Europe Arab Bank PLC SWIFT/BIC code

What ARABFRPP means for a payment to Europe Arab Bank PLC

ARABFRPP and ARABFRPPXXX are the short and the long form of the same bank identifier, and both point to Europe Arab Bank PLC in Paris. A BIC has a single purpose: it ensures that an international payment reaches the right bank. You will need it mainly for payments that cross a border.

Further down you will find the practical questions: money coming in from abroad, sending money abroad and how to verify a SWIFT code before you hit send. The SWIFT code alone does not identify a personal account; that is what the account number or IBAN is for.

Paying someone abroad from your Europe Arab Bank PLC account

If you transfer money to another country from Europe Arab Bank PLC, the visible fee is rarely all of the cost. On top of a fixed fee, correspondent or intermediary banks may deduct a fee, and if the money changes currency, the bank usually uses a rate that is less favourable than the actual market rate.

The real cost is often in the rate, rather than in the fee: the bank converts using an exchange rate with a margin built in. An easy check: set the rate you get against the mid-market rate and look at the difference.

For a lot of currency pairs, a specialist provider turns out to be cheaper than a bank. GoldexPay lists transfer providers next to each other so you can see the amount the recipient gets for the same amount sent. Using a transfer service does not mean closing your account at Europe Arab Bank PLC.

How to check ARABFRPP before you pay

Have the recipient copy the bank details straight from a recent statement. When the code you were given does not match ARABFRPP or ARABFRPPXXX, stop and ask: check with the recipient or with Europe Arab Bank PLC directly.

An incorrect BIC can cause delays, a payment being sent back or extra fees along the way. Remember the account number: an error there can be harder to correct than a wrong code.

A validity check by your bank only confirms that the IBAN exists – not that it belongs to the person you mean to pay. Where available, a payee name check before sending gives an extra layer of safety. When you pay someone new, many people send a small test amount and wait for confirmation.

Scams that use SWIFT codes

Be wary if a contact suddenly wants you to send money to another account or a bank in another country. A valid SWIFT code says nothing about whether the request is genuine: scammers use real codes of real banks.

Verify changed bank details via a separate channel like a call to a number from an earlier contract. Urgency or requests to keep it quiet tend to be warning signs; a genuine business can wait for you to check. If money was sent to a fraudster, contact your bank immediately – speed improves the chance of getting it back.

Scams also work the other way. Someone sends more than agreed and asks you to refund the extra. A payment confirmation from the sender proves nothing; only your own account shows what has arrived.

Where our SWIFT data comes from

The codes here are taken from public sources. Institutions merge, close branches and change codes – a directory can be a step behind. Figures such as the number of codes come from our own dataset and may differ from what Europe Arab Bank PLC publishes.

See the information here as a handy check and rely on the recipient or Europe Arab Bank PLC for the final confirmation. GoldexPay is not affiliated with Europe Arab Bank PLC; we are a comparison site for money transfers. Spotted an error? Let us know through the contact page.

Transfer times and tracking a payment to Europe Arab Bank PLC

There is no single answer for international payments: many land the same day or the next while others need several business days. Transfers sent late in the day or just before a weekend or public holiday often start the next business day. Extra checks on larger or unusual payments can also cause some delay, even when all details are correct.

A growing number of banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Each gpi transfer carries a unique reference, the UETR. Save the payment confirmation.

The bank that sent the money is able to request a trace or a recall. Request from the sender the payment receipt including the reference; that often settles the question quickly.

What to give a sender who pays you at Europe Arab Bank PLC

For a transfer from abroad into your account at Europe Arab Bank PLC, the sender needs more than the BIC. The basics are: your name, IBAN or account number, ARABFRPPXXX and in many cases your home address.

Certain banks want the bank’s address. A mistake in the IBAN can be harder to fix than you might think.

Do not be surprised if the incoming amount is below what the sender paid. Fees for incoming transfers differ per bank; check the price list of Europe Arab Bank PLC. On invoices, it is common to state how the fees are split to avoid a shortfall.

Europe Arab Bank PLC: head office code versus branch codes

Our database contains 2 SWIFT/BIC codes for Europe Arab Bank PLC in 2 places. Besides the head office code ARABFRPPXXX, you will find codes for individual branches and departments.

If nobody asks you for a branch code, use ARABFRPPXXX or its short form ARABFRPP. When you receive a specific code, stick to it instead of replacing it for the head office code.

When in doubt, ask the person you are paying for the exact BIC in their bank details. Branch codes are more likely to change than the head office code.

8 or 11 characters: ARABFRPP versus ARABFRPPXXX

Each SWIFT/BIC code has an 8-character core: four letters for the bank, a two-letter country code and two characters for the location. In this case, that core is ARABFRPP.

Many payment forms work with both lengths. If a form requires eleven characters, use ARABFRPPXXX.

Enter the code as one block, in capitals and without spaces, exactly as shown here. Look out for O versus 0 and the letter I and the digit 1; they are easy to mix up.

Euro transfers to Europe Arab Bank PLC: is a BIC needed?

Because France is part of the SEPA zone, a euro payment to Europe Arab Bank PLC from another SEPA country usually requires just an IBAN. Most banking apps no longer ask for the BIC in that case or fill it in for you.

You will still need ARABFRPPXXX when sending non-euro payments or money from outside the SEPA area. If your banking app asks for the BIC regardless, entering ARABFRPP does no harm.

Instant euro transfers have become increasingly available across SEPA – whether Europe Arab Bank PLC offers them for your account is worth checking. Charges on SEPA transfers are generally low as long as everything stays in euros.

The Euro and what conversion costs you

Accounts at Europe Arab Bank PLC are typically held in EUR, the local currency of France. Money sent in a different currency will be converted into EUR before it reaches the account, and whoever converts it chooses the rate. Every conversion eats into something, even when no fee is shown.

Who does the conversion affects the final amount. Sending the money already in EUR often prevents a second conversion by Europe Arab Bank PLC.

The EUR rate changes constantly. If you pay regularly, a slightly better rate add up over time.