency is converted, a SEPA transfer tends to be inexpensive.

Head office or branch code at Deutsche Asset Management France?

Having 2 codes, Deutsche Asset Management France belongs to the banks that use individual codes for parts of the organisation. The main code is DEUTFRA1XXX.

Usually there is no need to look up a branch: payments sent to DEUTFRA1XXX reach Deutsche Asset Management France without problems. Just use a branch code when your contact explicitly asks for it.

The best way is to take the code straight from the recipient’s statement. Branch codes can change over time.

The Euro and what conversion costs you

The currency in France is the Euro (EUR). If you send another currency it has to be converted somewhere along the way – by your bank, by Deutsche Asset Management France or by a bank in between. There is rarely a separate line for the conversion – the cost sits in the rate.

Where the conversion happens affects how much arrives. In many cases you pay less if you send EUR straight away via a provider with a good rate.

The EUR rate fluctuates throughout the day and quotes are often valid only for a short time. For regular payments, small differences in the rate make a real difference over time.

Protect yourself against fake payment requests

Criminals often use fake invoices containing new bank details sent from what looks like a familiar address. The fact that DEUTFRA1 exists is no guarantee that the account is legitimate – fraudsters use real bank codes as well.

Verify changed bank details through a different channel, never via the email that asked for the change. Pressure or requests to keep it quiet are warning signs. If money was sent to a fraudster, call your bank right away: the sooner they act, the better the chance of a recall.

People receiving money can be targeted as well: one known trick is a buyer who pays too much followed by a request to refund the difference. A payment confirmation from the sender proves nothing – check your own account.

How long does an international transfer to Deutsche Asset Management France take?

How fast a transfer reaches Deutsche Asset Management France is determined by several factors: which currency you send, how many intermediary banks are involved, daily processing deadlines and time zones. Bank holidays in the sending or receiving country add extra days. Compliance checks by one of the banks may also add a delay.

When a payment takes longer than expected, ask your bank about the status. Save your transfer receipt until the money has arrived; it contains the details a bank needs to start a trace.

If a payment has not arrived after a few business days, the sender needs to contact their own bank. Request from the sender a copy of the payment confirmation; that often settles the question quickly.

How up to date is this code?

The codes here are taken from publicly available data. It is possible that a code on this page is no longer current, for example after a merger. The number of codes we show reflect our own data, not official figures from Deutsche Asset Management France.

See the information on this page as a helpful check. GoldexPay is an independent comparison site for money transfers and not affiliated with Deutsche Asset Management France. Spotted an error? Tell us through the contact page so we can correct it.

Receiving money from abroad at Deutsche Asset Management France

A sender in another country needs several details about your account – incomplete details often cause delays. Give them your name as the bank knows it, your account number or IBAN, the BIC DEUTFRA1XXX and your address.

It helps to include the bank name and its city too, since some forms ask for it. Double-check each detail before you share them – a sender rarely spots a mistake in someone else’s details.

The amount you receive can be less than what was sent. Fees for incoming transfers differ per bank; check the price list of Deutsche Asset Management France. Agree with the sender who covers the fees, especially for larger amounts.

Verifying the SWIFT code of Deutsche Asset Management France

Have the recipient copy their bank details directly from a recent statement. When the code you were given differs from DEUTFRA1 or DEUTFRA1XXX, stop and ask: check with the recipient or with Deutsche Asset Management France directly.

If the code is wrong, the payment may be delayed, bounce back or cost extra. A mistake in the account number is more serious because it can reach the wrong person.

Most online banking apps validate the format of IBANs and some suggest the matching BIC. If your bank offers it, a name check on the recipient adds an extra layer of safety. Sending a small amount first can be a sensible step for large sums, even if it costs an extra fee.